In-line Performance; Value Unlocking on the Cards KPIT Technologies (KPIT) has delivered in-line performance in 3QFY18 with revenue remaining flattish (-0.4% QoQ) at US$141.2mn. Whist revenue from Product Engineering business grew by 2.8% QoQ, revenue from other segments i.e. IES, Products & Platforms, SAP, Digital and Transformation sequentially declined by 0.8%, 8.3%, 3% and 2.8%, respectively. EBITDA margin expanded by 98bps QoQ owing to higher utilisation and cost control. Despite 77.7% QoQ decline in other income owing to forex losses, KPIT's net profit grew by 3.3% QoQ on the back of lower effective tax rate. From vertical perspective, revenue from Energy & Utilities and...