Earnings Call for Q4FY22 of KPIT Technologies
Conference Call with KPIT Technologies Management and Analysts on Q4FY22 Performance and Outlook. Listen to the full earnings transcript.27-04-2022
27-04-2022
Q4FY22 Quarterly Result Announced for KPIT Technologies Ltd.
IT Consulting & Software company KPIT Technologies declares Q4FY22 result: KPIT FY22 Net Profit grows 88% over FY21 Revenue growth of 19.7% in CC terms FY22 reported $ revenue growth of 19.5% volume growth of ~28% driven by higher offshore Q4 FY22 Revenue CC revenue growth of 21% YoY, 5.2% QoQ $ revenue growth of 17% YoY and 4.1% QoQ Q4 FY22 Profit Net Profit at Rs 789 million Net Profit growth of 50% YoY, 12.7% QoQ Large Deal Large Engagement with a European OEM. TCV of Euro 70+ Million FY23 Outlook CC Revenue growth in the range of 18% to 21% EBITDA margin to be in the range of 18% to 19% Volume Growth in the range of 25% Sequential CC growth of 5.2% led by autonomous and connected domains. Broad based growth across commercial vehicles and passenger car verticals. Q4 was another good quarter in terms of deal closures. EBITDA expansion of 10 bps despite supply side constraints and fresher additions. Offshore has consistently increased in FY22; ~ 10% over FY21, resulting in higher volume growth and improved margins Sequential double digit net profit growth aided by improvement in operating margins and higher other income. ETR for the quarter lower as a one-time impact. FY22 EPS at 10.05. High cash conversion continued post dividend payout, with DSO at 53 days. Net Cash at quarter end Rs 10.3 billion. 13th consecutive quarter of increase in net cash. Final Dividend of Rs 1.85/share. Total FY22 Dividend Rs 3.10/share Commenting on the performance of FY22, Ravi Pandit, Co-founder and Chairman, KPIT said,” FY22 was a year of resurgence in many ways, and I am happy with the way we have emerged stronger. The transformation in the Mobility Industry is pointing towards Software Defined Vehicles, aiming for a larger goal of sustainability for all. We have been working in these areas for over 2 decades and will be a major contributor towards this transformation with our expertise and dependability. We are committed towards achieving our Vision of creating a Cleaner, Safer and Smarter World”. Kishor Patil, Co-founder, CEO and MD, KPIT said,” We have delivered seven sequential quarters of healthy growth and steady margin expansion. The Mobility Industry is investing heavily in CASE and architectural changes to make Software Defined Vehicle a reality. We are witnessing elevated interests from clients to engage in these areas. This gives us great visibility of robust demand for the next 4-5 years. On the back of this, we expect to deliver CC growth of 18%-21% in FY23 with EBITDA margins between 18%-19%. FY23 Volume growth is expected to be ~25%”. Sachin Tikekar, Co-founder and Joint MD, KPIT said,” The Mobility Industry transformation is seen in both passenger car and commercial vehicle verticals. This is creating demand much higher than supply. We thus, will have a sharper focus on talent attraction, development and retention. We will continue to invest in the right technologies and partnerships to help us deliver value to our clients, making them successful in their transformation. We start FY23 on the back of closure of key strategic, long-term engagements with our T25 clients, giving us clear visibility for another year of profitable growth” Result PDF27-04-2022
KPIT Technologies Ltd - 542651 - Announcement Under Regulation 30 (LODR) - Investor Update
Dear Sir / Madam, Please find enclosed the investor Update - Q4 FY 2022. Kindly take the same on your records.27-04-2022
KPIT Technologies Ltd - 542651 - Corporate Action-Board approves Dividend
Recommendation of Final Dividend at Rs. 1.85/- per equity share of Rs. 10/- each (18.5%) for FY 2021-22, subject to declaration of the same by members at the ensuing Annual General Meeting ("AGM") of the Company. The dividend, if declared by the members at the AGM will be paid within the statutory timeline as per the Companies Act, 2013 & the Rules made thereunder.27-04-2022
KPIT Technologies Ltd - 542651 - Financial Results For Quarter And Year Ended March 31, 2022
We wish to inform you that the Board of Directors of the Company, at its meeting held through video conferencing concluded today, inter alia, has approved the following: a. Audited Standalone Financial Results and Consolidated Financial Results for the quarter and year ended March 31, 2022. b. Audited Standalone Financial Statements and Consolidated Financial Statements for the year ended March 31, 2022.27-04-2022
KPIT Technologies Ltd - 542651 - Board Meeting Outcome for Outcome Of The Board Meeting
We wish to inform you that the Board of Directors of the Company, at its meeting held through video conferencing concluded today, inter alia, has approved the following: a. Audited Standalone Financial Results and Consolidated Financial Results for the quarter and year ended March 31, 2022. b. Audited Standalone Financial Statements and Consolidated Financial Statements for the year ended March 31, 2022. c. Recommendation of Final Dividend at Rs. 1.85/- per equity share of Rs. 10/- each (18.5%) for FY 2021-22, subject to declaration of the same by members at the ensuing Annual General Meeting ("AGM") of the Company. The dividend, if declared by the members at the AGM will be paid within the statutory timeline as per the Companies Act, 2013 & the Rules made thereunder.27-04-2022
KPIT Technologies Ltd - 542651 - Announcement Under Regulation 30 - Grant Of 55,250 Options To The Eligible Employees Of The Company Under The ''''KPIT Technologies Limited - Employee Stock Option Scheme 2019A''''.
Pursuant to the provisions of Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, the Securities and Exchange Board of India (Share Based Employees Benefits) Regulation, 2014, this is to inform you that the Nomination and Remuneration (HR) Committee of the Board of Directors of the Company ('Committee') in its meeting held on April 26, 2022 has considered and approved the following business: Grant of 55,250 Options to the eligible employees of the Company under the ''KPIT Technologies Limited - Employee Stock Option Scheme 2019A'' ("ESOS 2019A"/ "Scheme"/ "KPIT ESOS") of the Company.26-04-2022
KPIT Technologies Ltd - 542651 - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
We wish to inform you that, pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the Post Earnings Conference Call of the Company is scheduled on Wednesday, April 27, 2022 at 1700 Hrs. The details of the said call are enclosed to this letter. Details of the Post Earnings Conference Call will be also published on the Company''s website in due course. Kindly take the same on your records.25-04-2022
KPIT Technologies Ltd - 542651 - Board Meeting Intimation for For Approval Of Audited Financial Results Of The Company For The Quarter And Year Ended March 31, 2022 And Recommendation Of Dividend, If Any.
KPIT Technologies Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 26/04/2022 ,inter alia, to consider and approve This is to inform you that pursuant to Regulation 29 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (SEBI Regulations), a meeting of the Board of Directors of the Company is scheduled to be held on Tuesday, April 26, 2022 and will continue on Wednesday, April 27, 2022, inter alia, to consider and approve: The audited financial results of the Company for the quarter and year ended March 31, 2022 Recommendation of dividend, if any, subject to declaration of the same by the Members in the ensuing Annual General meeting. Please note that the Board of Directors will consider the aforesaid business item on Wednesday, April 27, 2022. As intimated earlier vide letter dated March 31, 2022 the trading window closure period has commenced from April 1, 2022 and will end 48 hours after the declaration of Audited Financial Results for the quarter and year ended March 31, 2022. Kindly take the same on your records.16-04-2022