Branch2 Intelligence
KPIT Technologies flags weak June-quarter performance; margins under pressure
Key takeaway
KPIT Technologies flags weak Q1FY27 revenue due to European OEM adjustments.
- Step 11st-order: KPIT warns of Q1FY27 revenue drop due to European OEM adjustments.
- Step 22nd-order: European OEMs reduce automotive software spending, affecting Indian IT vendors.
- Step 33rd-order: Reduced software investment delays EV/autonomous vehicle development, impacting UK automotive supply chain.
- Step 44th-order: UK SMEs supplying components or software to European OEMs face order delays or cancellations.
Source: IN:Mint
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