KPIT Q2FY2027 Performance Overview

1.0%
QoQ ₹ Revenue growth of 1.0%
Revenue

QoQ $ Revenues flattish
YoY $ Revenue decline of 2.2%

17.8%
Q2FY27 EBITDA at 17.8%, QoQ expansion of 60 bps
Profits

Q2FY27 QoQ EBITDA growth of 4.5%
Q2FY27 QoQ PAT growth of 2.9%

₹ 6.2 Bn
Net cash at ₹ 6.2 Bn as at quarter end
Cash and DSO

Q2FY27 DSO stood at 53 days

$ 213 M
$ 213 M worth engagements closed in Q2FY27
Wins and Pipeline

Decent Improvement in total Pipeline
Healthy growth in Products & Solutions pipeline

Performance Highlights

Revenue

Q2FY27 Revenue Stood at $ 176.8M
Solid growth in T&OH, US & India, Connected & Aftersales
Healthy traction and growth in products and solutions
This growth made up for decline in 2 largest accounts

Margins

Expansion in EBITDA margin by 60 bps, largely driven by operations efficiency and revenue mix
Profitability We are on track for margin expansion in the near term aided by revenue mix, growth and AI-led productivity gains

Profitability

Q2FY27 PAT at ₹ 1.21B vs ₹ 1.17B in Q1
Q2FY27 results include forex loss of ₹ 171M (Q1 - ₹ 163M). This is expected to go down from Q3
Share of loss from Qorix at ₹ 156M (Q1 - ₹ 140M)- due to revenue delay. Loss expected to reduce from Q3

Cash

Net Cash at ₹ 6.2B as against ₹ 9.0B last quarter
Dividend outflow and Investment in Cymotive major outflows during the quarter
DSO stood at 53 days

Management Quotes

“The mobility industry continues to navigate major shifts in technology priorities, investment cycles and business models. While some OEMs are recalibrating programs in response to near-term pressures, the structural need for software led innovation, greater efficiency and faster time-to-market remains strong. Our Q2 FY27 performance is in line with expectations and reflects the early impact of our renewed strategy. We are seeing broadening opportunities across Passenger Vehicles, Off-Highway and Trucks segments. Our offerings in Connected Vehicles and Aftersales are gaining traction, while Beacon, KPIT’s Mobility Intelligence product, is strengthening our strategic relevance with clients. Our AI led approach is helping clients address evolving priorities via differentiated solutions, improved productivity and measurable business outcomes. We believe these shifts create significant opportunities for KPIT. Our expanding capabilities, broadening market presence and AI-powered offerings position us well for sustainable medium-term growth and margin expansion.”

Kishor Patil

Co-founder, CEO and MD, KPIT

“Our priority has been to build a more diversified and resilient growth engine, and we are seeing tangible results. Despite a sharp reduction in business from two of our largest clients, growth across several other existing and new clients has enabled us to largely offset the impact and maintain a broadly stable revenue base. We expect the decline in these two accounts to bottom out over the next couple of quarters. Operationally, our focus is on scaling emerging accounts, converting opportunities into executable programs, and improving the quality and predictability of delivery. We have seen a marked improvement in our pipeline, supported by growing traction in US and India. The Caresoft integration is strengthening our capabilities in Vehicle Engineering and Manufacturing Consulting, creating new opportunities. We are also accelerating the adoption of AI across engineering, delivery and internal operations to enhance productivity, speed and competitiveness. With sharper execution, greater account diversification and an increasingly aligned organization, we are building a stronger foundation for sustainable growth.”

Sachin Tikekar

Co-founder and Joint MD, KPIT

New Engagements

Strong Wins - TCV of new engagements won during Q2FY27 : $ 213 million

Strategic engagements in the powertrain, connected and middleware domains with a leading American car OEM.
Multiple engagements in autonomous, middleware and cybersecurity domains for a leading European Car Manufacturer.
Multiple engagements in vehicle engineering and after sales domains with a leading American CV Manufacturer.
A Leading European Car Manufacturer selected KPIT for strategic engagements in the electric powertrain and diagnostics areas.
A leading American CV OEM selected KPIT for multiple engagements in the vehicle engineering and middleware domains.
Strategic engagements in the vehicle engineering, powertrain and connected domains with a leading Asian Car Manufacturer.

Frequently Asked Questions

When was KPIT incorporated?

Since last 25 years, KPIT Technologies has been working with mobility and automotive companies, providing technology solutions for making mobility cleaner, smarter and safer. In Jan-2018, KPIT announced a restructure to merge with Birlasoft and then demerge to focus only the Mobility and the Automotive sector. This entity was hence incorporated as a public limited company on 8th January, 2018 under the Companies Act, 2013. On March 13, 2019, name of the company changed from “KPIT Engineering Limited” to “KPIT Technologies Limited”.

Where is KPIT's registered office located?

The registered office of the company is located at: Plot No. 17, Rajiv Gandhi Infotech Park Phase III, MIDC - SEZ, Hinjawadi Pune - 411 057, India Tel: +91 20 6770 6000

Who are the founder members of the company?

The founder members of KPIT are Mr. Ravi Pandit and Mr. Kishor Patil

What is the vision & mission statement of the company?

Reimagining mobility with you for creation of a cleaner, smarter & safer world

What are the areas of operations of the company?

KPIT specializes in embedded software, AI & digital solutions for the automotive and mobility industry enabling its customers accelerate implementation of next generation mobility technologies.

How many software development centers does KPIT have?

KPIT has software development centers located in Pune, Bangalore, Mumbai, Noida, Chennai (India), Munich (Germany), Raleigh (US) and Folsom (US). We have 31 global offices across 16 countries.

When did the company have its IPO and at what price?

The Company is in the process of filing the listing application with stock exchanges. This section will be available for investors once the Company is listed with the stock exchanges.

What is the name & address of the compliance officer of the company?

Ms. Nida Deshpande is the Compliance Officer/Company Secretary of KPIT.

Whom do I contact in case of non-receipt of dividend, loss of share certificates, etc.?

Please contact the Company Secretary on the above-mentioned address

I want to know more about KPIT and its operations.

You can get in touch with Mr. Sunil Phansalkar from the investor relations team at sunil.phansalkar@kpit.com

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