I was reviewing the recent interview of Kishore Patil of KPIT, few highlights -
Credits: Comfortable With FY24 Guidance: KPIT Technologies | CNBC TV18 - YouTube
KPIT Tech is confident in meeting its outlook for the year, despite market inquiries about the growth guidance not being higher. Despite the slowdown, the client expressed the priority in the space of OEMs.
Mr. Patel clarifies that the company does not provide quarterly guidance, and any upgrades to the guidance will be considered at the end of quarter three.
The market has concerns about Honda diversifying its vendor base, potentially impacting KPIT Tech’s business, but Mr. Patel assures that the partnership remains strong and they are accelerating their engagement.
KPIT Tech’s partnership with Honda is not exclusive, as there are various projects and activities that each party works on independently.
The company’s business model focuses on growth, scalability, and strengthening relationships with all 25 clients, not solely relying on big announcements.
KPIT Tech sees potential for more opportunities and collaborations in the future with other global auto OEMs, indicating a positive outlook for further growth and expansion.
H1 will be strong and KPIT Mgm will review the guidance for the rest of the quarters in
Q3.
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