KPIT Technologies Limited has announced the passing of its Founder and Chairman of the Board, Mr. S. B. (Ravi) Pandit, on the morning of May 8, 2026, in Pune. The company conveyed its deep sorrow over the loss in a formal communication submitted to the stock exchanges under Regulation 30.

Regulatory Disclosure

The announcement was made through an official filing addressed to both BSE Limited and the National Stock Exchange of India Ltd. The disclosure was signed by Priyamvada Hardikar, Chief Financial Officer of KPIT Technologies Limited, on behalf of the company.

The key details of the filing are summarised below:

About the Announcement

In its communication to the exchanges, KPIT Technologies stated: "We are deeply saddened by the passing of our Founder and Chairman of the Board, Mr. S. B. (Ravi) Pandit on the morning of May 8, 2026 in Pune." The filing did not contain any additional operational or financial disclosures beyond this announcement.

KPIT Technologies has announced its audited financial results for the quarter and year ended March 31, 2026. The Board of Directors, meeting on May 6, 2026, approved the standalone and consolidated financial statements. Additionally, the company recommended a final dividend and approved a strategic acquisition to bolster its automotive cybersecurity capabilities.

Q4 Quarterly Performance

For the fourth quarter, KPIT Technologies reported consolidated revenue of ₹17.1 billion, reflecting a growth of 12.0% year-on-year and 5.8% quarter-on-quarter compared to ₹16.17 billion in the previous quarter. The company also reported a constant currency (CC) growth of 1.8% on a quarter-on-quarter basis. Consolidated net profit for Q4 came in at ₹1.63 billion, up from ₹1.3 billion in the preceding quarter. The following table presents the key Q4 metrics on a quarter-on-quarter basis:

While revenue and absolute profit figures improved sequentially, the EBIT margin contracted to 14.04% from 14.48% in the prior quarter, indicating a modest compression in operating profitability. The company reported a Q4 EBITDA margin of 20.6% and a forex loss of ₹312 million during the quarter.

Full-Year Financial Performance

For the fiscal year 2025-26, the company reported a consolidated revenue from operations of ₹64,549.31 million, compared to ₹58,423.45 million in the previous year. Profit for the year stood at ₹6,373.70 million. On a standalone basis, revenue from operations was ₹26,078.62 million, with a profit of ₹5,457.25 million for the year ended March 31, 2026. The Statutory Auditors issued an audit report with an unmodified opinion on the financial statements.

The company's FY26 EBITDA margin stood at 20.8%, with EBITDA growing 9.4% over FY25. The following table summarizes the key full-year financial metrics:

Operational Highlights and Wins

KPIT closed new engagements worth $349 million during the quarter, including two large deals. Growth was led by the Off-Highway and Connected segments. The company reported 23 consecutive quarters of steady revenue and EBITDA growth. Days Sales Outstanding (DSO) stood at 47 days for Q4FY26.

FY27 Outlook and Growth Strategy

KPIT Technologies anticipates better revenue growth in FY27 compared to FY26, citing improved market opportunities. The company expects strong growth from commercial sectors in the USA, India, and China, with a focus on Connected Vehicles, Autonomous Driving, and After-Sales. Growth is expected to accelerate in the second half of the year, driven by Products and Solutions. For FY27, the company has guided an EBITDA margin in the range of 20.5% to 21.2%, reflecting increased investments in AI, Products & Solutions, competency development, and new market development.

Dividend Declaration

The Board has recommended a final dividend of ₹5.25 per share (52.5%) for the fiscal year 2025-26. This distribution is subject to approval by shareholders at the ensuing Annual General Meeting. If approved, the dividend will be paid within the statutory timelines as per the Companies Act, 2013.

Strategic Acquisition of Cymotive Technologies

In a significant move to expand its portfolio, KPIT Technologies approved the acquisition of a strategic stake in Cymotive Technologies LTD, an automotive cybersecurity specialist headquartered in Israel. The total consideration for the acquisition is estimated at USD 60 million to USD 120 million, with an initial upfront investment of USD 10 million in Preference Capital. The transaction is expected to close by mid-June 2026.

Cymotive specializes in end-to-end vehicle lifecycle cybersecurity, offering services such as threat modeling, intrusion detection, and regulatory compliance. The acquisition aligns with KPIT's strategy to enhance its solutions and products strategy, specifically in the automotive cybersecurity domain.

Acquisition Timeline and Structure

The transaction is structured in tranches. The initial investment of USD 10 million will convert to 26% of the equity capital upon the achievement of performance milestones. Subsequently, KPIT plans to acquire the remaining stake to reach 100% ownership by mid-2029. The deal requires merger control filings in Germany and Austria.