Pune, India | 28th April 2021 | NSE: KPITTECH BSE: 542651: KPIT, a leading independent software development and integration partner to the automotive and mobility industry announced financial results for Q4 FY 2020-21 today.
KPIT reported USD Revenue growth of 6.8% sequentially and net profit growth of 11.9% sequentially in Q4 FY2020-21.
Q4 FY21 performance overview
Q4 FY21 performance Highlights
Commenting on the performance of FY21, Ravi Pandit, Co-founder and Chairman, KPIT said,” FY21 was a challenging year in many ways and I am happy on the way we have emerged stronger. The mobility industry is embracing new engineering technologies with open arms and KPIT is proud to be at the forefront of these adaptions. KPIT’s leading positioning in this technology-led transformation gives us good business visibility over the next 4-5 years”.
Kishor Patil, Co-founder, CEO and MD, KPIT said,” We have delivered consecutive quarters of good growth and margin expansion. KPIT teams, globally, have done an exceptional job on delivering these numbers. We are assertive of the growth trajectory and feel fairly confident of delivering double digit growth in FY22. We continue to focus on people development, operational efficiency and productivity improvement”.
Sachin Tikekar, President and Whole-time Director, KPIT said,” During the year our focus was on upholding commitments to our clients and keeping our employees safe. We continue to deepen our strategic client engagements and focus on further enhancing our practices with relevant technology investments to make our clients successful in their technology roadmaps. Longer strategic client engagements give us good growth visibility for the medium term”.
Investor Update Q4 FY2020-21 – Download Here – https://www.kpit.com/investors/#policies-reports-filings
KPIT is a global technology company with software solutions that will help mobility leapfrog towards autonomous, clean, smart and connected future. With 6000+ Automobelievers across the globe, specializing in embedded software, AI & Digital solutions, KPIT enables customers accelerate implementation of next generation mobility technologies. With development centers in Europe, USA, Japan, China, Thailand and India. KPIT works with leaders in mobility and is present where the ecosystem is transforming.
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