KPIT Tech Top Management On Q1 Results Shares Key Strategies, FY25 Guidance & Outlook

KPIT Technologies reported a 52 per cent jump in its net profit to Rs 204.2 crore for the March 2024 quarter on higher revenue growth and profit margins. The Pune-headquartered company had posted a post-tax net of Rs 134 crore in the year-ago period. Its revenue from operations grew 24 per cent to Rs 1,364.6 crore from Rs 1,097.6 crore in the year-ago period. EBITDA or earnings before interest, tax, depreciation and amortisation rose 5.6% to ₹287 crore, while the operating profit margin widened to 21%. KPIT Technologies also informed the exchanges that its board has approved the acquisition of another 13% stake in N-Oream AG (N-Dream), taking the total shareholding of KPIT to 26%. The acquisition of further 13% shareholding, for €3 million, will be completed by August 20, 2024, the company said. Catch Sakshi Batra in conversation with Kishor Patil, Co-Founder, CEO & MD, KPIT Technologies on the the strategies, Guidance & Outlook.