Financial Daily from THE HINDU group of publications
Friday, Apr 29, 2005
Financial Daily from THE HINDU group of publications Friday, Apr 29, 2005 |
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Info-Tech
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Financial Performance Corporate Results - Software KPIT Cummins consolidated net up Our Bureau
Pune , April 28 KPIT Cummins Infosystems Ltd has recorded consolidated revenues of Rs 252.45 crore, an increase of 98.79 per cent as compared with revenues of Rs 126.99 crore in the year ended March 2004. The consolidated net profit has increased 94.69 per cent to Rs 28.08 crore (Rs 14.42 crore). The earning per share (basic, post share split) stood at Rs 22.14. The board of directors had approved the audited financial results . It noted that quarter to quarter on a sequential basis, consolidated revenues had grown 7.50 per cent to Rs 67.27 crore (compared with Rs 62.58 crore in Q3FY05, while net profit stood at Rs 7.51 crore (Rs 7.41 crore). KPIT Cummins focuses on two verticals, manufacturing and banking, finance & insurance. The top 10 clients including Cummins contributed 89.35 per cent of the revenues (inclusive of Panex) during the quarter compared with 91.90 per cent in the previous quarter.
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