BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.
Anand Rathi Report
KPIT Technologies Ltd.'s Q2 was strong. Revenue up 4.1% QoQ, 23% YoY, to $80 million, and a large deal of $52 million total contract .
Growth was across all key regions (the U.S., Europe, Japan) but in service lines, Powertrain (13% QoQ, 31% YoY), diagnostics and Autosar led the way.
KPIT Technologies' top-25 accounts continue to grow (20% YoY). The better-than-expected 17.6% Ebitda margin, despite Q2 wage hikes, is likely to be high (guidance for FY22: ~17.5%).
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