KPIT Tech lowers revenue, margin outlook for Q1FY27

KPIT Technologies has revised its outlook for Q1FY27 and for the remainder of the year. KPIT said it expects Q1FY27 financial performance to be lower than previously expected due to a sudden drop in revenue in the last few weeks.

“There is an expected decline of 1% in dollar revenues for Q1FY27 compared with Q1FY26 (year-on-year), primarily due to sudden actions by some European OEMs triggered by their recent profit warnings and adverse business outlook,” KPIT said.