KPIT Tech Q4 net grows 23% on widening profit margins

Over 600 campus offers have been made to freshers and it will also be augmenting its base by hiring laterally, which will be done two quarters ahead of requirement. After deferring any salary hike in FY21, it will be reverting to its normal practice and declare a salary hike for all employees starting July, he said.

Patil said up to 3 percent of its overall workforce has been impacted in the second wave of the pandemic, and stressed that employee well-being will be one of the biggest focus areas. He, however, exuded confidence that delivery schedules will not be impacted as a result of the second wave and added that the company expects staff to come back to working from offices from the second half of the fiscal. It did not take some of the new office space it was supposed to be taking after the onset of the pandemic, he said, adding that less than 2 percent of the staff are working from offices at present.

The company, which closed the fiscal with cash and equivalent at Rs 822 crore, may also look at acquisitions to grow its business if it makes the right fit, Patil said. KPIT scrip shed 1.62 percent to close at Rs 194.25 apiece on the BSE, as against a 1.61 percent gains on the benchmark, at the end of Wednesday’s trade.