IT consulting & software firm KPIT Technologies announced Q3FY23 results: Q3FY23: Q3FY23 Revenue Growth of 31.9% YoY, 17.3% QoQ. Q3FY23 Revenue Organic CC Growth of 24.6% YoY and 4.9% QoQ. Q3FY23 Net Profit at Rs 1,005 million.Net Profit growth of 43.5% YoY and 20.4% QoQ. Q3FY23 EBITDA at 18.5%. EBITDA growth of 47.7% YoY and 22.9% QoQ. Engagements & Outlook on track to beat FY23 growth outlook TCV of US$ 272 million won during the quarter. Higher other income to the tune of ~ Rs 90 million (Rs 185 million in Q3FY23 vs Rs 95 million in Q2FY23) on account of translation related foreign exchange gains resulting mainly from strong rupee depreciation against the Euro and GBP Net Cash at the quarter end stood at Rs 6.75 billion post Acquisition related payout of Euro 60 Million which was done solely through internal accruals. DSO stood at 51 days. Interim Dividend of Rs 1.45 per share declared. Kishor Patil, Co-founder, CEO and MD, KPIT said,” KPIT’s focus over the last 20+ years on the Mobility Industry is resulting in consistent growth and robust medium-term visibility. Q3FY23 performance has been better than expectations. Our performance, coupled with a healthy pipeline and demand driven by client investments in Software Defined Vehicles, gives us the confidence of beating our FY23 growth outlook. We are pleased to have the Technica family on board KPIT and contemplate scaling greater heights together. These are exciting times, and we look forward to sustainable profitable growth in the medium term.” Sachin Tikekar, President and Joint MD, KPIT said,” Our engagements with Strategic Clients are progressively becoming more pertinent and partnership oriented. We are committed to investments in new-age technologies, relevant to the Mobility Industry, to further strengthen our solutions for accelerating the transformation journey of our clients. Our attention is on ensuring successful delivery of large complex engagements, that are also critical to the success of our clients. The employee turnover has shown a declining trend over last 2 quarters. We expect this trend to stay, going forward. We continue to focus on attraction, development and retention of relevant talent, across the globe.” Result PDF