KPIT Quarterly Update – Q3 FY 2019-20 results, Our leaders (Mr. Kishor Patil and Mr. Sachin Tikekar) Comments on the results

KPIT Q3FY20 Profit grows 19.3% sequentially Interim Dividend of Rs. 0.55 per share

• YTD Q3FY20 Y-o-Y comparable revenue growth of 15.5% in CC terms
• Q3FY20 Y-o-Y comparable revenue growth of 10.6% in CC terms
• Q3FY20 annualized EPS of ₹6.25
• Net Cash as at Q3FY20 end stood at ₹2,584 Million

Here is a commentary from our leaders on the results:

Kishor Patil, Co-founder, CEO and MD, KPIT said ,”The automotive and mobility sector is investing in upcoming technologies, despite falling vehicle sales. Riding on this, we have demonstrated a strong YTD Q3FY20 CC growth of 15.5% and a consistent improvement in Net Cash position. In line with our intent to increase dividend payout, we have declared an interim dividend of Rs. 0.55 per share. We are assertive of growth and consistent profitability improvement, going forward”

Sachin Tikekar, President and Whole-time Director, KPIT said, ” We continue to have deeper engagements with auto OEMs and Tier 1s. We have added a couple of strategic customers to our target T25 customer base. Our clients are partnering with us for long term mutually rewarding technology engagements. We have substantially increased the opportunities, bolstered by some  sizable deals, which gives us the confidence of good profitable growth in the coming quarters”

KPIT’s Q3 FY 2019-20 Results Download Here

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