KPIT Technologies (KPITTECH) Q3 24/25 earnings summary

Executive summary

• Q3FY25 revenue grew 18.1% year-over-year to ₹14,779.58 million, with net profit rising 20.4% to ₹1,869.70 million and EBITDA margin improving to 21.1%.

• Year-to-date Q3 FY25 profit grew 38% over the same period last year.

• $236 million in new deal wins closed during the quarter, with interim dividend of ₹2.50 per share declared.

• Growth was led by Asia, Powertrain, and Connected Vehicles, with balanced demand across geographies and subverticals.

• Significant investments in AI, cybersecurity, and employee competency to drive future growth.

Financial highlights

• Q3FY25 revenue from operations: ₹14,779.58 million; total income: ₹14,974.35 million; PAT: ₹1,869.70 million; basic EPS: ₹6.89; diluted EPS: ₹6.83.

• EBITDA for Q3FY25: ₹3,122.13 million; EBIT: ₹2,537.73 million; operating profit before tax margin: 17.4%.

• Net cash balance at quarter end: ₹14.2 billion; DSO at 42 days, reflecting improved collections.

• Interim dividend of ₹2.50 per share, up from ₹2.1 per share last year.

• 18 consecutive quarters of steady revenue and EBITDA growth.

Outlook and guidance

• FY25 revenue guidance maintained at 18–22% growth, with EBITDA margin outlook raised to above 21%.

• Pipeline increased by over 20% quarter-on-quarter, led by large deals and broad-based client engagement.

• Focus on AI investments, cross-practice offerings, and strategic partnerships.

• No plans for QIP; future acquisitions to be funded through internal accruals and borrowing.

• Growth expected to continue in Asia, with Europe and U.S. showing signs of recovery by Q4 or Q1.