KPIT Q3FY22 USD Revenue grows 20% Y-o-Y. Y-o-Y Net Profit growth of 67.6%

Pune, India | 1st Feb 2022 | NSE: KPITTECH BSE: 542651: KPIT, a leading independent software development and integration partner to the automotive and mobility industry announced financial results for Q3 FY 2021-22 today.

KPIT Q3FY22 USD Revenue grows 20% Y-o-Y. Y-o-Y Net Profit growth of 67.6%

Q3 FY22 performance overview

  • Q3FY22 CC Revenue growth of 21.2% Y-o-Y, 5.6% Q-o-Q. Q3FY22 EBITDA at 18.5% as against 17.6% last quarter
  • Net Profit for the quarter at ₹ 700 million as against ₹ 651 million last quarter, Q-o-Q growth of 7.5%
  • Net Cash as at quarter-end crosses the ₹ 10 billion mark. Interim Dividend of ₹ 1.25 per share
  • Annual EBITDA outlook raised, Yearly EBITDA to be around 18%

Q3 FY22 performance highlights

  • Sequential CC growth of 5.6% led by Electric Powertrain and Autosar. During the last 4 quarters, offshoring has increased and thus the volume growth is proportionately higher. Q3 was a good quarter in terms of deal closures.
  • EBITDA expansion of 86 bps post mid-term corrections, quarterly promotions and fresher addition. Improvement in revenue mix with increase in fixed price projects and offshoring.
  • Sequential net profit growth mainly aided by higher operating margins. Other income lower due to adverse currency movements.
  • High cash conversion continued post acquisition and variable incentive payouts, with DSO maintained at 48 days. Cash Balance at quarter end crosses ₹ 10 billion. 12 consecutive quarter of increase in net cash.

Commenting on the performance of Q3 FY22 results

KPIT联合创始人、首席执行官兼董事总经理Kishor Patil表示:, “The demand environment in the Mobility Industry continues to be robust, especially in the newer technology areas led by electrification, autonomous, connected and architecture changes. Our strategic clients have a medium-term roadmap of sustained investments in these areas, giving us a healthy growth visibility for the next 4-5 years. We are forming the right partnerships within the ecosystem to accelerate our journey towards achieving our Vision. The growth during the quarter was in line with our expectations and we continue to deliver on margin improvement and cash conversion relentlessly. As we enter the last quarter of the financial year, we are confident of delivering on the higher end of our revised yearly outlook and begin the next year on a strong footing.”

KPIT总裁兼全职董事Sachin Tikekar表示:, “Guided by our Vision, we carry on to work ceaselessly on our Mission, leaning on the four pillars of Strategic Clients, Platforms and Practices, Zero Defect Delivery and Best Place to Grow. In line with the industry, employee turnover has been higher during the last 3-4 months. We expect the same to stabilize over the coming quarters. We are focusing on internal growth paths for our people and aggressively hiring talent, including freshers. Our engagements with strategic clients are increasingly becoming more relevant and value accretive towards our clients’ transformation journey. We continue to invest towards strengthening our solutions and client facing organizations. With these, we are poised for sustainable growth in coming years. ”

Other highlights

  • KPIT, dSPACE, and Microsoft team up to offer a solution for homologation of autonomous vehicles.
  • KPIT wins ‘Transformation Initiative in Treasury Management’ Award.

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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