KPIT Tech share price: After tumbling 8% on Tuesday, stock gains 2% today; what investors need to know

However, on Wednesday, the stock witnessed some recovery, and in the early trade, shares rose as much as 1.89% to ₹1,118.50 apiece on the NSE.

According to news reports, Goldman Sachs, in its latest report, has written that KPIT Tech Ltd will likely report a subdued September quarter.

The global investment firm has maintained its "neutral" rating on the stock.

The Caresoft acquisition, which the company closed last month, should contribute around $4 million in additional revenue, according to Goldman Sachs.

JPMorgan expects financial year 2026 to be a washout year for KPIT Tech, as it expects the company's topline to decline by 1% on an organic basis. It expects growth to rebound to 12% and 16% in financial years 2027 and 2028, respectively, the report added.

About KPIT Technologies

KPIT Technologies Limited specialises in embedded software and product engineering services for the automotive and mobility industry. Commonly called KPIT, the company is headquartered in Pune and operates development centres in Europe, the United States, Japan and China.

KPIT Technologies was founded in 1990 by Ravi Pandit and Kishor Patil as KPIT Infosystems. Being chartered accountants and having previously partnered at Kirtane & Pandit Chartered Accountants (KPCA), they laid the foundation for the company. Their venture took a significant leap in 1999 with the initial public offering (IPO).

As of December 2023, KPIT Technologies operates across 13 countries. The company has centres of excellence in India (Pune, Bengaluru, and Kochi), the EU, the US, Brazil, Thailand, China and Japan.

Its specialised areas include autonomous driving/ADAS, e-cockpit and connectivity, cloud and virtualisation, predictive diagnostics and maintenance, and functional consolidation in body electronics, aimed at supporting the self-driving vehicle transformation.

KPIT Tech Q1 FY26 Results

KPIT Technologies posted a consolidated net profit of ₹172 crore for the June quarter (Q1 FY26), posting an almost 16% decline from the year-ago period that had benefitted from an exceptional income.

The revenue from operations rose about 13% to ₹1,538.7 crore.

For Q1 FY26, KPIT Technologies' net profit stood at ₹171.8 crore, about 15.8% lower than the same period in the previous year.

The drop was due to the impact of currency fluctuation, as well as one-time income clocked during the quarter under review.

On a sequential basis, the net profit was almost 30% lower than in the March quarter (Q4FY25).

"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," Kishor Patil, co-founder, CEO and MD of KPIT, said.

Patil added, "The performance of Q1FY26 is in line with our expectations, and despite macro challenges, we have maintained our EBITDA (earnings before interest, taxes, depreciation, and amortisation) margins."