KPIT Technologies Posts 30% Growth In Q1 Profit

New Delhi: KPIT Technologies on Wednesday posted a nearly 30 per cent rise in consolidated net profit at Rs 55 crore for the first quarter ended June 2016.

The company's income from operations rose nearly 6 per cent to Rs 803.2 crore as against Rs 759.3 crore in the corresponding period a year ago, according to a company filing on the BSE.

KPIT Technologies, formerly KPIT Cummins Infosystems, said revenue from the US market grew 3 per cent while revenue from the UK and Europe rose 22 per cent, and the rest of the world 9 per cent on a year-on-year basis.