Mumbai, India July 29: KPIT Technologies, a global leader in building mobility solutions for a cleaner, smarter, and safer world, announced financial results for Q1 FY27 today.
Performance overview:
· Q1 FY27 Revenues, EBITDA and PAT
o Revenue stood at $176.8mn
o Q1FY27 ₹ YoY Growth of 8.9%
o Q1 FY27 YoY CC Revenue growth of 0.1%
o Q1 FY27 YoY $ Revenue decline of 0.6%
o Q1FY27 EBITDA at 17.2%
o Q1FY27 EBIT at 12.3%
o Growth in the US geography and After Sales and Vehicle Engg. & Design practices
· Q1FY27 EBITDA margins impacted due to revenue reduction. Hereafter margins will improve successively every quarter, aided by revenue mix and growth and AI led productivity gains
· Strong Wins – TCV of new engagements won during Q1FY27 : $ 257 million
Commenting on the performance of Q1FY27
Kishor Patil, Co-founder, CEO and MD, KPIT said,
“The Q1FY27 performance has been slightly ahead of the outlook we shared at the end of the quarter. While a few of our largest clients continue to face pressures, the strategy we have pursued to diversify our growth across clients, geographies, mobility segments and offerings is beginning to demonstrate its resilience. AI-led products and solutions have become a common thread across our portfolio, and we are seeing encouraging traction across AI defined mobility, vehicle engineering, digital cockpit, autonomous technologies and after-sales. We believe our focused investments, differentiated capabilities and trusted client relationships position us well to return to stronger growth in H2FY27 and beyond. We have successfully navigated similar industry cycles before and remain confident in our strategy, execution and long-term direction.”
Sachin Tikekar, President and Joint MD, KPIT said,
“Our priority is disciplined execution of the strategy across every growth lever. We are expanding our presence in high-growth client accounts, accelerating momentum in trucks and off-highway, building relationships with new passenger vehicle manufacturers, strengthening our leadership in AI-defined vehicles, and embedding AI-led products and solutions across our offerings and client engagements. At the same time, we continue to deepen our capabilities in vehicle engineering, propulsion, diagnostics, cybersecurity and after-sales software. The encouraging progress across these growth vectors, together with disciplined execution, gives us confidence that we are steadily building a broader, more resilient and more predictable growth engine, creating the foundations for sustainable, profitable growth.”