KPIT Announces the Result of Fiscal Year Ended March 31, 2018

KPIT reported its consolidated financial results for the fourth quarter and

Highlights for the quarter ended March 31, 2018

• Q4 FY18 PAT at ₹760 Million, a Q-o-Q growth of 23.2%, Y-o-Y growth of 41.6%
• Q4 FY18 reported EBITDA at 11.4%, Operational EBITDA without transaction expenses at 12.7%
• Q4 FY18 ₹ Revenue up by 6% Q-o-Q and 12.6% Y-o-Y
• Net Cash Balance as at March 31, 2018 stood at ₹18 Billion (₹0.77 Billion as at March 31, 2017)
• FY19 Growth Outlook of 8% - 10% in USD Revenue  

Management comments

Commenting on the performance of Q4 FY18, Ravi Pandit, Co-founder, Chairman & Group CEO, KPIT said, “We are encouraged by the revenue growth during the quarter, led by engineering and certain segments of Business IT viz. Digital and ePLM. We will continue to invest in future technologies relevant for our customers. We are progressing well on the Merger-Demerger transaction, with all regulatory filings on track.”

Kishor Patil, Co-founder, CEO & MD, KPIT said, “We are back to industry leading growth, with FY18 registering a healthy growth of ~15%. We have seen reassuring margin improvement in Business IT during the year. We expect to register a growth of 8% to 10% in USD revenues for FY19 with operational EBITDA Margins in the range of 11.5% to 12.5%.”