IT Stock Discloses Record Date For Dividend For FY 2022-23, Shares Surge 273% In 2-Yrs

IT software company KPIT Technologies Ltd on Tuesday fixed August 14, 2023 as the record date for dividend. KPIT Technologies shares jumped 51% YTD (year-to-date) and offered return of 100% in last 1-year. It is worth mentioning Life Insurance Corporation Limited has 1.63% stake in KPIT Technologies. Check details below:

KPIT Technologies Sets Record Date For Dividend: The mid cap company set August 14, 2023 as the record date. According to the BSE filing of the company dated July 25, 2023, "Please find below the information in terms of Regulation 42 of the SEBI (LODR) Regulations, 2015 with respect to payment of Final Dividend of Rs. 2.65/- (Rupees two and sixty-five paisa only) (@ 26.5%) per Equity Share of Rs. 10/- each for the Financial Year 2022-23."

KPIT Technologies Dividend History: The company declared 7 dividends since August 20, 2019, according to Trendlyne. If the current market price of KPIT Technologies stock is considered, it offers a dividend yield of 0.31%.

KPIT Technologies Stock Performance & Return: Last trading price of KPIT Technologies share is Rs 1063.75 apiece with intraday gain of 0.68%. Its 52-week high price is Rs 1159.95 per share and 52-week low price is Rs 510.05 apiece. The company has a market capitalisation of Rs 29,115.44 crore. KPIT Technologies shares jumped 50% in last 6-months, soared 100.70% in last 1-year, gained 273% in last 2-years, and gave maximum return of 1470% in last 3-years only.

KPIT Technologies Financial Performance: The company for the quarter ended March 31, 2023 declared its consolidated total income at Rs 1023.63 crore, up 9.11% as compared to its last quarter total income of Rs 938.17 crore. It announced its recent quarter net profit after tax at Rs 111.07 crore.

KPIT Technologies About: KPIT Technologies is a global partner to the automotive and Mobility ecosystem for making software-defined vehicles a reality. It is a leading independent software development and integration partner helping mobility leapfrog towards a clean, smart, and safe future. With 11000+ automobelievers across the globe specializing in embedded software, AI, and digital solutions, KPIT accelerates its clients' implementation of next-generation technologies for the future mobility roadmap, according to its official website.

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