KPIT Technologies on Monday reported a 17% year-on-year decline in its net profit for the September quarter at Rs 169.08 crore. Sequentially, the profit was down 1.66%. The drop was attributed to a share in losses from an associate company.
The company achieved a 3.2% sequential growth in revenue, which touched Rs 1,587.7 crore.
KPIT’s margins improved slightly to 21.1%. Without the losses, the net profit would have touched Rs 191 crore, surpassing any previous quarter, KPIT’s chief financial officer Priya Hardikar said. In dollar terms, KPIT’s revenue increased by 1.8% to $181 million.
Kishor Patil, co-founder, CEO and MD, KPIT, expressed optimism for the second half of FY26, noting that clients are showing increased confidence and clarity regarding tariffs and geopolitical issues. “As a result, they are more willing to engage on strategic initiatives,” he added.
In the second quarter, the company secured engagements worth $232 million, reflecting client confidence and a focus on technology solutions. With a healthy number of new deals and a strong pipeline, KPIT anticipates robust medium-term growth opportunities that will enhance revenue in the latter half of FY26.
He highlighted a notable development, a recent large, strategic multi-year engagement with a European OEM aimed at rapidly rolling out next-generation mobility technologies. Patil expects FY27 to be “promising”. According to the MD & CEO, European clients are facing intense competition from Chinese companies. KPIT is working on solutions to streamline processes and accelerate innovation, he said.
In the next fiscal, the company plans to intensify its efforts in the Indian market and focus on the Chinese market to drive growth, Patil said.