KPIT Technologies reports 12.8% revenue growth in Q1

KPIT Technologies reported year-on-year revenue growth of 12.8% in rupee terms and 7.8% in dollar terms for Q1 FY26. EBITDA grew 12.4% year-on-year, maintaining a 21% margin. Profit after tax stood at INR 1,719.1 million.

New deal wins totaled $241 million, primarily in powertrain and connected areas across the USA and Europe, focusing on passenger cars.

The company is transitioning toward a fixed-price project model, which increased to 62.5% from 60%, enhancing profitability. Headcount decreased to 12,545 from 12,873.

KPIT expects stronger H2 performance than H1, with growth anticipated in commercial vehicle, off-highway, and passenger car segments. The company foresees meaningful contributions from India and China, including the recently announced JSW engagement.