KPIT Technologies Q4 FY2024 Results: Revenue ₹594.02 Cr, Net Profit ₹81.70 Cr; Q4 Revenue Up 28.78% YOY

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Key Highlights

• KPIT Technologies reported a total revenue of ₹594.02 cr for FY2024.
• Consolidated Net profit was marked at ₹81.70 cr for FY2024 against ₹74.20 cr in FY2023.
• Revenue from operations for Q4 GY2024 increased by 28.78% on a YOY basis. 

Business Highlights

• KPIT Technologies reported a 10% increase in net profit for Q4 FY2024 at ₹81.70 cr from ₹74.20 cr in Q4 FY2023.
• Net profit for FY 2024 increased by 16.65% reaching ₹326.82 cr from ₹280.16 cr in FY2023.
• Its revenue from operations Q4 FY2024 was Rs 546.21 cr against ₹424.12 cr in Q4 FY2023, up by 28.78%.
• Total revenue for FY 2024 was ₹2085.21 up by 33.77% compared to ₹1558.78 in FY2023.
• EBITDA increased by 5.7% reaching ₹277 cr for Q4 FY2024 from ₹262 cr in Q3 FY2024.
• For the quarter ending March 2024, the EBITDA margin was 21%. KPIT Technologies announced a per share dividend of ₹4.60 at 46%.

Commenting on the results, Ravi Pandit, Co-founder and Chairman, KPIT, said, “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.

Additionally, Kishor Patil, Co-founder, CEO and MD, KPIT said, “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%+.”