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Despite chip shortages, our clients haven't cut tech spend: KPIT Tech chief

In a Q&A, Kishor Patil, CEO and MD of the firm, also dwells on attrition and his company's initiatives to arrest it

Neha Alawadhi New Delhi

Premium

CEO and MD KPIT Technologies Kishore Patil

3 min read Last Updated : Nov 05 2021 | 12:13 AM IST

KPIT Technologies, which provides software to automotive companies, on Monday reported a consolidated net profit that more than doubled to Rs 65.1 crore for the quarter ended September 2021. Its revenue from operations stood at Rs 590.8 crore for the quarter under review, as compared to Rs 485.4 crore in the July-September 2020 period. In an interaction with Neha Alawadhi post earnings, Kishor Patil, CEO and Managing Director spoke about the chip shortage, impact on the and the way forward. Edited excerpts:

How do you see the demand environment?

The revenue on a year-on-year basis has grown 23 per cent. The EBITDA percentage, as compared to last year, there is 2.6 per cent increase from last quarter. In spite of increments, special incentives which we have rolled out, profitability has still gone up 17.6 per cent. We have also announced some strategic engagements, which shows the demand environment.