Earnings Summary Of KPIT Technologies Limited For Q3 FY23

KPIT Technologies (NSE: KPITTECH) is an Indian multinational company that specializes in providing IT consulting and product engineering solutions and services to automotive, manufacturing, energy and utilities, and life sciences companies. The company was founded in 1990 and is headquartered in Pune, India. KPIT has a global presence with offices and development centers in North America, Europe, Asia-Pacific, and the Middle East.

KPIT’s services and solutions include digital engineering, application and infrastructure management, product engineering, testing, and data and analytics. The company has partnerships with leading technology companies such as Microsoft, SAP, PTC, and Siemens. For the quarter ending December 31, 2022, KPIT Technologies reported consolidated Revenue of ₹917.11 crore, which was a 47.3% increase compared to the same quarter in the previous year. The company’s Net profit for the quarter was ₹104 crore, a growth of 48% compared to the same quarter in the previous year.

KPIT’s Americas segment showed strong growth, with a revenue of ₹299.86 crore, which was a 31.8% increase compared to the same quarter in the previous year. The UK & Europe segment also showed growth, with a revenue of ₹497.4 crore, which was a 84% increase compared to the same quarter in the previous year. Rest of the world segment also increased by 23% up to ₹299.86 crore in Revenue.