Q3FY18 USD Revenues at $ 141 Million, a Y-o-Y growth of 15% with flattish QoQ growth
Q3FY18 EBITDA Margins at 10.84% (QoQ growth of 98 bps and YoY growth of 65 bps)
BSE: 532400 | NSE: KPIT
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, 2017.
Highlights for the quarter ended December 31, 2017
Commenting on the performance of Q3 FY18, Kishor Patil, Co-founder, CEO & MD, KPIT said, “The current quarter performance was in line with our expectations with flattish revenues while there has been almost 100 bps improvement in our EBITDA margins, basis our continuing actions on profitability improvement. We continue to remain positive on the growth prospects and profitability improvement, going forward with healthy pipeline for remainder of the year”.
Sachin Tikekar, President & Board Member, KPIT said, “The growth during the quarter was led by Europe whereas Americas revenues were flat. Variation in Asia was mainly on account of Products & Platforms. We continue to rely on Engineering and Digital as the major growth areas, though we also see positive developments in the newer areas of ERP Applications”
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