KPIT Technologies (KPITTECH) Q4 25/26 earnings summary

Executive summary

• Q4FY26 revenue grew 12% YoY and 5.8% sequentially, with FY26 revenue up 10.5% over FY25, reaching $724.8M.

• EBITDA margin for FY26 was 20.8%, with Q4 at 20.6%, and net cash at ₹9.6B after dividend payout.

• Closed $349M in new deals in Q4, with a strong pipeline and 21% in products and solutions.

• Strategic focus on expanding wallet share, new geographies, and adjacencies, with significant investments in AI, technology partnerships, and cybersecurity.

• Major SDV programs ending, but growth expected from new accounts, especially in trucks, off-highway, and India.

Financial highlights

• FY26 consolidated revenue from operations was ₹64,549.31M, up from ₹58,423.45M YoY.

• Q4FY26 revenue from operations: ₹17,110M, up from ₹15,283M in Q4FY25.

• Q4FY26 EBITDA: ₹3,533M, up from ₹3,230M in Q4FY25.

• Q4FY26 PAT: ₹1,630M, compared to ₹2,447M in Q4FY25 (Q4FY25 included a one-time gain).

• DSO at 47 days; cash balance of INR 9.6B post-dividend.

Outlook and guidance

• FY27 expected to show stronger revenue growth, driven by commercial vehicles, connected/autonomous solutions, and new markets (USA, India, China).

• EBITDA margin guidance for FY27 is 20.5%-21.2%, with a midterm target of 22%-24%.

• Solutions and products to reach 50% of revenue in three years, up from 15%.

• India revenue share to increase from current 4%, aiming for dominance as market grows.

• Acquisition of Cymotive expected to enhance product and licensing revenue streams and strengthen cybersecurity offerings.