KPIT Technologies Limited (NSE: KPITTECH, BSE: 542651) has announced a strategic partnership with JSW Motors to accelerate India's new energy mobility revolution, while also reporting its financial results for the first quarter.

Strategic Partnership with JSW Motors

KPIT Technologies and JSW Motors have formed a strategic collaboration aimed at redefining the future of mobility in India. This partnership will leverage KPIT's expertise in software and systems development, honed over two decades across more than 2000 global vehicle production programs, including multiple Software Defined Vehicle (SDV) programs.

Key highlights of the partnership include:

• JSW Motors, the automotive vertical of the JSW Group, is investing $3 billion over five years to develop electric, hybrid, and plug-in hybrid vehicles in India.
• The first New Energy Vehicle (NEV) from JSW Motors is set to debut in the second half of FY2026.
• KPIT will provide advanced competencies in electric propulsion systems, battery innovation, and SDV architectures.
• KPIT will set up a dedicated center of excellence for JSW Motors.

Kishor Patil, CEO & MD of KPIT Technologies, stated, "This partnership reflects our strategic focus on the Indian market and our commitment to delivering cutting-edge technology that enhances customer experiences and accelerates clean mobility."

Q1 Financial Performance

KPIT Technologies reported the following consolidated financial results for the quarter ended June 30:

Key financial highlights:

• Revenue growth was primarily driven by the Powertrain and Connected segments.
• EBITDA margin remained stable at 21.0%, supported by operational efficiency and INR depreciation.
• The company closed new engagements worth $241 million during the quarter.
• Net cash position improved to ₹16,220 million at the end of the quarter.

Segment Performance

• Americas: Revenue of ₹4,569.92 crore, up 15.8% YoY
• UK & Europe: Revenue of ₹7,268.01 crore, down 0.3% YoY
• Rest of the World: Revenue of ₹7,986.83 crore, up 20.8% YoY

Management Commentary

Sachin Tikekar, Co-founder and Joint MD, commented on the company's AI initiatives: "KPIT is consistently progressing on creating innovative mobility-specific AI 'Specialized Learning Models'. Our mobility-infused AI Solutions are creating value for our strategic clients and clear differentiators for KPIT."

Outlook

Despite macro challenges, KPIT Technologies remains optimistic about growth in the second half of the fiscal year, led by its top 25 clients. The company expects growth momentum to pick up as it exits the year, supported by a robust deal pipeline and steady deal closures.

KPIT Technologies continues to focus on expanding its presence in key global mobility hubs, as evidenced by the recent inauguration of new technology centers in Gothenburg, Sweden, and Tunisia.

As KPIT Technologies strengthens its position in the automotive software market through strategic partnerships and continued innovation, the company appears well-positioned to capitalize on the growing demand for software-defined vehicles and clean mobility solutions.

KPIT Technologies Limited , a global leader in automotive software solutions, is poised for robust growth in the latter half of the fiscal year, according to the company's Co-Managing Director. The optimism stems from anticipated contributions from the company's top 25 (T25) clients, signaling a positive outlook for the software-defined vehicle (SDV) market.

Growth Momentum Expected to Continue

The Co-Managing Director expressed confidence in KPIT's growth prospects for the second half of the year, emphasizing the pivotal role of T25 clients in driving this expansion. This projection aligns with the company's recent performance, as evidenced in their Q1 results.

Q1 Performance Highlights

KPIT Technologies reported steady progress in the first quarter:

Strategic Partnerships and Innovations

The company continues to strengthen its position in the automotive software domain through strategic collaborations and innovations:

1. JSW Motors Partnership: KPIT has forged a strategic collaboration with JSW Motors to accelerate India's new energy mobility revolution. This partnership aims to build a robust software and digital backbone for JSW's new energy vehicles portfolio.

2. AI-Driven Solutions: KPIT is making significant strides in creating innovative mobility-specific AI 'Specialized Learning Models'. These AI-infused solutions are creating value for strategic clients and serving as clear differentiators for KPIT in the market.

3. Global Expansion: The company has inaugurated new software engineering centers in Tunisia and Gothenburg, Sweden, further expanding its global footprint and access to local talent pools.

Focus on Software-Defined Vehicles

KPIT's growth strategy aligns closely with the industry's shift towards software-defined vehicles. The company's expertise in areas such as full validation suite, reference architecture, benchmarking, and cost reduction solutions positions it well to capitalize on this trend.

Outlook

As KPIT Technologies approaches the year-end, the management expects to maintain growth momentum. The company's robust deal pipeline and steady deal closures in Q1 set a strong foundation for a healthier second half of the fiscal year.

The Co-Managing Director's confidence in H2 growth, driven by T25 clients, underscores KPIT's strong market position and its ability to leverage key client relationships. As the automotive industry continues its digital transformation, KPIT's focus on software-defined vehicles and AI-driven solutions appears well-aligned with market demands, potentially setting the stage for sustained growth in the coming quarters.