KPIT Cummins Infosystems, a specialist solutions partner to global manufacturing companies, announced very good results for the year ended 31-03-08.
Revenue for FY 08, rose 52% at Rs.480.44 crore. Despite a 52% rise in operating expenses, EBITDA rose by 30.39%, resulting in EBITDA margin of 15.37%. And despite a 89% rise in depreciation and 155% rise in taxation, the company managed to show a 40% rise in PAT at Rs.64.08 crore. On an equity of Rs.15.58 crore, its EPS currently stands at Rs.8.33.
During the year, the company added 21 new customers of which, 5 were added during Q4 FY 08. Its total employee strength currently stands at 4,481, of which, 329 were added in Q4 FY 08.
Growth in offshore revenue was at 40.18%. As a proportion of total revenues, offshore revenues increased to 52.77% as against 48.75% in FY 07.
In June 08’, the company formed a partnership with SAP to provide solutions to the automotive industry.
The company’s strategy to remain focused on co-creating domain intensive technologies for manufacturing companies has helped the company post a robust performance. It is also increasing its focus on emerging markets, Japan and Europe.
For FY 09, the company has given improved guidance. Total revenues are expected to be in the range of Rs.700 – 760 crore, a growth of 23% - 26%. PAT is expected to be in the range of Rs.65 crore, a growth of 27% - 31%.
Currently quoted at Rs.70, best to stay invested as growth story in the company looks good.
Revenue for FY 08, rose 52% at Rs.480.44 crore. Despite a 52% rise in operating expenses, EBITDA rose by 30.39%, resulting in EBITDA margin of 15.37%. And despite a 89% rise in depreciation and 155% rise in taxation, the company managed to show a 40% rise in PAT at Rs.64.08 crore. On an equity of Rs.15.58 crore, its EPS currently stands at Rs.8.33.
During the year, the company added 21 new customers of which, 5 were added during Q4 FY 08. Its total employee strength currently stands at 4,481, of which, 329 were added in Q4 FY 08.
Growth in offshore revenue was at 40.18%. As a proportion of total revenues, offshore revenues increased to 52.77% as against 48.75% in FY 07.
In June 08’, the company formed a partnership with SAP to provide solutions to the automotive industry.
The company’s strategy to remain focused on co-creating domain intensive technologies for manufacturing companies has helped the company post a robust performance. It is also increasing its focus on emerging markets, Japan and Europe.
For FY 09, the company has given improved guidance. Total revenues are expected to be in the range of Rs.700 – 760 crore, a growth of 23% - 26%. PAT is expected to be in the range of Rs.65 crore, a growth of 27% - 31%.
Currently quoted at Rs.70, best to stay invested as growth story in the company looks good.
Source: sptulsian.com
