KPIT Q1FY2026 Performance Overview

0.3%
FY26 CC Revenue growth
Revenue

Q1FY26 reported $ QoQ growth of 0.3% Growth steered by Powertrain and Connected

12.4%
Growth in FY26 EBITDA
Profits

Q1FY26 EBITDA YoY growth of 12.4% Q1FY26 EBIT at 17.0%

20.8%
FY26 closing net cash
Cash and DSO

Q1FY26 closing net cash at ₹ 16,220 million Q1FY26 DSO stood at 45 days

$ 236M
Engagements closed in the quarter
Wins and Pipeline

$ 241M worth engagements closed in the quarter Pipeline continues to be robust

Performance Highlights

Revenue Growth

Q1FY26 Y-o-Y CC growth 4.9%
Q1FY26 Q-o-Q CC growth -3.2%

Margin Expansion

Q1FY26 EBITDA margins 21.0%
Margins aided by operational efficiency and INR depreciation

Profit Growth

During Q1FY26, ₹ depreciated against Euro and Yen. Other Income thus includes loss on forward contracts. Other income stood at - ₹ 81 M (+ ₹ 191 M in Q4FY25) a net QoQ negative impact of ₹ 272M

Cash

Robust Cash Conversion continued during the quarter and the Net Cash moved from ₹ 15.9 B to ₹ 16.2 B post last earnout payouts of Technica for ₹ 1.4 B

Management Quotes

“The performance of Q1FY26 is in line with our expectations and despite macro challenges we have maintained our EBITDA margins. The mobility industry is going through a lot of fluctuations with geopolitical and tariff led uncertainties. We believe these will settle down in a quarter. We are continuously reimagining ourselves to enhance our positioning as a global leader, driven by investments in building Solutions, backed by our Platforms, Tools and Accelerators (PTAs) to help our T25 clients get to the market faster with reliability at much lower cost. Apart from our current clients and markets, which forms a major part of our business, we see opportunities in working on India for India Solutions to help our clients address and establish India specific products. We are optimistic about China as well. We are confident of growth in H2, led by T25 clients and expect to have growth momentum as we exit the year. ”

Kishor Patil

Co-founder, CEO and MD, KPIT

“KPIT is consistently progressing on creating innovative mobility specific AI ‘Specialized Learning Models’. Our mobility infused AI Solutions are creating value for our strategic clients and clear differentiators for KPIT. KPIT Solutions in terms of Full Validation Suite, Reference Architecture, Benchmarking and Cost Reduction and Middleware are already being deployed and have significant upward potential. KPIT AI framework is used by software developers for client engagements, bringing meaningful productivity benefits, depicted in our stable margins and lower headcount. KPIT has a key vantage point to orchestrate the entire ecosystem of alliances and partners to create solutions our clients will benefit from. Our deal closures have been steady, and the pipeline looks robust, setting the foundation for a healthier H2FY26.”

Sachin Tikekar

Co-founder and Joint MD, KPIT

Strategic Engagement

KPIT collaborates with Mercedes-Benz Research and Development India (MBRDI) to accelerate the realization of Software-Defined Vehicles

Collaboration to drive faster innovation, reduce time-to-market, and enhance efficiencies

KPIT Technologies has announced a collaboration with Mercedes-Benz Research and Development India (MBRDI) to accelerate the development and realization of Software-Defined Vehicles (SDVs). This collaboration is poised to enhance innovation, speed up product feature launches, and deliver cost advantages by leveraging KPIT’s cross-domain expertise in mobility technologies.

Mercedes-Benz is advancing its software development strategy as a fundamental pillar of its digital transformation journey across the globe. The company's approach focuses on creating an integrated software architecture that enhances vehicle functionality, user experience, and operational efficiency. By prioritizing software development, Mercedes-Benz aims to deliver continuous improvements to customers through regular updates, ensuring vehicles remain technologically current throughout their lifecycle.

Drawing on KPIT’s deep domain knowledge and experience in enabling mobility transformation globally, the collaboration will play a pivotal role in rearchitecting the technology stack of next-generation vehicles.

New Engagements

Strong Wins - TCV of new engagements won during Q1FY26 : $ 241 million

A Leading European Car Manufacturer selected KPIT for a strategic engagement in the autonomous driving domain.
Strategic engagements in the electric powertrain and architecture domains for a leading European Car Manufacturer.
Crucial engagements in the vehicle diagnostics and mechatronics domains with a leading American Commercial Vehicle OEM.
Strategic engagements in the connected, autonomous and body electronics domains with a leading Asian Car OEM.
Key Engagements in autonomous and connected domains along with joint go-to-market for a leading American Semiconductor Company.

Frequently Asked Questions

When was KPIT incorporated?

Since last 25 years, KPIT Technologies has been working with mobility and automotive companies, providing technology solutions for making mobility cleaner, smarter and safer. In Jan-2018, KPIT announced a restructure to merge with Birlasoft and then demerge to focus only the Mobility and the Automotive sector. This entity was hence incorporated as a public limited company on 8th January, 2018 under the Companies Act, 2013. On March 13, 2019, name of the company changed from “KPIT Engineering Limited” to “KPIT Technologies Limited”.

Where is KPIT's registered office located?

The registered office of the company is located at: Plot No. 17, Rajiv Gandhi Infotech Park Phase III, MIDC - SEZ, Hinjawadi Pune - 411 057, India Tel: +91 20 6770 6000

Who are the founder members of the company?

The founder members of KPIT are Mr. Ravi Pandit and Mr. Kishor Patil

What is the vision & mission statement of the company?

Reimagining mobility with you for creation of a cleaner, smarter & safer world

What are the areas of operations of the company?

KPIT specializes in embedded software, AI & digital solutions for the automotive and mobility industry enabling its customers accelerate implementation of next generation mobility technologies.

How many software development centers does KPIT have?

KPIT has software development centers located in Pune, Bangalore, Mumbai, Noida, Chennai (India), Munich (Germany), Raleigh (US) and Folsom (US). We have 31 global offices across 16 countries.

When did the company have its IPO and at what price?

The Company is in the process of filing the listing application with stock exchanges. This section will be available for investors once the Company is listed with the stock exchanges.

What is the name & address of the compliance officer of the company?

Ms. Nida Deshpande is the Compliance Officer/Company Secretary of KPIT.

Whom do I contact in case of non-receipt of dividend, loss of share certificates, etc.?

Please contact the Company Secretary on the above-mentioned address

I want to know more about KPIT and its operations.

You can get in touch with Mr. Sunil Phansalkar from the investor relations team at sunil.phansalkar@kpit.com

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