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KPIT Technologies Ltd Regulatory Filings 2023
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Regulatory Filings
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February 02, 2023
BSE Limited Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai- 400001.
Scrip ID: KPITTECH Scrip Code: 542651
Kind Attn: The Manager, Department of Corporate Services National Stock Exchange of India Ltd., Exchange Plaza, C/1, G Block,
Bandra - Kurla Complex, Bandra (E), Mumbai – 400051.
Symbol: KPITTECH Series: EQ
Kind Attn: The Manager, Listing Department
Subject: - Newspaper Advertisement - Disclosure under Regulation 47 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 ("SEBI Listing Regulations")
Dear Sir / Madam,
In terms of Regulation 47 of SEBI Listing Regulations, please find enclosed copies of newspaper advertisement dated February 02, 2023 published in Indian Express (in English); Financial Express (in English) and Loksatta (in Marathi), regarding Consolidated Financial Results for the quarter and nine-months ended 31st December, 2022.
Kindly take the same on your record.
Thanking you.
Yours faithfully,
For KPIT Technologies Limited
DESHPANDE NIDA YUNUS
Digitally signed by DESHPANDE NIDA YUNUS Date: 2023.02.02 12:55:20 +05'30'
Nida Deshpande Company Secretary & Compliance Officer
Encl: as above
O +91 20 6770 6000 E [email protected]
W kpit.com
EXTRACT OF UNAUDITED CONSOLIDATED FINANCIAL RESULTS FOR THE QUARTER AND NINE MONTHS ENDED 31 DECEMBER 2022
| i in million (except per share data) | |||||
|---|---|---|---|---|---|
| Quarter Ended | Nine Months Ended | -Quarter Ended | |||
| Sr. No. |
Particulars | 31 December 2022 (Unaudited) |
31 December 2022 (Unaudited) |
31 December 2021 (Unaudited) |
|
| 1 | Revenue/income from operations | 9,171.15 | 23,476.71 | 6,223.67 | |
| 2 | Net profit for the period (before tax and including share of | 1,393.74 | 3,605.84 | 875.46 | |
| proftt/(Loss) of equity accounted investees (net of tax)) | |||||
| 3 | Net profit for the period after tax | 1,040.57 | 2,752.81 | 703.09 | |
| 4 | Total comprehensive income for the period | 1,566.98 | 3,077.75 | 685.28 | |
| 5 | Equity share capital (face value~ 10 per share) | 2,701.55 | 2,701.55 | 2,698.64 | |
| 6 | Earnings per equity share* | ||||
| Basic | 3.72 | 9.97 | 2.60 | ||
| Diluted | 3.68 | 9.86 | 2.56 | ||
| *EPS are not annualised for the interim periods. |
Notes:
1 The above unaudited consolidated financial results have been reviewed by the Audit Committee and thereafter approved and taken on record by the Board of Directors in their meetings held on 31 January 2023. These unaudit ed consolidated financial results have been prepared in accordance with the Indian Accounting Standards ("Ind-AS") as specified under Section 133 of the Companies Act, 2013 read with the applicable rules as amended from time to time and the provisions of Companies Act, 2013.
2 The Statutory Auditors of the Company have conducted a limited review of the above unaudited consolidated financial results of the Company for the quarter and nine months ended 31 December 2022. An unqualified opinion has been issued by them thereon.
3 Standalone information:
| Quarter Ended | I Nine Months Ended I Quarter Ended | |||
|---|---|---|---|---|
| Sr. No. |
Particulars | 31 December 2022 (Unaudited) |
31 December 2022 (Unaudited) |
31 December 2021 (Unaudited) |
| a | Revenue from operations | 3,799.41 | 10,923.04 | 3,051.88 |
| b | Profit before tax | 856.07 | 2,676.83 | 581. 5Z |
| C | Net profit for the period | 664.54 | 2,059.56 | 471.18 |
| d | Other comprehensive income I (loss) | (117.97) | (216.48) | 11. 53 |
| e | Total comprehensive income | 546.57 | 1,843.08 | 482.71 |
4 Effective 1 October 2022, the Group has acquired the entire stake in Technica Engineering Gmbh, Germany, Technica Electronics Barcelona S.L., Spain and Technica Engineering Spain S.L., Spain through KPITTechnologies GmbH, a wholly owned step down subsidiary of the Company and Technica Engineering Inc, USA through KPIT Technologies Inc. a wholly owned step down subsidiary of the Company.
The total consideration for the acquisition consists of:
i . fixed consideration of EUR 80 mi llion to be paid over six months; and
ii. variable consideration of EUR 30 million based on achievement of revenue and profit milestones to be payable over the next 2. 5 years
Out of the above total consideration, an upfront fixed consideration of EUR 60 million is paid during the current quarter.
Technica Engineering specializes in production-ready system prototyping (combination of network system architecture, hardware prototyping, integration), automotive ethernet products and tools for validation and will create across-thestack expertise offering a one-stop shop for the industry to transform towards Software Defined Vehicles.
- 5 The Board of Directors at its meeting held on 31 January 2023, has declared an interim dividend of=e 1.45/- per equity share.
- 6 The above is an extract of the detailed format of Quarterly Financial Results filed with the Stock Exchanges under Regulation 33 of the SEBI (Listing and Other Disclosure Requirements) Regulations, 2015. The detailed format of consolidated and standalone results of the Company are available on the Company's website, www.k it.com and also on the website of the BSE Limited, www.bseindia.com and National Stock Exchange of India Limited, www.nseindia.com, where the shares of the Company are listed.
For and on behalf of the Board of Directors of KPIT Technologies Limited
| Place: Pune - Date : 31 January 2023 |
S. B. (Ravi) Pandit Chairman of The Board DIN: 00075861 |
Ki shor PatU CEO Ii Managing Director DIN: 00076190 |
|
|---|---|---|---|
| ■ | ■ | ||
| ■ ■ |
EXTRACT OF UNAUDITED CONSOLIDATED FINANCIAL RESULTS FOR THE QUARTER AND NIINE MONTHS ENDED 31 DECEMBER 2022
| f in million (except per share data) | ||||||||
|---|---|---|---|---|---|---|---|---|
| Quarter Ended | I Nine Months Ended I Quarter Ended | |||||||
| Sr. No. |
Particulars | 31 December 2022 (Unaudited) |
31 December 2022 (Unaudited) |
31 December 2021 (Unaudited) |
||||
| Revenue/income from operations | 9, 171.15 | 23 ,476.71 | 6,223.67 | |||||
| 2 | Net profit for the period (before tax and including share of | 1,393.74 | 3,605.84 | 875.46 | ||||
| profit/ (Loss) of equity accounted investees (net of tax)) | ||||||||
| 3 | Net profit for the period after tax | 1,040.57 | 2,752.81 | 703.09 | ||||
| 4 | Total comprehensive income for the period | 1,566.98 | 3,077.75 | 685.28 | ||||
| 5 | Equity share capital (face value~ 10 per share) | 2,701.55 | 2,701.55 | 2,698.64 | ||||
| 6 | Earnings per equity share* | |||||||
| Basic | 3.72 | 9.97 | 2.60 | |||||
| Diluted | 3.68 | 9.86 | 2.56 | |||||
| ~EPS are not annualised for the interim periods. |
Notes:
1 The above unaudited consolidated financial results have been reviewed by the Audit Committee and thereafter approved and taken on record by the Board of Directors in their meetings held on 31 January 2023. These unaudited consolidated financial results have been prepared in accordance with the Indian Accounting Standards ("Ind-AS") as specified under Section 133 of the Companies Act, 2013 read with the applicable rules as amended from time to time and the provisions of CompaniesAct, 2013.
2 The Statutory Auditors of the Company have conducted a limited review of the above unaudited consolidated financial results of the Company for the quarter and nine months ended 31 December 2022. An unqualified opinion has been issued by them thereon.
| 3 | Standalone information: | ||||
|---|---|---|---|---|---|
| Quarter Ended | t • I | ||||
| Sr. No. |
Particulars | 31 December 2022 (Unaudited) |
31 December 2022 ' 31 December 2021 (Unaudited) |
(Unaudited) | |
| a | Revenue from operations | 3,799.41 | 10,923.04 | 3,051.88 | |
| b | Profit before tax | 856.07 | 2,676.83 | 581.52 | |
| c | Net profit for the period | 664.54 | 2,059.56 | 471.18 | |
| d | Other comprehensive income/(loss) | (117.97) | (216.48) | 11.53 | |
| e | Total comprehensive income | 546.57 | 1,843.08 | 482.71 |
4 Effective 1 October 2022, the Group has acquired the entire stake in Technica Engineering Gmbh, Germany, Technica Electronics Barcelona S.L., Spain and Technica Engineering Spain S.L., Spain through KPIT Technologies GmbH, a wholly owned step down subsidiary of the Company and Technica Engineering Inc, USA through KPIT Technologies Inc. a wholly owned step down subsidiary of the Company.
The total consideration for the acquisition consists of:
i. fixed consideration of EUR 80 million to be paid over six months; and
ii. variable consideration of EUR 30 million based on achievement of revenue and profit milestones to be payable over the next 2. 5 years
Out of the above total consideration, an upfront fixed consideration of EUR 60 million is paid during the current quarter.
Technica Engineering specializes in production-ready system prototyping (combination of network system architecture, hardware prototyping, integration), automotive ethernet products and tools for validation and will create across-thestack expertise offering a one-stop shop for the industry to transform towards Software Defined Vehicles.
5 The Board of Directors at its meeting held on 31 January 2023, has declared an interim dividend of~ 1 .45/- per equity share.
6 The above is an extract of the detailed format of Quarterly Financial Results filed with the Stock Exchanges under Regulation 33 of the SEBI (Listing and Other Disclosure Requirements) Regulations, 2015. The detailed format of consol.idated and standalone results of the Company are available on the Company's website, www.kpit.com and also on the website of the BSE Limited, www.bseindia.com and National Stock Exchange of India Limited, www.nseindia.com, where the shares of the Company are listed.
For and on behalf of the Board of Directors of KPIT Technologies Umited
S. B. (Ravi) Pandit Chairman of The Board DIN: 00075861
EXTRACT OF UNAUDITED CONSOLIDATED F1 INANCl;AL RESULTS FOR THE QUARTER AND NINE MONTHS ENDED 31 DECEMBER 2022
| ? in million (except per share data) | ||||||
|---|---|---|---|---|---|---|
| Quarter Ended | Nine Months Ended | Quarter Ended | ||||
| Sr. No. |
Particulars | 31 December 2022 (Unaudited) |
31 December 2022 (Unaudited) |
31 December 2021 (Unaudited) |
||
| 1 | Revenue/income from operations | 9,171.15 | 23,476.71 | 6,223.67 | ||
| 2 | Net profit for the period (before tax and including share of | 1,393.74 | 3,605.84 | 875.46 | ||
| profit/(Loss) of equity accounted investees (net of tax)) | ||||||
| 3 | Net profit for the period after tax | 1,040.57 | 2,752.81 | 703.09 | ||
| 4 | Total comprehensive income for the period | 1,566.98 | 3,077.75 | 685.28 | ||
| 5 | Equity share capital (face value~ 10 per share) | 2,701.55 | 2,701.55 | 2,698.64 | ||
| 6 | Earnings per equity share" | |||||
| Basic | 3.72 | 9.97 | 2.60 | |||
| Diluted | 3.68 | 9.86 | 2.56 | |||
| ~EPS are not annualised for the interim periods. |
Notes:
1 The above unaudited consolidated financial results have been reviewed by the Audit Committee and thereafter approved and taken on record by the Board of Directors in their meetings held on 31 January 2023. These unaudited consolidated financial results have been prepared in accordance with the Indian Accounting Standards ("Ind-AS") as specified under Section 133 of the Companies Act, 2013 read with the applicable rules as amended from time to time and the provisions of Companies Act, 2013.
2 The Statutory Auditors of the Company have conducted a limited review of the above unaudited consolidated financiall results of the Company for the quarter and nine months ended 31 December 2022. An unqualified opinion has been issued by them thereon.
3 Standalone information:
| Quarter Ended | I Nine Months Ended I Quarter Ended | |||
|---|---|---|---|---|
| Sr. No. |
Particulars | 31 December 2022 (Unaudited) |
31 December 2022 (Unaudited) |
31 December 2021 (Unaudited) |
| a | Revenue from operations | 3,799.41 | 10,923.04 | 3,051.88 |
| b | Profit before tax | 856.07 | 2,676.83 | 581.52 |
| C | Net profit for the period | 664.54 | 2,059.56 | 471.18 |
| d | Other comprehensive income/(loss) | (117.97) | (216.48) | 11.53 |
| e | Total comprehensive income | 546.57 | 1,843.08 | 482.71 |
4 Effective 1 October 2022, the Group has acquired the entire stake in Technica Engineering Gmbh, Germany, Technica Electronics Barcelona S.L., Spain and Technica Engineering Spain S.L., Spain through KPIT Technologies GmbH, a wholly owned step down subsidiary of the Company and Technica Engineering Inc, USA through KPIT Technologies Inc. a whollly owned step down subsidiary of the Company.
The total consideration for the acquisition consists of:
i. fixed consideration of EUR 80 million to be paid over six months; and
ii. variable consideration of EUR 30 million based on achievement of revenue and profit milestones to be payable over the next 2. 5 years
Out of the above total consideration, an upfront fixed consideration of EUR 60 million is paid during the current quarter. Technica Engineering specializes in production-ready system prototyping (combination of network system architecture, hardware prototyping, integration), automotive ethernet products and tools for validation and will create across-thestack expertise offering a one-stop shop for the industry to transform towards Software Defined Vehicles.
5 Tlhe Board of Directors at its meeting held on 31 January 2023, has declared an interim dividend oH 1.45/- per equity share.
6 The above is an extract of the detailed format of Quarterly Financial Results filed with the Stock Exchanges under Regulation 33 of the SEBI (Listing and Other Disclosure Requirements) Regulations, 2015. The detailed format of consolidated and standalone results of the Company are available on the Company's website, www.k it.com and also on the website of the BSE Limited, www.bselndia.com and National Stock Exchange of lndla Limited, www.nseindia.com, where the shares of the Company are listed.
For and on behalf of the Board of Directors of KPIT Technologies Limited