Q1 FY 20-21 performance overview:
KPIT Q1FY21 USD revenue at USD 65.25 Million, a Y-o-Y decline of 9.1% in constant currency terms
Kishor Patil, Co-founder, CEO and MD, KPIT
said, “The performance of this quarter is in line with our expectations in the face of the global pandemic. The mobility industry is stabilizing, and we are witnessing increased interest from our strategic clients with prioritizing of investments in Electric Powertrain, Autonomous Driving and Digital Cockpit. We have closed two large deals in consecutive quarters now and remain optimistic about growth and gradual improvement in other operating parameters in H2FY21 and beyond.”
Sachin Tikekar, President and Whole-time Director, KPIT
said, “Our priority during the last quarter was to keep the well-being of our employees in the center, uphold all our commitments to our clients and to remain liquid to get through the difficult spell. We did a tremendous job on all the three; thanks to the unwavering commitment of our employees and great support from our clients. We continue to invest in our practices to do more with less for our clients as they tread their way through the global pandemic.”
KPIT Q1FY21 Results Download Here
MEDIA CONTACTS
Mohit Kochar
Global Head , Marketing | mohit.kochar@kpit.com
Sunil Ravish
Director , Marketing | Media Relations | sunil.r@kpit.com
Reema Kumari
Team Gutenberg | reema@thegutenberg.com
INVESTOR RELATIONS
Sunil Phansalkar
Head, Investor Relations | sunil.phansalkar@kpit.com