#KPITTechnologies #Q2Results #ProfitGrowth #RevenueGrowth #TechEarnings
KPIT Technologies announced its Q2FY25 financial performance, showcasing growth across key metrics. The company's dollar revenue grew by 19.3% year-over-year (YoY), reaching $173 million, with constant currency (CC) revenue growth at 20.1% YoY. EBITDA margins stood strong at 20.8%, representing a 27.7% growth YoY and 5.6% sequential growth. KPIT closed $207 million worth of engagements during the quarter, driven by success in the Middleware and Powertrain domains, with significant contributions from the Asia region and the Passenger Car vertical.The company maintained its FY25 outlook, projecting CC revenue growth in the 18-22% range and an EBITDA margin of over 20.5%. KPIT's profit after tax (PAT) surged by 44.7% YoY to INR 2037 million, including a one-time gain.Sachin Tikekar, President and Joint MD, emphasized the company's strategic focus on the Mobility industry, helping clients reduce vehicle costs and time-to-market. He highlighted the successful efforts in expanding market opportunities, especially in Trucks and Off-Highway sub-verticals, and noted the company's continued investments in talent development and sustainability initiatives.Watch Exclusive Chat with Priya Hardikar, CFO, and Sachin Tikekar, President & Joint MD of KPIT Technologies on Q2 Results and Future Growth Plans.
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