• Technology leadership strengthened with more focus on AI Infused Solutions with few deployed in vehicle production programs
  • Strong wins totally $202MN TCV worth engagements closed in Q3FY26

Mumbai, India : NSE: KPITTECH BSE: 542651: KPIT Technologies, a global leader in building mobility solutions for a cleaner, smarter, and safer world, announced financial results for Q3 FY26. 

Performance overview:

Q3 FY26 Revenues

  • Revenues of 181MN with ₹ YoY Growth of 9.4%, $ YoY Growth of 3.0%
  • QoQ ₹ growth of 1.9% and reported $ growth of 0.2%
  • Growth led by Off-Highway sub-vertical;  Powertrain, After-Sales and  Diagnostics domains

Q3 FY26 Profitability

  • EBITDA margin at 20.6% post absorbing partial wage hikes during the quarter
  • EBITDA growth of 6.8% YoY and flattish QoQ
  • EBIT at 15.6%

Revenue Quality

  • Fixed-price programs as a proportion of revenue continue to rise, enabling AI Infused solutions penetration
  • Revenue per person has consistently improved

Healthy Cash Generation continues – Net cash at ₹ 9.0 Bn as at quarter end

Leadership Strengthening:

  • Mr. Anup Sable appointed as Chief Operating Officer
  • Strengthened Chief Technology Office team structure with homegrown leaders and group companies to strengthen solutioning abilities

Commenting on the performance of Q3 FY26

Kishor Patil, Co-founder, CEO and MD, KPIT said,  “Mobility is moving from software-defined to AI-defined, and we are making deliberate investments to stay ahead by reimagining the software lifecycle, improving quality and speed, and bringing AI-infused solutions to our clients. These solutions are now validated and are being implemented on production programs, portrayed by increase in our fixed price contracts and per person revenue. Mobilizing Change is our strategic direction for the next phase – shift from effort-led services to outcome-led solutions to increase the value we deliver and the value we capture. As OEMs push for faster time-to-market, reliability, and cost efficiency, KPIT is positioned to fortify its leadership and enable steady high-quality growth in medium term.”

Sachin Tikekar, Co-founder and Joint MD, KPIT said,  “We are seeing client partnerships deepen as OEMs look for trusted teams who can take stronger ownership and deliver end-to-end outcomes. We see increased traction in trucks and off-highway sub-verticals as we integrate Caresoft operations. Mobilizing Change is also a talent story and we are building a solutioning mindset at scale with our home-grown leaders ascending as well as select external leadership hiring. The market is shifting tectonically – new entrants, regulations, and AI led disruption are rewriting the rules. Our clear intent is to move beyond ‘SDV’ to what the industry is becoming – ‘AI-defined Mobility’ and ensure our investments, practices, leadership and delivery depth keep compounding our front-runner advantage.”

Other highlights of Q3 FY26

  • KPIT Partners with HMC HIVE to Drive Innovation in Light Electric Vehicles. Marks foray into micromobility segment
  • KPIT reimagines the future of Mobility Software with Agentic AI Solutions on Microsoft AI Infrastructure. Microsoft features KPIT as Frontier Firms in AI from India and South East Asia