This Multibagger Automotive Software Company posted robust Q2 results, PAT up by 44 per cent
Net profit saw a sharp rise of 44.1 per cent, reaching Rs 203.8 crore, up from Rs 141.4 crore in the corresponding quarter of the previous fiscal year
KPIT Technologies, a leading automotive software company, announced its second-quarter results on Wednesday during market hours, showcasing strong financial performance.
Revenue Growth and Profitability Outlook
The Pune-based company reiterated its financial guidance for FY25, maintaining its revenue growth outlook between 18 to 22 per cent, with an EBITDA margin projection of 20.5 per cent.
Q2FY25 Financial Performance
KPIT Technologies delivered robust financial results for Q2FY25, with notable improvements across key metrics. Revenue from operations surged by 22.7 per cent to Rs 1,471.4 crore, compared to Rs 1,199.2 crore in the same period last year, driven by strong demand for its automotive software solutions.
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EBIT (Earnings Before Interest and Tax) increased by 30.5 per cent, rising to Rs 250.3 crore from Rs 191.8 crore a year ago. The EBIT margin expanded by 100 basis points, improving from 16 per cent in Q2FY24 to 17 per cent in Q2FY25.
Net profit saw a sharp rise of 44.1 per cent, reaching Rs 203.8 crore, up from Rs 141.4 crore in the corresponding quarter of the previous fiscal year, boosted by revenue growth and margin expansion.
Capital Raise via QIP
The board of KPIT Technologies approved raising up to Rs 2,880 crore through a Qualified Institutional Placement (QIP) or other permissible methods. The company stated that the capital raise will support its long-term growth plans and strategic goals in the automotive technology sector.
Disclaimer: The article is for informational purposes only and not investment advice.