Q-o-Q CC growth of 4.7% and reported $ growth of 3.7%. Growth led by passenger cars.
EBITDA margins improved to 21.1% post two months of ESOP cost and quarterly promotions, mainly due to fixed cost leverage. Sequential EBITDA growth of 5.6%
Other income was lower as compared to last quarter due to conversion losses Yen denominated assets. ETR was in-line with our annual outlook.
Net Cash Balance at the end of the quarter stood at ₹ 10.01 billion, depicting a net cash addition of ₹ 1.50 billion. DSO at the end of the quarter stood at 46 Days.
We have started the year on a positive note with an all-round robust performance. While the mobility industry is going through certain pressures on the demand and profitability fronts, we are proactively investing in creating relevant large, differentiated offerings to support our clients reduce their costs and time-to-market. We are also investing in adjacencies and newer geographical markets. We expect creation of meaningful growth opportunities via both these investments and continue with the growth momentum, paving way for a fair demand visibility in the medium term.
Co-founder, CEO and MD, KPIT
Our attention remains on making Software Defined Vehicles (SDV) a reality for our clients, so that they realize its benefits. We are working on productivity and competency improvement aided by AI, to improve our competitiveness and offer differentiated offerings to clients. The attrition numbers continue to drop further, justifying our continual investments in overall people development. Sustainability, in line with our Vision of ‘a cleaner, safer and smarter world’ is one of the prime key result areas for us. We are anchoring our goals on Science Based Targets (SBTs) towards carbon neutral footprint of our own.
President and Joint MD, KPIT
A Leading European Car Manufacturer selected KPIT for a significant engagement in the connected vehicle domain.
Strategic engagements in the autonomous, connected and powertrain domains for a leading European Car Manufacturer.
Crucial engagements in the middleware and architecture domains with a leading American Car Manufacturer.
Strategic engagements in the connected, middleware and architecture domains with a leading Asian Car Manufacturer.
Key Engagements in powertrain and connected domains for a leading American Commercial Vehicle OEM.