Q4 FY23 Concall Notes
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Honda, Renault, BMW - clients who have announced agreements with KPIT
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Evolving Automotive - Company’s want to move from One time Car Sale to continuous developments - Immersive Digital
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We will look at other mobility spaces
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CC Growth at 39.1%, led by Passenger Car
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Guidance: CC 18-22% and EBDITA Margin of 20.5%(after ESOP Costs)
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ESOP Costs ~ 100 Cr.(roughly 60% of cost for further years) For FY25 (FY24 was around Rs. 10 Cr. - end of FY20 ESOP Cycle) - 0.2% dilution. Attrition in Single Digit.
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KPIT is focused on future technologies like SDV
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OEM’s are engaging more with specialist Software Integrators (like KPIT Tech) than from Tier-I suppliers
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Where will Growth Come from ? : pivoting from Diamond customers > Platinum, Gold customers > then to adjacencies like Industrial Farm Sector > then adding companies from India and China to Top-25
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Engineering Spend: 30-50% captive - JV’s to build their own(BMW - Tata Tech JV). KPIT - IT and ER&D - High End Contracts
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Clients 2-3 add every year drop 1-2 clients. Shift from Tier-1 to OEM’s
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