KPIT Q3FY2025 Performance Overview

18.1%
Reported $ Revenue growth
Y-o-Y
Revenue

Revenue growth 17.4% in CC and 18.1% in $, Y-o-Y Growth led by Powertrain and Connected

₹ 1,870 M
Q3FY25
Net Profit
Net Profit

Q3FY25 Net Profit at ₹ 1,870 M, 20.4% Y-o-Y growth, YTDQ3FY25 PAT growth 38%

20.8%
EBITDA growth of
Y-o-Y
EBITDA

Q3FY25 EBITDA at 21.1% Y-o-Y EBITDA growth of 20.8%

$ 236M
worth engagements closed in the quarter
Wins and Pipeline

$ 236M worth engagements closed in the quarter, Interim Dividend of ₹ 2.50 per share

Performance Highlights

Growth in Tech Domains

Q-o-Q CC growth of 2.0% and reported $ growth of 1.7%. Growth led by Asia and Passenger Cars.

EBITDA Growth and Margins

EBITDA margins stood at 21.1% as compared to 20.8% last quarter, mainly due to productivity improvement, revenue mix and fixed cost leverage.

Foreign Currency Impact

The INR appreciated against Euro and Yen (~ 60% of revenue) and depreciated against USD (~27% of revenue) resulting in lower INR revenues.

Quarterly Cash Update

Net Cash Balance at the end of the quarter stood at ₹ 14.2 billion, depicting high cash conversion during the quarter. DSO at the end of the quarter stood at 42 Days.

Management Quotes

The third quarter revenues are in-line with our annual revenue outlook while the operating profit has improved due to revenue mix change and productivity improvement, despite currency headwinds. Thus, we increase our annual EBITDA Margin outlook to 21%+ from 20.5%+ earlier. We are investing in AI technologies fine-tuned with automotive-specific data. Our AI philosophy is rooted in developing human-centric, innovative, safe, and responsible AI solutions that drive value creation for our clients. We will leverage these AI investments to augment our talent pool, while creating new opportunities for future growth. Our leadership and strength of relationship with our T25 clients is demonstrated by higher deal closures, efficient cash conversion and robust build-up in the pipeline.

Kishor Patil

Co-founder, CEO and MD, KPIT

We have been developing new sub-verticals viz Trucks and Off-highway. There are sizable opportunities through these investments, and they are now contributing to building our pipeline across the geographies. These will contribute to our growth from the second half of the next financial year. There are new relationships being explored and built with the Passenger Car and Truck makers in China and Rest of Europe outside Germany. In terms of our new offerings, there is greater interest from our T25 clients in the areas of vehicle cost reduction, cyber security and data-oriented services. Our attrition remains at all-time low levels and our leadership development programs are in full swing to further enhance our continued growth.

Sachin Tikekar

President and Joint MD, KPIT

New Engagements

Strong Wins - TCV of new engagements won during Q3FY25 : $ 236 million

A Leading European Car Manufacturer selected KPIT for a strategic engagement in the autonomous driving domain.
Strategic engagements in the electric powertrain and architecture domains for a leading European Car Manufacturer.
Crucial engagements in the vehicle diagnostics and mechatronics domains with a leading American Commercial Vehicle OEM.
Strategic engagements in the connected, autonomous and body electronics domains with a leading Asian Car OEM.
Key Engagements in autonomous and connected domains along with joint go-to-market for a leading American Semiconductor Company.

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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