India's KPIT Technologies falls on Q1 profit plunge, analysts flag near-term challenges
BUZZ-India's KPIT Technologies falls on Q1 profit plunge, analysts flag near-term challenges ** KPIT Technologies' shares KPIE.NS down 7% at 595 rupees
** Posts 32% decline in Q1 net profit, revenue up 8.8%
** See modest revenue declines in near-term, with growth recovery depending on 2027 R&D budgets - Kotak ("Sell", TP: 540 rupees)
** Revenue impacted by China-led competitive pressure on original equipment manufacturers (OEM), two software-defined vehicle program cancellations-Dolat Capital ("Accumulate", TP: 700 rupees)
** Industry headwinds continue, particularly in European/Japanese OEMs with project ramp-downs weighing on Q2 growth before stabilising in Q3, meaningful growth returning in Q4-Ambit Capital ("Sell", TP: 480 rupees)
** Seven out of 19 analysts rate stock "Buy" or higher, median PT at 700 rupees - LSEG-compiled data
** YTD, stock down 49.42%
($1 = 95.6500 Indian rupees)
(Reporting by Saikeerthi in Bengaluru)
((Saikeerthi@thomsonreuters.com; (+91) 8296756080))
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