KPIT Technologies flags weak June-quarter performance; margins under pressure

KPIT Technologies, in its regulatory filing on Tuesday, said it expects its financial performance for the June-ended quarter (Q1FY27) to be impacted due to a sudden decline in revenues over the past few weeks.

The company expects its reported USD revenue for Q1FY27 to decline by around 1% year-on-year compared with Q1FY26, primarily due to sudden actions taken by some European original equipment manufacturers (OEMs) following their recent profit warnings and weaker business outlook.