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KPIT Tech's revenue from operations, meanwhile, rose around 9% YoY to Rs 1,675 crore during Q1 FY27, from Rs 1,539 crore reported in the corresponding quarter of FY26.
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The revenue in constant currency terms grew only 0.1% YoY. The company said its pipeline continued to be satisfactory, with healthy growth in its products and solutions pipeline. "Hereafter margins will improve successively every quarter, aided by revenue mix and growth and AI-led productivity gains," the company said.
The Pune-headquartered tech firm's total income rose over 8% YoY to Rs 1,683 crore, while total expenses increased around 15% YoY to Rs 1,509 crore during the quarter under review.
The Q1 FY27 performance has been slightly ahead of the outlook the company shared at the end of the quarter, said its CEO and MD Kishor Patil. While a few of KPIT Tech's largest clients continue to face pressures, the strategy it has pursued to diversify growth across clients, geographies, mobility segments and offerings is beginning to demonstrate its resilience, he added.
"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 aftersales. 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," he further said.
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In the last one month, the stock was down 11.69% and in the last three months, it was down 21.89%. The stock was down 43.12% in the last six months and nearly 53% in the last one year.
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Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price