KPIT posts 44.7% YoY PAT growth for Q2 FY25
ECONOMY & POLICY

KPIT posts 44.7% YoY PAT growth for Q2 FY25

KPIT, a leading software integration partner for the automotive and mobility sectors, has reported strong financial results for Q2 FY25, showcasing significant growth across key metrics. The company recorded a 44.7% year-on-year (YoY) increase in profit after tax (PAT), marking its 17th consecutive quarter of growth. PAT for Q2 FY25 reached Rs 2037 million, aided by a one-time gain during the period. KPIT’s revenues stood at $173 million, reflecting constant currency (CC) growth of 20.1% YoY and a dollar revenue increase of 19.3% YoY. This growth was largely driven by advancements in the middleware and powertrain sectors, with notable contributions from the Asian market and the passenger car segment. KPIT reported an EBITDA margin of 20.8% for the quarter, marking a 27.7% YoY increase, and secured new engagements valued at $207 million during Q2 FY25.

The company reiterated its outlook for FY25, anticipating 18-22% CC revenue growth and an EBITDA margin exceeding 20.5%. With a global team of over 13,000 automotive software specialists, KPIT remains committed to enhancing productivity and skill development, particularly through the use of AI for operational efficiency. Additionally, KPIT introduced industry-leading benefits, promotions, and salary increases to support its workforce.

Kishor Patil, Co-founder, CEO, and Managing Director of KPIT, expressed satisfaction with the Q2 FY25 performance, noting that the company had achieved another quarter of balanced growth. He acknowledged that the mobility industry, particularly the automotive sector, faced pressures to adapt to evolving regulations, reduce vehicle costs, and meet shifting consumer preferences.

Patil highlighted KPIT’s continued commitment to investing in technology and markets ahead of demand to help its top 25 clients remain at the forefront of innovation and competitiveness. He reaffirmed the company’s full-year revenue growth and profitability outlook and mentioned that the board had passed a resolution for fund-raising, in light of strategic opportunities on the horizon. However, he clarified that the actual fund-raising would proceed only once these potential prospects reached advanced discussion stages.

Redefine the future of urban mobility! Join us at the Metro Rail Conference 2025 to explore groundbreaking ideas and insights. 👉 Register today!

KPIT, a leading software integration partner for the automotive and mobility sectors, has reported strong financial results for Q2 FY25, showcasing significant growth across key metrics. The company recorded a 44.7% year-on-year (YoY) increase in profit after tax (PAT), marking its 17th consecutive quarter of growth. PAT for Q2 FY25 reached Rs 2037 million, aided by a one-time gain during the period. KPIT’s revenues stood at $173 million, reflecting constant currency (CC) growth of 20.1% YoY and a dollar revenue increase of 19.3% YoY. This growth was largely driven by advancements in the middleware and powertrain sectors, with notable contributions from the Asian market and the passenger car segment. KPIT reported an EBITDA margin of 20.8% for the quarter, marking a 27.7% YoY increase, and secured new engagements valued at $207 million during Q2 FY25. The company reiterated its outlook for FY25, anticipating 18-22% CC revenue growth and an EBITDA margin exceeding 20.5%. With a global team of over 13,000 automotive software specialists, KPIT remains committed to enhancing productivity and skill development, particularly through the use of AI for operational efficiency. Additionally, KPIT introduced industry-leading benefits, promotions, and salary increases to support its workforce. Kishor Patil, Co-founder, CEO, and Managing Director of KPIT, expressed satisfaction with the Q2 FY25 performance, noting that the company had achieved another quarter of balanced growth. He acknowledged that the mobility industry, particularly the automotive sector, faced pressures to adapt to evolving regulations, reduce vehicle costs, and meet shifting consumer preferences. Patil highlighted KPIT’s continued commitment to investing in technology and markets ahead of demand to help its top 25 clients remain at the forefront of innovation and competitiveness. He reaffirmed the company’s full-year revenue growth and profitability outlook and mentioned that the board had passed a resolution for fund-raising, in light of strategic opportunities on the horizon. However, he clarified that the actual fund-raising would proceed only once these potential prospects reached advanced discussion stages.

Next Story
Real Estate

Maharashtra Builders Must Add Waterproof Telecom Centres In Buildings

The Maharashtra Urban Development Department (UDD) has issued a notice (dated 30 September 2024) inviting suggestions and objections regarding a proposed addendum to the Model Building Bye-Laws 2016, issued by the Ministry of Housing and Urban Affairs (MoHUA). The addendum is set to be incorporated into the Development Control and Promotion Regulations – 2034 for Greater Mumbai. Aimed at enhancing digital connectivity infrastructure in Mumbai and its suburbs, the notice calls on architects, developers, and town planners to provide input on the inclusion of Common Telecommunication Infrastru..

Next Story
Technology

Year-End Review 2024: MeitY’s Digital Leap

In 2024, the Ministry of Electronics and Information Technology (MeitY) spearheaded significant initiatives to advance India's digital growth, with a focus on artificial intelligence (AI), cybersecurity, and skill development. These efforts aimed to democratise technology, foster innovation, and cement India's position as a global technology leader. Semiconductor Manufacturing under the Semicon India Programme Several major projects received approval under the Semicon India Programme, marking a pivotal year for semiconductor manufacturing in India: 1. Tata Electronics Private Limited (TEPL)..

Next Story
Infrastructure Transport

Indian Railways to Roll Out Kavach 4.0 For Safer Rail Operations

Indian Railways is advancing efforts to boost safety and operational efficiency by deploying the state-of-the-art Kavach 4.0 automatic train protection system across key routes. The enhanced system, developed in-house, aims to prevent accidents, minimise human error, and ensure seamless train operations. According to officials, all locomotives equipped with earlier versions of Kavach will be upgraded to Kavach 4.0. The North-East Frontier Railway has identified approximately 1,966 route kilometres, stretching from Malda Town to Dibrugarh, for implementation. This initiative is part of a br..

Hi There!

"Now get regular updates from CW Magazine on WhatsApp!

Join the CW WhatsApp channel for the latest news, industry events, expert insights, and project updates from the construction and infrastructure industry.

Click the link below to join"

+91 81086 03000