Pune, India | 27th April 2022 | NSE: KPITTECH BSE: 542651: KPIT, a leading partner for developing software defined vehicles to the automotive and mobility industry announced financial results for Q4 FY 2022 and FY 2021-22 results today.
Performance overview
(* 95% excluding One-time tax gain in FY21)
(#68% excluding One time tax gain in Q4FY21)
Performance Highlights
TCV of Total Deals won during the Quarter: $ 125* million
(* Excluding The Strategic Large Engagement of Euro 70+ M. Includes renewals plus new deals.)
Commenting on the performance of FY22
Ravi Pandit, Co-founder and Chairman, KPIT said,
“ FY22 was a year of resurgence in many ways, and I am happy with the way we have emerged stronger. 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. We are committed towards achieving our Vision of creating a Cleaner, Safer and Smarter World”.
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%”.
Sachin Tikekar, Co-founder and Joint MD, KPIT said,
“The Mobility Industry transformation is seen in both passenger car and commercial vehicle verticals. This is creating demand much higher than supply. We thus, will have a sharper focus on talent attraction, development, and retention. We will continue to invest in the right technologies and partnerships to help us deliver value to our clients, making them successful in their transformation. We start FY23 on the back of closure of key strategic, long-term engagements with our T25 clients, giving us clear visibility for another year of profitable growth”.
Über KPIT:
KPIT ist ein führender unabhängiger Softwareentwicklungs- und Integrationspartner, der Mobilität beim Sprung in eine saubere, intelligente und sichere Zukunft unterstützt. Mit 7000 Automobilgläubigen auf der ganzen Welt, die auf eingebettete Software, KI und digitale Lösungen spezialisiert sind, beschleunigt KPIT Kunden die Implementierung von Technologien der nächsten Generation für die zukünftige Mobilitäts-Roadmap. Mit Entwicklungszentren in Europa, den USA, Japan, China, Thailand und Indien arbeitet KPIT mit führenden Unternehmen in der Automobil- und Mobilitätsbranche zusammen und ist dort präsent, wo sich das Ökosystem verändert.
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MEDIENKONTAKTE
Mohit Kochar
Globaler Leiter, Marketing | mohit.kochar@kpit.com
Sunil Ravisch
Direktor, Marketing | Medienarbeit | sunil.r@kpit.com
Aditya Tiwari
Team Gutenberg | aditya@thegutenberg.com
ANLEGERBEZIEHUNGEN
Sunil Phansalkar
Leiter Investor Relations | sunil.phansalkar@kpit.com