KPIT Technologies’ shares decline sharply after the company issues a guidance warning for the first quarter of FY27. Multiple outlets report that the stock hits the lower circuit (a 10% fall reported by Economic Times and NDTV) and trades at fresh lows, with one report noting a decline of around 17% and the worst fall since the 2020 COVID crash. The company says it expects Q1 FY27 revenues to decline year-on-year by roughly 1%, citing abrupt spending cuts or a sudden slowdown in orders from certain European automotive OEMs. The guidance also points to weaker margin performance in the near term. While the first half of FY27 is described as challenging, management reiterates that performance should improve in the second half, including stronger sequential momentum by the fourth quarter. One outlet also notes KPIT remains optimistic about longer-term growth supported by outsourcing and automation, even as the company navigates the current demand slowdown.
KPIT Technologies shares fall after revenue and margin warning for Q1 FY27
KPIT Technologies’ shares decline sharply after the company issues a guidance warning for the first quarter of FY27. Multiple outlets report that the stock hits the lower circuit (a 10% fall reported...
- KPIT Technologies warns that Q1 FY27 revenues will fall about 1% year-on-year.
- The company attributes the revenue decline to unexpected spending cuts and order slowdown from some European automotive OEMs.
- KPIT shares drop sharply, hitting the 10% lower circuit in reporting by Economic Times and NDTV.
- Management expects the first half of FY27 to be challenging but anticipates improvement in the second half, with stronger momentum toward the fourth quarter.
- At least one outlet reports weaker-than-expected margin performance alongside the revenue warning.
KPIT Technologies shares dropped to a fresh 52-week low on Wednesday after the company warned of weaker-than-expected Q1 FY27 revenue and margin performance due to a sudden slowdown in orders from European automakers. Technical analysts caution that the stock remains under pressure, with key support seen around the Rs 550 level.
1 hour agoKPIT Technologies said it expects Q1FY27 USD revenues to decline approximately 1% year-on-year on abrupt spending cuts by certain European automotive OEMs
3 hours agoManagement expects the first half of FY27 to remain challenging but reiterated that growth should improve in the second half, with stronger sequential momentum expected by the fourth quarter.
3 hours agoKPIT Technologies shares plunged 10% after the company warned of a revenue drop in Q1 FY27, citing unexpected actions from European automakers. While short-term performance is expected to be weak, KPIT remains optimistic about long-term growth driven by outsourcing and automation. The company anticipates a strong rebound in the second half of FY27, building a solid foundation for future expansion.
4 hours ago
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