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KPIT Technologies
Ravi Pandit, co-founder and chairman of mobility technology firm KPIT Technologies and a noted industry leader, died here on Friday morning following a brief illness, the company said. He was 75. In a statement, the company said it was "deeply saddened" by the passing of its founder and chairman of the board on May 8. A gold-medallist Chartered Accountant and alumnus of the Sloan School of Management at MIT, USA, Pandit had also chaired Kirtane & Pandit Chartered Accountants (KPCA), a professional services firm, it said. Over a career spanning more than three decades, Pandit played a key role in advancing technology-led mobility solutions and sustainability initiatives in India and abroad, it said. Beyond business, he was associated with several civic, educational and policy institutions. He co-founded organisations such as Pune International Centre and Janwani, supported the Centre for Sustainable Development at the Gokhale Institute of Politics and Economics, and served as ...
KPI Green Energy on Wednesday posted over 49 per cent rise in consolidated net profit to Rs 155.48 crore for the quarter ended March 31, supported by growth in revenues. It had reported a net profit of Rs 104.18 crore in the year-ago period, the company said in an exchange filing. During the fourth quarter, the company's total revenue rose to Rs 810.20 crore from Rs 577.80 crore in the January-March period of the 2024-25 financial year. The board of the company also recommended a final dividend of Re 0.25 per equity share and a special dividend of Re 0.15 per equity share for the financial year 2025-26, subject to approval of the shareholders at its ensuing annual general meeting. Shares of the company were trading up 5.08 per cent at Rs 479 apiece in afternoon trade on the BSE.
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