KPIT Technologies’ net profit dropped by a third to ₹1,62.97 crore in the March-ending quarter of FY26, due to higher finance cost, material cost, depreciation and amortisation expense as well as forex loss. Management also attributed the dip in performance to impact on the automotive sector owing to macroeconomic developments.
The company reported a hit to profit despite a 12 per cent annual growth in revenue of ₹1,723.1 crore and and strong deal wins led by connected vehicle, after sales, virtual engineering and propulsion domains. EBITDA margins stood at 20.6 per cent.
Sequentially, the company reported a 22 per cent growth in profits and a 4.3 per cent growth in revenue.
Strategic Engagements
TCV of new engagements won during Q4 was $349 million, including two large strategic engagements.
“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,” said Kishor Patil, Co-founder, CEO and MD, KPIT, adding that AI is now core to Automotive Engineering and favors domain focused players.
KPIT also pivoted towards domain and AI led Products & Solutions, layered on delivery to improve long term value capture for our clients, as demonstrated by recent wins.
Expansions Plans
Further, Sachin Tikekar, President and Joint MD, KPIT said, “OEMs are under immense pressure to swiftly introduce new products and features to maintain their competitive edge. Simultaneously, they face relentless cost constraints. Given our robust relationship with them, we’re actively deploying our products and AI-infused solutions to assist them in effectively reducing their time to market, thereby enhancing our market share.”
The company has initiated engagements with several OEMs in the trucks and off-highway sectors. Its current role involves guiding the OEMs towards AI-defined machines. The company is also working to expand 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,” said Tikekar.
Published on May 6, 2026