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IT stock slumps 15% after weak Q1FY27 business update
short by / on Wednesday, 1 July, 2026
KPIT Technologies expects reported dollar revenue to decline around 1% YoY in Q1FY27 after weaker demand from European automobile OEMs. The company also expects EBITDA and net profit margins to decline sequentially. Despite near-term challenges, management remains positive on long-term growth driven by outsourcing, automation and engineering demand.