KPIT Technologies Limited (KPITTECH)
₹555.00 +5.51% last close, 16 Oct
Q2 FY27 results
📅 Next results: 28 Oct 2026 (board meeting)KPIT Technologies Limited's board meets on 28 Oct 2026 to consider its Q2 FY27 results (July-September 2026).
In its latest reported quarter, Q1 FY27, KPIT Technologies' revenue was ₹1,675 Cr (+8.9% year on year, -2.1% on the previous quarter), and net profit ₹116 Cr (-32.3% year on year); the operating margin was 11.8%.
| Q1 FY27 (₹ Cr) | Value | YoY vs Q1 FY26 | QoQ |
|---|---|---|---|
| Revenue | ₹1,675 | +8.9% | -2.1% |
| Operating profit | ₹197 | -34.2% | -37.8% |
| Net profit | ₹116 | -32.3% | -28.6% |
| EPS (₹) | 4.30 | -32.0% | -27.7% |
| Operating margin | 11.8% | — | — |
KPITTECH delivery percentage and open interest
NSE end-of-day data for
On Fri, 16 Oct 2026, 22.9% of the KPITTECH shares traded on NSE were taken to delivery, against the stock's own 20-session average of 34.13%. The price rose 5.51% on unusually low delivery, so more of the move than usual was intraday trading. It traded 2.6 times its average daily volume. In KPITTECH futures, open interest fell 5.56% while the futures price rose 5.26%: short covering (shorts closing out).
Delivery in the last 5 sessions: 42.2% · 15.6% · 16.6% · 20.2% · 22.9%
A description of what the exchange published, not a recommendation. Names such as "accumulation" or "long buildup" label a pattern in the numbers. How delivery is analysed
📢 Recent Corporate Announcements
KPIT Technologies submitted its Reconciliation of Share Capital Audit Report for the quarter ended September 30, 2026. The company's total issued and listed capital stands fully reconciled at 27,41,43,808 equity shares of face value Rs 10 each. Dematerialized holdings account for 99.94% of the capital, with 85.29% held in NSDL and 14.65% in CDSL. Physical holdings stand at just 1,76,458 shares (0.06%), with a total of 6,80,331 shareholder accounts.
- Total issued and listed capital reconciled at 27,41,43,808 equity shares
- Dematerialized shares represent 99.94% of total capital (85.29% NSDL, 14.65% CDSL)
- Physical shares comprise 1,76,458 shares, accounting for 0.06% of capital
- Total security holder accounts reported at 6,80,331 as of September 30, 2026
KPIT Technologies submitted its Reconciliation of Share Capital Audit Report for the quarter ended September 30, 2026. The company's total issued and listed capital stands fully reconciled at 27,41,43,808 equity shares of face value Rs 10 each. Dematerialized holdings account for 99.94% of the capital, with 85.29% held in NSDL and 14.65% in CDSL. Physical holdings stand at just 1,76,458 shares (0.06%), with a total of 6,80,331 shareholder accounts.
- Total issued and listed capital reconciled at 27,41,43,808 equity shares
- Dematerialized shares represent 99.94% of total capital (85.29% NSDL, 14.65% CDSL)
- Physical shares comprise 1,76,458 shares, accounting for 0.06% of capital
- Total security holder accounts reported at 6,80,331 as of September 30, 2026
KPIT Technologies has informed stock exchanges of its participation in two upcoming investor conferences in Mumbai. The company will attend the Anand Rathi Flagship Conference India 2026 on September 21, 2026, and the JP Morgan India Conference 2026 on September 22, 2026. The management stated it will reiterate information previously shared during the Q1 FY27 earnings call held on July 29, 2026, and confirmed no unpublished price sensitive information (UPSI) will be disclosed.
- Participation in Anand Rathi Flagship Conference scheduled for September 21, 2026, in Mumbai
- Participation in JP Morgan India Conference scheduled for September 22, 2026, in Mumbai
- Company will reiterate disclosures made during the July 29, 2026 post-earnings call for the quarter ended June 30, 2026
- Confirmation that no unpublished price sensitive information (UPSI) will be shared
KPIT Technologies Limited announced that all 10 resolutions presented at its 9th Annual General Meeting held on August 31, 2026, were approved with the requisite majority. Key resolutions passed include the approval of a final dividend of Rs 5.25 per equity share (52.5%), taking total FY26 dividend to Rs 7.50 per share including the interim dividend. Shareholders also approved the reappointment of whole-time directors Mr. Anup Sable and Mr. Chinmay Pandit for 5-year terms, as well as maintaining director remuneration frameworks.
- Final dividend of Rs 5.25 per equity share of Rs 10 each approved (99.9976% votes in favour)
- Reappointment of Mr. Anup Sable as Whole-time Director for 5 years from Dec 22, 2026 approved (96.69% in favour)
- Reappointment of Mr. Chinmay Pandit as Whole-time Director for 5 years from July 26, 2027 approved (95.66% in favour)
- Reappointment of Ms. Bhavna Doshi as Independent Director for 5 years approved (98.56% in favour)
KPIT Technologies conducted its 9th Annual General Meeting on August 31, 2026, attended by 82 members via video conferencing. The meeting considered 10 resolutions, including the adoption of FY26 financial statements and approval of a final dividend of ₹5.25 per share (in addition to ₹2.25 interim dividend). Key governance resolutions included the reappointment of Whole-time Directors Mr. Anup Sable and Mr. Chinmay Pandit for 5-year tenures, and appointment of Dr. Nirmala Pandit for 3 years. The company also recorded condolences on the passing of Co-founder and Promoter Mr. S. B. (Ravi) Pandit.
- Final dividend of ₹5.25 per share (52.5%) approved, bringing total FY26 dividend to ₹7.50 per share
- 82 members attended the 9th AGM conducted via VC/OAVM on August 31, 2026
- Reappointment of Whole-time Directors Mr. Anup Sable and Mr. Chinmay Pandit approved for 5-year terms
- Appointment of Dr. Nirmala Pandit as Non-Independent Non-Executive Director approved for a 3-year term
KPIT Technologies received an adjudication order from the Office of the Collector of Stamps imposing a penalty of ₹1,23,14,040 (~₹1.23 crore) jointly on KPIT Technologies and Birlasoft Limited. The penalty arises from a 4-day delay in lodging the NCLT Composite Scheme of Arrangement order with the stamp authorities. The company confirmed it will pay the penalty per the standard process and stated that there is no material impact on its operations or financials.
- Penalty of ₹1,23,14,040 (~₹1.23 crore) imposed jointly on KPIT Technologies and Birlasoft Limited
- Adjudication order received on August 26, 2026
- Violation relates to a 4-day delay in lodging the NCLT Scheme of Arrangement order with stamp authorities
- Penalty equals less than 0.02% of TTM revenue (₹6,591 crore), having no material operational impact
KPIT Technologies Limited has reconstituted its Nomination and Remuneration (HR) Committee via a circular resolution on August 26, 2026. Independent Director Mr. Srinath Batni has been appointed as Chairman of the committee for a one-year tenure effective August 28, 2026. The previous Chairman, Mr. Anant Talaulicar, will continue to serve as a committee member. The reconstituted committee comprises five members, all of whom are Independent Directors.
- Mr. Srinath Batni appointed Chairman of the HR Committee w.e.f. August 28, 2026
- Tenure of the Chairman role is set for a period of 1 year
- Former Chairman Mr. Anant Talaulicar continues as a Committee Member
- Committee composition comprises 5 members, all Independent Directors
KPIT Technologies issued clarifications regarding Resolutions 5, 6, and 9 ahead of its 9th AGM scheduled for August 31, 2026, responding to 'AGAINST' recommendations from proxy advisor SES. The company clarified that Resolution 5 maintains the existing 2% net profit limit for Non-Executive Directors without proposing differential pay for promoter NEDs. Resolution 6 continues existing limits of 8% individual and 15% collective profit ceilings for Executive Directors (actual FY26 ED pay was ₹19.75 crore vs ₹69.1 crore statutory limit). The reappointment terms for Whole-time Director Chinmay Pandit specify a ₹2.3 crore base compensation with capped bonus and increments within statutory limits.
- AGM Resolution 5 maintains the existing 2% net profit limit for Non-Executive Directors for five years starting FY27.
- Executive Director aggregate remuneration limit maintained at 15% (8% individual); actual FY26 ED payout was ₹197.54 million against ₹691 million available ceiling.
- Chinmay Pandit's proposed reappointment structure includes ₹23 million annual fixed compensation, up to ₹10 million annual cash bonus, and a max 15% annual increment.
- Group consolidated revenue of ₹6,455 crore compared to standalone revenue of ₹2,608 crore cited to justify global executive compensation frameworks.
KPIT Technologies responded to proxy advisory firm IiAS regarding Resolution No. 9 for the upcoming AGM on August 31, 2026, which concerns the reappointment of Whole-time Director Chinmay Pandit from July 26, 2027, to July 25, 2032. IiAS had recommended voting against due to perceived ambiguity on post-2027 remuneration. The company clarified that India fixed compensation is capped at INR 23 million per annum (max 15% annual increment) with a bonus cap of INR 10 million, while US subsidiary remuneration has a base of INR 56.97 million (with up to 10% annual increments), remaining well within the statutory 2.5% net profit ceiling.
- Clarified remuneration terms for Whole-time Director Chinmay Pandit's 5-year reappointment starting July 26, 2027.
- Standalone compensation structured with fixed pay capped at INR 23 million/year and cash bonus capped at INR 10 million/year.
- US subsidiary remuneration was INR 56.97 million in FY26, with future annual increments capped at 10% if deputed abroad.
- Total remuneration capped strictly within SEBI's 2.5% net profit threshold under Section 198.
KPIT Technologies participated in the Equirus Annual India Conference on August 13, 2026, interacting with over 20 institutional investors including LIC, Kotak Asset Management, and Aditya Birla Mutual Fund. The company stated that no unpublished price sensitive information (UPSI) was shared, reiterating data from its July 29, 2026 earnings call. This routine engagement occurs against a backdrop of a 49.4% stock price decline over the past 12 months, despite maintaining a TTM revenue of ₹6,455 Cr and an OPM of 19.0%.
- Interacted with 20+ institutional investors and funds on August 13, 2026
- Reiterated information previously shared during the July 29, 2026 earnings call
- Participating entities included major domestic institutions like LIC, Canara Robeco, and Union Mutual Fund
- Confirmed that no new unpublished price sensitive information was disclosed during the meetings
KPIT Technologies participated in the 'Emkay Confluence 2026' conference on August 12, 2026, in Mumbai. The company conducted one-on-one meetings with 5 major institutions and group sessions with 12 others, including Premji Investment and Axis Mutual Fund. Management explicitly stated that no unpublished price sensitive information (UPSI) was shared, reiterating data from the July 29, 2026 earnings call. This interaction comes as the company maintains a TTM revenue of Rs 6,455 Cr and a market cap of Rs 16,652 Cr.
- Held one-on-one meetings with 5 institutional investors including ICICI Prudential Life and Max Life Insurance.
- Conducted group meetings with 12 investment firms including Edelweiss Mutual Fund and Premji Investment.
- Reiterated all financial and operational information shared during the previous earnings call on July 29, 2026.
- Confirmed that no new price-sensitive information was disclosed during the August 12, 2026 conference.
- Company continues to focus on its 18-21% growth target within the Software Defined Vehicle (SDV) segment.
KPIT Technologies participated in the Nirmal Bang Institutional Equities Semi-Annual Investor Conference on August 10, 2026. The company engaged in one-to-one meetings with Carnelian Asset Management and Quest Capital, alongside group meetings with eight other institutions including Baroda BNP Paribas Mutual Fund and Kotak Pension Fund. Management reiterated information from the July 29, 2026 earnings call, confirming no new price-sensitive information was shared. This routine engagement follows a period where the stock has seen a 47.3% price decline over the last 12 months despite TTM revenues of Rs 6,455 Cr.
- Interacted with 10 institutional investors/funds on August 10, 2026
- Held one-to-one meetings with Carnelian Asset Management & Advisors and Quest Capital Markets
- Group meetings included Baroda BNP Paribas Mutual Fund, Kotak Pension Fund, and Birla PMS
- Reiterated financial and operational data previously shared in the July 29, 2026 earnings call
- Confirmed zero disclosure of unpublished price sensitive information (UPSI)
KPIT Technologies has scheduled its 9th Annual General Meeting (AGM) for August 31, 2026, to be held via video conferencing. The company is proactively reaching out to shareholders who have not registered their email addresses by providing a web link to the FY 2025-26 Annual Report. This follows a fiscal year where KPIT reported a TTM revenue of ₹6,455 crore and a PAT of ₹637 crore. The filing is a procedural requirement under SEBI Regulation 36(1)(b) to ensure equitable access to financial disclosures.
- 9th Annual General Meeting scheduled for Monday, August 31, 2026, at 10:30 A.M.
- Annual Report for the Financial Year ended March 31, 2026, made available via dedicated web-link.
- TTM Revenue for the period ending March 2026 reached ₹6,454.76 crore.
- Company reported a TTM Operating Profit Margin (OPM) of 19.0% for FY26.
- Shareholders provided with a dedicated toll-free number 1800 309 4001 for KYC and RTA assistance.
KPIT Technologies has submitted its Business Responsibility and Sustainability Report (BRSR) for FY 2025-26, highlighting its operational focus on software-defined vehicles (SDV). The company reported that 94.24% of its turnover is derived from architectural and engineering activities, with a heavy reliance on international markets as exports contribute 90% of total revenue. With a global workforce of over 13,000 professionals, the company operates 27 offices across 14 countries. The report includes reasonable assurance on core ESG KPIs, including GHG emissions and data security, reflecting standard regulatory compliance.
- Exports contribute 90% of the total turnover, highlighting high global market dependency.
- Architectural and engineering activities account for 94.24% of the total business turnover.
- Global workforce stands at over 13,000 specialized professionals across 27 office locations.
- Paid-up capital of the entity is reported at ₹274.143 Crores.
- Reasonable assurance obtained for 14 specific sustainability indicators, including Scope 1 and 2 GHG emissions.
KPIT Technologies has scheduled its 9th Annual General Meeting (AGM) for August 31, 2026, to approve FY26 results and a final dividend of ₹5.25 per share. This brings the total dividend for FY26 to ₹7.50 per share, representing a payout of approximately 32% of TTM PAT. Key resolutions include setting management remuneration limits for the next five years (FY27-FY31) at 15% of net profits collectively for Executive Directors and 2% for Non-Executive Directors. The company also seeks the reappointment of CEO Kishor Patil and Independent Director Bhavna Doshi.
- Final dividend of ₹5.25 per equity share (52.5%) recommended for FY26 approval.
- Total FY26 dividend stands at ₹7.50 per share, including the ₹2.25 interim dividend already paid.
- Proposed collective remuneration limit for Executive Directors set at 15% of net profits for five years starting FY27.
- Proposed remuneration limit for Non-Executive Directors set at 2% of net profits for the same five-year period.
- AGM scheduled for August 31, 2026, with August 24, 2026, fixed as the e-voting cut-off date.
Financial Performance
Revenue Growth by Segment
Passenger cars grew to contribute 80.4% of total revenues in FY25, while the commercial vehicles segment contributed 16.0%. Overall revenue in INR grew 19.9% YoY in FY25, following a 45% growth in FY24 and 38.3% in FY23.
Geographic Revenue Split
Europe is the largest contributor at 47.7% of revenue, followed by the US at 27.4%, and Asia at 24.9%. Asia led the growth in the most recent fiscal year.
Profitability Margins
Operating Profit Margin (OPM) improved from 18.9% in FY23 to 20.4% in FY24, reaching 21.0% in 9M FY25. This trend is driven by fixed cost leverage and improved productivity in software delivery.
EBITDA Margin
EBITDA margin stood at 21.1% as of Q2 FY26. Core profitability has been bolstered by a shift toward high-value solutions and the successful integration of the Technica Group acquisition.
Capital Expenditure
While specific future CAPEX is not detailed, the company maintains a sizeable cash surplus of INR 1,428.6 crore as of December 31, 2024, utilized for inorganic growth and technology investments.
Credit Rating & Borrowing
The company holds an [ICRA]AA (Stable) and [ICRA]A1+ rating. It remains net-debt free with no external debt repayment liabilities, supported by working capital limits of INR 265 crore.
Operational Drivers
Raw Materials
As a service-oriented IT firm, the primary 'raw material' is human capital (software engineers), with employee benefit expenses being the largest cost component. Wage inflation and talent retention are the critical cost drivers.
Import Sources
Talent is primarily sourced from India, with significant local hiring in key operating markets including the USA, Germany (Technica, MicroFuzzy), UK, Japan, and China.
Key Suppliers
Not applicable for a software firm; however, strategic technology partners include ZF Group and Qualcomm Ventures LLC for middleware platform development.
Capacity Expansion
Capacity is measured by headcount and technical domain expertise. The company is expanding its footprint in China to gain access to software benchmarking and local OEM markets.
Raw Material Costs
Wage costs are the primary expense; margins are vulnerable to wage inflation. Attrition has recently tapered, helping stabilize the cost base compared to the surge seen in FY22-FY23.
Manufacturing Efficiency
Efficiency is driven by 'fixed cost leverage' and the transition from pure services to solution-based delivery, which allows for higher revenue per employee.
Logistics & Distribution
Distribution is digital; however, the company maintains a global delivery model with material subsidiaries in the USA, UK, Japan, and Germany to serve clients locally.
Strategic Growth
Expected Growth Rate
18-21%
Growth Strategy
Growth is targeted through Software Defined Vehicle (SDV) programs, multi-year engagements with top 20 global OEMs, and inorganic expansion (Technica, Caresoft). The company is shifting from services to integrated solutions to capture higher wallet share.
Products & Services
Software IP, software integration, feature development, and verification/validation services for power trains, autonomous driving, digital cockpits, and connectivity.
Brand Portfolio
KPIT, Technica Engineering, MicroFuzzy, PathPartner, Qorix (JV), and N-Dream.
New Products/Services
Scalable automotive middleware platforms and SDV solutions developed in collaboration with ZF and Qualcomm; expected to provide long-term revenue visibility.
Market Expansion
Aggressive foray into the Chinese market and strengthening presence in Asia, which led recent growth phases.
Market Share & Ranking
Leading independent software integration partner for the global automotive industry, specifically in the SDV and EV domains.
Strategic Alliances
Joint Venture with ZF Group for middleware; strategic minority investment from Qualcomm Ventures LLC in the Qorix JV.
External Factors
Industry Trends
The industry is shifting toward Software Defined Vehicles (SDVs) and EVs. Global R&D spend is increasing as OEMs add new features to stay competitive, providing a growing market for KPIT's niche services.
Competitive Landscape
Competes with global engineering R&D firms and IT majors, but differentiates through 100% focus on the mobility vertical.
Competitive Moat
Moat is built on deep-domain technical capabilities and 'entrenched relationships' with top global OEMs. These switching costs are high due to the complexity of integrating software into vehicle architectures.
Macro Economic Sensitivity
Highly sensitive to global automotive R&D budgets and the transition speed to Electric Vehicles (EVs) and Autonomous Driving.
Consumer Behavior
Shift toward connected, shared, and autonomous mobility is driving OEM demand for KPIT's software integration services.
Geopolitical Risks
Exposure to hiring norms and regulatory changes in the US and Europe; potential trade barriers affecting the automotive supply chain.
Regulatory & Governance
Industry Regulations
Must comply with global automotive safety standards and data privacy regulations (GDPR) regarding customer data management and cyber security.
Environmental Compliance
Direct environmental risk is considered 'not material' due to the service-oriented nature of the business.
Taxation Policy Impact
Subject to global tax jurisdictions across US, Europe, and Asia; specific effective tax rate not disclosed in the provided snippets.
Legal Contingencies
No specific pending court case values provided; however, the company maintains statutory compliance certifications and non-disqualification of directors as per SEBI regulations.
Risk Analysis
Key Uncertainties
Revenue concentration in a single vertical (Automobiles) and high client concentration (80% from top 25 clients) are the primary business risks.
Geographic Concentration Risk
High concentration in Europe (47.7%) and the US (27.4%), making the company vulnerable to regional economic downturns in those markets.
Third Party Dependencies
Dependency on global OEMs' R&D cycles; a $45 million revenue reduction was recently noted due to client 'reprioritization' of programs.
Technology Obsolescence Risk
Risk of rapid shifts in automotive software architecture; mitigated by early investment in SDV and middleware platforms.
Credit & Counterparty Risk
Receivables quality is generally high given the blue-chip nature of global OEM clients, though DSO increased to 49 days recently.