KPIT Cummins Infosystems Ltd. Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended December 31, 2012; Revises Earnings Guidance for the Fiscal Year 2013
January 28, 2013 at 06:32 pm IST
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KPIT Cummins Infosystems Ltd. reported unaudited consolidated earnings results for the third quarter and nine months ended December 31, 2012. For the quarter, the company reported net sales/income from operations of INR 5,632.970 million, profit form operations before other income, finance costs and exceptional items of INR 761.537 million, profit from ordinary activities before tax of INR 705.184 million, net profit of INR 522.594 million or INR 2.66 per diluted share after extraordinary items compared to the net sales/income from operations of INR 3,788.539 million, profit form operations before other income, finance costs and exceptional items of INR 444.743 million, profit from ordinary activities before tax of INR 539.078 million, net profit of INR 410.860 million or INR 2.28 per diluted share after extraordinary items for the same quarter year ago. Capital expenditure for the quarter stood at INR 128.79 million including CWIP.
For the nine months period, the company reported net sales/income from operations of INR 16,687.671 million, profit form operations before other income, finance costs and exceptional items of INR 2,283.028 million, profit from ordinary activities before tax of INR 2,085.405 million, net profit of INR 1,526.571 million or INR 7.98 per diluted share after extraordinary items compared to the net sales/income from operations of INR 10,200.025 million, profit form operations before other income, finance costs and exceptional items of INR 1,071.507 million, profit from ordinary activities before tax of INR 1,279.211 million, net profit of INR 992.318 million or INR 5.65 per diluted share after extraordinary items for the same period year ago.
For the fiscal year 2013, the company revises PAT guidance to INR 1,960 million - INR 2,000 million (year-on-year growth of 35% - 38%) compared to initial PAT guidance of INR 1,670 million - INR 1,740 million (year-on-year growth of 15% - 20%).
Birlasoft Limited is an India-based company, which provides cloud, artificial intelligence (AI), and digital technologies, combining domain expertise with enterprise solutions. The Company provides software development, global information technology (IT) consulting to its clients, predominantly in banking, financial services and insurance, life sciences and services, energy resources and utilities and manufacturing (which mainly includes discrete manufacturing, hi-tech & media, auto and consumer packaged goods) verticals. The Company's services include digital, enterprise technologies and services, and cloud and infrastructure. Its digital services include customer experience, data analytics, connected products, intelligent automation, cloud, blockchain and generative AI. Its enterprise technologies and services include Oracle and JD Edwards, SAP, Infor, Microsoft, PTC, AWS and Google Cloud. Its Cloud and Infrastructure services include OneCloud, Anywhere Workplace and Cybersecurity.
KPIT Cummins Infosystems Ltd. Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended December 31, 2012; Revises Earnings Guidance for the Fiscal Year 2013