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The Economic Times

Debaroti Adhikary

KPIT Tech Q1 Results: Shares rally 10% even as net profit drops 32% YoY to Rs 117 crore. Here's why

KPIT Tech KPIT KPIT Technologies

Mid-tier engineering and technology services firm KPIT Technologies on Wednesday reported a 32% year-on-year (YoY) drop in consolidated net profit to Rs 117 crore for the first quarter of FY27, with shares of the company spiking around 10% after management highlighted that Q1 performance was slightly ahead of its earlier outlook.

KPIT Tech’s revenue from operations, meanwhile, rose around 9% YoY to Rs 1,675 crore during Q1 FY27, from Rs 1,539 crore reported in the corresponding quarter of FY26.

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