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KPIT Technologies Q2FY27 results: Net profit declines 29% to ₹121 crore

KPIT Technologies reported a nearly 29 per cent decline in consolidated net profit to Rs 121 crore in the second quarter ended September, mainly on account of pressure on the automobile market from Chinese vehicle makers slowing down deals. The company had posted net profit of Rs 169 crore in the same period a year ago. KPIT expects losses to come down from the third quarter onwards. "Two of our largest clients are where you have seen a large decline. One is in Europe, one is in Japan. We do be…

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Business StandardCenter·2h ago
KPIT Technologies Q2FY27 results: Net profit declines 29% to ₹121 crore
KPIT Technologies reported a nearly 29 per cent decline in consolidated net profit to Rs 121 crore in the second quarter ended September, mainly on account of pressure on the automobile market from Chinese vehicle makers slowing down deals. The company had posted net profit of Rs 169 crore in the same period a year ago. KPIT expects losses to come down from the third quarter onwards. "Two of our largest clients are where you have seen a large decline. One is in Europe, one is in Japan. We do be…
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KPIT Technologies Q2FY27 results: Net profit declines 29% to ₹121 crore

How 1 sources are covering this

KPIT Technologies Q2FY27 results: Net profit declines 29% to ₹121 crore

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