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Informist, Wednesday, May 6, 2026

 

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--KPIT Tech to pay INR 5.25 per share final dividend 
--KPIT Tech Jan-Mar consol net profit INR 1.63 bln 
--Analysts saw KPIT Tech Jan-Mar consol net profit INR 1.97 bln 
--KPIT Tech Jan-Mar consol revenue INR 17.11 bln 
--Analysts saw KPIT Tech Jan-Mar consol revenue at INR 16.93 bln 
--KPIT Tech Jan-Mar consol net profit INR 1.63 bln vs INR 1.33 bln qtr ago 
--KPIT Tech Jan-Mar consol revenue INR 17.11 bln vs INR 16.17 bln qtr ago 
--KPIT Tech Jan-Mar Americas revenue INR 4.57 bln vs INR 4.38 bln qtr ago 
--KPIT Tech Jan-Mar UK, Europe revenue INR 8.86 bln vs INR 8.68 bln qtr ago 
--KPIT Tech Q4 Rest of the World revenue INR 8.79 bln vs INR 7.42 bln qtr ago 
--KPIT Tech FY26 consol net profit INR 6.37 bln vs INR 8.40 bln year ago 
--KPIT Tech FY26 consol revenue INR 64.55 bln vs INR 58.42 bln year ago 
--KPIT Tech: See FY27 better than FY26 in terms of revnenue growth 
--KPIT Tech: See FY27 better than FY26 in terms of market opportunity 
--KPIT Tech: Growth acceleration seen in H2 led by "Products and Solutions" 
--KPIT Tech: FY27 EBITDA margin seen at 20.5%-21.2% 
--KPIT Tech Jan-Mar consol EBITDA INR 3.53 bln vs INR 3.33 bln qtr ago 
--KPIT Tech Jan-Mar consol EBIT INR 2.71 bln vs INR 2.52 bln qtr ago 
--KPIT Tech Jan-Mar consol sales up 1.8% on qtr in constant currency 
--KPIT Tech Jan-Mar EBITDA margin 20.6%, unchanged from quarter ago 
--KPIT Tech Jan-Mar EBIT margin 15.9% vs 15.6% quarter ago 
--KPIT Tech Jan-Mar passenger cars vertical sales $141.47 mln, down 0.2% QoQ 
--KPIT Tech Jan-Mar CV vertical sales $38.72 mln, up 11.6% on qtr 
--KPIT Tech Jan-Mar revenue from Asia $49.24 mln, up 25.1% on qtr 
--KPIT Tech Jan-Mar revenue from Europe $86.77 mln, down 7.1% on qtr 
--KPIT Tech Q4 feature development, integration sales $107.1 mln, dn 3.1% QoQ 
--KPIT Tech Jan-Mar revenue from US $48.83 mln, up 0.6% on qtr 
--KPIT Tech Jan-Mar total headcount 12,520 vs 12,724 qtr ago 
--KPIT Tech Q4 architecture, middleware ops sales $32.26 mln, up 5.8% QoQ 
--KPIT Tech Q4 cloud-based connected svcs sales $45.47 mln, up 12.9% QoQ 
--KPIT Tech Q4 contract value of new engagements won $349 mln 
--KPIT Tech Q4 contract value of new engagements won up 73% on qtr 
--KPIT Tech: Jan-Mar deal wins include two large engagements 
--KPIT Tech FY26 consol revenue up 1.3% on year in constant currency 
--KPIT Tech MD: Enough headroom for growth in automotive software ops in FY27 
--KPIT MD Tikekar: Auto cos under pressure to upgrade pdts amid competition 
--KPIT MD Tikekar: Have strategy to expand in India, China, Southeast Asia 
--KPIT MD Tikekar: Expect off-highway, micromobility segments to drive growth 
 

 

By Shakshi Jain

 

NEW DELHI – KPIT Technologies Ltd.'s consolidated bottom line for the March quarter rose faster than the top line on a sequential basis, helped by a deferred tax benefit, but failed to meet analysts' consensus estimate. Meanwhile, the top line surpassed the Street's expectation with mid single digit growth quarter-on-quarter. 

 

The company's consolidated net profit rose sequentially in Jan-Mar after three consecutive quarters of decline. The top line for the reporting quarter grew at the fastest sequential pace in six quarters.

 

KPIT Technologies reported a consolidated net profit of INR 1.63 billion for Jan-Mar, up over 22% on quarter. However, on a year-on-year basis, the bottom line declined more than 33%. Analysts had expected the company to report a net profit of INR 1.97 billion for the quarter.

 

In the December quarter, the company had incurred a one-time cost of INR 592.12 million on account of implementation of new labour codes. Excluding this exceptional item, the net profit for Jan-Mar is down roughly 16% quarter-on-quarter. 

 

The company's top line grew nearly 6% sequentially and almost 12% on year to INR 17.11 billion in the March quarter, slightly higher than the INR 16.93 billion expected by the Street.  

 

In constant currency terms, the company's consolidated revenue grew 1.8% sequentially. 

 

KPIT Technologies recorded INR 3.53 billion in consolidated earnings before interest, tax, depreciation, and amortisation for the March quarter, up from INR 3.33 in the preceeding three months. Its EBIT for Jan-Mar stood at INR 2.71 billion, up from INR 2.52 billion a quarter ago. The company's EBITDA margin was largely unchanged sequentially in the reporting quarter at 20.6%, while the EBIT margin expanded by 30 basis points to 15.9%. 

 

The technology company won two large delas in the March quarter, reporting aggregate new engagements worth $349 million for the three months, up 73% sequentially. "The trade and geopolitical uncertainties impacted the mobility industry last year, hindering their investment in new platforms. The situation has improved as we begin FY27 with enough growth headroom available in automotive software as evidenced by the decent wins this quarter," KPIT Technologies co-founder and Managing Director Kishor Patil said in a presentation to investors.

 

Joint Managing Director Sachin Tikekar said original equipment manufacturers were under pressure to introduce introduce new products and features to maintain their competitive edge. "We've meticulously crafted a nuanced strategy to expand our business presence in key markets such as India, China, and Southeast Asia. We anticipate the off-highway and micromobility segments, along with the automotive industry, will be pivotal drivers of our growth," he added.

 

GEOGRAPHIES, SEGMENTS

KPIT Technologies logged broad-based revenue growth during the reporting quarter in terms of the geographic segments it operates in. Revenues from Americas grew 4.4% sequentially to INR 4.57 billion in Jan-Mar to account for 26.7% of the company's overall top line. Contribution from the company's largest geographic market, the UK and Europe, improved 2% sequentially to INR 8.86 billion. This segment accounted for roughly 51.8% of the company's total revenue from operations in Jan-Mar, down around 180 basis points from the trailing quarter. Revenues from "rest of the world" rose 18.5% sequentially in the reporting quarter to INR 8.79 billion.

 

In dollar terms, revenues from Asia grew 25.1% sequentially to $49.24 million in Jan-Mar and those from the US rose 0.6% to $48.83 million. Meanwhile, the contribution from Europe declined 7.1% sequentially to 86.77 million in the quarter.

 

As per the break-up for different verticals, revenues from the passenger cars category declined 0.2% sequentially to $141.47 million in the March quarter. Sales in the feature development and integration vertical declined 3.1% on quarter to $107.11 million in Jan-Mar, while those in the commercial vehicles category rose 11.6% sequentially to $38.72 million. Revenues from the architecture and middleware consulting vertical rose 5.8% sequentially to the $32.26 million and those from the cloud-based connected services vertical grew 12.9% on quarter to $45.47 million during the quarter.

 

FY26 PERFORMANCE

For the full year 2025-26 (Apr-Mar), KPIT Technologies reported a consolidated net profit of INR 6.37 billion, down 24% on year. Meanwhile, its revenue from operations rose over 10% on year to INR 64.55 billion. In constant currency, revenue for the year was up 1.3% year-on-year.

 

The company's total headcount in Jan-Mar fell to 12,520 from 12,724 in the December quarter and 12,873 in the year-ago quarter.

 

Presenting the outlook for the new financial year, the company said FY27 looked more promising than FY26 in terms of revenue growth visibility and market opportunity. It added that growth acceleration is seen in the second half of the year, led by products and solutions. KPIT Technologies expects an EBITDA margin of 20.5-21.2% for FY27, as per the investor presentation.

 

The company's board has recommended final dividend of INR 5.25 per share for FY26. On Wednesday, shares of the company closed over 3% lower at INR 748.60 on the National Stock Exchange.  End

 

US$1 = INR 94.61

 

Edited by Avishek Dutta

 

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