KPIT Technologies reported a subdued start to FY27, with profitability and revenue declining sequentially amid weakness in demand from European automotive clients. Consolidated net profit fell 28% quarter-on-quarter (QoQ) to ₹117 crore, while revenue slipped 2% to ₹1,675 crore. Lower revenue also weighed on operating margins, although the company expects gradual improvement over the coming quarters, supported by a better revenue mix, AI-led productivity gains and a healthy order pipeline. Despite near-term challenges, KPIT secured $257 million worth of deals during the quarter and maintained confidence in a stronger second half of FY27.
Q1 FY27 Financial Snapshot
Metric
Q1 FY27
Previous Quarter (Q4 FY26)
Change
Net Profit
₹117 crore
₹163 crore
▼ 28% QoQ
Revenue from Operations
₹1,675 crore
₹1,711 crore
▼ 2% QoQ
Revenue (Constant Currency)
—
—
▼ 3.6% QoQ
Revenue (US Dollar)
$176.8 million
—
—
EBITDA
₹272 crore
₹311 crore
▼ 13% QoQ
EBITDA Margin
16.21%
18.18%
▼ 197 bps
Net Cash Position
₹900 crore
₹960 crore
▼ ₹60 crore
Operational Performance
Segment
Q1 FY27 Highlights
US Market
Recorded healthy growth
After-sales Business
Continued momentum
Vehicle Engineering & Design
Reported steady progress
Products & Solutions
Healthy traction during the quarter
Why Margins Declined
Factor
Impact
Lower Revenue
Reduced operating leverage
EBITDA Margin
Fell to 16.21% from 18.18% QoQ
Company Outlook
Margins expected to improve sequentially through better revenue mix, business growth and AI-driven productivity