India · Delayed Price · Currency is INR KPIT Technologies Earnings Call Transcripts
Fiscal Year 2026
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Q4 saw steady growth, strong deal wins, and robust cash generation, with strategic investments in AI and technology. FY 2027 guidance targets 30% revenue growth in solutions/products and EBITDA margin of 20.5%-21.2%, with a midterm goal of 50% revenue from solutions/products.
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Q3 FY26 saw modest revenue and EBITDA growth, with Europe and off-highway segments leading. The company is accelerating its shift to solutions and AI, expecting higher growth and profitability in Q4 and FY27, despite near-term volatility from labor costs and geopolitical factors.
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Revenue grew 4.4% year-over-year, with EBITDA margin steady at 21.1%. Growth was offset by client reprioritization and solution-driven cannibalization, but strong deal wins in Europe and new verticals support a positive medium-term outlook.
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Revenue grew 12.8% YoY in INR with stable 21% EBITDA margin, despite macro headwinds and one-time items in the prior quarter. Growth is expected to accelerate in H2, driven by strong pipelines in Europe, India, and China, and increased focus on AI-infused mobility solutions.
Fiscal Year 2025
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Q4 FY25 saw 15% revenue growth and 21.1% EBITDA margin, with net profit up 48.9% year-on-year (34.9% excluding one-time items). Deal closures reached $280 million, and a strong pipeline is expected to drive broad-based growth in FY26, despite macro uncertainties and a slower H1.
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Revenue grew 18.1% year-over-year in Q3 FY25, with EBITDA margin rising to 21.1%. The deal pipeline expanded 20% quarter-on-quarter, led by Europe, and strong cash generation boosted the balance sheet. Investments in AI, new verticals, and productivity are expected to sustain growth.
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Q2 FY25 saw 20.1% YoY revenue growth and 20.8% EBITDA margin, driven by Asia and increased offshoring. Guidance for FY25 is reiterated, with revenue at the lower end and margins at the higher end due to cautious OEM spending and project delays. QIP of up to INR 2.88 billion is planned for acquisitions.
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Revenue grew 23.1% year-over-year and net profit rose 52.4%, driven by strong Asia performance, large deal wins, and a one-time gain from the QORIX JV. Guidance for 18–20% annual growth is maintained, with margin headwinds from ESOP and salary hikes expected next quarter.