KPIT Tech Q4 Results: Stock falls 4% after margins narrow on higher expenses; Guidance awaited
Shares of KPIT Technologies Ltd. fell over 4% on Wednesday, May 6, in response to its quarterly results for the January-March period. KPIT Tech’s EBITDA margin for the quarter narrowed by 60 basis points to 18.8% from 19.4% in the previous quarter. The company saw an increase in employee benefit expenses during the quarter, which…
