Skip to main content

KPIT Second Quarter Results FY 2019

Q2FY19 reported EBITDA at 13.6%, growth of 62.5% Y-o-Y, 19.3% Q-o-Q
Q2FY19 Constant Currency Revenue growth of 2.9% Q-o-Q,
Constant Currency Revenue growth of 9.8% in H1FY19 over H1FY18
Investor Release BSE: 532400 | NSE: KPIT 
India, October 24, 2018: KPIT (BSE: 532400; NSE: KPIT), a global technology company specializing in providing IT Consulting and Product Engineering solutions and services to Automotive, Manufacturing, Energy and Utilities companies, today reported its consolidated financial results for the second quarter and half year ended September 30, 2018.
Highlights for the quarter ended September 30, 2018
  • ₹ Revenues grow 6.4% Q-o-Q and 17.8% Y-o-Y
  • Net Profit for the quarter registers a Y-o-Y growth of 37.4%
  • Operational EBITDA for the quarter at 15.2%
  • Reassuring increase in Pipeline, led by large deals in Engineering
  • BMW today announced KPIT as a technology partner for Autonomous Driving
 Management comments
Commenting on the performance of Q2 FY19, Kishor Patil, Co-founder, CEO & MD, KPIT said, “The quarter gone by witnessed solid improvement in operating margins despite wage hikes, driven by operating efficiencies and better quality of revenues. We are on track to achieve our annual revenue guidance and exceed the annual operating margins guidance. The Merger Demerger process is progressing well, as per planned timelines.”
Sachin Tikekar, President and Board Member, KPIT said, “Engineering and Digital revenues continue to grow at a much faster rate for us. We expect the trend to continue during the remainder of the year. We are progressing well on the business familiarization process with Birlasoft and are happy with the cultural and value similarities between the two organizations.”
About KPIT Technologies
KPIT (BSE:532400, NSE: KPIT) is a global technology company specializing in providing IT Consulting and Product Engineering solutions and services to Automotive, Manufacturing, Energy & Utilities and Life Sciences companies. Together with its customers and partners, it creates and delivers technologies to enable creating a cleaner, greener and more intelligent world that is sustainable and efficient.

Comments

Post a Comment

Popular posts from this blog

5Paisa to leverage surge in investor base to acquire 1Lakh customers by next year, launches unique online, multi-lingual financial education initiative ‘5Pschool’

–  Launches   online   financial  literacy  initiative  ‘5P School’  to  handhold new investors entering the market  –  Expects about 1 million users  to  opt for 5P School’s  financial  literacy courses  by   next   year –  USP of these  online  courses is the smart but easy- to -understand content designed  by  market experts, which can be viewed from multiple  online platforms, including mobile phones –  This simple, free-of-cost educative material on  financial  products and market processes are also available  in  various regional languages Pune, 29th November 2017:  Leading discount brokerage firm  5Paisa .com has launched a  unique   investor   education   initiative  ‘5P School’  to   leverage  on the huge increase likely  to  happen  in  new  investor  numbers over the  next  two years for bolstering its own customer  base   by  1 lakh over the  next   year . 5Paisa  sees sees a sizeable number  of new investors  joining the country’s equity and capital markets  in
3 comments
Read more

6th Consecutive year of IPTEX & 4th edition of GRINDEX Will kick start from 13th February 2020

Two mega-events first time in Pune on one platform: IPTEX & GRINDEX 2020 ·          The 3 day Gear & Grinding Expo will start on 13 th February to 15 th February 2020 at Auto Cluster Exhibition center, PCMC Pune. ·          Time : 10 am to 6 pm ·          Organized by: Virgo Communication and Exhibition (p) Ltd ·          For Register : Website : www.iptexpo.com  |  www.grindexpo.com ·          Explore the Great collaboration between Gear and Grinding Technology The 6th edition of IPTEX & 4 th edition of GRINDEX 2020 is organized by Virgo Communications & Exhibitions Pvt. Ltd. It is scheduled to take place from 13 th to 15 th February 2020 at Auto Cluster Exhibition Centre, Pimpri-Chinchwad, Pune, Maharashtra. The exhibition will take place for the first time in Pune. The previous five IPTEX and three GRINDEX editions were held in Mumbai. Timings will be 10 am to 6 pm. IPTEX 2020: IPTEX is developing as one of the most encouraging platforms f
2 comments
Read more

14th International Flora Expo 2019, kick starts today

·          Venue:- Messe Global, Exhibition & Convention Centre, Laxmi Lawns, Magarpatta . ·          This expo will be open from 10am to 6.pm till 24 th February 2019. India has been bestowed with most suitable climatic conditions for growing various kinds of horticultural crops such as fruits, vegetables, flowers, nuts, spices and plantation crops. That is why India has emerged as one of the major producer of fruits and vegetables in the world. Contribution of horticulture sector to the Gross Domestic Product (GDP) is increasing every year.  There has been spectacular change in terms of adoption of new technologies, production and availability of horticulture product. Keeping in view the importance of horticulture sector, Media Today Group has organized the 14 th International Flora Expo 2019, along with 11 th International Horti Expo 2019, 13 th International Landscape & Gardening Expo 2019 at Messe Global, Exhibition & Convention Centre, Laxmi Lawns
1 comment
Read more