KPIT Technologies’ shares went up in early trade on Tuesday after the company announced the acquisition of Caresoft Global’s Engineering Solutions Business. This deal is expected to help KPIT offer better cost-saving and engineering solutions, especially for trucks, off-highway vehicles, and mobility companies.
This acquisition will strengthen KPIT’s position in the commercial vehicle market by using Caresoft’s deep industry connections and expertise in trucks and off-highway vehicles. It will also support KPIT’s expansion into the Chinese market. Additionally, the deal will help KPIT offer cost reduction and manufacturing engineering services for cars, trucks, and off-highway vehicles.
Kishor Patil, Co-founder, CEO & MD of KPIT Technologies, said, “We are building deeper relationships with truck and off-highway makers and are expanding into China. Vehicle manufacturers want partners who can offer faster and more cost-efficient solutions by integrating software, hardware, and manufacturing. Caresoft’s strong skills make this partnership valuable for the mobility industry.”
Read More, Coforge Q4 FY25 Results: Net Profit Grows 17% YoY, Declares ₹19 Dividend.
On Tuesday, KPIT share price rose 1% to hit an intraday high of ₹1,270, compared to the previous close of ₹1,257.80 on BSE. Around 0.30 lakh shares were traded, with a turnover of ₹3.82 crore. The company’s market cap stood at ₹34,716 crore.
Though the stock is up 11.18% in the past month, it has dropped 17% over the past year and is down 15.50% since the start of this year. It is currently trading above its 5, 10, 20, 30, and 50-day moving averages but below its 100, 150, and 200-day averages.
KPIT reported a 48.84% year-on-year increase in consolidated net profit for Q4 FY25. Net profit rose to ₹244.7 crore, up from ₹164.4 crore in the same quarter last year. Revenue from operations also grew by 15.97% to ₹1,528.3 crore, compared to ₹1,317.8 crore a year ago. Total expenses rose by 14.70% to ₹1,272.5 crore.
The board has also recommended a final dividend of ₹6 per equity share for FY 2024-25.
KPIT Technologies offers engineering, research, and development services focused on the automotive and mobility sectors. The company specialises in solutions for software-defined vehicles.
The acquisition of Caresoft’s engineering business marks a strategic move for KPIT Technologies, strengthening its presence in commercial vehicles and accelerating its global expansion, especially in China. With strong Q4 FY25 results and renewed investor interest, KPIT appears poised for sustained growth in the evolving automotive tech space.
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Published on: May 6, 2025, 12:48 PM IST
Kusum Kumari
Kusum Kumari is a Content Writer with 4 years of experience in simplifying financial market concepts. Currently crafting insightful content at Angel One, She specialise in breaking down complex topics into easy-to-understand pieces, blending expertise in market fundamentals and technical analysis.
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