Details | Unit | Q2FY19 | Q1FY19 | FY18 |
Reported EBITDA | Rs. Mn | 1,466 | 1,228 | 3,785 |
Merger-Demerger Transaction Expenses | Rs. Mn | 172 | 108 | 169 |
Operational EBITDA | Rs. Mn | 1,638 | 1,336 | 3,954 |
Reported EBITDA Margin | % | 13.59% | 12.11% | 10.33% |
Operational EBITDA Margin | % | 15.18% | 13.18% | 10.79% |

IES SBU contributed 23.8% of the total revenue for the quarter. The New age technologies in Oracle and JDE around cloud have been growing well, albeit there is reduction in traditional ERP work resulting in a sequential decline of 6%. ePLM business which was included in IES SBU has been regrouped under Digital Technologies (DT) since it is more aligned to DT than Oracle.
SAP SBU contributed 17% of the total revenue for the quarter. The New age technologies in SAP around Cloud, HANA and Hybris have been growing well, albeit there is reduction in traditional ERP work resulting in a sequential decline of 2.6%.
We have gained significant recognitions in the newer technologies in both Oracle as well as SAP, as evidenced by the following recognitions:
- KPIT won the "Oracle Excellence Award 2018" in the "SCM Cloud Partner of the Year" category at the Oracle India Partner Forum FY19.
- KPIT won the "Oracle Monetization Cloud" award in Asia Pacific at the Oracle Communications "Customer Advisory Board" meeting held in Bangkok, Thailand.
- KPIT won the "SAP Customer Experience Americas Service Delivery Partner for 2018" award at the SAP Customer Experience LIVE event in Barcelona, Spain held between Oct 10-12, 2018.
Oracle
- The Oracle business saw some softness during the quarter which we believe is limited to only this quarter. We are strengthening our relationship with Oracle and focusing on sales for platform services. We will continue to focus on cloud, though we are working on validating strategy changes, if any.
- Growth in IoT and Big Data with focus on smart data are the continuing trends. While majority of the customers are willing to move ERPs to the cloud, security on public cloud is the key restrictive parameter.
- JDE Upgrades, Infor, Oracle Cloud, JDE on Cloud, EBS upgrades and roll outs, Migration to cloud and Oracle SaaS product launches are the major areas of traction.
- KPIT has achieved Oracle Cloud Excellence Implementer (CEI) status in Oracle ERP Cloud in North America. We were already a CEI member having achieved CEI status in Supply Chain Management (SCM), Product Hub, Procurement and ERP Financial management.
SAP
- We have been witnessing some softness in SAP SBU over the last couple of quarters. We believe this will continue for another quarter. We have a good pipeline and believe we should be back on the growth path at the beginning of the next calendar year.
- Our key growth areas continue to be HANA, Cloud, Hybris and C4C Solutions.
IMS
- There is good traction on the Transformation to cloud scope of services and there are multiple cloud deals for ERP and business application hosting.
- Based on the customer interest, we are developing solutions and offering services in areas such as robotic process automation, Security, Hybrid Enterprise cloud transformation, smart workplace (digital and mobile technologies) and integrated tools stack.
Thought Leadership (Business IT)
- KPIT - an Oracle Platinum Partner with a focus in Transportation Management, exhibited at the 2018 OTM User Conference in Philadelphia, Pennsylvania (USA) between August 5-8, 2018.
- KPIT was an exhibitor at the 2018 OTM User Conference in Bengaluru, Karnataka (India) held between September 6-7, 2018. The team presented KPIT's Logistics and Compliance Differentiators.
- KPIT was a Silver Sponsor and Exhibitor at SuccessConnect 2018 Las Vegas, Nevada (USA) – where it showcased services within the SAP Human Capital Management space
The overall digital revenues including ePLM and digital in SAP and Oracle are ~ 41% of the Business IT revenues (39% last quarter) of the company. DT SBU (which addresses DT and ePLM, outside of SAP and Oracle) constituted 15.2% of the total revenue for the quarter with sequential growth of 1.7%.
- We see traction across Edge computing for IoT projects, BOT as a Service, Connected product initiatives mainly in medical device industry.
- As part of business strategy to speed up application development, get scale and reduce costs, customers are opting for Low-code or No-code platforms.
- There is also rise in pilot projects for digital transformation roll out.
- KPIT has launched Smart Accelerators for lights and meters. These accelerators are part of KPIT's Smart Cities and Utilities framework and are built on PTC's ThingWorx platform.
ePLM
- Smart Connected Product Design is a topic of interest amongst customers in line with their Digital engineering initiative.
- Regulation compliance is another area presenting growth opportunity mainly in the medical devices sector.
- During this quarter, majority of the deal wins were in areas of PLM & ALM implementation and support.
Thought Leadership
- KPIT has become the first System Integrator (SI) in the aerosol industry to become the member of the Industrie-Gemeinschaft Aerosole e.V. (IGA) [Industrial Community Aerosol] consortium in Germany. The membership demonstrates KPIT's unparalleled expertise in technologies such as MES (Manufacturing Execution Systems) and Analytics for the aerosol industry.
- KPIT participated in the 3rd IOT Global Innovation Forum held between July 10-11, 2018 at Portland, Oregon (USA), and mentioned about success stories of customers who are leveraging IIoT, through a speaker session.
- KPIT has launched the first Centre of Excellence (CoE) showcasing PTC Technology in the US at KPIT's Raleigh, North Carolina location.
- KPIT's team of Digital Transformation experts exhibited at the Enterprise Wearable Technology Summit 2018 in Austin, Texas (USA) between October 9-11, 2018. The team displayed enterprise wearable solutions to help clients get an immersive experience across all close-loop manufacturing processes to help build productive and safer organizations.
PES SBU contributed 39.7% of the total revenue for the quarter, depicting a sequential growth of 5.1%.
- We have seen strong growth in the PES SBU over the last 6+ quarters and expect the trend to continue going forward. Last financial year, we grew by 30%+ in PES and in H1 of FY19, growth has been 30%+ over H1 of FY18.
- We see increasing growth from our Top Accounts and these strategic customers will drive majority of the growth going forward.
- There is greater traction in Autonomous driving solutions, ePowertrain and AUTOSAR domains and majority of the deal wins during this quarter have been in the same space.
Thought Leadership (Engineering)
- KPIT recently authored article on "Model & Network Based Diagnostics" in HANSER Automotive, a leading German magazine covering all domains in automotive electronics.
P&P SBU contributed 4.3% to the total revenue for the quarter and it grew sequentially by 33.7%.
- Our Strategy for the Products and Platforms going forward is to focus only on Software Platforms, Hardware Design and Software Integration with the Hardware. Wherever required, we will work with a hardware partner. This strategy will help us focus on our strength, which is software platforms. This focus, along with a strong hardware partner, if required will help us strengthen our go-to-market. We anticipate this transition to happen over the next 1-2 quarters. Once stabilized, this will reduce quarterly fluctuations and help improve the profitability of this business.
- KPIT won the award in EMobility India Week 2018 under the award category- Electric Vehicle IT Innovation of the year Award.
Automotive vertical contributed 47.9% of total revenue for the quarter, registering a Q-o-Q growth of 4.1%.
- Automotive Vertical continues to be one of the fastest growing verticals for us. Green, Autonomous and Connected are the mega trends in this vertical. 90%+ of the product innovations in new feature development are driven by electronics. With the increasing focus on electric vehicles and autonomous features, newer OEMs and ecosystem partnerships are increasing.
- ADAS, Infotainment, Diagnostics and AUTOSAR are the key areas of traction in the automotive vertical for us. We are engaging with customers in these strategic areas. We continue to build leadership, domain expertise and drive innovation in these key areas.
- We are investing in regional development centers and increasing our focus on global hiring of specific domain skills to further strengthen our positioning in this vertical.
Manufacturing vertical contributed 27% of total revenue for the quarter, depicting a Q-o-Q decline of 6.9%.
- The Life Sciences industry is going through major changes and is subject to strict regulatory requirements. We see significant M&A and divestiture activities requiring agile corporate and IT strategies. The key trends here are convergence of Life Sciences and Healthcare, wide proliferation of connected devices, stringent statutory compliances, higher customer expectations and pressure to innovate. We provide a complete set of offerings across the entire value chain of Life Sciences and Medical Device companies - from discovery, trials, and production to sales and marketing, field service and support.
- The Key trends in the Consumer and Industrial Goods Industry are intense competitive pressures and cost reduction targets, supply chain optimization, agile IT to keep pace with fast changing business environment and corporate restructuring. We partner with customers in these verticals to help them reorganize their IT strategy, optimize the value chain and thus become more productive and standardize IT systems, infrastructure and data across global locations
- High Tech companies, operating on the cutting edge of technology, are reimagining their business models based on the nexus of IoT, Cloud, Analytics, Mobile and Social (iCAMS). Across the highly competitive global market, business consolidations are common, with companies positioning themselves as digital businesses and platform companies. KPIT provides offerings across the value chain - from product ideation to conceptualization, prototype, production to sales and aftermarket support.
- In the Manufacturing Verticals, we see traction in New age ERP, PLM Solutions, Digital, IoT, Big Data and cloud enablement.
Energy vertical contributed 12.8% of the total revenue for the quarter depicting a sequential growth of 3.1%.
- Energy and Resources vertical is witnessing significant M&A activities, increasing global competition, variations in demand due to efficient vehicles and alternate fuel technologies, stricter regulatory compliances and pressure to innovate across processes, products, services and experience. We help Energy and Resources companies to deliver better experiences, improve operational efficiencies, optimize asset utilization and gain sustained performance. We see traction in cloud adoption, PLM, asset management, operational technologies and supply chain solutions.
Utilities vertical contributed 5.3% of the total revenue for the quarter depicting a sequential decline of 7.3%.
- The major trends in the Utilities Industry today are convergence of information and operations technology, increased use of connected devices, increasing regulatory requirements, changing customer engagement models, focus on renewable energy generation and innovations in operations. We focus on Operations Excellence, Workforce Enablement, Business Transformation, Customer Experience, Digital Transformation and Technology expertise to serve our customers in the Utilities vertical. We bring a multidisciplinary approach synchronizing people, process and technology to deliver results across the entire value chain of Utilities, for regulated as well as deregulated Utilities.
- The US Geography continues to be the largest geography for us with a revenue share of 61.7% and it declined by 1% on a Q-o-Q basis. The major areas of traction in the US Geography are Digital, ePLM, MES, S/4 and Oracle Cloud. We also see good opportunities for JDE in certain areas. Life Sciences and Energy are the two leading verticals from the current opportunities point of view. We continue to invest in people and hire laterals as well as fresh graduates at our centers in Raleigh and Detroit.
- Europe geography with a revenue share of 22.8%, grew by 15.5% sequentially during this quarter. We see the growth in Europe geography sustain over a period, led by Germany and Auto Engineering. In Engineering we see greater opportunities in AD-ADAS, ePowertrain, Infotainment and AUTOSAR whereas in Business IT the major areas of traction are Digital Technologies, Infor and IMS. We continue to invest in our local delivery center in Munich to provide best in class solutions to our customers with a near shore presence and integrated global delivery model.
- During this quarter, we saw a decline of 6.8% in Asia geography mainly due to reduction in AIS 140 shipments and the cross-currency impact. The geography contributed 15.5% to the total revenues. We could see good traction for us around 'Mobility' and 'Electric Vehicles' market out of ASEAN region in Asia. Multiple countries in ASEAN region are looking at new 'National Car' programs and most of these initiatives are around Electric Vehicle platforms where KPIT can play a significant role as 'Technology partner'. We are working on some large deals in the Asian geography and expect closure on a few of them in the coming quarters.
*All the revenue growth numbers mentioned under IBU, Geography and SBU update are in equivalent $ terms.
- We have filed 1 patent during the quarter in automotive (ADAS) domain. With this the total number of patents filed as on Q2 FY19 end stood at 58, including 54 patents with complete specifications.
- We were also granted 1 patent during this quarter taking the total count of granted patents to 45. The details of granted patent in Q2 FY19 are mentioned below:
Patent Number | Patent Title | Country | Domain |
10106066 | Head Restraint System | US | Vehicle System |
- An American multinational corporation specializing in the Oil & Gas industry chose KPIT for an Oracle EBS AMS project.
- A leading global marine and offshore engineering company, based out of the Asia-Pacific region chose KPIT for a PeopleSoft rollout project.
- A Europe based company producing distilled beverages chose KPIT for a JD Edwards Upgrade project in the North American region.
- A Fortune 500 company headquartered in North America, operating across a gamut of industrial segments chose KPIT for a PLM Consolidation to Windchill project.
- The Europe arm of an Asia-Pacific headquartered company, specializing in wind energy solutions chose KPIT for PLM and ALM implementations.
- One of the world’s largest manufacturers of doors and windows, based out of North America chose KPIT for an SAP Business Suite implementation project.
- KPIT was chosen by a Global carmaker for its expertise within the Autonomous Driving space.
- A leading multinational Automotive Tier 1 chose KPIT for its Adaptive AUTOSAR capabilities.
- A large Automotive OEM chose KPIT for its Electric Powertrain capabilities.
- KPIT was chosen by a major multinational Automaker as a strategic engagement partner in the Electro Mechanical Design Services (eMEDS) space.
Revenue Update
Profitability
Details | Rs. Million |
Cash Profit for Q2 FY19 | 1,188 |
Working Capital Adjustments | (553) |
Cash Generated from Operations | 635 |
Fixed Assets | (269) |
Balance Cash Flow | 366 |
Dividend Payment | (554) |
Debt Repayment | (249) |
Total Increase/(Decrease) in cash balance | (438) |
Total Net Cash balance as at Q1 FY19 end | (3,303) |
- The Cash Balance as at September 30, 2018 stood at Rs. 6,096 Million (Rs. 6,533 Million as on June 30, 2018).
- The DSO were at 77 days, at the quarter end.
- As on September 30, 2018 our total debt stood at Rs. 2,793 Million (Rs. 3,035 Million as of June 30, 2018) comprising of Rs. 902 Million of Term Loan and Rs. 1,891 Million of Working Capital Loan.
- Thus, the Net Cash Balance as at September 30, 2018 stood at Rs. 3,303 Million (Rs. 3,498 Million as on June 30, 2018).
Rs. Million |
Q2 FY19
|
Q1 FY19
|
Q-o-Q Growth
|
Q2 FY18
|
Y-o-Y Growth
|
Sales |
10,788.69
|
10,138.40
|
6.41%
|
9,160.23
|
17.78%
|
Employee Benefit Expenses |
6,450.91
|
6,310.73
|
2.22%
|
5,738.22
|
12.42%
|
Cost of materials consumed |
16.16
|
50.12
|
(67.76%)
|
183.68
|
(91.20%)
|
Depreciation & Amortization Expenses |
367.73
|
270.48
|
35.95%
|
192.61
|
90.92%
|
Other Expenses |
2,855.78
|
2,549.27
|
12.02%
|
2,335.60
|
22.27%
|
Total Expenses |
9,690.58
|
9,180.60
|
5.55%
|
8,450.11
|
14.68%
|
Profit before Other Income, Finance costs & Exceptional Item |
1,098.11
|
957.80
|
14.65%
|
710.12
|
54.64%
|
Other Income |
70.01
|
162.04
|
(56.79%)
|
114.00
|
(38.59%)
|
Profit before Finance costs & exceptional Items |
1,168.12
|
1,119.84
|
4.31%
|
824.12
|
41.74%
|
Finance costs |
56.59
|
53.59
|
5.60%
|
25.90
|
-
|
Profit after Finance costs & before exceptional Items |
1,111.53
|
1,066.25
|
4.25%
|
798.22
|
39.25%
|
Exceptional Items |
-
|
-
|
-
|
-
|
-
|
Profit Before Tax |
1,111.53
|
1,066.25
|
4.25%
|
798.22
|
39.25%
|
Tax Expenses |
235.13
|
240.70
|
(2.31%)
|
194.78
|
20.72%
|
Net Profit from ordinary activities after Tax |
876.40
|
825.55
|
6.16%
|
603.44
|
45.23%
|
Extraordinary Items |
-
|
-
|
-
|
-
|
-
|
Net Profit for the Period |
876.40
|
825.55
|
6.16%
|
603.44
|
45.23%
|
Share of profit from associate |
(50.68)
|
(39.60)
|
27.98%
|
-
|
-
|
Minority Interest |
5.13
|
11.62
|
(55.85%)
|
6.24
|
(17.75%)
|
PAT |
820.59
|
774.33
|
5.97%
|
597.20
|
37.41%
|
Other Comprehensive Income |
444.07
|
200.65
|
-
|
83.03
|
-
|
Total Comprehensive income for the period |
1,264.66
|
974.98
|
29.71%
|
680.23
|
85.92%
|
Paid up Capital |
381.29
|
379.86
|
-
|
377.15
|
-
|
EPS (Rs. 2/-Face Value each) |
|
|
|
|
|
- Basic |
4.23
|
4.00
|
5.65%
|
3.11
|
36.09%
|
- Fully Diluted |
4.11
|
3.88
|
5.95%
|
3.00
|
36.84%
|
Common Size Analysis: |
|
|
|
|
|
Gross Profit Margin |
33.33%
|
32.01%
|
1.32%
|
28.07%
|
5.26%
|
SG&A / Revenue |
19.74%
|
19.89%
|
(0.15%)
|
18.22%
|
1.53%
|
EBITDA Margin |
13.59%
|
12.12%
|
1.47%
|
9.85%
|
3.73%
|
Net Profit Margin |
7.61%
|
7.64%
|
(0.03%)
|
6.52%
|
1.09%
|
Rs. Million |
H1 FY19
|
H1 FY18
|
Y-o-Y Growth
|
Sales |
20,927.09
|
17,863.84
|
17.15%
|
Employee Benefit Expenses |
12,761.64
|
11,125.21
|
14.71%
|
Cost of materials consumed |
66.28
|
303.03
|
(78.13%)
|
Depreciation & Amortization Expenses |
638.21
|
382.98
|
66.64%
|
Other Expenses |
5,405.05
|
4,737.95
|
14.08%
|
Total Expenses |
18,871.18
|
16,549.17
|
14.03%
|
Profit before Other Income, Finance costs & Exceptional Item |
2,055.91
|
1,314.67
|
56.38%
|
Other Income |
232.05
|
234.53
|
(1.06%)
|
Profit before Finance costs & exceptional Items |
2,287.96
|
1,549.20
|
47.69%
|
Finance costs |
110.18
|
51.50
|
-
|
Profit after Finance costs & before exceptional Items |
2,177.78
|
1,497.70
|
45.41%
|
Exceptional Items |
-
|
25.55
|
-
|
Profit Before Tax |
2,177.78
|
1,523.25
|
42.97%
|
Tax Expenses |
475.83
|
364.58
|
30.51%
|
Net Profit from ordinary activities after Tax |
1,701.95
|
1,158.67
|
46.89%
|
Extraordinary Items |
-
|
-
|
-
|
Net Profit for the Period |
1,701.95
|
1,158.67
|
46.89%
|
Share of profit from associate |
(90.28)
|
-
|
-
|
Minority Interest |
16.75
|
6.94
|
-
|
PAT |
1,594.92
|
1,151.73
|
38.48%
|
Other Comprehensive Income |
644.72
|
131.61
|
-
|
Total Comprehensive income for the period |
2,239.64
|
1,283.34
|
74.52%
|
Paid up Capital |
381.29
|
377.15
|
-
|
EPS (Rs. 2/-Face Value each) |
|
|
|
- Basic |
8.23
|
5.99
|
37.31%
|
- Fully Diluted |
7.98
|
5.78
|
38.02%
|
Common Size Analysis: |
|
|
|
EBITDA Margin |
12.87%
|
9.50%
|
3.37%
|
Net Profit Margin |
7.62%
|
6.45%
|
1.17%
|
Q2 FY19
|
Q1 FY19
|
Q-o-Q Growth
|
Q2 FY18
|
Y-o-Y Growth
|
|
Revenue Spread - Geography | |||||
USA |
61.67%
|
63.12%
|
3.98%
|
63.69%
|
14.04%
|
Europe |
22.84%
|
20.04%
|
21.26%
|
18.46%
|
45.72%
|
Rest of World |
15.49%
|
16.84%
|
(2.11%)
|
17.85%
|
2.23%
|
Revenue Spread - Verticals |
|
|
|
|
|
Automotive & Transportation |
47.95%
|
46.66%
|
9.35%
|
43.99%
|
28.36%
|
Manufacturing |
27.03%
|
29.43%
|
(2.28%)
|
30.41%
|
4.69%
|
Energy & Utilities |
18.14%
|
18.41%
|
4.82%
|
17.37%
|
22.96%
|
Others |
6.89%
|
5.49%
|
33.41%
|
8.23%
|
(1.41%)
|
Revenue Spread - by SBU* |
|
|
|
|
|
Integrated Enterprise Solutions |
23.81%
|
25.65%
|
(1.24%)
|
26.99%
|
3.89%
|
Product Engineering Services |
39.66%
|
38.23%
|
10.40%
|
33.71%
|
38.59%
|
Products & Platforms |
4.30%
|
3.26%
|
40.37%
|
4.17%
|
21.39%
|
SAP |
17.02%
|
17.70%
|
2.30%
|
20.51%
|
(2.30%)
|
Digital Transformation^ |
15.22%
|
15.16%
|
6.83%
|
14.62%
|
22.56%
|
Customer details |
|
|
|
|
|
No. of Customers Added |
4
|
3
|
-
|
4
|
-
|
No. of Active Customers |
248
|
244
|
-
|
234
|
-
|
Customers with run rate of >$1Mn |
93
|
93
|
-
|
93
|
-
|
Strategic Top 20 Clients |
52.75%
|
52.51%
|
6.90%
|
49.61%
|
25.25%
|
Strategic Top 40 Clients |
64.90%
|
65.06%
|
6.14%
|
59.82%
|
27.77%
|
Onsite / Offshore Split |
|
|
|
|
|
Onsite Revenues |
54.13%
|
54.20%
|
6.29%
|
55.15%
|
15.60%
|
Offshore Revenue |
45.76%
|
45.14%
|
7.87%
|
42.72%
|
26.14%
|
SI# |
0.11%
|
0.66%
|
(82.15%)
|
2.13%
|
(93.83%)
|
Revenue by Contract Type |
|
|
|
|
|
Time and Material Basis |
56.87%
|
59.78%
|
1.23%
|
61.63%
|
8.68%
|
Fixed Price / Time Basis |
43.02%
|
39.55%
|
15.74%
|
36.24%
|
39.80%
|
SI# |
0.11%
|
0.66%
|
(82.15%)
|
2.13%
|
(93.83%)
|
Debtors (days) |
77
|
73
|
-
|
73
|
-
|
Human Resources – Details |
Q2 FY19
|
Q1 FY19
|
Q-o-Q Growth
|
Q2 FY18
|
Y-o-Y Growth
|
Development Team - Onsite (Avg.) |
1,886
|
1,856
|
-
|
1,751
|
-
|
Development Team - Offshore (Avg.) |
10,251
|
9,965
|
-
|
9,469
|
-
|
Onsite FTE |
1,775
|
1,734
|
2.38%
|
1,621
|
9.53%
|
Offshore FTE |
7,459
|
7,098
|
5.08%
|
6,648
|
12.19%
|
Total FTE |
9,234
|
8,832
|
4.55%
|
8,269
|
11.67%
|
Development (at Quarter end) |
12,244
|
12,040
|
-
|
11,070
|
-
|
Gen Management / Support (at Quarter end) |
663
|
651
|
-
|
630
|
-
|
Marketing (Subsidiaries) (at Quarter end) |
262
|
260
|
-
|
246
|
-
|
Total (at Quarter end) |
13,169
|
12,951
|
-
|
11,946
|
-
|
Onsite utilization |
94.12%
|
93.42%
|
-
|
92.56%
|
-
|
Offshore utilization |
72.76%
|
71.23%
|
-
|
70.21%
|
-
|
The currency market has been extremely volatile in the recent period and the company has major exposure in 3 currencies- USD, Euro and GBP. As per our hedging policy, we cover 75% of the net exposure through forward contracts for the next two quarters.
Total amount of USD hedges as on 30th September 2018 : $49.05 Million
These hedges are maturing in the next 2 quarters and average rate for these hedges is Rs. 70.42/$
Balance Sheet Summary: As at (Rs. Million) |
30-Sep-18
|
30-Jun-18
|
Assets: | ||
Non-current Assets: |
11,086.15
|
10,889.29
|
Fixed Assets |
4,464.27
|
4,562.07
|
Goodwill |
4,613.11
|
4,400.16
|
Other Non-current assets |
2,008.77
|
1,927.06
|
Current Assets: |
18,401.73
|
17,568.53
|
Inventories |
151.93
|
263.30
|
Trade Receivables |
9,827.45
|
8,427.97
|
Cash & bank balances |
4,261.03
|
4,881.75
|
Other Current Assets |
4,161.32
|
3,995.51
|
Total Assets |
29,487.88
|
28,457.82
|
Equity & Liabilities: |
|
|
Equity: |
20,025.36
|
19,226.89
|
Share Capital |
381.29
|
379.86
|
Other Equity |
19,589.27
|
18,800.07
|
Non-controlling Interest |
54.80
|
46.96
|
Non-current Liabilities: |
1,541.08
|
1,624.31
|
Financial liabilities |
737.72
|
859.41
|
Provisions |
800.72
|
764.65
|
Deferred tax liabilities |
2.64
|
0.25
|
Current Liabilities: |
7,921.44
|
7,606.62
|
Short term borrowings |
1,874.76
|
1,993.06
|
Trade Payables |
1,488.32
|
1,665.45
|
Other Current liabilities |
4,558.36
|
3,948.11
|
Total Equity & Liabilities |
29,487.88
|
28,457.82
|
KPIT (BSE:532400, NSE: KPIT) is a global technology company specializing in providing IT Consulting and Product Engineering solutions and services to Automotive, Manufacturing, Energy & Utilities and Life Sciencescompanies. Together with its customers and partners, it creates and delivers technologies to enable creating a cleaner, greener and more intelligent world that is sustainable and efficient.
Some of the statements in this update that are not historical facts are forward-looking statements. These forward-looking statements include our financial and growth projections as well as statements concerning our plans, strategies, intentions and beliefs concerning our business and the markets in which we operate. These statements are based on information currently available to us, and we assume no obligation to update these statements as circumstances change. There are risks and uncertainties that could cause actual events to differ materially from these forward-looking statements. These risks include, but are not limited to, the level of market demand for our services, the highly-competitive market for the types of services that we offer, market conditions that could cause our customers to reduce Their spending for our services, our ability to create, acquire and build new businesses and to grow our existing businesses, our ability to attract and retain qualified personnel, currency fluctuations and market conditions in India and elsewhere around the world, and other risks not specifically mentioned herein but those that are common to industry.
Write to our representatives