IT Consulting & Software company KPIT Technologies announced Q1FY25 results: Q1FY25 Net Profit at Rs 2,042 million 52.4% (incl one-time gain) growth in profit YoY Q1FY25 EBITDA at 21.1% YoY EBITDA growth of 31.0% USD 202 million worth engagements closed in the quarter Healthy Pipeline level across practices Q1FY25 Profit (PAT) grows 42.2% YoY QoQ CC growth of 4.7% and reported USD growth of 3.7%. Growth led by passenger cars. EBITDA margins improved to 21.1% post two months of ESOP cost and quarterly promotions, mainly due to fixed cost leverage. Sequential EBITDA growth of 5.6% Net Cash Balance at the end of the quarter stood at Rs 10.01 billion, depicting a net cash addition of Rs 1.50 billion. DSO at the end of the quarter stood at 46 Days. Kishor Patil, Co-founder, CEO and MD, KPIT said,” We have started the year on a positive note with an all-round robust performance. While the mobility industry is going through certain pressures on the demand and profitability fronts, we are proactively investing in creating relevant large, differentiated offerings to support our clients reduce their costs and time-to-market. We are also investing in adjacencies and newer geographical markets. We expect creation of meaningful growth opportunities via both these investments and continue with the growth momentum, paving way for a fair demand visibility in the medium term.” Sachin Tikekar, Co-founder and Joint MD, KPIT said,” Our attention remains on making Software Defined Vehicles (SDV) a reality for our clients, so that they realize its benefits. We are working on productivity and competency improvement aided by AI, to improve our competitiveness and offer differentiated offerings to clients. The attrition numbers continue to drop further, justifying our continual investments in overall people development. Sustainability, in line with our Vision of ‘a cleaner, safer and smarter world’ is one of the prime key result areas for us. We are anchoring our goals on Science Based Targets (SBTs) towards carbon neutral footprint of our own.” Result PDF