KPIT Technologies (KPIT) reported revenue of USD181m in 2QFY26, up 0.3% QoQ in CC terms vs. our estimate of flat growth. Growth was led by the commercial vehicles segment, up 19.3% QoQ, while the passenger car segment declined 1.3% QoQ. EBIT margin was 16.4% (down 60bp QoQ), below our estimate of 17.0%. PAT was down 1.6%/17.0% QoQ /YoY to INR1,691m (below our est. of INR2,051m).
OutlookWith an expected EPS CAGR of 14% over FY25–28, outpacing most peers in the ER&D space and continued leadership in the automotive software vertical, we reiterate our BUY rating with a TP of INR 1,500 (26% upside), valuing the stock at 38x Jun’27E EPS.
For all recommendations report, click hereDisclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.
KPIT_11112025_Motilal OswalDiscover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
Find the best of Al News in one place, specially curated for you every weekend.
Stay on top of the latest tech trends and biggest startup news.
