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KPIT clocks Q2 FY25 CC revenue growth of 20.1% YoY and PAT growth of 44.7% YoY marking 17th consecutive growth quarter
KPIT Q2FY2025 Performance Overview
19.3%
Reported $ Revenue growth
Y-o-Y
Revenue
Growth led by Middleware and Powertrain
27.7%
EBITDA growth of
Y-o-Y
EBITDA
Q2FY25 EBITDA at 20.8%
₹ 2,037 M
Q2FY25
Net Profit
Net Profit
44.7% (incl one-time gain) growth in profit Y-o-Y
$ 207M
worth engagements closed in the quarter
Wins and Pipeline
Healthy Pipeline level across practices
Performance Highlights
Growth in Tech Domains
Q-o-Q CC growth of 4.7% and reported $ growth of 5.0%. Growth led by Asia and Passenger Cars.
EBITDA Growth and Margins
EBITDA margins stood at 20.8% despite full quarter impact of wage hikes and one-month additional ESOP cost, mainly due to productivity improvement and fixed cost leverage.
Foreign Currency Impact
Other income was lower as compared to last quarter due to conversion losses on Euro and Yen denominated assets and liabilities. ETR was in-line with our annual outlook.
Quarterly Cash Update
Net Cash Balance at the end of the quarter stood at ₹ 9.68 billion, post M&A related payouts and dividend payout. DSO at the end of the quarter stood at 45 Days.
Management Quotes
We are happy to have delivered yet another quarter of well-balanced growth. The Mobility Industry, specifically the Automotive sub vertical, has been under pressure to keep up with the changing regulations, reduce cost of vehicles and meet demands of the ever-changing consumer preferences in recent times. We continue to prioritize investments in technology and markets ahead of demand to help our T25 clients stay on the cutting edge of technology and competitiveness, basis which, we reiterate our revenue growth and profitability outlook for the full year. We have taken an enabling board resolution for fund-raising in view of some of the strategic opportunities that are on the horizon. The actual fund raise will happen only when some of these potential prospects are in advanced stages of discussion.
Kishor Patil
Co-founder, CEO and MD, KPIT
In anticipation of changes in the Mobility Industry, we have doubled down our efforts to help our T25 clients reduce the cost of their vehicles and cut the time to market in the areas of software and system integration. Our investments in Trucks and Off-Highway sub-verticals are on track to expand market opportunities for us in the mid-term. The efforts on broad-basing growth within our T25 clients are showing promising results. Overall, we have had robust wins during the quarter. Our attrition remains at the lowest level for us, while we commit to further investments in competency and leadership development. We are reaching all milestones concerning the goals set up towards Sustainability, in line with our Vision of making Mobility cleaner, safer and smarter.
Sachin Tikekar
President and Joint MD, KPIT
New Engagements
Strong Wins - TCV of new engagements won during Q2FY25 : $ 207 million
A Leading European Car Manufacturer selected KPIT for multiple strategic engagements in the autonomous, middleware and diagnostics domains.
Strategic engagements in the electric powertrain and connected domains for a leading American Car Manufacturer.
Crucial engagements in the body electronics connected and electric powertrain domains with a leading European Car Manufacturer.
Strategic engagements in the connected, middleware and powertrain domains with a leading American Commercial Vehicle OEM.
Key Engagements in autonomous and powertrain domains for a leading Asian Car Manufacturer.
Frequently Asked Questions
When was KPIT incorporated?
Since last 25 years, KPIT Technologies has been working with mobility and automotive companies, providing technology solutions for making mobility cleaner, smarter and safer. In Jan-2018, KPIT announced a restructure to merge with Birlasoft and then demerge to focus only the Mobility and the Automotive sector. This entity was hence incorporated as a public limited company on 8th January, 2018 under the Companies Act, 2013. On March 13, 2019, name of the company changed from “KPIT Engineering Limited” to “KPIT Technologies Limited”.
Where is KPIT's registered office located?
The registered office of the company is located at: Plot No. 17, Rajiv Gandhi Infotech Park Phase III, MIDC - SEZ, Hinjawadi Pune - 411 057, India Tel: +91 20 6770 6000
Who are the founder members of the company?
The founder members of KPIT are Mr. Ravi Pandit and Mr. Kishor Patil
What is the vision & mission statement of the company?
Reimagining mobility with you for creation of a cleaner, smarter & safer world
What are the areas of operations of the company?
KPIT specializes in embedded software, AI & digital solutions for the automotive and mobility industry enabling its customers accelerate implementation of next generation mobility technologies.
How many software development centers does KPIT have?
KPIT has software development centers located in Pune, Bangalore, Mumbai, Noida, Chennai (India), Munich (Germany), Raleigh (US) and Folsom (US). We have 31 global offices across 16 countries.
When did the company have its IPO and at what price?
The Company is in the process of filing the listing application with stock exchanges. This section will be available for investors once the Company is listed with the stock exchanges.
What is the name & address of the compliance officer of the company?
Ms. Nida Deshpande is the Compliance Officer/Company Secretary of KPIT.
Whom do I contact in case of non-receipt of dividend, loss of share certificates, etc.?
Please contact the Company Secretary on the above-mentioned address
I want to know more about KPIT and its operations.
You can get in touch with Mr. Sunil Phansalkar from the investor relations team at sunil.phansalkar@kpit.com
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