KPIT Q4 net profit drops 33% on higher expenses

KPIT Technologies’ net profit dropped by a third to ?1,62.97 crore in the March-ending quarter of FY26, due to higher finance cost, material cost, depreciation and amortisation expense as well as forex loss. Management also attributed the dip in performance to impact on the automotive sector owing to macroeconomic developments. The company reported a hit to profit despite a 12 per cent annual growth in revenue of ?1,723.1 crore and and strong deal wins led by connected vehicle, after sales, virtual engineering and propulsion domains. EBITDA margins stood at 20.6 per cent. Sequentially, the company reported a 22 per cent…