KPIT Q2FY22 RESULTS ARE HERE

KPIT Q2FY22 Performance Overview

KPIT Q2FY22 USD Revenue grows 23.02% Y-o-Y
Increases Revenue and Profit outlook for the year

FY2022 Revenue growth outlook increased to 18% - 20% FY2022 EBITDA margin outlook raised to 17.5+%

Q2FY22 EBITDA at 17.6% as compared to 17.3% last quarter post full quarter impact of wage hikes

Net Profit for the quarter at ₹ 651 million as against ₹ 602 million last quarter, Y-o-Y growth of 134%, Q-o-Q, 8.1%

Q2FY22 reported revenue at USD 80.36 million, a CC growth of 4.8% Q-o-Q

Q2FY22 Performance Highlights

Sequential CC growth of 4.8% across commercial vehicles and passenger cars verticals, broad based within geographies. Electric Powertrain and Diagnostics practices led the growth during the quarter

EBITDA expansion despite full quarter impact of wage hikes and fresher addition. Improvement in per person productivity, reduction in sub-contractor costs, pyramid improvement & revenue growth helped expand margins

Sequential net profit growth aided by higher operating margins, in-line depreciation and higher yield on cash though the other income was lower due to unfavorable currency movements

High cash conversion continued post dividend payout, with DSO further reduced by 2 days to 48 days. 11th consecutive quarter of increase in net cash

Management-Zitate

"We are witnessing a robust demand environment resulting in strong order inflow and pipeline. With improved business visibility, we have increased our revenue and profit outlook for the year. Our strategic partnership with ZF will improve our positioning and further cater to the upcoming high spend areas of mobility companies. Q2FY22 was the fifth sequential quarter of margin expansion, despite higher-than-average increments during the quarter. We will continue to focus on productivity improvement, people retention and development and strengthening of front-end to enable us improve our overall performance on an ongoing basis”

Kishor Patil

Mitbegründer, CEO und MD, KPIT

"While we are improving our operating performance every quarter, we continue to build upon our strategic initiatives of Platforms & Practices, Zero Defect Deliveries, Best Place to Grow and T25 Strategic Relationships. Through the CTO organization, we are continually strengthening our Practices with the right Platforms, Tools and Accelerators. We have increased coverage of Culture of Excellence Trainings and Individual Development Plans, building on the Best Place to Grow. We have made client facing investments and have deployed afresh, a Client Engagement Framework to further strengthen our strategic client relationships. We are excited about helping our clients accelerate their journey towards a cleaner, safer and smarter world”

Sachin Tikekar

President and Whole time Director, KPIT

Significant Deal Win

KPIT wins a multi-million-dollar strategic engagement from a leading European Car Manufacturer in the Electric Powertrain domain.
The engagements pans over 5 years of software development and integration work. This will be followed by software maintenance. The total deal value is expected to be USD 52 million.
In the journey towards software-defined vehicles, the value KPIT will deliver in these programs become significant.
KPIT has been selected as a next gen software development and integration partner for the control unit of a new e-powertrain component, function development and software testing of all power electronics components of next gen Invertor, On-board Charger and Battery Management Systems (BMS).

Deal gewinnt

A leading European Car Manufacturer selected KPIT for multiple strategic engagements in the Electric Powertrain domain

A leading European Car Manufacturer selected KPIT for a strategic program in the Autonomous Driving domain

A leading American Car Manufacturer selected KPIT for multiple engagements in the electric and conventional powertrain areas

A leading Asian OEM selected KPIT for a key engagement in the Autonomous Driving domain

A leading Asian Cab Aggregator selected KPIT for a program in the Digital Connected Solutions domain

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KPIT und ZF bilden Entwicklungskooperation für branchenführende Middleware-Lösung

  • Addresses major gap in availability of a mature, modular, integrated middleware solution that allows mobility OEMs to manage the continual increase in software complexity while retaining full control of architecture.
  • The joint development will create an open and scalable platform which can be used across OEMs and mobility customers

Weiterlesen
KPIT acquires initial 25% equity stake in Future Mobility Solutions (FMS)

  • FMS is exclusively focused on the mobility industry. FMS is engaged in Software and Feature Development in Autonomous Driving, ADAS & Vehicle Safety and Integration & Validation. FMS will add certain unique proprietary offerings in the autonomous driving domain
  • KPIT will acquire the balance 75% shareholding over a period of three years with majority shareholding expected to be acquired in the last quarter of Financial Year 2022-23
  • Revenues from FMS will not be consolidated into KPIT till the majority stake is acquired.

Financial and Operational Data

Schnappschuss der Gewinn- und Verlustrechnung

INR MN

EINZELHEITEN Q2FY22 Q1FY22 Q2FY21
Einnahmen aus dem Betrieb 5,908.73 5,673.81 4,854.59
Anderes Einkommen 89.37 99.76 24.52
Gesamteinkünfte 5,998.10 5,773.57 4,879.11
Betriebsaufwand 4,868.14 4,692.65 4,158.04
EBITDA 1,040.59 981.16 696.55
Abschreibungen 290.93 286.46 354.90
EBIT 749.66 694.70 341.65
Finanzkosten 38.56 40.10 43.70
Änderung des FMV von Investitionen 21.39 21.60 0.68
Gewinn vor außergewöhnlichen Posten 821.86 775.96 323.15
Außergewöhnliche Artikel – – 32.04
PBT 821.86 775.96 355.19
Steuer 170.86 173.50 83.66
KLOPFEN 651.00 602.46 271.53
Gewinn, der den Eigentümern des Unternehmens zuzurechnen ist 651.00 602.46 278.88
Gewinn, der nicht beherrschenden Anteilen zuzurechnen ist – – (7.35)

Momentaufnahme der Bilanz

INR MN

VERMÖGENSWERTE Q2FY22 Q1FY22
ANLAGEVERMÖGEN
Immobilienanlagentechnik 1,868.99 1,909.14
Nutzungsrechte an Vermögenswerten 2,304.49 2,438.75
Andere Sachanlagen 136.70 158.80
Firmenwert und andere immaterielle Werte 1,397.59 1,370.56
Sonstige langfristige Vermögenswerte 1,137.22 869.47
GESAMT LANGFRISTIG 6,844.99 6,746.72
UMLAUFVERMÖGEN
Vorräte NULL NULL
Zahlungsmittel und Zahlungsmitteläquivalente 9,333.79 8,786.36
Forderungen aus Lieferungen und Leistungen 3,604.79 3,186.99
Sonstiges Umlaufvermögen 1,407.87 1,805.02
GESAMTSTROM 14,346.45 13,778.37
GESAMTVERMÖGEN 21,191.44 20,525.09
EIGENKAPITAL & PASSIVA Q2FY22 Q1FY22
Aktienkapital 2,696.18 2,691.54
Sonstiges Eigenkapital 10,042.32 9,857.96
Den Eigentümern zurechenbares Eigenkapital 12,738.50 12,549.50
Nicht beherrschende Anteile – –
GESAMTKAPITAL 12,738.50 12,549.50
LANGFRISTIGE SCHULDEN
Kredite NULL NULL
Leasingverbindlichkeiten 1,748.95 1,857.09
Andere nicht gegenwärtige Belastungen 772.38 480.64
GESAMT LANGFRISTIG 2,521.33 2,337.73
KURZFRISTIGE VERBINDLICHKEITEN
Kredite NULL NULL
Verbindlichkeiten aus Lieferungen und Leistungen 1,508.18 1,802.46
Leasingverbindlichkeiten 329.07 351.51
Andere 4,094.36 3,483.89
GESAMTSTROM 5,931.61 5,637.86
SUMME EIGENKAPITAL UND VERBINDLICHKEITEN 21,191.44 20,525.09

Aufschlüsselung der Einnahmen

USD MIO

Erdkunde Q2FY22 Q1FY22 Q2FY21 QoQ YoY
UNS 32.53 31.76 27.30 2.4% 19.2%
Europa 32.13 30.37 26.67 5.8% 20.5%
Asien 15.69 15.07 11.34 4.1% 38.4%
TOTAL 80.36 77.21 65.32 4.1% 23.0%
Verticals Q2FY22 Q1FY22 Q2FY21 QoQ YoY
Personenkraftwagen 59.70 58.40 50.63 2.2% 17.9%
Nutzfahrzeuge 19.66 17.95 14.05 9.5% 39.9%
Andere 0.99 0.85 0.64 16.5% 54.7%
TOTAL 80.36 77.21 65.32 4.1% 23.0%
Practices Q2FY22 Q1FY22 Q2FY21 QoQ YoY
Powertrain 31.58 28.05 24.18 12.6% 30.6%
AD ADAS 14.45 15.77 16.38 (8.4)% (11.8)%
Vernetztes Fahrzeug 8.41 9.07 7.32 (7.3)% 14.9%
Andere 25.92 24.31 17.44 6.6% 48.6%

P&L Metrics (Quarterly)

Q2FY22 Q1FY22 Q2FY21 QoQ YoY
Umsatz nach Vertragstyp
Zeit- und Materialbasis 43.7% 43.6% 52.0% 4.5% 3.5%
Festpreisbasis 56.3% 56.4% 48.0% 3.8% 44.2%
Kunden
Strategic T21 Client Revenue 83.82% 84.62% 86.1% 3.1% 19.8%
Active Clients 55 55 55
Umsatz pro Devp. Mitarbeiter USD 51,910 51,257 42,602
EBITDA-Marge 17.6% 17.3% 14.3%
EBIT-Marge 12.7% 12.2% 7.0%
PAT-Marge 11.0% 10.6% 5.7%
Effective TaxRat 20.8% 22.4% 23.6%
EPS(Basic) 2.42 2.24 1.04
EPS(Diluted) 2.39 2.21 1.03

*Out of the target 25, strategic relationships with 21 accounts established and hence revenue for those accounts considered

Vierteljährliche Berichte

Financial Year
Finanzergebnis Standalone Konsolidiertes Finanzergebnis Investoren-Update Transkript des Ergebnisgesprächs
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Q4
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Q1
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Finanzergebnis Standalone
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Q2
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Q3
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Q4
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Konsolidiertes Finanzergebnis
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Q2
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Q3
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Investoren-Update
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Transkript des Ergebnisgesprächs
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DISCLOSURES

Konsolidierter Jahresabschluss und Prüfungsbericht zum 1. Januar 2019
Standalone financials & Audit Report as on Jan 1, 2019.pdf
KPIT Technologies Limited-Information Memorandum – 12. April 2019

CODES & POLICIES

Transaktionen mit verbundenen Parteien
Kennenlernprogramm
Details of Familiarization Programmes
Verhaltenskodex
CSR-Politik
Mahnwache und Whistleblower-Richtlinie
Wesentliche Tochtergesellschaftsrichtlinie
Kodex für faire Offenlegung und Verhalten für unveröffentlichte preisempfindliche Informationen und Richtlinie zur Bestimmung des legitimen Zwecks
Dividendenpolitik

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Loksatta

Jansatta

Finanz-Express

Angaben zum Knotenoffizier

Name: Sneha Padve

E-mail: Sneha.padve@kpit.com

Investor Contacts

For any investor related queries, you may contact

Sunil Phansalkar Sunil.Phansalkar@kpit.com

Investor Relations

SEZ Unit, Plot-17, Rajiv Gandhi Infotech Park, MIDC-SEZ, Phase-III, Hinjawadi, Pune – 411057

Write a Mail

For speedy redressal, the shareholders may send their grievances to

Priya Hardikar Priya.Hardikar@kpit.com

Head of Finance, Legal & Secretarial

SEZ Unit, Plot-17, Rajiv Gandhi Infotech Park, MIDC-SEZ, Phase-III, Hinjawadi, Pune – 411057

Write a Mail

For any investor related queries, you may contact

Nida Deshpande nida.deshpande@kpit.com

 Assistant Company Secretary & Compliance Officer

SEZ Unit, Plot-17, Rajiv Gandhi Infotech Park, MIDC-SEZ, Phase-III, Hinjawadi, Pune – 411057

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Registrar & Share Transfer Agent

Karvy Fintech Private Limited (Formerly known as KCPL Advisory Services P Ltd)

Mr. S V Raju einward.ris@karvy.com

Karvy Selenium Tower B, Plot no.31 & 32, Financial District Nanakramguda, Serilingampally Mandal, Hyderabad – 500032,
www.karvyfintech.com, Tel No. +91 40 6716 2222

Write a Mail

Karvy Fintech Private Limited (Formerly known as KCPL Advisory Services P Ltd)

Mr. Mohan Kumar mohan.a@karvy.com

Karvy Selenium Tower B, Plot no.31 & 32, Financial District Nanakramguda, Serilingampally Mandal, Hyderabad – 500032,
www.karvyfintech.com, Tel No. +91 40 67161572

Write a Mail

Since last 25 years, KPIT Technologies has been working with mobility and automotive companies, providing technology solutions for making mobility cleaner, smarter and safer. In Jan-2018, KPIT announced a restructure to merge with Birlasoft and then demerge to focus only the Mobility and the Automotive sector. This entity was hence incorporated as a public limited company on 8th January, 2018 under the Companies Act, 2013.

On March 13, 2019, name of the company changed from “KPIT Engineering Limited” to “KPIT Technologies Limited”.

The registered office of the company is located at:
Plot No. 17, Rajiv Gandhi Infotech Park
Phase III, MIDC – SEZ, Hinjawadi
Pune – 411 057, India
Tel: +91 20 6770 6000

The founder members of KPIT are Mr. Ravi Pandit and Mr. Kishor Patil

Reimagining mobility with you for creation of a cleaner, smarter & safer world

KPIT specializes in embedded software, AI & digital solutions for the automotive and mobility industry enabling its customers accelerate implementation of next generation mobility technologies.

KPIT has software development centers located in Pune, Bangalore, Mumbai, Noida, Chennai (India), Munich (Germany), Raleigh (US), Folsom (US) and Sao Paolo (Brazil). We have 31 global offices across 16 countries.

The Company is in the process of filing the listing application with stock exchanges. This section will be available for investors once the Company is listed with the stock exchanges.

Ms. Nida Deshpande is the Compliance Officer/Company Secretary of KPIT.

Please contact the Company Secretary on the above-mentioned address

You can get in touch with Mr. Sunil Phansalkar from the investor relations team at sunil.phansalkar@kpit.com