The order pipeline for digital, automotive engineering and product lifecycle management (PLM) is very strong, said Kishor Patil, co-founder, Managing Director and Chief Executive Officer, KPIT Technologies.

"For the traditional enterprise business the pipeline is not as strong but usually that starts building in the second quarter," said CEO.

Patil said the company is now choosy about the customers and area we want to work with. Secondly, there are some changes in the business environment, which have to be factored in.

The volume of the order book is bigger than the same time last year, he said, adding that, they are seeing strong growth from Europe and Asia and will do more work in the US to build that business.

He said, as of now, they are just focused on improving margins quarter by quarter, which they have done for the last five quarters.

“Rate realisations have been good and so have the quality of customers,” he added.

Pune-based technology company, KPIT Technologies, has posted the best revenue growth in several quarters.

The FY18 dollar revenues were up 14.80% and domestic revenues were 10.30%.

FY18 earnings before interest, taxes, depreciation, and amortisation (EBITDA) came in at 10.30% and profit after tax was up 6.60%.

For FY19, the company has guided 11.5-12.5% EBITDA margins but it’s lower than the industry margins.