Explore Business Standard
KPIT Technologies
Auto industry-focused KPIT Technologies on Monday reported a 17 per cent decline in its net profit to Rs 169.08 crore for the September quarter. The Pune-headquartered company had posted a profit of Rs 203.7 crore in the year-ago period, according to a regulatory filing. The company's revenue from operations increased by 7.9 per cent to Rs 1,587.71 crore in Q2 FY26, as compared to Rs 1,471.41 crore in Q2 FY25. Seen quarter-over-quarter, profit saw a dip of 1.6 per cent while revenue rose by 3.18 per cent. "Our strategic investments, such as the Caresoft Engineering Solutions Business acquisition closure in Q2 and the stake increase in NDream coupled with the investment in helm.ai in Q3, are strengthening our foundation and expanding our capabilities, Kishor Patil, Co-founder, CEO and MD, KPIT, said. The company's TCV (total contract value) for new deals won during the quarter under review stood at USD 232 million. KPIT Technologies added 334 employees during the quarter, bringing
Automobile-industry focused KPIT Technologies on Monday reported a 48.9 per cent increase in consolidated net profit at Rs 244.7 crore in the March quarter. It had logged a net profit of Rs 164.3 crore in the year-ago period, according to a regulatory filing. Revenue rose 15.9 per cent to Rs 1,528.3 crore during the quarter against Rs 1,317.8 crore a year ago. Sequentially, profit and revenue climbed 30.9 per cent and 3.4 per cent, respectively. "We have consistently delivered 19 sequential quarters of growth in revenues and operating profits. China's mobility ecosystem has challenged global OEMs (original equipment manufacturers) on the alteration of paradigms in speed, cost and innovation in vehicle development. We have made investments in leadership training, mobility-specific AI solutions, automation, platforms, tools & accelerators and new markets. "On the back of strong deal wins for strategic engagements, coupled with potential acquisition of specialized companies, we are .
KPIT Technologies on Wednesday posted a 20.4 per cent rise in consolidated net profit to Rs 187 crore for the third quarter of FY25, mainly driven by a 17.4 per cent topline growth. The company cheered markets as it guided for a higher annual EBITDA margin outlook to over 21 per cent from 20.5 per cent plus earlier. Its revenue from operations rose 17.5 per cent to about Rs 1478 crore from Rs 1257 crore in the year-ago period. KPIT Technologies positions itself as a global partner to the automotive and mobility ecosystem for making software-defined vehicles a reality. The profit (attributable to owners of the company) stood at Rs 187 crore in Q3 FY25, growing at 20.4 per cent year-on-year. It has maintained a constant currency revenue growth outlook of 18 per cent to 22 per cent range. Kishor Patil, Co-founder, CEO and MD, KPIT, said the third quarter revenues were in line with the annual revenue outlook, while the operating profit has improved due to revenue mix change and ...
Auto industry-focused KPIT Technologies on Monday reported a 52 per cent jump in its net profit to Rs 204.2 crore for the March 2024 quarter on higher revenue growth and profit margins. The Pune-headquartered company had posted a post-tax net of Rs 134 crore in the year-ago period. Its revenue from operations grew 24 per cent to Rs 1,364.6 crore from Rs 1,097.6 crore in the year-ago period, and its co-founder, chief executive and managing director Kishor Patil also sounded more certain about the guidance for the fiscal. He said the company is now aiming for a 19-22 per cent growth in the top line against the earlier expectation of 18-22 per cent announced earlier. Patil, however, maintained the operating profit margin guidance at 20.5 per cent even though the company was able to widen the number to 21.1 per cent during the reporting quarter against 20.7 per cent in the March quarter and 20 per cent in the year-ago period. He said even though the growth rate for EV sales has slowed
Auto industry-focused KPIT Technologies on Monday reported a 49 pc jump in March quarter net profit to Rs 165.9 crore, helped by a strong revenue growth and widening of profit margins. The Pune-headquartered company's FY24 net profit grew to Rs 598.51 crore from Rs 386.8 crore in the year-ago period. For the reporting quarter, its revenues rose nearly 30 per cent to Rs 1,317.8 crore, while the operating profit margin widened 1.7 per cent to 20.7 per cent. The company announced that it will aim for an 18-22 per cent growth in the topline in the new fiscal, and will get the profit margin number above 20.5 per cent. About the slower revenue growth target for FY25, and if the company is being conservative, its Co-Founder, Chief Executive and Managing Director Kishor Patil told reporters that while it has been consistently showing growth of over 30 per cent in the last four years, it is also true that many changes are happening in the sector and it has taken a "pragmatic" call on the .
KPIT Technologies on Tuesday reported a 50 per cent rise in net profit at Rs 156.75 crore in the December quarter of this fiscal, helped by a surge in topline and widening of profit margins. The Pune-headquartered company, focused on the automotive sector, had recorded a profit after tax of Rs 104.05 crore in the year-ago period and Rs 141.4 crore in the preceding September quarter, KPIT Technologies said in a regulatory filing. Its revenues grew to Rs 1,256.96 crore from the year-ago period's Rs 917.11 crore, and Rs 1,199 crore in the quarter-ago period. The operating profit margin widened to 20.6 per cent from the year-ago period's 18.5 per cent, which helped in the growth of the overall profits. Co-founder, chief executive and managing director Kishor Patil said the company is on target to achieve the guidance of the revenues growing at 37 per cent in the fiscal on a constant currency basis and will do better than the 20 per cent operating profit growth guidance. He said the de
In a country-first, KPIT Technologies unveiled sodium-ion battery technology on Tuesday. The technology, developed in-house by researchers at the city-based company over the last eight years, will be put through external testing, and deliver revenues after a year, its co-founder and chairman Ravi Pandit told reporters here. He said some revenues will come from the testing phase as well, but the core licensing fees which will accrue from the technology will start in a year. KPIT's core business of providing software-based solutions to the auto industry will continue to be the revenue mainstay even in the future, Pandit said. He said the company hired electrochemists for the project, which is a departure from employing software engineers that has been the norm for them. It tested a slew of chemistries before narrowing down on the more widely available sodium, Pandit said, adding that the use of the compound also delivers other advantages. These include the ability to charge a vehicl