KPIT upgrades Ebitda margin to 21%

KPIT Technologies reported a 20.4% year-on-year increase and a 7.2% sequential growth in net profit, totaling Rs 187 crore for the December quarter. The sequential profit increase excludes a one-time impact from the previous quarter. KPIT saw an 8.2% quarter-on-quarter decline in net profit during the third quarter, this was mainly due to receiving a Rs 45 crore exceptional income from an insurance claim during the second quarter of FY25. The company reported an EBITDA margin of 21.1% for the quarter. Additionally, KPIT maintained its revenue growth outlook at 18-22% and raised its EBITDA guidance for FY25 to over 21%, up from 20.5% guided earlier.