Birlasoft Ltd. share price target

EBITDA margins (at 9.5%) expanded 500bps qoq. However, adjusting for onetime provisionofRs300mn(forcostoverruninERPprojectslastquarter),marginsexpanded 110bps. Nevertheless, margins were higher than our expectations of 8.4% due to...

In our view, KPIT Technologies 1QFY16 performance gives reason to be positive on margins. We expect 2 levers to drive margins from 2QFY16 - revenue uptick and utilisation, the latter having 400-500 bps upside potential. We build revenue acceleration of 12.3% in FY17, and model 160 bps margin expansion in FY17E.

QoQ growth). Even in CC terms, USD revenue declined by 0.7% QoQ, implying CC impact of 250bps. INR revenues at Rs 7.6bn declined 2.2% QoQ. The miss during the quarterwaslargelyonaccountofsomechallengesinOracleERP,delayinprojectramp...

Incorporated in 1999, KPIT Technologies is a leading product engineering and IT consulting partner with FY14 revenues of USD 444mn and caters to automotive & transportation (35.3%), manufacturing (15.2%) & Energy & Utilities (39.6%) companies. It operates in three main business segments: Integrated Enterprise Solutions (39.9%), Automotive & Engineering (24.8%), SAP (24.7%) and Business Transformation Unit (10.6%). KPIT derives 16.7% of its revenue from Cummins, its largest client, which also holds stake (10.6%) in the company. The company has 9,296 employees spread across 10 countries to cater services to 195 clients, which include...

Buy at Rs 208.9) and add on dips to Rs 180 - Rs 189 for Target of Rs 240 in 1 quarter

KPIT Technologies (KPIT) is a global leader in providing embedded technologies for automotive segment. Besides this the company provides comprehensive solutions that span the entire manufacturing spectrum right from enterprise resource planning to customer relationship management and support. With a strong workforce of more than 9200 employees the company has operations across the globe and has filed for over 50 patents in the automotive domain. It also provides customized SAP & Oracle solutions to energy & utilities companies. KPIT is arguably the world's largest independent provider of embedded technology for the automotive industry and currently its codes are present in 90% of the...

Background: Incorporated in 1999, KPIT Technologies is a leading product engineering and IT consulting partner with FY14 revenues of USD 444mn and caters to automotive & transportation (35.3%), manufacturing (15.2%) & Energy & Utilities (39.6%) companies. It operates in three main business segments: Integrated Enterprise Solutions (39.9%), Automotive & Engineering (24.8%), SAP (24.7%) and Business Transformation Unit (10.6%). KPIT derives 16.7% of its revenue from Cummins, its largest client, which also holds stake (10.6%) in the company. The company has 9,296 employees spread across 10 countries to cater services to 195...

KPIT technologies (KPIT) company was incorporated on 28th December of the year 1990 as KPIT Infosystems. KPIT is a leading technology solution partner for global manufacturing...

Incorporated in 1999, KPIT Technologies is a leading product engineering and IT consulting partner with FY14 revenues of USD 444mn and caters to automotive & transportation (35.3%), manufacturing (15.2%) & Energy & Utilities (39.6%) companies. It operates in three main business segments: Integrated Enterprise Solutions (39.9%), Automotive & Engineering (24.8%), SAP (24.7%) and Business Transformation Unit (10.6%). KPIT derives 16.7% of its revenue from Cummins, its largest client, which also holds stake (10.6%) in the company. The company has 9,296 employees spread across 10 countries to cater services to 195 clients, which include...

Background: Incorporated in 1999, KPIT Technologies is a leading product engineering and IT consulting partner with FY14 revenues of USD 444mn and caters to automotive & transportation (35.3%), manufacturing (15.2%) & Energy & Utilities (39.6%) companies. It operates in three main business segments: Integrated Enterprise Solutions (39.9%), Automotive & Engineering (24.8%), SAP (24.7%) and Business Transformation Unit (10.6%). KPIT derives 16.7% of its revenue from Cummins, its largest client, which also holds stake (10.6%) in the company. The company has 9,296 employees spread across 10 countries to cater services to 195...