May 27th, 2020: KPIT today released its FY19-20 | Q4 FY19-20 results, KPIT Leadership including Mr. Ravi Pandit KPIT Co-founder and Chairman, Mr. Kishor Patil KPIT Co-founder, CEO and MD, and Mr. Sachin Tikekar, President and Whole-time Director spoke about the results.
FY 2019-20 performance overview:
KPIT registers Comparable Constant Currency growth of 14.5% in FY20 over FY19
- Reported USD revenues grow 14.2% on a comparable basis in FY20 over FY19
- EBITDA for FY20 stood at 13.7%
- Net Profit for FY20 stood at ₹1,466 Million, EPS at ₹5.4
- Net Cash as at FY20 end stood at ₹3,278 Million
Q4 FY 2019-20 performance overview:
KPIT Q4FY20 Net Profit registers a 23.2% growth Y-o-Y
- Q4FY20 Y-o-Y comparable revenue growth of 11.5% in CC terms
- Q4FY20 Y-o-Y reported revenue growth of 8.3%
- Q4FY20 EBITDA at 13.5%
- Net revenue loss of around 1.5% due to Covid-19 disruption during the quarter
FY20 was the first full year after demerger and we are happy to report industry leading comparable organic growth of 14%+ in FY20. FY20 has been a year of further sharpening of focus and energies. While the world is undergoing major changes due to Covid pandemic, I am confident of KPIT performing a prominent role in the new global mobility ecosystem
Ravi Pandit Co-founder and Chairman, KPIT
We experienced good traction in strategic accounts, which have cumulatively grown by ~20% in FY20. We have a strong Balance Sheet and have consistently built on our cash reserves. While Covid-19 will have a negative impact on business in H1FY21, we are now having constructive discussions with our clients and have won some sizable new deals, the benefit of which will start flowing in H2FY21.
Kishor Patil Co founder, CEO and MD, KPIT
At KPIT, the safety of our employees and deliverables to our clients are of prime importance to us. Our cross-functional teams have done a tremendous job to enable 98%+ work from home for our employees globally, without any disruption. We continue to engage with our clients in a deeper way to create more value for them
Sachin Tikekar President and Whole time Director, KPIT
