KPIT Technologies Limited Announces Q1-FY 2024-25 Financial Results and Strategic Business Updates

Pune, Maharashtra - July 24, 2024: KPIT Technologies Limited, a leading provider of IT consulting and product engineering solutions, has announced its un-audited financial results for the first quarter ended June 30, 2024. The announcement was made following a Board Meeting held on July 24, 2024.

Key Highlights from the Board Meeting:

Financial Results for Q1-FY 2024-25:

• Un-audited Consolidated Financial Results: The company reported total revenue from operations amounting to INR 13,646.30 million.
• Standalone Financial Results: Revenue from operations stood at INR 5,684.36 million.
• Statutory Auditor’s Opinion: The statutory auditor issued an unqualified opinion on the financial results.

Merger Approval:

• Merger of Future Mobility Solutions GmbH with KPIT Technologies GmbH: The Board approved the merger of Future Mobility Solutions GmbH (FMS) with KPIT Technologies GmbH, both wholly-owned subsidiaries of KPIT Technologies Limited. This merger aims to enhance delivery capabilities, enable seamless collaboration, and provide greater opportunities for employees.

Increased Stake in N-Dream AG:

• Further Acquisition: KPIT Technologies will acquire an additional 13% stake in N-Dream AG, a Cloud-based Game Aggregation Platform company based in Switzerland, raising its total shareholding to 26%.
• Strategic Investment: This move aligns with KPIT's strategy to enhance driver and passenger experiences in the automotive sector by leveraging N-Dream's cloud-based platform.

Detailed Financial Performance:

• Consolidated Results:
  • Total Income: INR 14,190.74 million
  • Total Expenses: INR 11,417.15 million
  • Profit Before Tax: INR 2,766.97 million
  • Profit for the Period: INR 2,041.60 million
• Standalone Results:
  • Total Income: INR 5,747.59 million
  • Total Expenses: INR 4,763.45 million
  • Profit Before Tax: INR 984.14 million
  • Profit for the Period: INR 752.87 million

Contact Information:

• Registered Office: Plot No. 17, Rajiv Gandhi Infotech Park, MIDC-SEZ, Phase-III, Maan, Taluka-Mulshi, Hinjawadi, Pune - 411057, India.
• Phone: +91 20 6770 6000
• Email: info@kpit.com
• Website: www.kpit.com
• CIN: L74999PN2018PLC174192

About KPIT Technologies Limited:

KPIT Technologies Limited is a global technology company focused on providing IT consulting and product engineering solutions to various industries, including automotive, manufacturing, and energy. The company's robust financial performance and strategic mergers and acquisitions demonstrate its commitment to innovation and growth in the technology sector.