KPIT Cummins

KPIT Cummins reports 17% rise in quarterly net profit

KPIT Cummins reports 17% rise in quarterly net profit Pune-based IT firm KPIT Cummins Infosystems on Monday reported an increase of 17.05 per cent in net profit for the three months ended March 31.

The mid-sized IT firm announced that its net profit increased to Rs 51.17 crore in the January to March quarter, as against Rs 43.72 crore during the corresponding period of previous year.

For the full financial year of 2012-13, KPIT Cummins' sales increased 49.2 per cent to Rs 2,238.63 crore, while net profit jumped 36.91 per cent to Rs 199 crore from the financial year of 2011-12.

Buy KPIT Cummins With Stop Loss Of Rs 155

Buy KPIT Cummins With Stop Loss Of Rs 155Stock market analyst Sudarshan Sukhani has maintained 'buy' rating on KPIT Cummins Infosystems Limited stock to achieve a target of Rs 170.

The strict stop loss for the stock will be Rs 155.

The stock of the company, on Sep 20, marked its closure at Rs 160.60 on the Bombay Stock Exchange (BSE).

The share price has seen a 52-week high of Rs 192.90 and a low of Rs 72 on BSE.

IT company KPIT Cummins Ltd is eyeing to be a $500-million firm by the next three years (2013).

Bharat Forge and KPIT Cummins join hands

Bharat Forge and KPIT Cummins join handsIn a deal announced recently, the world witnessed two giants in their space coming together to launch a plug-in hybrid technology named Revolvo in the Indian market. While the technology is being jointly developed by Bharat Forge and KPIT Cummins, it is believed that the will hit the Indian market in a matter of the next six months.

Notably, the technology has the potential to revolutionise the use of the hybrids cars in the Indian market.

Bharat Forge Inks JV Deal With KPIT Cummins

Bharat Forge Inks JV Deal With KPIT CumminsBharat Forge Ltd, a top global supplier of forged and machined components, and KPIT Cummins Infosystems Ltd, a leading product engineering and IT consulting partner to automotive and manufacturing companies, declared their decision to ink a joint venture (JV) deal in order to make and sell an indigenously developed hybrid technology solution for automobiles - Revolo.

The JV contract will permit both subsisting as well as new vehicles to dramatically raise their fuel efficiency plus engine performance, while significantly decreasing green house gas (GHG) emissions.

KPIT Cummins Infosystems acquires US-based Sparta Consulting for $38 million

KPIT Cummins Infosystems acquires US-based Sparta Consulting for $38 million

Pune-based manufacturing solutions provider KPIT Cummins Infosystems has agreed to buy US-based Sparta Consulting Inc. for up to $38 million.

California-based Sparta, which specializes in implementing SAP AG’s business software, has generated revenue of $26 million over the period and is KPIT Cummins’ sixth buy since 2003. Sparta has operations in Noida, on the outskirts of New Delhi and also in Pune.




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