Growth led by Strategic Accounts, Middleware and Architecture, Autonomous and Diagnostics. Technica revenues marginally up as compared to last quarter. Q4FY23 also witnessed strategic new engagement closures.
EBITDA margin expansion of 60 bps for the quarter led by revenue growth and operational efficiencies. Impact of Purchase Price Allocation relating to Technica Acquisition reflected in Depreciation. Deemed Interest on payments related to deferred payouts is reflected in Finance Costs.
Other income for the quarter depicted a loss of ₹ 56 million as compared to a profit of ₹ 210 million in Q3FY23. Q3FY23 income was higher on account of rupee depreciation against the Euro and GBP
Net Cash at quarter end stood at ₹ 5.8 billion post Acquisition payouts of ₹ 682 million (PathPartner and Somit) and Interim Dividend of ₹ 400 million. DSO stood at 54 days. Final Dividend of ₹ 2.65 per share. Total FY23 Dividend of ₹ 4.10 per share
The Mobility Industry is one of the larger contributors to global carbon footprint. Huge investments are being made and planned towards a sustainable future. We are proud to be intensely involved in this over the years and we will be a major technology led contributor towards this transformation. We are committed to achieve our vision of creating a Cleaner, Safer and Smarter world. FY23 was another satisfying year of sustainable growth and margin expansion, and we are excited and confident about our performance going forward.
Co-founder, Chairman
We have consistently delivered eleven sequential quarters of healthy growth in revenues and operating profits. On the back of a solid quarter and year performance and basis recent mega engagements and committed spend on software by our Strategic Clients, we are witnessing robust demand and increased visibility for the next 3-4 years. We are focused on helping our clients create new business models to transform their business. We start FY24 on a strong footing and expect to deliver CC revenue growth of 27%-30% with EBITDA margins between 19%-20%.”.
Co founder, CEO and MD, KPIT
We start FY24 on the back of closure of key strategic, long-term engagements with Q4 wins TCV of $ 423 Million. We will focus on alignment and collaboration of practices to address larger problems of our clients through broader technology solutions. We are committed to building scale through robust competency framework, flawless execution and on-boarding the right talent with higher competency. We will channelize our investments towards creating trusted partnerships with our clients to effect greater value creation, in the coming years”.
President and Joint Managing Director, KPIT
A strategic engagement in middleware development and integration domain for a leading American Car Manufacturer
A strategic engagement in the electric powertrain domain for a leading European Car Manufacturer
Multiple engagements in the vehicle engineering design and connected domains for a leading American Commercial Vehicle Manufacturer
Multiple strategic programs in the connected vehicle domains for a leading Asian Car Manufacturer.
A strategic engagement in the electric powertrain domain for a leading European Car Manufacturer
* Includes TCV of ~ $ 250 Million for strategic engagement with Honda