KPIT Technologies Posts 22nd Consecutive Growth Quarter in Q3 FY26; Sharpens Focus on AI-Infused Mobility Solutions

Mumbai, India | 29 January 2026 | NSE: KPITTECH | BSE: 542651

KPIT Technologies, a global leader in software-driven mobility solutions, reported its 22nd consecutive quarter of growth with steady financial performance in Q3 FY26, alongside a deeper strategic push into AI-infused mobility solutions that are now being deployed in vehicle production programs.

The company closed new deal wins worth USD 202 million in total contract value (TCV) during the quarter, reflecting sustained demand from global OEMs for advanced software and AI-led engineering solutions.

Financial Performance – Q3 FY26

Revenue

• Revenues stood at USD 181 million
• 9.4% year-on-year growth in INR terms and 3.0% growth in USD terms
• Quarter-on-quarter growth of 1.9% in INR and 0.2% in USD
• Growth was driven primarily by the Off-Highway sub-vertical, along with strong traction in Powertrain, After-Sales, and Diagnostics domains

Profitability

• EBITDA margin at 20.6%, despite partial wage hikes during the quarter
• EBITDA grew 6.8% YoY, remained largely flat QoQ
• EBIT margin stood at 15.6%

Revenue Quality & Cash Position

• Rising share of fixed-price contracts, enabling deeper penetration of AI-infused solutions
• Revenue per employee continued its upward trend
• Strong cash generation with net cash of ₹9.0 billion at the end of the quarter

Leadership Strengthening

As part of its long-term growth strategy, KPIT announced the appointment of Mr. Anup Sable as Chief Operating Officer. The company also strengthened its Chief Technology Office (CTO) structure, combining home-grown leadership talent with group company expertise to enhance solutioning and innovation capabilities.

Management Commentary

Commenting on the performance, Kishor Patil, Co-founder, CEO and Managing Director, KPIT Technologies, said:

“Mobility is transitioning from software-defined to AI-defined. We are making deliberate investments to reimagine the software lifecycle, improve quality and speed, and deliver AI-infused solutions to our clients. These solutions are now validated and being implemented in production programs, reflected in the growth of fixed-price contracts and improved revenue per person. Mobilizing Change is our strategic direction as we shift from effort-led services to outcome-led solutions, positioning KPIT for steady, high-quality growth in the medium term.”

Sachin Tikekar, Co-founder and Joint Managing Director, added:

“OEMs are increasingly seeking trusted partners who can take end-to-end ownership and deliver outcomes. We are seeing strong traction in trucks and off-highway segments, supported by the integration of Caresoft operations. The mobility industry is undergoing tectonic shifts driven by new entrants, regulations, and AI-led disruption. Our focus is to move beyond SDV towards AI-defined Mobility and ensure our investments and leadership depth continue to strengthen our front-runner position.”

Other Key Highlights

• KPIT partnered with HMC HIVE to drive innovation in light electric vehicles, marking its entry into the micromobility segment
• Microsoft featured KPIT as a “Frontier Firm in AI” from India and South East Asia, following KPIT’s work on Agentic AI solutions built on Microsoft AI infrastructure