Q1 earnings 'ahead of outlook': KPIT Technologies shares gain most in 1.5 years, rise 10% 

Shares of KPIT Technologies zoomed 10% -the most in 1.5 years intra day, according to Bloomberg data- in the afternoon session on Wednesday after the firm said it reported Q1 earnings that surpassed its outlook shared in the beginning of this month. Net profit slipped 32% to Rs 116.41 crore in Q1 against profit of Rs 171.89 crore a year ago. Profit fell from Rs 162.97 crore on a sequential basis. Bloomberg had pegged Q1 profit at Rs 164 crore.

Revenue rose 9% to Rs 1674.9 crore in Q1 against Rs 1538.7 crore in the corresponding quarter of the previous fiscal. It slipped 2% from Rs 1711 crore in the March 2026 quarter. Bloomberg had pegged revenue at Rs 1691 crore.

In its outlook, the management had said that net profit margin is likely to fall sequentially, with the impact on earnings expected to be greater than the decline in revenue.

But today, Kishor Patil, Co-founder, CEO and MD, KPIT said, “The Q1FY27 performance has been slightly ahead of the outlook we shared at the end of the quarter. While a few of our largest clients continue to face pressures, the strategy we have pursued to diversify our growth across clients, geographies, mobility segments and offerings is beginning to demonstrate its resilience."

The stock zoomed 10% to Rs 662.75 against the previous close of Rs 602.50.Market cap of the firm rose to Rs 17,509 crore. Total 85.18 lakh shares of the firm changed hands amounting to a turnover of Rs 525 crore.

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KPIT Technologies Limited is a technology company, which is focused on automobile engineering and mobility solutions. The company offers electronic and mechanical engineering solutions to its customers. It also analyses data for diagnostics, maintenance and tracking of assets and related connectivity solutions, including data and analytics beyond embedded or mechanical engineering and their connectivity and integration with back-end information technology (IT) systems and platforms for the automobile and mobility sector.