The growth was led by middleware and powertrain domains.
24 Jul 2024 | 2983 Views | By Autocar Professional Bureau
KPIT Technologies, a supplier of software to the automotive and mobility ecosystems, reported net profit of Rs 204.16 crore during Q1FY25 growing at 52.4% YoY.
The revenues, on the other hand, stood at Rs 1364 crore, a jump of around 24% YoY. The growth was led by middleware and ...
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KPIT Technologies, a supplier of software to the automotive and mobility ecosystems, reported net profit of Rs 204.16 crore during Q1FY25 growing at 52.4% YoY.
The revenues, on the other hand, stood at Rs 1364 crore, a jump of around 24% YoY. The growth was led by middleware and powertrain domains.
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 the 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, President and Joint MD, KPIT said, “Our attention remains on making Software Defined Vehicles (SDV) a reality for our clients, so that they realise 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.”