Reported $ Revenue growth of 19.3% Y-o-Y
Growth led by Middleware and Powertrain
Q2FY25 Net Profit at ₹ 2,037 M
44.7% (incl one-time gain) growth in profit Y-o-Y
Q2FY25 EBITDA at 20.8%
Y-o-Y EBITDA growth of 27.7%
$ 207M worth engagements closed in the quarter
Healthy Pipeline level across practices
Q-o-Q CC growth of 4.7% and reported $ growth of 5.0%. Growth led by Asia and Passenger Cars.
EBITDA margins stood at 20.8% despite full quarter impact of wage hikes and one-month additional ESOP cost, mainly due to productivity improvement and fixed cost leverage.
Other income was lower as compared to last quarter due to conversion losses on Euro and Yen denominated assets and liabilities. ETR was in-line with our annual outlook.
Net Cash Balance at the end of the quarter stood at ₹ 9.68 billion, post M&A related payouts and dividend payout. DSO at the end of the quarter stood at 45 Days.
We are happy to have delivered yet another quarter of well-balanced growth. The Mobility Industry, specifically the Automotive sub vertical, has been under pressure to keep up with the changing regulations, reduce cost of vehicles and meet demands of the ever-changing consumer preferences in recent times. We continue to prioritize investments in technology and markets ahead of demand to help our T25 clients stay on the cutting edge of technology and competitiveness, basis which, we reiterate our revenue growth and profitability outlook for the full year. We have taken an enabling board resolution for fund-raising in view of some of the strategic opportunities that are on the horizon. The actual fund raise will happen only when some of these potential prospects are in advanced stages of discussion.
Co-founder, CEO and MD, KPIT
In anticipation of changes in the Mobility Industry, we have doubled down our efforts to help our T25 clients reduce the cost of their vehicles and cut the time to market in the areas of software and system integration. Our investments in Trucks and Off-Highway sub-verticals are on track to expand market opportunities for us in the mid-term. The efforts on broad-basing growth within our T25 clients are showing promising results. Overall, we have had robust wins during the quarter. Our attrition remains at the lowest level for us, while we commit to further investments in competency and leadership development. We are reaching all milestones concerning the goals set up towards Sustainability, in line with our Vision of making Mobility cleaner, safer and smarter.
President and Joint MD, KPIT
A Leading European Car Manufacturer selected KPIT for multiple strategic engagements in the autonomous, middleware and diagnostics domains.
Strategic engagements in the electric powertrain and connected domains for a leading American Car Manufacturer.
Crucial engagements in the body electronics connected and electric powertrain domains with a leading European Car Manufacturer.
Strategic engagements in the connected, middleware and powertrain domains with a leading American Commercial Vehicle OEM.
Key Engagements in autonomous and powertrain domains for a leading Asian Car Manufacturer.
Plot Number-17,
Rajiv Gandhi Infotech Park,
MIDC-SEZ, Phase-III,
Hinjawadi, Pune – 411057
Phone: +91 20 6770 6000
Frankfurter Ring 105b,80807
Munich, GERMANY
Phone: +49 89 3229 9660
Fax: +49 89 3229 9669 99
