KPIT Bets on AI for Margin Growth as Q2 Revenue Growth Stays Weak
KPIT Technologies, an automotive software and engineering services company, reported Q2 FY27 revenue of $176.8 million with slowing growth but improving profitability. The company is accelerating AI deployment across engineering, delivery and internal operations to enhance productivity. KPIT secured $213 million in new contract value from engagements covering electric powertrains, connected vehicles and autonomous systems for manufacturers in the US, Europe and Asia. However, revenue from its two largest accounts declined approximately 13% YoY.
Key points
- Q2 revenue growth slowed to 0.2% YoY
- EBITDA margin expanded 60 basis points to 17.8%
- AI adoption across operations to support future growth
- $213 million in new contract value from automotive clients
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