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KPIT Cummins Infosystems
KPIT Cummins Infosystems (KPIT) reported its 1QFY2012 results, which outperformed street
as well as our expectations. Dollar revenue came in at US$70.1.9mn, up 7.0% qoq,
majorly led by volume growth. In rupee terms, revenue came in at `316cr, up 6.4% qoq.
EBITDA margin declined by 201bp qoq to 12.6% due to negative impact of wage hikes
given from April 1, 2011 (12–14% for offshore employees and 4% for onsite employees).
PAT stood at `24.4cr, down 8.5% qoq due to higher tax rates. We continue to be positive
on the stock and will be releasing a detailed result update shortly.
India Equity Research Reports, IPO and Stock News
Visit http://indiaer.blogspot.com/ for complete details �� ��
KPIT Cummins Infosystems
KPIT Cummins Infosystems (KPIT) reported its 1QFY2012 results, which outperformed street
as well as our expectations. Dollar revenue came in at US$70.1.9mn, up 7.0% qoq,
majorly led by volume growth. In rupee terms, revenue came in at `316cr, up 6.4% qoq.
EBITDA margin declined by 201bp qoq to 12.6% due to negative impact of wage hikes
given from April 1, 2011 (12–14% for offshore employees and 4% for onsite employees).
PAT stood at `24.4cr, down 8.5% qoq due to higher tax rates. We continue to be positive
on the stock and will be releasing a detailed result update shortly.
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