Mon Oct 28 06:39:23 UTC 2024: ## KPIT Technologies Sees Positive FY26 Outlook Despite Q2 Slowdown
**Mumbai, India** – KPIT Technologies Ltd., a provider of engineering and R&D solutions for automotive original equipment manufacturers (OEMs), has projected a positive outlook for the fiscal year 2026, despite a muted performance in the second quarter of the current financial year.
Speaking to NDTV Profit, Sachin Tikekar, President and Joint Managing Director of KPIT Technologies, attributed the slowdown in the industry to socio-political pressures, macroeconomic factors, and competition from Chinese OEMs. He explained that OEMs are currently navigating a period of uncertainty as they adjust to these changes and determine their future strategies.
Despite the current slowdown, Tikekar remains optimistic about the future. He revealed that the company is in the process of finalizing several long-term deals and has a strong order pipeline. He emphasized that the conversations with clients are positive and that it is only a matter of time before things pick up for KPIT.
“We believe that OEMs are looking to consolidate their operations and are seeking partners to take on larger chunks of business,” Tikekar said.
While the current quarter is expected to be a mixed bag for OEMs, Tikekar expects a significant turnaround in the coming months. “We remain fairly optimistic about FY26,” he added.
KPIT Technologies’ Q2 net profit remained nearly flat at Rs 203.7 crore, while revenue rose 7.8% quarter-on-quarter to Rs 1,471.4 crore.
Following the announcement, shares of KPIT Technologies Ltd. dipped nearly 15% on the National Stock Exchange (NSE), trading at Rs 1,422.25 per share as of 12:45 pm.
First Piper 