KPIT posts strong FY24 numbers, to add new verticals and expand in Asia
KPIT Technologies, focused on automative and mobility software services, has reported a 47.2% year-on-year rise in net profit (attributable to shareholders) at Rs 164.4 crore for the fourth quarter ending March 2024.
The Pune-headquartered firm’s profit a year ago stood at Rs 111.6 crore in Q4FY23 and at Rs 155.3 crore in the preceding quarter.
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Offering CollegeCourseWebsiteIIM KozhikodeIIMK Advanced Data Science For ManagersVisitIndian School of BusinessISB Professional Certificate in Product ManagementVisitMITMIT Technology Leadership and InnovationVisitDuring the quarter, its revenue from operations also increased 29% YoY to Rs 13,178 crore from Rs 10,173.7 crore posted in the same period last year.
“We have consistently delivered 15 sequential quarters of healthy growth in revenues and operating profits…Global OEMs are pledged to changing their business model. Basis committed investments by our strategic clients, a strong pipeline and solid wins of $261 million in Q4, we continue to witness robust demand,” said Kishor Patil, cofounder, CEO and MD at KPIT.
Patil also pointed out that the company has growth at an average of 30% in the last four years.
For FY25, the company expects revenue growth to be in the 18-22% range and EBITDA margin to be at 20.5%. EBIDTA margin for Q4 increased to 20.7%, up from 19.1% a year ago and 20.6% in the December quarter.
“The guidance is after absorbing Rs 100 crore investment through ESOPs and long term investments. Our
