Interim report
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KPIT TECHNOLOGIES LIMITED ( erstwhile KPIT ENGINEERING LIMITED ) Registered & Corporate Office - Plot - 17 , Rajiv Gandhi Infotech Park , MIDC - SEZ , Phase - III , Maan , Hinjawadi , Taluka - Mulshi , Pune - 411057 Phone : +91 20 6770 6000 | grievances@kpit.com | www.kpit.com | CIN : L74999PN2018PLC174192 STATEMENT OF AUDITED STANDALONE FINANCIAL RESULTS FOR THE QUARTER AND YEAR ENDED MARCH 31 , 2021 March 31 , 2021 ( Audited ) ( Refer note 13 ) Quarter ended December 31 , 2020 ( Unaudited ) March 31 , 2020 ( Audited ) ( Refer note 13 ) in million ( except per share data ) | Year ended March 31 , 2021 March 31 , 2020 ( Audited ) ( Audited ) Particulars Revenue from operations 2,372.66 1,982.53 2,177.80 8,023.54 9,552.50 Other income : Net gain on investments carried at fair value through profit and loss 11.56 2.88 47.43 18.33 Interest and dividend income on investments Others ( Refer note 3 ) 30.17 17.46 Total Income Expenses 2,431.85 27.28 74.47 2,087.16 3.08 99.58 2,327.89 80.89 74.66 8,197.42 15.37 216.50 9,784.37 Cost of materials consumed Employee benefits expense Finance costs ( Refer note 4 ) 1,362.41 17.81 1,319.13 16.17 Depreciation and amortization expense 210.14 227.93 1,432.86 40.32 217.99 4,865.21 86.02 905.26 1.22 5,324.94 151.13 837.02 Net loss on investments carried at fair value through profit and loss Other expenses ( Refer note 3 ) 56.92 370.78 Total expenses 1,961.14 248.76 1,811.99 310.66 2,001.83 1,178.78 7,035.27 1,402.77 7,774.00 Profit before exceptional items and tax 470.71 275.17 Exceptional items ( Refer note 7 ) 326.06 ( 36.57 ) Profit before tax 470.71 275.17 289.49 1,162.15 32.03 1,194.18 2,010.37 ( 36.57 ) 1,973.80 Tax expense Current tax Deferred tax ( benefit ) / charge Total tax expense 71.07 ( 15.26 ) 55.81 61.07 ( 35.07 ) 26.00 69.31 ( 48.30 ) 21.01 250.78 ( 135.47 ) 115.31 469.02 ( 279.69 ) 189.33 414.90 249.17 268.48 1,078.87 1,784.47 Profit for the period / year Other comprehensive income / ( loss ) Items that will not be reclassified to profit or loss Remeasurements of defined benefit plans Income tax on items that will not be reclassified to profit or loss 27.25 ( 8.99 ) ( 2.17 ) 0.76 0.68 1.73 21.11 ( 6.40 ) ( 29.36 ) 6.56 Items that will be reclassified to profit or loss Effective portion of gains / ( losses ) on hedging instruments in cash flow hedges 59.88 ( 20.54 ) ( 75.70 ) 155.46 ( 114.38 ) Income tax on items that will be reclassified to profit or loss ( 20.93 ) 7.17 26.45 ( 54.33 ) 39.97 Total other comprehensive income / ( loss ) 57.21 ( 14.78 ) ( 46.84 ) 115.84 ( 97.21 ) Total comprehensive income for the period / year 472.11 234.39 221.64 1,194.71 1,687.26 Paid up equity capital ( face value 10 per share ) Other equity 2,690.44 2,689.86 2,688.80 2,690.44 8,862.04 2,688.80 7,558.60 Earnings per equity share ( face value per share * 10 each ) * Basic Diluted 1.54 1.53 0.93 1.00 4.01 6.64 0.92 1.00 3.99 6.62 * EPS are not annualised for the interim periods . Notes : 1 The above audited standalone financial results have been reviewed by the Audit Committee and thereafter approved and taken on record by the Board of Directors in their respective meetings held on April 28 , 2021. These audited standalone 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 Rule 3 of the Companies ( Indian Accounting Standards ) Rules , 2015 and Companies ( Indian Accounting Standards ) Amendment Rules , 2016 and provisions of the Companies Act , 2013 . 2 The statutory auditors of the Company have audited above standalone financial results of the Company for the quarter and year ended March 31 , 2021. An unqualified opinion has been issued by them thereon . Paya