Get all your news in one place.

100's of premium titles.
One app.

Get all your news in one place.

100's of premium titles. One news app.

The Economic Times

Business

Veer Sharma

KPIT Tech shares crash 17% as company expects Q1 revenue decline, sharp hit to margins

KPIT United States KPIT Technologies

Shares of KPIT Technologies tanked 17% to the day's low of Rs 559.10 on the BSE on Wednesday after the company issued a preliminary business update indicating that its financial performance for the first quarter of FY27 will fall short of earlier expectations following a sudden drop in revenue in recent weeks.

The company said it expects its Q1FY27 reported revenue in U.S. dollar terms to decline by around 1% year-on-year compared with Q1FY26. The decline has been primarily attributed to sudden actions by some European original equipment manufacturers (OEMs) following their recent profit warnings and adverse business outlook.

Sign up to read this article

Read news from 100's of titles, curated specifically for you.

Already a member? Sign in here

Top stories on inkl right now

Puxico R-VIII Schools in Southeast Missouri Close Two Days After a Significant Increase in Illness Among Students

Puxico R-VIII Schools in Southeast Missouri Close Two Days After a Significant Increase in Illness Among Students

Puxico R-VIII schools in Southeast Missouri moved to remote days after a rise in illness. What is known, why schools closed, and when kids can return.

Police Raid Offices of RFK Jr.-Backed Researchers Planning Vaccine Trial for 7,000 African Newborns

Police Raid Offices of RFK Jr.-Backed Researchers Planning Vaccine Trial for 7,000 African Newborns

Guinea-Bissau police raided researchers' offices and seized hepatitis B vaccines amid a dispute over a trial involving 7,000 newborns.

International Business Times UK

Draft Petition Would Ask FDA to Require Botulism Testing of Infant Formula After 52 Babies Were Sickened

Draft Petition Would Ask FDA to Require Botulism Testing of Infant Formula After 52 Babies Were Sickened

A draft petition from 23 families would ask the FDA to require botulism testing of infant formula. What it seeks and what parents can do now.

A chemical tank explodes in Ohio, forcing evacuations and prompting fears of another blast

A chemical tank explodes in Ohio, forcing evacuations and prompting fears of another blast

A chemical tank exploded in Toledo, Ohio, forcing hundreds of residents to evacuate or shelter in place due to fears of a toxic release

The Independent UK

One subscription that gives you access to news from hundreds of sites

Already a member? Sign in here

Sacramento jury awards $33.3 million to physics student injured by a falling tree branch in 2020

Sacramento jury awards $33.3 million to physics student injured by a falling tree branch in 2020

In a landmark decision, a jury in Sacramento awarded Michael Flynn $33.3 million after he sustained a brain injury from a dead branch falling during his jog in McKinley Park. The city was found wholly negligent in their tree maintenance and safety checks. Despite the injury, Flynn persevered through rehabilitation…

The Times of India

Lexington ER Sees Flu Symptoms Earlier Than Usual as Kentucky Cases Run Ahead of Last Year's Pace

Lexington ER Sees Flu Symptoms Earlier Than Usual as Kentucky Cases Run Ahead of Last Year's Pace

A Lexington ER is seeing flu symptoms earlier than usual. Why late October is key for flu shots, how long protection lasts, and when to get care.

Related Stories

Top stories on inkl right now

Puxico R-VIII Schools in Southeast Missouri Close Two Days After a Significant Increase in Illness Among Students

Puxico R-VIII Schools in Southeast Missouri Close Two Days After a Significant Increase in Illness Among Students

Puxico R-VIII schools in Southeast Missouri moved to remote days after a rise in illness. What is known, why schools closed, and when kids can return.

Police Raid Offices of RFK Jr.-Backed Researchers Planning Vaccine Trial for 7,000 African Newborns

Police Raid Offices of RFK Jr.-Backed Researchers Planning Vaccine Trial for 7,000 African Newborns

Guinea-Bissau police raided researchers' offices and seized hepatitis B vaccines amid a dispute over a trial involving 7,000 newborns.

International Business Times UK

Draft Petition Would Ask FDA to Require Botulism Testing of Infant Formula After 52 Babies Were Sickened

Draft Petition Would Ask FDA to Require Botulism Testing of Infant Formula After 52 Babies Were Sickened

A draft petition from 23 families would ask the FDA to require botulism testing of infant formula. What it seeks and what parents can do now.

A chemical tank explodes in Ohio, forcing evacuations and prompting fears of another blast

A chemical tank explodes in Ohio, forcing evacuations and prompting fears of another blast

A chemical tank exploded in Toledo, Ohio, forcing hundreds of residents to evacuate or shelter in place due to fears of a toxic release

The Independent UK

One subscription that gives you access to news from hundreds of sites

Already a member? Sign in here

Sacramento jury awards $33.3 million to physics student injured by a falling tree branch in 2020

Sacramento jury awards $33.3 million to physics student injured by a falling tree branch in 2020

In a landmark decision, a jury in Sacramento awarded Michael Flynn $33.3 million after he sustained a brain injury from a dead branch falling during his jog in McKinley Park. The city was found wholly negligent in their tree maintenance and safety checks. Despite the injury, Flynn persevered through rehabilitation…

The Times of India

Lexington ER Sees Flu Symptoms Earlier Than Usual as Kentucky Cases Run Ahead of Last Year's Pace

Lexington ER Sees Flu Symptoms Earlier Than Usual as Kentucky Cases Run Ahead of Last Year's Pace

A Lexington ER is seeing flu symptoms earlier than usual. Why late October is key for flu shots, how long protection lasts, and when to get care.

Our Picks

Cyndi Lauper defends working with Nicki Minaj despite rapper’s support for Trump

Rapper has become one of the president’s most famous supporters

The Independent UK

Doctors Were the Butt of 40% of Facebook Doctor Jokes, but the Most-Liked One Skewered a Lawyer

Researchers combed 30,075 Facebook posts for doctor jokes. Physicians were the usual target, but the most-liked punchline hit a lawyer.

Fridge or not? What’s the best way to store bread?

Our experts have some airtight advice to stop your loaf from going stale

The Guardian - UK

Not enjoying being a parent? You’re not alone. Here’s how to handle this complicated feeling

We’re often told parenting is one of the most rewarding things we’ll ever do. But as many parents will attest, it is also full of very difficult moments. And sometimes these moments seem almost constant.

The Conversation

A warm, sumptuous tale of two Coppolas

As "Marie Antoinette" turns 20, Eleanor and Sofia Coppola's documentary reveals new resonance

Cyndi Lauper on fun, fashion and freedom of expression: ‘We have braces on our brains’

As she auctions off her treasures, the synth-pop savant opens up about her eccentric style and why she doesn’t believe in cancel culture

The Guardian - US

Fourteen days free

Download the app

One app. One membership.
100+ trusted global sources.

Download on the AppStore

Get it on Google Play