As compared to Q3 FY23, the company's net profit and revenue increased by 55.57% and 37.06%, respectively.

Profit before tax was at Rs 211.59 crore in quarter ended 31 December 2023 (up 12.7% QoQ and up 51.82% YoY).

EBITDA stood at Rs 258.50 crore in Q3 FY24, registering a growth of 7.74% QoQ and 52.18% YoY. EBITDA margin was at 20.6% in Q3 FY24 as against 20% recorded in Q2 FY24 and 18.5% posted in Q3 FY23.

During the quarter, constant currency (CC) revenue growth was at 31.5% YoY and 4.3% QoQ. In dollar terms, revenue growth was 35% YoY and 2.7% QoQ.

Total contract value (TCV) of total deals won during the quarter was $189 million.

The total headcount as on 31 December 2023 was at 12,727.

Kishor Patil, co-founder, CEO and MD of KPIT said, “We continue to focus on execution relentlessly and have been consistently reaping the benefits of our focus on the mobility industry, key technologies, key clients and key talent. The Q3 FY24 revenues have been in line with our expectations, while we have delivered slightly ahead of expectations on the profitability front. Basis our performance so far, robust pipeline and the consistency of demand driven by new technology investments by our strategic clients, we are confident of meeting our upward revised outlook for the year.”

Sachin Tikekar, President and Joint MD of KPIT said, "We are witnessing broad based traction across technologies, clients, sub-verticals and geographies. We are increasing our strategic engagements in the quest to move towards being trusted partners for our strategic clients. As we have seen over the last 4 quarters, the attrition continues to fall and is now at historically low levels. We have significantly moved the needle in our quest for inclusive sustainability across KPIT. We have increased our investments in new technologies and competency development to enable us delivers complex engagements, successfully.”

KPIT Technologies is a technological company focused on automobile engineering and mobility solutions. The company offers technology solutions to automobile OEMs under different practices such as power trains (conventional and electrical), connectivity, autonomous (vision and control systems) and diagnostics. Each of its practice areas offer software IP, software integration, feature development, and verification and validation services.