KPIT Fourth Quarter Results FY 2018

FY18 USD revenues grow 14.8% Y-o-Y, reach USD 567.6 Million
Q4 FY18 USD revenue up Q-o-Q by 6.4% at USD 150.2 Million

Investor Release BSE: 532400 | NSE: KPIT

India, May 23, 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 fourth quarter and fiscal year ended March 31, 2018.

Highlights for the quarter ended March 31, 2018

Q4 FY18 PAT at ₹760 Million, a Q-o-Q growth of 23.2%, Y-o-Y growth of 41.6%
Q4 FY18 reported EBITDA at 11.4%, Operational EBITDA without transaction expenses at 12.7%
Q4 FY18 ₹ Revenue up by 6% Q-o-Q and 12.6% Y-o-Y
Net Cash Balance as at March 31, 2018 stood at ₹3.18 Billion (₹0.77 Billion as at March 31, 2017)
FY19 Growth Outlook of 8% - 10% in USD Revenue 

Management comments

Commenting on the performance of Q4 FY18, Ravi Pandit, Co-founder, Chairman & Group CEO, KPIT said, “We are encouraged by the revenue growth during the quarter, led by engineering and certain segments of Business IT viz. Digital and ePLM. We will continue to invest in future technologies relevant for our customers. We are progressing well on the Merger-Demerger transaction, with all regulatory filings on track.”

Kishor Patil, Co-founder, CEO & MD, KPIT said, “We are back to industry leading growth, with FY18 registering a healthy growth of ~15%. We have seen reassuring margin improvement in Business IT during the year. We expect to register a growth of 8% to 10% in USD revenues for FY19 with operational EBITDA Margins in the range of 11.5% to 12.5%.”

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. 

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