KPIT Technologies Limited submitted its Q2 FY2026-27 Results Investor Update to the stock exchanges on October 28, 2026. The document serves as a comprehensive financial and operational performance report for the quarter ended September 2026.

Financial Performance Highlights

  • Q2 FY27 Revenue stood at ₹16,909.66 million (USD 176.8M), representing a 6.5% YoY growth in INR terms
  • QoQ Revenue growth was 1.0% in INR terms, while USD revenues were flattish QoQ with a 2.2% YoY decline
  • EBITDA margin expanded by 60 bps QoQ to 17.8%, with QoQ EBITDA growth of 4.5%
  • PAT stood at ₹1,206.57 million with QoQ growth of 2.9%
  • The results included a forex loss of ₹170.74 million and share of loss from equity accounted investee (Qorix) of ₹155.67 million
  • Net cash position was ₹6,205 million as against ₹9,017 million last quarter, with major outflows due to dividend payment and investment in Cymotive
  • DSO stood at 53 days at quarter end

Operational and Business Highlights

  • The company won new engagements with Total Contract Value (TCV) of $213 million during Q2FY27
  • Strategic engagements were secured with leading American, European, and Asian automotive OEMs across powertrain, connected, middleware, autonomous, cybersecurity, and vehicle engineering domains
  • Growth was seen in Commercial Vehicles (27.3% YoY), Cloud Based Connected Services (19.6% YoY), and US geography (25.9% YoY)
  • Decline was observed in Passenger Cars (7.8% YoY) and Europe geography (16.3% YoY)
  • Fixed Price Basis contracts increased to 70.6% of revenue from 67.7% in Q1FY27

Management Commentary

Kishor Patil, Co-founder, CEO and MD, stated: "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."

Sachin Tikekar, Co-founder and Joint MD, added: "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."

Industry Context and Response

The document noted industry headwinds affecting Passenger Car OEMs across Germany, France, UK and Japan, including job cuts, profit warnings, and restructuring measures. KPIT outlined its response strategy focusing on:

1. New Passenger Car OEMs in Japan, Korea, Europe

2. Off-highway and Trucks with new logos across US, Europe and Asia

3. Adjacencies including Micro Mobility 2W, 3W, LEV and Deep Tech

4. Products and Solutions including N-Dream, i-Dart, Technica powered by Beacon

5. Wallet Share Expansion across all practices

ESG Initiatives

  • KPIT committed to SBTi (Science Based Targets Initiative) with target to achieve Net Zero carbon footprint by 2050
  • Targeting ≥40% reduction in net emissions by 2030 from 2025 baseline
  • CDP rating improved to B- for water security and B for climate change
  • CSR programs impacted over 11 lakh beneficiaries

Additional Notes Section

The document includes detailed financial tables covering Profit & Loss, Balance Sheet, vertical-wise performance, business unit performance, geography-wise revenue, currency exposure, hedging details, and headcount data.

Headcount stood at 12,347 at quarter end (11,525 development, 822 enabling & sales).

The document contains forward-looking statements and disclaimers about risks and uncertainties that could cause actual events to differ materially from projections.

Conference Call Details

  • Date: Wednesday, October 28, 2026
  • Time: 1730 Hrs.
  • Participants: Mr. Kishor Patil (Co-founder, CEO & MD), Mr. Sachin Tikekar (President, Joint MD), Mr. Anup Sable (Board Member & COO), Mrs. Priyamvada Hardikar (CFO), Mr. Chinmay Pandit (Board Member & Head Americas), Mr. Sunil Phansalkar (VP CF&G, Head-IR)

Media Appearances

Management scheduled to appear on ET Now (9:50 AM), NDTV Profit (9:50 AM), CNBC Awaaz (10:15 AM), and BTTV (11:00 AM) on October 29, 2026.