KPIT Cummins announced Q3 results

Thebullishtrends: KPIT Cummins(Cmp:Rs.115) KPIT Cummins announced its Q3 results.KPIT Cummins keeps growth going in Q3Y-O-Y Revenue grows 42.11 % in US Dollar terms
KPIT Cummins Infosystems Ltd. a specialist solutions partner to Global Manufacturing
corporations registered a revenue of Rs.1511.72 Mn during Q3FY08 — a 29.09 % growth over the corresponding period in the last financial year.

Topline Growth :

In US$ terms, revenues over the last quarter same year grew by 42.11% while sequential growth was 4.30%. Total revenues in Rupee terms for Q3FY08 were Rs.1511.72 Mn, reflecting a 29% growth over the revenues in same quarter last fiscal and 1.29% growth over the revenues of previous quarter.

Profit Growth :

For Q3 FY08, the Company earned a Net Profit of Rs. 141.30 Mn. Profits grew 2.97% over the same quarter last year and an increase of 0.41% over previous quarter. This was despite a 9.16% drop in Average US Dollar realization from Q3 FY 07(Rs.44.85) to Q3FY 08 (Rs.40.74) and a 2.9% drop from Q2FY08(Rs.41.95) to Q3FY08(Rs.40.74).

Highlights of the Quarter. Total Revenue for the quarter, Q3 FY08, grew by 29 % y-o-y to Rs. 1511.17 Mn while Profits for the quarter grew by 2.97% y-o-y. 1.29% Sequential revenue growth in Rupee terms & 4.30% in US$ terms 4 new customers added during the quarter: total # of active customers goes to: 106. Volume growth was 35.01% y-o-y and 5.86% sequential. Offshoring growth 42.05 y-o-y and 6.98% sequential