KPIT Technologies Q4 PAT up 50% to INR 79 crore, Auto News, ET Auto

The company had reported a PAT of INR 52.4 crore in the corresponding quarter of FY21.

Its revenue from operations during Q4 FY22 was at INR 651.7 crore compared to INR 540.3 crore in Q4 FY21.

The company has grown its headcount to 8,245 people by the end of Q4 FY22, while it was at 6,366 people during Q4 FY21.

For the financial year FY22, the company’s PAT was at INR 274.2 crore as against INR 146.1 crore in FY21.

Its revenue from operations for the fiscal year ended March 31, 2022 was at INR 2432.3 crore compared to INR 2035.7 crore in the previous fiscal.

Commenting on the performance of FY22, Ravi Pandit, Co-founder and Chairman, KPIT, said, “The transformation in the Mobility Industry is pointing towards Software-Defined Vehicles, aiming for a larger goal of sustainability for all. We have been working in these areas for over 2 decades and will be a major contributor towards this transformation with our expertise and dependability.”

Kishor Patil, Co-founder, CEO and MD, KPIT, said, “We have delivered seven sequential quarters of healthy growth and steady margin expansion. The Mobility Industry is investing heavily in CASE and architectural changes to make Software-Defined Vehicle a reality. We are witnessing elevated interests from clients to engage in these areas. This gives us great visibility of robust demand for the next 4-5 years.”

“On the back of this, we expect to deliver CC growth of 18%-21% in FY23 with EBITDA margins between 18%-19%. FY23 volume growth is expected to be ~25%,” he said.

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For the year ended March 31, 2022, the company posted a consolidated net profit of INR 461.83 crore compared to INR 362.71 crore in 2020-21, the company said.

For the overall FY22, the company’s sales rose 63.37% to INR 892.86 crore as against INR 546.54 crore during the financial year ended March 31, 2021. Its net profit rose 134.01% to INR 124.33 crore in FY22 as against INR 53.13 crore in FY21.

The company had reported a PAT of INR 52.4 crore in the corresponding quarter of FY21.

Its revenue from operations during Q4 FY22 was at INR 651.7 crore compared to INR 540.3 crore in Q4 FY21.

The company has grown its headcount to 8,245 people by the end of Q4 FY22, while it was at 6,366 people during Q4 FY21.

For the financial year FY22, the company’s PAT was at INR 274.2 crore as against INR 146.1 crore in FY21.

Its revenue from operations for the fiscal year ended March 31, 2022 was at INR 2432.3 crore compared to INR 2035.7 crore in the previous fiscal.

Commenting on the performance of FY22, Ravi Pandit, Co-founder and Chairman, KPIT, said, “The transformation in the Mobility Industry is pointing towards Software-Defined Vehicles, aiming for a larger goal of sustainability for all. We have been working in these areas for over 2 decades and will be a major contributor towards this transformation with our expertise and dependability.”

Kishor Patil, Co-founder, CEO and MD, KPIT, said, “We have delivered seven sequential quarters of healthy growth and steady margin expansion. The Mobility Industry is investing heavily in CASE and architectural changes to make Software-Defined Vehicle a reality. We are witnessing elevated interests from clients to engage in these areas. This gives us great visibility of robust demand for the next 4-5 years.”

“On the back of this, we expect to deliver CC growth of 18%-21% in FY23 with EBITDA margins between 18%-19%. FY23 volume growth is expected to be ~25%,” he said.

Also Read:

For the year ended March 31, 2022, the company posted a consolidated net profit of INR 461.83 crore compared to INR 362.71 crore in 2020-21, the company said.

For the overall FY22, the company’s sales rose 63.37% to INR 892.86 crore as against INR 546.54 crore during the financial year ended March 31, 2021. Its net profit rose 134.01% to INR 124.33 crore in FY22 as against INR 53.13 crore in FY21.