KPIT Technologies Limited has submitted to the Exchange, the financial results for the period ended March 31, 2026.
KPITTECH · price
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KPIT Technologies reported FY26 consolidated revenue of Rs 64,549 million, up 10.5% from Rs 58,423 million in FY25. However, profit after tax fell 24.1% to Rs 6,374 million from Rs 8,396 million, impacted by significant foreign exchange losses (Rs 1,599 million vs Rs 86 million prior year), increased depreciation from acquisitions, and higher finance costs. The company recognised an exceptional charge of Rs 597 million due to new labour code implementation. The Board recommended a final dividend of Rs 5.25 per share. Additionally, KPIT announced acquisition of a strategic stake in Cymotive Technologies (Israel-based automotive cybersecurity firm), with initial investment of USD 10 million for 26% equity, convertible to 100% ownership by mid-2029 at a total estimated consideration of USD 60-120 million. Statutory auditors issued an unmodified (clean) opinion.
Despite steady revenue growth, the sharp PAT decline due to FX headwinds and one-time labour code charges is a concern. The significant increase in borrowings (from near-zero to Rs 4.6 billion) raises leverage risks. The Cymotive acquisition diversifies capabilities into cybersecurity but involves a declining revenue target company. Shareholders may react cautiously to the profit drop despite the clean audit.