Shares of software development company KPIT Technologies plunged as much as 14.53 per cent to today’s low of Rs 1,395 on the BSE during intra-day deals on Thursday. 

A combined total of 0.77 million shares of KPIT Technologies worth around Rs 1,141.62 crore exchanged hands on the BSE and NSE today.  

Along with the earnings, the company also announced that its board had approved raising funds of up to Rs 2,880 crores, or an equivalent amount thereof, in one or more tranches. 

During Q2 FY25, the company’s consolidated net profit remained unchanged at Rs 204 crore on a quarter-on-quarter (Q-o-Q) basis. Revenue jumped 4 per cent Q-o-Q to Rs 1,471 crore from Rs 1,365 crore reported in the first quarter of FY25.  

The company's consolidated earnings before interest, taxes, depreciation, and amortisation (EBITDA) rose 4 per cent Q-o-Q to Rs 301 crore in Q2 FY25 from Rs 289 crore reported in Q1 FY25.  

We continue to prioritise investments in technology and markets ahead of demand to help our T25 clients stay on the cutting edge of technology and competitiveness.