KPIT Q4FY2024 Performance Overview

FY24 revenue grows 40.4% in Reported $ terms, PAT grows 56%, over FY23
FY24 CC growth 39.1%, beats increased guidance for the year
Q4FY24 Y-o-Y CC revenue growth of 27.6%, PAT growth 47.3%
FY25 Outlook - revenue growth of 18% - 22%, EBITDA margin at 20.5%+


Q4 FY24

Y-o-Y $ growth 28.5%
Q-o-Q $ growth 6.6%


Revenue at $ 587 Mn
Broad Based Growth


Q4 FY24

EBITDA at 20.7%
Up 160 bps Y-o-Y


EBITDA at 20.3%
56% growth over FY23


Q4 FY24

PAT at ₹ 1,644 Mn
Q-o-Q growth of 5.8%


PAT at ₹ 5,945 Mn
PAT Margin at 12.2%

Wins and Dividend

Q4 FY24

$ 261 Mn worth
engagements closed


Dividend per Share :
Final - ₹ 4.60
Total - ₹ 6.70

Performance Highlights

Sequential CC Growth of 5.1% led by Middleware, Connected and Autonomous domains. Growth was broad based across geographies, led by Asia. Both passenger cars and commercial vehicle verticals had healthy growth.

EBITDA margins were at 20.7%. EBITDA grew 40.5% y-o-y and 5.6% q-o-q, post full quarter cost of last quarter people additions and quarterly promotions. Rupee appreciation as compared to Q3FY24, impacted EBITDA by around 30 bps.

Other income was lower as compared to last quarter due to conversion losses on foreign currency denominated assets, especially Euro and Yen denominated. ETR was in-line with our annual outlook.

Net Cash Balance at the end of the quarter stood at ₹ 8.50 billion, depicting a net cash addition of ₹ 224 million. DSO at the end of the quarter stood at 51 Days.

Management Quotes

Since our landmark demerger in 2019, we have been truly living our Vision of Reimagining Mobility with you for creation of a cleaner, safer and smarter world. The world of Mobility is transforming at a pace faster than ever before. We are proud to be at the forefront of these technology transformations with focus on sustainability – for our clients, employees, internal operations and the world at large. Our 40%+ growth is a testimony to global needs and our expertise. We are confident about our performance going forward.

Ravi Pandit

Co-founder and Chairman, KPIT

We have consistently delivered fifteen sequential quarters of healthy growth in revenues and operating profits. Software content inside and outside the vehicle is growing in areas of alternate fuel technologies, autonomous and connectivity. Global OEMs are pledged to changing their business model. Basis committed investments by our Strategic Clients, a strong pipeline and solid wins of $ 261 million in Q4, we continue to witness robust demand. We start FY25 on a strong footing and expect to deliver CC revenue growth of 18%-22% with EBITDA margins of 20.5%+.

Kishor Patil

Co-founder, CEO and MD, KPIT

We start FY25 on back of a solid Q4 and FY24 operational performance. We are uncompromising on our focus on Strategic Client Partnerships, Technology Innovations, People and Zero-Defect Deliveries. We will pivot our investments on enhancing domain practices and sharpen our focus on Commercial Vehicles and Asia strategy. We have launched a new ESOP scheme to strengthen the long term incentivization for our people. Our internal sustainability goals have been set and the prime focus in FY25 would be on execution towards achieving these goals.

Sachin Tikekar

President and Joint MD, KPIT

New Engagements

Strong Wins - TCV of new engagements won during Q4FY24 : $ 261 million


A Leading European Car Manufacturer selected KPIT for significant engagements in the electric powertrain and connected domains.


Strategic engagements in the connected, autonomous and middleware domains for a leading Asian Car Manufacturer.


Crucial engagements in the connected, electric and conventional powertrain domains with a leading American Car Manufacturer.


Strategic engagements in the autonomous, electric and conventional powertrain domains with a leading American Car Manufacturer


Key Engagements in powertrain and vehicle diagnostics domain for a leading American Commercial Vehicle OEM.

Financial and operational Data