“We started the year in line with our expectations on a strong note, delivering growth, expansion in operating margins, and sharper growth in net profit. The Mobility Industry is buoyant with increased investments in electrification, autonomous and digital cockpit. We remain confident on growth momentum with sustained margins during the remainder of the year,” said Kishor Patil, CEO and MD, KPIT.
Europe and the US, which are the main markets for the company, contributing about a third of the total revenues each grew at 18 per cent and 15.7 per cent respectively over the past year. The company has said that it would focus on mining its top 25 accounts to deepen their engagement. Revenues from its top 21 clients increased by 16.4 per cent on a year-on-year basis.
“Our engagements with our T25 clients continue to get deeper and more strategic. Our aim has been to help our clients in their software-led transformation through profound expertise in relevant practices and create greater value to them through our PTAs (Platforms, Tools and Accelerators). We are investing more in our employees for them to realize their true potential,” said Sachin Tikekar, President and Whole-time Director, KPIT. “We are in serious discussion with larger and longer-term engagements with our strategic clients as they accelerate their initiatives towards CASE (Connected, Autonomous, Shared and Electric). Our operating metrics are reflective of the above points, depicting continual improvement, every passing quarter,” he said.
The total headcount at the end of the quarter was 6,564.
