Pune, India | 1英石 Nov 2021 | NSE: KPITTECH BSE: 542651: KPIT, a leading independent software development and integration partner to the automotive and mobility industry announced financial results for Q2 FY 2021-22 today.
KPIT 2022财年第二季度美元营收同比增长23.021万亿美元。上调全年营收和利润预期。
Q2 FY22 performance overview
- 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
Q2 FY22 performance highlights
- 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. 11第 净现金连续季度增长
Commenting on the performance of Q2 FY22 results
基肖尔-帕蒂尔, Co-founder, CEO and MD, KPIT said, ”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”.
萨钦-蒂凯卡, President and Whole-time Director, KPIT said,” 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”.
Other highlights
- KPIT wins a multi-million-dollar strategic engagement from a leading European Car Manufacturer in the Electric Powertrain domain.
- KPIT与ZF达成合作,共同开发业界领先的中间件解决方案
- KPIT and Future Mobility Solutions GmbH (FMS) – KPIT acquired initial 25% equity stake in Future Mobility Solutions GmbH (FMS) 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
关于KPIT:
KPIT是一家领先的独立软件开发和集成合作伙伴,致力于推动出行方式向清洁、智能、安全的未来迈进。KPIT在全球拥有7000名汽车行业专家,专注于嵌入式软件、人工智能和数字化解决方案,助力客户加速部署面向未来的下一代出行技术。KPIT在欧洲、美国、日本、中国、泰国和印度设有工程中心,与汽车和出行领域的领军企业紧密合作,并积极参与行业生态系统的转型变革。.
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媒体联系人:
莫希特·科查尔
全球市场营销主管 | mohit.kochar@www.kpit.com
苏尼尔·拉维什
Director – Marketing | Media Relations | sunil.r@www.kpit.com
Investor Relations:
苏尼尔-范萨尔卡
投资者关系主管 | Sunil.Phansalkar@www.kpit.com
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