Interim report
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KPIT TECHNOLOGIES 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 Particulars STATEMENT OF UNAUDITED STANDALONE FINANCIAL RESULTS FOR THE QUARTER ENDED 30 JUNE 2021 30 June 2021 ( Unaudited ) Quarter ended 31 March 2021 ( Audited ) ( Refer note B & 10 ) in million ( except per share data ) 30 June 2020 ( Unaudited ) ( Refer note B ) Year ended 31 March 2021 ( Audited ) ( Refer note 8 ) Revenue from operations 2,533.87 2,378.85 1,749.27 8,028.48 Other income : Net gain on investments carried at fair value through profit and loss 21.60 3.21 18.33 Bank interest , dividend income and realised gain on mutual fund investments 39.10 32.99 9.86 91.22 Others ( Refer note 3 ) Total Income 72.00 2,666.57 44.56 2,456.40 7.01 1,769.35 66.35 8,204.38 Expenses Cost of materials consumed Employee benefits expense Finance costs ( Refer note 4 ) 1,517.58 16.39 1,364.48 18.16 0.52 1,096.32 Depreciation and amortization expense 196.07 211.00 30.89 231.02 0.52 4,875.68 86.40 911.12 Other expenses ( Refer note 3 ) 304.81 426.07 306.63 Total expenses 2,034.85 2,019.71 1,665.38 1,369.18 7,242.90 Profit before exceptional items , share of equity accounted investee and tax 631.72 436.69 103.97 961.48 Exceptional items ( Refer note 7 ) Profit before share of equity accounted investee and tax Share of profit of equity accounted investee ( net of tax ) Profit before tax 631.72 436.69 103.97 32.03 993.51 631.72 436.69 103.97 993.51 Tax expense Current tax Deferred tax ( benefit ) / charge Total tax expense 157.14 13.79 ( 48.87 ) 108.27 ( 15.04 ) ( 1.25 ) 37.33 ( 22.86 ) 14.47 193.50 ( 135.25 ) 58.25 523.45 437.94 89.50 935.26 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 14.25 ( 4.98 ) 27.46 ( 8.99 ) ( 5.44 ) 2.94 21.55 ( 6.40 ) Items that will be reclassified to profit or loss Effective portion of gains / ( losses ) on hedging instruments in cash flow hedges ( 42.39 ) 59.88 64.57 155.46 Income tax on items that will be reclassified to profit or loss 14.81 ( 20.93 ) ( 22.56 ) ( 54.33 ) Total other comprehensive income / ( loss ) ( 18.31 ) 57.42 39.51 116.28 Total comprehensive income for the period / year 505.14 495.36 129.01 1,051.54 Paid up equity capital ( face value 10 per share ) Other equity 2,691.54 2,690.44 2,689.02 2,690.44 7,792.21 Earnings per equity share ( face value per share 10 each ) * Basic Diluted 1.95 1.92 1.63 1.61 0.33 0.33 3.48 3.46 * EPS are not annualised for the interim periods . Notes : 1 2 The above unaudited standalone 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 23 July 2021 and 26 July 2021 respectively . These unaudited 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 . The statutory auditors of the Company have conducted a limited review of the above unaudited standalone financial results of the Company for the quarter ended 30 June 2021. An unqualified opinion has been issued by them thereon .