India's KPIT Tech slips; Goldman Sachs projects weaker growth, cuts earnings forecasts

KPIT Technologies

08/07/2026 06:13

** Shares of KPIT Technologies KPIE.NS drop 1.4% to 554.55 rupees
** Goldman Sachs cuts FY26-FY28 EPS estimates by 15%, 12% and 12%, citing weaker near-term demand, slower recovery in global EV R&D spending and reduced spending guidance from key customers
** Brokerage maintains "neutral" rating, but cuts PT to 637 rupees from 740 rupees
** Expects first-quarter revenue to decline 5.2% sequentially, with management commentary indicating weaker client activity could weigh on first-half FY27 performance
** Brokerage now forecasts largely flat FY27 revenue growth, versus an earlier estimate of about 7.5% growth
** For first quarter, brokerage estimates revenue of 16.2 billion rupees, EBITDA of 3 billion rupees and adjusted net profit of 1.29 billion rupees
** Avg rating of 19 analysts at "hold"; median PT is 735 rupees, according to LSEG-compiled data
** YTD, stock slumps ~53%


 (Reporting by Kashish Tandon in Bengaluru)
 ((Kashish.tandon@thomsonreuters.com))