KPIT Technologies' quarterly profit fell 17% due to joint venture losses, but revenue rose 8% on strong growth in connected and autonomous vehicle segments and improving demand in Europe
Auto industry-focused KPIT Technologies on Monday reported a 17 per cent decline in its net profit to Rs 169.08 crore for the September quarter. The Pune-headquartered company had posted a profit of Rs 203.7 crore in the year-ago period, according to a regulatory filing. The company's revenue from operations increased by 7.9 per cent to Rs 1,587.71 crore in Q2 FY26, as compared to Rs 1,471.41 crore in Q2 FY25. Seen quarter-over-quarter, profit saw a dip of 1.6 per cent while revenue rose by 3.18 per cent. "Our strategic investments, such as the Caresoft Engineering Solutions Business acquisition closure in Q2 and the stake increase in NDream coupled with the investment in helm.ai in Q3, are strengthening our foundation and expanding our capabilities, Kishor Patil, Co-founder, CEO and MD, KPIT, said. The company's TCV (total contract value) for new deals won during the quarter under review stood at USD 232 million. KPIT Technologies added 334 employees during the quarter, bringing
According to Motilal Oswal Financial Services Research, the the medium-term outlook for global automotive engineering research and development sector remains robust
KPIT Tech shares rose 3 per cent after Motilal Oswal assigned a 'Buy' rating while initiating coverage on the ER&D space
KPIT Technologies on Wednesday reported a net profit of ₹171.9 crore for the quarter that ended on June 30, 2025