Car-industry-focused KPIT Technologies on Monday reported a 48.9 per cent enhance in consolidated internet profit at ₹244.7 crore within the March quarter.
It had logged a internet profit of ₹164.3 crore within the year-ago interval, in accordance to a regulatory submitting.
Income rose 15.9 per cent to ₹1,528.3 crore throughout the quarter towards ₹1,317.8 crore a yr in the past.
Sequentially, profit and income climbed 30.9 per cent and three.4 per cent, respectively.
“We have now constantly delivered 19 sequential quarters of development in revenues and working income. China’s mobility ecosystem has challenged international OEMs (authentic tools producers) on the alteration of paradigms in pace, price and innovation in car growth. We have now made investments in management coaching, mobility-specific AI options, automation, platforms, instruments & accelerators and new markets.
“On the again of robust deal wins for strategic engagements, coupled with potential acquisition of specialized corporations, we’re optimistic about our medium-term development trajectory,” Kishor Patil, Co-founder, CEO and MD of KPIT, mentioned.
TCV (whole contract worth) of latest engagements received throughout Q4FY25 was $280 million (about ₹2,381 crore).
For the total FY25, profit grew 41.2 per cent to ₹839.6 crore, towards ₹594.5 crore within the earlier fiscal. The FY25 income elevated 19.9 per cent to ₹5,842.3 crore.
The Pune-headquartered agency additionally introduced voluntary liquidation & dissolution of its wholly-owned step-down subsidiary PathPartner Expertise Inc.
Voluntary liquidation & dissolution will additional optimise operations of KPIT USA, the submitting mentioned.
The operations, staff and buyer contracts of Path Associate Expertise Inc (Path Associate USA) have been absolutely built-in into KPIT Technologies Inc (KPIT USA), it mentioned.
Moreover, the corporate introduced a partnership with Mercedes-Benz Analysis and Growth India (MBRDI) to speed up the event and realisation of Software program-Outlined Autos (SDVs).
“Our robust deal pipeline, opening of huge engagements with likes of MBRDI for Mercedes Benz, keen response to our options at World tech boards like CES, Bharat Mobility and Shanghai Auto Expo offers us confidence to add constant worth to shoppers,” Sachin Tikekar, President and Joint MD at KPIT, mentioned.
Printed on April 28, 2025
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