KPIT Tech Top Management shares key strategies, tips and outlook for fiscal year 2025 in Q1 results

KPIT Technologies reported a 52 per cent rise in net profit at Rs 204.2 crore for the March quarter of 2024 on the back of higher revenue growth and profit margin. The Pune-based company had reported a net profit after tax of Rs 134 crore in the corresponding period a year ago. Its revenue from operations rose 24 per cent to Rs 1,364.6 crore from Rs 1,097.6 crore in the corresponding period a year ago. EBITDA or earnings before interest, tax, depreciation and amortisation rose 5.6 per cent to Rs 287 crore while operating profit margin improved to 21 per cent. KPIT Technologies also informed exchanges that its board has approved acquisition of another 13 per cent stake in N-Oream AG (N-Dream), taking KPIT’s total stake to 26 per cent. The company said the acquisition of a further 13% stake for EUR 3 million will be completed by August 20, 2024. Catch Sakshi Batra in conversation with Kishor Patil, Co-founder, CEO and Managing Director, KPIT Technologies on strategy, guidance and outlook.