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KPIT Q3FY2026 Performance Overview

1.9%
Q3FY26 Revenue Growth
Revenue

QoQ ₹ growth of 1.9% and reported $ growth of 0.2%
Growth led by Off-Highway, Powertrain and Diagnostics

6.8%
Growth in Q3FY26 EBITDA
Profits

EBITDA growth of 6.8% YoY and flattish QoQ
EBITDA post absorbing partial wage hikes during the quarter

₹ 9.0 Bn
Q3FY26 closing net cash
Cash and DSO

Healthy Cash Generation continues. Net cash at ₹ 9.0 Bn as at quarter end Q3FY26 DSO stood at 40 days

$ 202M
Engagements closed in the quarter
Wins and Pipeline

$ 202M worth engagements closed during the quarter
Pipeline continues to be satisfactory

Performance Highlights

Revenue Growth

Q3FY26 Y-o-Y CC growth flattish, Q-o-Q CC growth 1.5% Caresoft & N-Dream contributed to 3.4% Q-o-Q growth

Margin Expansion

Q3FY26 EBITDA margins 20.6% Partial wage hikes during the qtr. Q4FY26 will also have hikes

Profit Growth

Additional Depreciation in Q3FY26 due to Caresoft and N-Dream Intangibles amortization - ₹38 M. Additional Finance Cost on Caresoft Deferred Consideration - ₹33 M and New Loan - ₹28 M

Cash

Robust Cash Conversion continued in Q3FY26. Net Cash at ₹9.0 B as against ₹10.4 B last quarter, post Caresoft Payout - ₹4,358 M, and NDream Payout - ₹1,973 M

Management Quotes

“Mobility is moving from software-defined to AI-defined, and we are making deliberate investments to stay ahead by reimagining the software lifecycle, improving quality and speed, and bringing AI-infused solutions to our clients. These solutions are now validated and are being implemented on production programs, portrayed by increase in our fixed price contracts and per person revenue. Mobilizing Change is our strategic direction for the next phase - shift from effort-led services to outcome-led solutions to increase the value we deliver and the value we capture. As OEMs push for faster time-to-market, reliability, and cost efficiency, KPIT is positioned to fortify its leadership and enable steady high-quality growth in medium term.”

Kishor Patil

Co-founder, CEO and MD, KPIT

“We are seeing client partnerships deepen as OEMs look for trusted teams who can take stronger ownership and deliver end-to-end outcomes. We see increased traction in trucks and off-highway sub-verticals as we integrate Caresoft operations. Mobilizing Change is also a talent story and we are building a solutioning mindset at scale with our home-grown leaders ascending as well as select external leadership hiring. The market is shifting tectonically - new entrants, regulations, and AI led disruption are rewriting the rules. Our clear intent is to move beyond ‘SDV’ to what the industry is becoming – ‘AI-defined Mobility’ and ensure our investments, practices, leadership and delivery depth keep compounding our front-runner advantage.”

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 Q3FY26 : $ 202 million

A Leading European Car Manufacturer selected KPIT for strategic engagements in the middleware, autonomous, connected and powertrain domains.
Multiple engagements in connected, autonomous, powertrain and body electronics domains for a leading American Car Manufacturer.
Multiple engagements in the vehicle diagnostics, autonomous and connected domains with a leading European Car Manufacturer.
Strategic engagements in the vehicle engineering, connected and diagnostics domains with a leading American Commercial Vehicle OEM.
A leading Chinese Car Manufacturer selected KPIT for multiple engagements in the connected domain

The TCV of new engagements won in Q3FY26 includes some wins from the Strategic Engagement won earlier

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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