New Delhi: KPIT Technologies recorded internet revenue progress of 54.6% Y-o-Y at INR 155.3 crore and EBITDA progress at 52.2% Y-o-Y for Q3 FY24. The income from operations for Q3 FY24 stood at INR 1256.9 crore towards INR 1199.1 crore in Q2 FY24, the corporate stated. The administration of KPIT Technologies have disclosed that at current 20% of the corporate’s income is coming from the industrial automobile phase. KPIT additionally revealed their intention to additional enhance their relationship with their three present industrial automobile (CV) purchasers for extra income era.

The firm’s EBITDA margin expanded to twenty.6% for Q3 FY24 towards 20% in Q2 FY24. Its world purchasers are in Europe, Japan, and the US the place 4 purchasers are within the passenger automobiles phase and one within the industrial automobile phase. KPIT Technologies has seen optimistic progress globally from its present purchasers in diamond and platinum accounts.

“Next couple of years, the percentage growth in commercial vehicles has to be higher,” said Sachin Tikekar, President and Joint MD, KPIT Technologies. The company is looking to focus on Europe, America, and Asia for expansion of itsr global business in the coming year.

Talking about the company’s plans for FY25 Tikekar mentioned adding 2-3 clients in its portfolio. “We expect to have continuous growth from our existing clients, and more than 85% of the growth will come from our existing clients in the new year and we will add 2-3 OEM clients by FY25” he stated.

In-car gaming technology: KPIT’s administration has revealed concerning the progress of their funding in N-dream owned Air Console which is stated to become the world’s first in-car gaming experience. Moreover, the management has assured that safety would be a priority while designing this in-car gaming technology. “Safety is a very important part, this is done (gaming) when the vehicles are not moving, or when you are at rear seat entertainment,” said Kishor Patil, Co-Founder, CEO & MD of KPIT Technologies. Talking about the company’s plans for FY25 Tikekar mentioned adding 2-3 clients in the company’s portfolio. “We expect to have continuous growth from our existing clients, and more than 85% of the growth will come from our existing clients in the new year and we will add 2-3 OEM clients by FY25” he said.

Regarding the availability of this technology, KPIT said that BMW would be one of the first OEMs to incorporate this technology in their car starting with the i7 model on European roads. Moreover, the CEO and MD of KPIT showed his interest in bringing this technology in India also.

Future plans: Investment in new and emerging technological areas is what KPIT is always looking for and at present it has almost 20 autonomous production programs. Talking about this, Patil mentioned that KPIT and ZF’s joint venture ‘Qorix’ goals to construct a middleware working system for the automotive. He additional added, “Apart from electrification, we already have hydrogen fuel cell technology”.

Some of the corporate’s know-how portfolio contains charging, automobile working system, middleware working system, and in-car gaming. Patil additionally revealed that a few of the rising applied sciences are going to be showcased within the Bharat Mobility Global Expo 2024.

The firm is working within the space of consumer expertise and goals to create ‘a cabin experience’ for the purchasers together with in-car gaming applications. On the OEM aspect, they plan to create knowledge, create analytics, and supply the flexibility to the OEMs to supply companies.