KPIT Technologies (KPITTECH) Q1 25/26 earnings summary

Executive summary

• Year-on-year revenue growth of 12.8% in INR and 8% in USD, with Q1 FY26 revenue at ₹15,387.61 million, led by Powertrain and Connected segments.

• EBITDA margin stable at 21%, with YoY EBITDA growth of 12.4%.

• PAT for Q1 FY26 was ₹1,718.99 million, lower sequentially due to absence of prior one-time gains.

• $241 million in new deal wins, mainly in powertrain and connected segments, with robust pipelines and major wins with global OEMs.

• Bullish outlook on AI-infused mobility solutions, expansion in China and India, and strategic collaborations such as JSW MG Motor and Caresoft acquisition.

Financial highlights

• Q1 FY26 consolidated total income was ₹15,547.21 million, with EBITDA at ₹3,239 million and EBIT margin at 17%.

• PAT margin was 11.2%, with net cash position increasing to ₹16,220 million and DSO at 45 days.

• Basic EPS for Q1 FY26 was ₹6.32; standalone profit was ₹2,289.23 million.

• Fixed-price projects increased to 62.5% of revenue, supporting efficient business models.

• 20 consecutive quarters of revenue and EBITDA growth.

Outlook and guidance

• H1 expected to remain uncertain; growth momentum anticipated in H2 FY26, supported by large deal wins and expansion in India and China.

• Margins expected to be maintained at 21% EBITDA, with potential for medium-term improvement.

• No formal multi-year revenue guidance until market conditions stabilize.

• Caresoft acquisition expected to augment growth in Trucks, Off-highway, and China market.