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New Delhi: Pune-based KPIT Technologies on Tuesday reported a 53% increase in net profit to INR 134 crore in the April-June 2023 quarter. The company’s revenue from operations grew over 60% to INR 1,098 crore as against INR 686 crore in the year-ago period.
Kishor Patil, Co-founder, CEO and MD, KPIT said, “We have started the year on a positive note and have delivered a robust all-round performance in line with our expectations of a stronger first half. Opportunities remain stronger as mobility players continue to invest in new technologies, in the areas of electrification, vehicle autonomy, connectivity and personalization. We have a healthy pipeline and are slightly ahead in the ramp up of the mega strategic engagements announced last year. This gives us a fair medium-term visibility and we are confident of reaching our stated outlook of revenue growth and operating margins for FY2024”.
Sachin Tikekar, Co-founder and Joint MD, KPIT said, “We are experiencing greater traction with our strategic clients as we move further in creating trusted partnerships with our clients to help them accelerate their transformation. The attrition has been consistently falling over the last 3 quarters.”
He said the company is investing in improving the quality of hires and building the right competencies and technologies to enable flawless execution. We have started baselining sustainability and co-creating a roadmap with our employees and look forward to scaling our impact in creating a cleaner, smarter, safer world in the years to come through our offerings, operations, and employees.
