KPIT Technologies Posts Strong Q4 Results; Profits Grow By 47%

KPIT Technologies on Monday reported a 47.2 per cent year-on-year (YoY) increase in its net profit for the fourth quarter of fiscal year 2024. 

The Pune-headquartered company recorded a net profit of Rs 164.4 crore, up from Rs 111.6 crore in the same quarter last year. Its revenue for the quarter also saw a rise, growing by 29 per cent YoY to reach Rs 13,178 crore, compared to Rs 10,173.7 crore in the previous year.

Company CEO and MD Kishor Patil in statement spoke on the consistent performance with 15 consecutive quarters of growth in revenue and operating profits. Patil attributed this success to the transformation in business models by global OEMs and a solid order pipeline, which includes new wins totaling USD 261 million during the quarter.

The company's earnings before interest, tax, depreciation, and amortization (EBITDA) margin also improved, reaching 20.7 per cent, a jump from 19.1 per cent in the same quarter last year. This improvement in profitability reflects the company's effective cost management and operational efficiency.

For the upcoming fiscal year, KPIT Technologies has set an ambitious revenue growth target of 18-22 per cent, with an EBITDA margin forecast of 20.5 per cent. These projections are after factoring in an investment of Rs 100 crore in Employee Stock Option Plans (ESOPs) and other long-term investments, underscoring the company's commitment to sustainable growth and shareholder returns.

Patil also noted that the company is exploring expansion into new industry verticals like industrial and farm equipment and is positioning itself to capitalise on emerging opportunities in AI, data, and cloud technologies. Geographically, Europe remains a significant growth area, complemented by aggressive expansion plans in Asia, particularly in China and India.

Shares of KPIT Technologies soared 6.5 per cent to close at Rs 1508.50 on the BSE following the announcement.