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, driven by $241M in new deals and a shift to 62.5% fixed-price projects. Growth is expected to accelerate in H2 as macro uncertainties ease, with India and China set to contribute meaningfully.
Fiscal Year 2025
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Q4 FY25 saw 15% revenue growth and 21.1% EBITDA margin, with strong deal closures and a 48.9% rise in net profit (34.9% adjusted). Management expects H1 FY26 to be slow due to macro uncertainties, but anticipates a pickup in H2, with broad-based growth across geographies and segments.
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Q3 FY25 saw 18.1% revenue growth and 21.1% EBITDA margin, with strong cash generation and a 20%+ increase in deal pipeline. Growth was led by Asia, with balanced demand across geographies and subverticals, and significant investments in AI and productivity.
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Q2 FY25 saw 20.1% YoY revenue growth and 20.8% EBITDA margin, driven by Asia and strong fixed price/offshore execution. Guidance is reiterated, with revenue expected at the lower end and profitability at the higher end due to offshoring. Large deal pipeline remains robust.
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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.