Mobility solutions provider KPIT Technologies on Wednesday reported a 31.83 per cent decline in consolidated net profit to Rs 117.17 crore in the <a href="https://www.mid-day.com/business/business-news/article/adani-enterprises-q1fy27-ebitda-up-49-per-cent-at-rs-5642-crore--23642226" rel="nofollow">June quarter</a>.
As per PTI, the IT company had posted a net profit (attributable to owners) of Rs 171.89 crore in the year-ago period, according to a regulatory filing.
<h2>KPIT reports forex loss of 16.27 crore in Q1</h2>
Revenue from operations grew 8.85 per cent to Rs 1,674.99 crore in Q1 FY27, compared to Rs 1,538.76 crore in Q1 FY26. Sequentially, profit and revenue fell 28 per cent and 2 per cent, respectively.
During the quarter under review, the company reported a forex loss of Rs 16.27 crore.
KPIT Tech co-founder, CEO, and MD Kishor Patil said, "While a few of our largest clients continue to face pressures, the strategy we have pursued to diversify our growth across clients, geographies, mobility segments, and offerings is beginning to demonstrate its resilience. AI-led products and solutions have become a common thread across our portfolio, and we are seeing encouraging traction across AI-defined mobility, vehicle engineering, digital cockpit, autonomous technologies, and aftersales," as cited by PTI.&nbsp;
Expressing his belief that the company will overcome the losses, Patil further added, &ldquo;KPIT's <a href="https://www.mid-day.com/business/business-news/article/adani-ports-and-special-economic-zones-q1fy27-consolidated-net-profit-rises-1023-per-cent-to-rs-364950-crore--23642199" rel="nofollow">focused investments</a>, differentiated capabilities, and trusted client relationships position it well to return to stronger growth in the second half of FY27 and beyond.&rdquo;
"We have successfully navigated similar industry cycles before and remain confident in our strategy, execution, and long-term direction," Patil said.
The company's TCV (total contract value) for new orders during the first quarter stood at USD 257 million.
Moreover, the company's headcount at the end of Q1 FY27 stood at 12,303, as against 12,520 in Q4 FY26 and 12,545 in Q1 FY26. &nbsp;
(With inputs from PTI)

KPIT Technologies reported a 32 per cent drop in Q1 FY27 net profit to Rs 117.17 crore, while revenue rose nearly 9 per ceny 

KPIT Technologies FY26 Q1 profit falls 32 per cent to Rs 117 crore despite revenue growth

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KPIT Technologies reported a 31.83% decline in consolidated net profit to Rs 117.17 crore for Q1 FY27, while revenue from operations rose 8.85% to Rs 1,674.99 crore. The company cited a forex loss but remains optimistic about AI-led growth and stronger performance in the second half

KPIT Technologies Q1 profit falls 32 per cent to Rs 117 crore despite revenue growth

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