KPIT Q2FY21 Net Profit rises 16.1% Q-o-Q, EBITDA at 14.3% as compared to 13.4% last quarter

Q2 FY 20-21 performance overview:

• Net Profit for the quarter stood at ₹ 279 million as compared to ₹ 240 million last quarter
• Net Cash as at the quarter end stood at ₹ 5,278 Million as compared to ₹ 3,278 Million at the beginning of the year
• Q2FY21 reported revenue at USD 65.32 Mn, flattish over Q1FY21. Change in revenue mix, lower onsite, reflect volume growth.

Kishor Patil, Co-founder, CEO and MD, KPIT 

said, “The revenue for the quarter was in line with our expectation and we delivered better on profitability. Change in revenue mix helped us grow volumes and we expect offshoring to increase for a couple of quarters. Despite rupee appreciation, we increased operating margins on the back of improved operational efficiency and productivity. We are confident of growth and further margin improvement in H2 over H1.”

Sachin Tikekar, President and Whole-time Director, KPIT

said, “Our clients are witnessing a steady build up in their operations and we persist to drive zero defect delivery and uphold our commitments to them. We continue to invest in relevant practices aligned to CASE (Connected, Autonomous, Shared, Electric). Our pipeline remains strong with a few strategic deals, reiterating our position as a software integrator partner to our clients.”

KPIT Q2FY21 Results Download Here

________________________________________________________________________________

MEDIA CONTACTS

Mohit Kochar

Global Head, Marketing  | mohit.kochar@kpit.verifinow.in

Sunil Ravish

Director, Marketing | Media Relations  | sunil.r@kpit.verifinow.in

Reema Kumari

Team Gutenberg | reema@thegutenberg.com

________________________________________________________________________________

INVESTOR RELATIONS

Sunil Phansalkar

Head, Investor Relations | sunil.phansalkar@kpit.verifinow.in