KPIT Q1 FY27: Resilience in a slow quarter, and a bigger bet on AI-led mobility

Q1 FY27 revenue was USD 176.8 million. EBITDA margin was 17.2 percent, EBIT margin 12.3 percent, and PAT was INR 1.17 billion.

KPIT reported new engagements won during Q1 FY27 with total contract value of USD 257 million.

Management highlighted revenue reduction impacting margins, a forex loss of INR 162.77 million, and a share of loss from Qorix of INR 140.47 million.

Beacon is KPIT’s mobility intelligence product. The company announced a next-generation version intended to be deployed across multiple global OEMs to accelerate software deployment and optimize vehicle software development using AI-powered engineering.

AirConsole is the in-vehicle gaming platform under KPIT’s subsidiary N-Dream. KPIT highlighted an exclusive launch with Tata Motors Passenger Vehicles on the Sierra.ev and stated it follows a per-vehicle license model.

Net cash was INR 9.017 billion at the end of Q1 FY27 and DSO was 51 days.