FY2022 Revenue growth outlook increased to 18% - 20% FY2022 EBITDA margin outlook raised to 17.5+%
Q2FY22 EBITDA at 17.6% as compared to 17.3% last quarter post full quarter impact of wage hikes
Net Profit for the quarter at ₹ 651 million as against ₹ 602 million last quarter, Y-o-Y growth of 134%, Q-o-Q, 8.1%
Q2FY22 reported revenue at USD 80.36 million, a CC growth of 4.8% Q-o-Q
Sequential CC growth of 4.8% across commercial vehicles and passenger cars verticals, broad based within geographies. Electric Powertrain and Diagnostics practices led the growth during the quarter
EBITDA expansion despite full quarter impact of wage hikes and fresher addition. Improvement in per person productivity, reduction in sub-contractor costs, pyramid improvement & revenue growth helped expand margins
Sequential net profit growth aided by higher operating margins, in-line depreciation and higher yield on cash though the other income was lower due to unfavorable currency movements
High cash conversion continued post dividend payout, with DSO further reduced by 2 days to 48 days. 11th consecutive quarter of increase in net cash
We are witnessing a robust demand environment resulting in strong order inflow and pipeline. With improved business visibility, we have increased our revenue and profit outlook for the year. Our strategic partnership with ZF will improve our positioning and further cater to the upcoming high spend areas of mobility companies. Q2FY22 was the fifth sequential quarter of margin expansion, despite higher-than-average increments during the quarter. We will continue to focus on productivity improvement, people retention and development and strengthening of front-end to enable us improve our overall performance on an ongoing basis
Co founder, CEO and MD, KPIT
While we are improving our operating performance every quarter, we continue to build upon our strategic initiatives of Platforms & Practices, Zero Defect Deliveries, Best Place to Grow and T25 Strategic Relationships. Through the CTO organization, we are continually strengthening our Practices with the right Platforms, Tools and Accelerators. We have increased coverage of Culture of Excellence Trainings and Individual Development Plans, building on the Best Place to Grow. We have made client facing investments and have deployed afresh, a Client Engagement Framework to further strengthen our strategic client relationships. We are excited about helping our clients accelerate their journey towards a cleaner, safer and smarter world
President and Whole time Director, KPIT
The engagements pans over 5 years of software development and integration work. This will be followed by software maintenance. The total deal value is expected to be USD 52 million.
In the journey towards software-defined vehicles, the value KPIT will deliver in these programs become significant.
KPIT has been selected as a next gen software development and integration partner for the control unit of a new e-powertrain component, function development and software testing of all power electronics components of next gen Invertor, On-board Charger and Battery Management Systems (BMS).
A leading European Car Manufacturer selected KPIT for multiple strategic engagements in the Electric Powertrain domain
A leading European Car Manufacturer selected KPIT for a strategic program in the Autonomous Driving domain
A leading American Car Manufacturer selected KPIT for multiple engagements in the electric and conventional powertrain areas
A leading Asian OEM selected KPIT for a key engagement in the Autonomous Driving domain
A leading Asian Cab Aggregator selected KPIT for a program in the Digital Connected Solutions domain
Addresses major gap in availability of a mature, modular, integrated middleware solution that allows mobility OEMs to manage the continual increase in software complexity while retaining full control of architecture.
The joint development will create an open and scalable platform which can be used across OEMs and mobility customers
FMS is exclusively focused on the mobility industry. FMS is engaged in Software and Feature Development in Autonomous Driving, ADAS & Vehicle Safety and Integration & Validation. FMS will add certain unique proprietary offerings in the autonomous driving domain
KPIT will acquire the balance 75% shareholding over a period of three years with majority shareholding expected to be acquired in the last quarter of Financial Year 2022-23
Revenues from FMS will not be consolidated into KPIT till the majority stake is acquired.
Plot Number-17,
Rajiv Gandhi Infotech Park,
MIDC-SEZ, Phase-III,
Hinjawadi, Pune – 411057
Phone: +91 20 6770 6000
Frankfurter Ring 105b,80807
Munich, GERMANY
Phone: +49 89 3229 9660
Fax: +49 89 3229 9669 99
