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

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Mumbai | Updated: April 29, 2015 12:14:57 PM

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

KPIT TechnologiesKPIT 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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