Pune: KPIT Q1 FY27 began on a positive note as KPIT Technologies announced an 8.9% year-on-year (YoY) growth in rupee revenue and secured strong new engagement wins worth USD 257 million during the first quarter of FY27.
The company said its Q1 performance was slightly ahead of the outlook shared at the end of the previous quarter while maintaining its medium-term outlook.
KPIT Technologies, a global leader in building mobility solutions for a cleaner, smarter, and safer world, reported revenue of USD 176.8 million during KPIT Q1 FY27.
KPIT Q1 FY27 Performance Highlights
For KPIT Q1 FY27, the company reported:
- Revenue stood at USD 176.8 million
- 8.9% YoY growth in rupee revenue
- 0.1% YoY constant currency (CC) revenue growth
- 0.6% YoY decline in dollar revenue
- EBITDA margin of 17.2%
- EBIT margin of 12.3%
Growth driven by the US geography and After Sales and Vehicle Engineering & Design practices.
The company stated that EBITDA margins during KPIT Q1 FY27 were impacted due to revenue reduction. However, it expects margins to improve successively every quarter, supported by revenue mix, business growth, and AI-led productivity gains.
KPIT also reported Total Contract Value (TCV) of USD 257 million from new engagements won during the quarter, supported by a healthy pipeline aided by products and solutions.
Company Maintains Medium-Term Outlook
Commenting on KPIT Q1 FY27, Kishor Patil, Co-founder, CEO and MD, KPIT, said: “The Q1FY27 performance has been slightly ahead of the outlook we shared at the end of the quarter.
While a few of our largest clients continue to face pressures, the strategy we have pursued to diversify our growth across clients, geographies, mobility segments and offerings is beginning to demonstrate its resilience.
AI-led products and solutions have become a common thread across our portfolio, and we are seeing encouraging traction across AI defined mobility, vehicle engineering, digital cockpit, autonomous technologies and after-sales. We believe our focused investments, differentiated capabilities and trusted client relationships position us well to return to stronger growth in H2FY27 and beyond.
We have successfully navigated similar industry cycles before and remain confident in our strategy, execution and long-term direction.”
Also Read: CES 2026: KPIT Mobility Agentic AI Redefines Vehicle Software Development
Focus on Broad-Based Growth Strategy
Speaking about KPIT Q1 FY27, Sachin Tikekar, President and Joint MD, KPIT, said: “Our priority is disciplined execution of the strategy across every growth lever. We are expanding our presence in high-growth client accounts, accelerating momentum in trucks and off-highway, building relationships with new passenger vehicle manufacturers, strengthening our leadership in AI-defined vehicles, and embedding AI-led products and solutions across our offerings and client engagements.
At the same time, we continue to deepen our capabilities in vehicle engineering, propulsion, diagnostics, cybersecurity and after-sales software. The encouraging progress across these growth vectors, together with disciplined execution, gives us confidence that we are steadily building a broader, more resilient and more predictable growth engine, creating the foundations for sustainable, profitable growth.”
According to the company, KPIT Q1 FY27 reflected progress toward broad-based growth through diversification across clients, geographies, mobility segments, and offerings.
It also highlighted increasing traction for AI-led products and solutions across AI-defined mobility, vehicle engineering, digital cockpit, autonomous technologies, and after-sales software.
The company added that its healthy pipeline continues to be supported by products and solutions while maintaining confidence in its medium-term outlook and long-term growth strategy.
