KPIT Tech: Will see higher increments, promotions, increase in hiring in FY22

On margins, he said, “We are exiting by about 17.2 percent, still we have said that we will have a margin between 16-17 percent EBITDA for the next year. We will have higher increments, promotions, in support of the growth, we will hire more. We also believe that in the second half of the year the operations will come to normal so some operational expenses will go up. So with all this, we will be spending higher. So in view of that, we have said it will be between 16 and 17 percent.”

On attrition, Patil said, “Year before we had one of the best numbers in terms of attrition, last year it remained similarly but because of the environment our attrition has gone up and we had expected that. We expect that attrition to be higher in the H1, but we certainly know that attrition will go down in H2. Over the year we are expecting about mid-teens.”

On engineering spends, he said, “If you take a view till year 25, many new technology production programs will be in 2025 which drives a lot of engineering spends. Roughly if you look at it the spending will go anywhere between 10-12 percent every year on the engineering.”