KPIT Technologies (KPITTECH) Q4 24/25 earnings summary

Executive summary

• FY25 net profit grew 41.2% year-on-year to ₹8,396 million, with EBITDA margin at 21.0–21.1% and strong cash conversion.

• Revenue growth was led by Software-Defined Vehicles, Asia, and Passenger Cars, with consolidated revenue from operations reaching ₹58,423.45 million, up 18.7–20% in constant currency.

• Nineteen consecutive quarters of revenue and EBITDA growth, with robust deal wins and a strong pipeline, including $280 million in Q4 deal closures.

• Strategic collaborations included a multi-year deal with Mercedes-Benz and partnerships with Qualcomm and ZF for SDV innovation.

• Proposed final dividend of ₹6.00 per share, with total FY25 dividend at ₹8.50 per share, up 27% year-on-year.

Financial highlights

• FY25 revenue from operations: ₹58,423.45 million, up from ₹48,715.41 million in FY24; net profit: ₹8,396 million, up from ₹5,945.33 million.

• Q4 FY25 revenue up 15% year-on-year and 3% quarter-on-quarter in constant currency.

• Q4 EBITDA margin at 21.1%; FY25 EBITDA margin at 21.0%.

• FY25 PAT margin: 14.4%; Q4FY25 PAT margin: 16.0%.

• Cash and equivalents at year-end: ₹15,850 million.

Outlook and guidance

• Management expects slower growth in H1 FY26 due to macro uncertainties and tariff-related delays, with momentum expected to pick up in H2.

• Medium-term growth opportunities supported by new vehicle programs, geographic expansion, and mobility adjacencies.

• Margins expected to be maintained through productivity improvements, automation, and AI investments.

• Proposed amalgamation of PathPartner Technology to drive synergies, pending regulatory approval.

• Management will provide quarterly updates as the year progresses.