Price:Rs 135 Price target:Rs 115.00 Q2FY09 results reflects weak operating performance: Net sales for Q2FY09 at INR95bn (+20%yoy) drove EBITDA to INR25bn (-7% yoy) and recurring net income to INR18bn (+12%yoy). Results were in line with our estimates at operating level – which were at the low end of street estimates. Despite a 16%...
Target :Rs 130 CM Price :Rs119.25 Company Background KPIT Cummins Infosystems Ltd is in the business of software services and products. A team of six professionals Ravi Pandit, Kishor Patil, Anil Kulkarni, Sachin Tikekar and Shrikrishna Patwardhan promote the company. KPIT’s marketing model follows a UK centric strategy. The company is one of the...