KPIT Technologies declares final dividend of Rs 2.65/share for FY23

KPIT Technologies has recommended a final dividend of Rs 2.65 per equity share, worth 26% of face value, for the financial year ending March 2023. The company reported revenue growth of 42% year-on-year in dollars, and 8.5% on constant currency basis for the March quarter, while its net profit stood at Rs 112 crore, recording an increase of 60% YoY. KPIT forecasts its growth for fiscal 2023-24 to be between 27% to 30% in CC revenue while estimating its EBITDA margin at 19% to 20%. Shares of KPIT Tech traded almost 5% higher at Rs 892 on Wednesday.