KPIT reports Q1FY26 and collaboration with JSW Motors
KPIT Technologies announced financial results for Q1 FY26.
Performance overview:
Q1 FY26 Revenues
- Revenues of 178MN with $ Y-o-Y growth of 7.8% , Q-o-Q growth of 0.3%
- Q1FY26 Y-o-Y CC growth 4.9%
Q1 FY26 Profitability
- EBITDA margin stable at 21.0%
- EBIT at 17%
Marks 20th consecutive growth quarter
TCV of new engagements won during Q1FY26: $241 million
Commenting on the performance of Q1 FY26, Kishor Patil, Co-founder, CEO and MD, KPIT said, “The performance of Q1FY26 is in line with our expectations and despite macro challenges we have maintained our EBITDA margins. 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. We are continuously reimagining ourselves to enhance our positioning as a global leader, driven by investments in building Solutions, backed by our Platforms, Tools and Accelerators (PTAs) to help our T25 clients get to the market faster with reliability at much lower cost. We are confident of growth in H2, led by T25 clients and expect to have growth momentum as we exit the year. ”
Aiming to leverage KPIT’s deep expertise in software and systems
development - honed over two decades across more than 2000 global vehicle
production programs, including multiple Software Defined Vehicle programs
(SDVs) - this collaboration will also further strengthen JSW Motors’ bold vision
to disrupt the domestic automotive market through innovation and global
collaboration.
The partnership underscores KPIT’s strategic commitment to the Indian
market and, along with JSW, promises to deliver superlative customer
experiences and accelerate India’s transition to clean mobility.
JSW Motors, the newly launched automotive business vertical of the JSW
Group, is investing US$3 billion over the next five years to develop and
manufacture electric, hybrid, and plug-in hybrid vehicles in India. The
company’s first New Energy Vehicle (NEV) is set to debut on the Indian roads
in the second half of FY2026. With a 630-acre automotive hub under
development in Bidkin, Maharashtra, JSW Motors is combining global
excellence with local relevance to deliver high-performance, sustainable
vehicles to Indian consumers.
Ranjan Nayak, CEO of JSW Motors, said: “We plan to build world-class
automotive products in India by integrating the best of technologies from
across the globe. KPIT’s expertise in software and systems development is a
cornerstone of our strategy to deliver best-in-class, technologically- advanced, high-performance, and sustainable vehicles. Together, we aim to energize the Indian auto ecosystem and set new benchmarks for innovation and customer satisfaction. Leveraging its global best practices and technical capabilities, KPIT will set-up a dedicated center of excellence for JSW Motors.”
