Q3FY17 PAT grows 31% Q-o-Q to ₹ 736 Million
Q3FY17 Revenues at USD 122.88 million
DSO at 76 days, down by 6 days as compared to Q2FY17
Investor Release BSE: 532400 | NSE: KPIT
India, January 18, 2017: KPIT (BSE: 532400; NSE: KPIT), a global technology company specializing in providing IT Consulting and Product Engineering solutions and services to Automotive, Manufacturing, Energy and Utilities companies, today reported its consolidated financial results for the third quarter and nine months ended December 31, 2016.
Highlights for the quarter ended December 31, 2016
- Comparable Revenues* in CC terms marginally grew Q-o-Q by 0.65%
- In ₹ terms, revenue stood at ₹ 8,307 Million a growth of 2.1% Y-o-Y
- EBITDA margins for the quarter stood at 10.2%
- PAT for the quarter stood at ₹ 736 million (including one-time exceptional gain), a Y-o-Y growth of 2.1%
* Excluding the revenues from the divested functional safety business for both quarters
Commenting on the performance of Q3 FY17, Kishor Patil, Co-founder, CEO & MD, KPIT said, “In the current quarter, despite lower working days, we had marginal growth on a comparable constant currency basis. We will continue to focus on growth with effective account management and new technology solutions for our focus verticals. The cash flow during the quarter was encouraging and we will continue to build further on the same.”
Sachin Tikekar, President & Board Member, KPIT said, “We have built solid traction in Digital Technologies, especially in IOT, Analytics, Sensors and cloud, across focus verticals. We expect Digital and Product Engineering to be good growth drivers going ahead, as depicted by a healthy increase in pipeline and deal closures. We are also seeing encouraging results with our Engineering + Business IT combined vertical led solutions.”