KPIT Technologies reported a flat revenue in the Q2 However, speaking to CNBC-TV18, Kishor Patil, Co-founder, MD & CEO of KPIT said that Q2 revenue is largely in-line with our expectations and guidance.

“There is a shift in the revenue mix. Our head count in onsite has gone down significantly. There is a movement from onsite to offshore and that reflected a little bit on the revenue side, but it is still in-line with what we mentioned last time,” he said.

Patil further added that they will see reasonable growth in H2 over H1, both in terms of revenue growth as well as margin expansion.

Patil also said that they will maintain EBITDA margin of 14 percent plus despite salary increments. “Will have further improvement in margin on Q4,” he added.

Cash flows have been strong, Patil said. “Our cash has improved beyond Rs 500 crore. Even in last two quarters, we have added Rs 200 crore of cash. So, we are well prepared for future growth,” he added.