Pune (Maharashtra) [India], April 26 (ANI/BusinessWire India): KPIT Technologies (NSE: KPITTECH BSE: 542651), a global partner to the automotive and mobility ecosystem for making software-defined vehicles a reality, announced financial results for Q4 FY23 today. Performance overview - Q4 FY23 Revenue Q4FY23 CC Revenue grows 50% YoY, 8.5% Q-o-Q USD Revenue Growth of 42.1% Y-o-Y, 12.1% Q-o-Q Growth led by Strategic Accounts, Middleware and Architecture, Autonomous and Diagnostics Q4FY23 was another good quarter in terms of new engagement closures - Q4 FY23 Net Profit and EBITDA Q4FY23 Net Profit at Rs. 1,116 million, 41.5% Y-o-Y growth EBITDA at 19.1%, 60% Y-o-Y growth EBITDA margin expansion of 60 bps for the quarter led by revenue growth and operational efficiencies - FY 23 revenues FY23 Reported Revenue USD 418 Million FY23 Revenue grows 36.7% in CC terms USD Revenue Growth of 27.4% - FY 23 Profit EBITDA at 18.9%, growth of 45% over FY22 Net Profit at Rs. 3,810 Million, 39% growth over FY22 - FY24 Outlook CC Revenue growth in the range of 27% to 30% EBITDA margin to be in the range of 19% to 20% Final Dividend of Rs. 2.65 per share. Total FY23 Dividend of Rs. 4.10 per share - Talent Global employee count crosses 11000 Strong hiring pipeline globally to bring best talent for cutting edge client engagements TCV of new engagements won during Q4 FY23: USD 423 million (Includes TCV of ~ USD 250 Million for strategic engagement with Honda) Commenting on the performance of FY23 Ravi Pandit, Co-founder and Chairman, KPIT said, "The Mobility Industry is one of the larger contributors to global carbon footprint. Huge investments are being made and planned towards a sustainable future. We are proud to be intensely involved in this over the years and we will be a major technology led contributor towards this transformation. We are committed to achieve our vision of creating a Cleaner, Safer and Smarter world. FY23 was another satisfying year of sustainable growth and margin expansion, and we are excited and confident about our performance going forward." Kishor Patil, Co-founder, CEO and MD, KPIT said, "We have consistently delivered eleven sequential quarters of healthy growth in revenues and operating profits. On the back of a solid quarter and year performance and basis recent mega engagements and committed spend on software by our Strategic Clients, we are witnessing robust demand and increased visibility for the next 3-4 years. We are focused on helping our clients create new business models to transform their business. We start FY24 on a strong footing and expect to deliver CC revenue growth of 27%-30% with EBITDA margins between 19%-20%." Sachin Tikekar, President and Joint MD, KPIT said, "We start FY24 on the back of closure of key strategic, long-term engagements with Q4 wins TCV of USD 423 Million. We will focus on alignment and collaboration of practices to address larger problems of our clients through broader technology solutions. We are committed to building scale through robust competency framework, flawless execution and on-boarding the right talent with higher competency. We will channelize our investments towards creating trusted partnerships with our clients to effect greater value creation, in the coming years." This story is provided by BusinessWire India. ANI will not be responsible in any way for the content of this article. (ANI/BusinessWire India)
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Pune , Maharashtra , India , Kishor Patil , Sachin Tikekar , Ravi Pandit , Honda , Businesswire India , Strategic Accounts , Mobility Industry , Strategic Clients , Pune Maharashtra India , Pril 26 Ani Businesswire India Kpit Technologies Nse Kpittech Bse 542651 , A Global Partner To The Automotive And Mobility Ecosystem For Making Software Defined Vehiclesa Reality , Nnounced Financial Results For Q4 Fy23 Today Performance Overview Revenue Q4fy23 Cc Grows 50 Yoy , 5 Qoq Usd Revenue Growth Of 42 1 Yo Y , 2 1 Qoq Growth Led By Strategic Accounts , Iddleware And Architecture , Utonomous And Diagnostics Q4fy23 Was Another Good Quarter In Terms Of New Engagement Closures Q4 Fy23 Net Profit Ebitda At Rs 1 , 116 Million , 1 5 Yoy Growth Ebitda At 19 , 0 Yoy Growth Ebitda Margin Expansion Of 60 Bps For The Quarter Led By Revenue And Operational Efficiencies Fy 23 Revenues Fy23 Reported Usd 418 Million Grows 36 7 In Cc Terms 27 4 Profit At 18 9 , Rowth Of 45 Over Fy22 Net Profit At Rs 3 , 810 Million , 9 Growth Over Fy22 Fy24 Outlook Cc Revenue In The Range Of 27 To 30 Ebitda Margin Be 19 20 Final Dividend Rs 2 65 Per Share Total Fy23 4 10 Talent Global Employee Count Crosses 11000 Strong Hiring Pipeline Globally Bring Best For Cutting Edge Client Engagements Tcv New Won During Q4 Usd 423 Million Includes 250 Strategic Engagement With Honda Commenting On Performance Ravi Pandit , Co Founder And Chairman , Pit Said , Uot The Mobility Industry Is One Of Larger Contributors To Global Carbon Footprint Huge Investments Are Being Made And Planned Towardsa Sustainable Future We Proud Be Intensely Involved In This Over Years Will Bea Major Technology Led Contributor Towards Transformation Committed Achieve Our Vision Creatinga Cleaner , Afer And Smarter World Fy23 Was Another Satisfying Year Of Sustainable Growth Margin Expansion , Nd We Are Excited And Confident About Our Performance Going Forward Quot Kishor Patil , Co Founder , Eo And Md , Uot We Have Consistently Delivered Eleven Sequential Quarters Of Healthy Growth In Revenues And Operating Profits On The Back Ofa Solid Quarter Year Performance Basis Recent Mega Engagements Committed Spend Software By Our Strategic Clients , E Are Witnessing Robust Demand And Increased Visibility For The Next 3 4 Years We Focused On Helping Our Clients Create New Business Models To Transform Their Start Fy24 Ona Strong Footing Expect Deliver Cc Revenue Growth Of 27 30 With Ebitda Margins Between 19 20 Quot Sachin Tikekar , Resident And Joint Md , Uot We Start Fy24 On The Back Of Closure Key Strategic , Ong Term Engagements With Q4 Wins Tcv Of Usd 423 Million We Will Focus On Alignment And Collaboration Practices To Address Larger Problems Our Clients Through Broader Technology Solutions Are Committed Building Scale Robust Competency Framework , Lawless Execution And On Boarding The Right Talent With Higher Competency We Will Channelize Our Investments Towards Creating Trusted Partnerships Clients To Effect Greater Value Creation , N The Coming Years Quot This Story Is Provided By Businesswire India Ani Will Not Be Responsible In Any Way For Content Of Article ,
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