1. KPIT Technologies slumps to daily lower limit on weak earnings, outlook

KPIT Technologies slumps to daily lower limit on weak earnings, outlook

KPIT Technologies' quarterly revenue declined 3.2 pct QoQ to $122 mln.

By: | Mumbai | Updated: April 29, 2015 12:14 PM
KPIT Technologies

KPIT Technologies’ quarterly revenue declined 3.2 pct QoQ to 2 mln. (Reuters)

KPIT Technologies slumps 20 percent to daily lower limit after earnings came in below forecast.

March-quarter profit at 503.1 mln rupees vs consensus forecast of 654.8 mln rupees.

Company’s quarterly revenue declined 3.2 pct QoQ to $122 mln. Management’s guidance of marginal growth for FY16 contradicts its outlook – Antique Stock Broking.

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