KPIT Technologies Limited — Q2FY27 earnings call summary

Filed 03 November 2026 · Official transcript

Q2 FY27 revenue grew 6.5% y-y and 1% q-q in INR; constant currency growth was 0.2% y-y and 0.5% q-q
Products revenue grew 25% y-y and 5% q-q; fixed price projects increased to 70%
AI platform usage expanded with 9,000 users and 12,000 engineering agents; 9% of revenue from AI-first projects
Management expects H2 FY27 growth to be better than H1; recovery from client declines expected by Q4
Broad-based growth expected in passenger cars, trucks, off-highway, and new geographies including India and Southeast Asia
European passenger car OEMs cutting costs but opportunity exists via AI-led transformation and vendor consolidation
Capex and R&D investments continue; product and AI-led strategy to drive medium-term growth
EBITDA margin improved by 60 bps to 17.8%, aided by higher product contribution