Kolkata, New Delhi, INDIA. New York, USA.
Business To Business, New Delhi, 01st July, 2026: KPIT Technologies on Tuesday said its financial performance for the first quarter of FY27 is expected to be weaker than previously anticipated due to a sudden decline in revenues in recent weeks.
In a regulatory filing, the company said it now expects its US dollar-reported revenue for Q1 FY27 to decline by around one per cent compared with the corresponding quarter of the previous financial year.
The company attributed the anticipated decline primarily to "sudden actions by some European OEMs triggered by their recent profit warnings and adverse business outlook."
KPIT said the impact was not anticipated earlier and became evident only in the past few weeks, prompting the revision in its revenue outlook for the quarter.