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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