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Explore Overview | Policies Reports Filings | Corporate Governance | FAQs

Overview Policies, Reports & Filing Corporate Governance Contact Us FAQ
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 Quotes

"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

Co founder, CEO and 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 Wins

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 and ZF form development cooperation for industry-leading middleware solution

  • 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

Read More
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

Profit & Loss Account Snapshot

INR MN

DETAILS Q2FY22 Q1FY22 Q2FY21
Revenue from Operations 5,908.73 5,673.81 4,854.59
Other Income 89.37 99.76 24.52
Total Income 5,998.10 5,773.57 4,879.11
Operating Expenses 4,868.14 4,692.65 4,158.04
EBITDA 1,040.59 981.16 696.55
Depreciation 290.93 286.46 354.90
EBIT 749.66 694.70 341.65
Finance Costs 38.56 40.10 43.70
Change in FMV of Investments 21.39 21.60 0.68
Profit Before Exceptional Items 821.86 775.96 323.15
Exceptional items – – 32.04
PBT 821.86 775.96 355.19
Tax 170.86 173.50 83.66
PAT 651.00 602.46 271.53
Profit Attributable to owners of company 651.00 602.46 278.88
Profit Attributable to non-controlling interest – – (7.35)

Balance Sheet Snapshot

INR MN

ASSETS Q2FY22 Q1FY22
NON-CURRENT ASSETS
Property, Plant & Equipment 1,868.99 1,909.14
Right-of-use Assets 2,304.49 2,438.75
Other Tangible Assets 136.70 158.80
Goodwill & Other Intangibles 1,397.59 1,370.56
Other Non-Current Assets 1,137.22 869.47
TOTAL NON-CURRENT 6,844.99 6,746.72
CURRENT ASSETS
Inventories NIL NIL
Cash and Cash Equivalents 9,333.79 8,786.36
Trade Receivables 3,604.79 3,186.99
Other Current Assets 1,407.87 1,805.02
TOTAL CURRENT 14,346.45 13,778.37
TOTAL ASSETS 21,191.44 20,525.09
EQUITY & LIABILITIES Q2FY22 Q1FY22
Equity Share Capital 2,696.18 2,691.54
Other Equity 10,042.32 9,857.96
Equity attributable to owners 12,738.50 12,549.50
Non-controlling interests – –
TOTAL EQUITY 12,738.50 12,549.50
NON-CURRENT LIABILITIES
Borrowings NIL NIL
Lease Liabilities 1,748.95 1,857.09
Other Non-Current Liabilities 772.38 480.64
TOTAL NON-CURRENT 2,521.33 2,337.73
CURRENT LIABILITIES
Borrowings NIL NIL
Trade Payables 1,508.18 1,802.46
Lease Liabilities 329.07 351.51
Others 4,094.36 3,483.89
TOTAL CURRENT 5,931.61 5,637.86
TOTAL EQUITY AND LIABILITIES 21,191.44 20,525.09

Revenue Break-up

USD MN

Geography Q2FY22 Q1FY22 Q2FY21 Q-o-Q Y-o-Y
US 32.53 31.76 27.30 2.4% 19.2%
Europe 32.13 30.37 26.67 5.8% 20.5%
Asia 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 Q-o-Q Y-o-Y
Passenger Cars 59.70 58.40 50.63 2.2% 17.9%
Commercial Vehicles 19.66 17.95 14.05 9.5% 39.9%
Others 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 Q-o-Q Y-o-Y
Powertrain 31.58 28.05 24.18 12.6% 30.6%
AD ADAS 14.45 15.77 16.38 (8.4)% (11.8)%
Connected Vehicle 8.41 9.07 7.32 (7.3)% 14.9%
Others 25.92 24.31 17.44 6.6% 48.6%

P&L Metrics (Quarterly)

Q2FY22 Q1FY22 Q2FY21 Q-o-Q Y-o-Y
Revenue by Contract Type
Time & Material Basis 43.7% 43.6% 52.0% 4.5% 3.5%
Fixed Price Basis 56.3% 56.4% 48.0% 3.8% 44.2%
Clients
Strategic T21 Client Revenue 83.82% 84.62% 86.1% 3.1% 19.8%
Active Clients 55 55 55
Revenue per Devp. Employee USD 51,910 51,257 42,602
EBITDA Margin 17.6% 17.3% 14.3%
EBIT Margin 12.7% 12.2% 7.0%
PAT Margin 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

Quarterly Reports

Financial Year
Financial Result Standalone Financial Result Consolidated Investor Update Earnings Call Transcript
Q1
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Q2
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Q1
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Q2
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Q3
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Q4
Download Download Download Download
Q1
Download Download Download Download
Financial Result Standalone
Q1
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Q2
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Q1
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Q2
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Q3
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Q4
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Q1
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Financial Result Consolidated
Q1
Download
Q2
Download
Q1
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Q2
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Q3
Download
Q4
Download
Q1
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Investor Update
Q1
Q2
Q1
Download
Q2
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Q3
Download
Q4
Download
Q1
Download
Earnings Call Transcript
Q1
Q2
Q1
Download
Q2
Download
Q3
Q4
Download
Q1
Download

DISCLOSURES

Consolidated financials & Audit Report as on Jan 1, 2019
Standalone financials & Audit Report as on Jan 1, 2019.pdf
KPIT Technologies Limited-Information Memorandum-April 12 2019

CODES & POLICIES

Related Party Transactions
Familiarization Programme
Details of Familiarization Programmes
Code of conduct
CSR policy
Vigil Mechanism & Whistle Blower Policy
Material Subsidiary Policy
Code of Fair Disclosure & Conduct for Unpublished Price Sensitive Information & Policy for determining Legitimate Purpose
Dividend Policy

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Details of Nodal Officer

Name: Sneha Padve

E-mail: Sneha.padve@kpit.com

Corporate Governance

Subsidiaries Annual Report 2020-21

Annual Report 2020-21

Annual Report 2019-20

Postal Ballot 2020-21

Constitution of Board Committees

Letter of Appointment for Independent Directors

Postal Ballot Notice

Postal Ballot form

Newspaper Notice for Postal Ballot

Board Meetings

Notice of Board Meeting scheduled on October 24, 2018

Notice of Board Meeting scheduled on July 25, 2018

Notice of Board Meeting scheduled on May 23, 2018

Notice of Board Meeting scheduled on January 24, 2018

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

Write a Mail

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

When was KPIT incorporated?

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”.

Where is KPIT's registered office located?

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

Who are the founder members of the company?

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

What is the vision & mission statement of the company?

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

What are the areas of operations of the company?

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

How many software development centers does KPIT have?

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.

When did the company have its IPO and at what price?

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.

What is the name & address of the compliance officer of the company?

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

Whom do I contact in case of non-receipt of dividend, loss of share certificates, etc.?

Please contact the Company Secretary on the above-mentioned address

I want to know more about KPIT and its operations.

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

Earl Watkins

CEO

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© Copyright KPIT for 2018-2019

CIN: 67354536738904



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