- Technology leadership strengthened with more focus on AI-infused solutions, with a few deployed in vehicle production programs
- Strong wins totally $202MN TCV worth engagements closed in Q3FY26
MUMBAI: NSE: KPITTECH BSE: 542651: KPIT Technologies, a global leader in building mobility solutions for a cleaner, smarter, and safer world, announced financial results for Q3 FY26.
Performance overview:
- Q3 FY26 Revenues
- Revenues of 181MN with ₹ YoY Growth of 9.4%, $ YoY Growth of 3.0%
- QoQ ₹ growth of 1.9% and reported $ growth of 0.2%
- Growth led by Off-Highway sub-vertical; Powertrain, After-Sales, and Diagnostics domains
- Q3 FY26 Profitability
- EBITDA margin at 20.6% post absorbing partial wage hikes during the quarter
- EBITDA growth of 6.8% YoY and flattish QoQ
- EBIT at 15.6%
- Revenue Quality
- Fixed-price programs as a proportion of revenue continue to rise, enabling AI-infused solutions penetration
- Revenue per person has consistently improved
- Healthy Cash Generation continues – Net cash at ₹ 9.0 Bn as at quarter end
Leadership Strengthening:
- Mr. Anup Sable appointed as Chief Operating Officer
- Strengthened the Chief Technology Office team structure with homegrown leaders and group companies to strengthen solutioning abilities
Commenting on the performance of Q3 FY26
Kishor Patil, Co-founder, CEO, and MD, KPIT, said,
“Mobility is moving from software-defined to AI-defined, and we are making deliberate investments to stay ahead by reimagining the software lifecycle, improving quality and speed, and bringing AI-infused solutions to our clients. These solutions are now validated and are being implemented on production programs, portrayed by an increase in our fixed price contracts and per-person revenue. Mobilizing Change is our strategic direction for the next phase – shift from effort-led services to outcome-led solutions to increase the value we deliver and the value we capture. As OEMs push for faster time-to-market, reliability, and cost efficiency, KPIT is positioned to fortify its leadership and enable steady high-quality growth in the medium term.”
Sachin Tikekar, Co-founder and Joint MD, KPIT, said,
“We are seeing client partnerships deepen as OEMs look for trusted teams who can take stronger ownership and deliver end-to-end outcomes. We see increased traction in trucks and off-highway sub-verticals as we integrate Caresoft operations. Mobilizing Change is also a talent story, and we are building a solutioning mindset at scale with our home-grown leaders ascending, as well as select external leadership hiring. The market is shifting tectonically – new entrants, regulations, and AI-led disruption are rewriting the rules. Our clear intent is to move beyond ‘SDV’ to what the industry is becoming – ‘AI-defined Mobility’ and ensure our investments, practices, leadership, and delivery depth keep compounding our front-runner advantage.”
Other highlights of Q3 FY26
- KPIT Partners with HMC HIVE to Drive Innovation in Light Electric Vehicles. Mark’s foray into the micromobility segment
- KPIT reimagines the future of Mobility Software with Agentic AI Solutions on Microsoft AI Infrastructure. Microsoft features KPIT as a Frontier Firms in AI from India and Southeast Asia