India's KPIT Technologies slips after quarterly profit drop

KPIT Technologies

06/05/2026 08:50

** Shares of KPIT Technologies KPIE.NS fall as much as 6.5% to 722.50 rupees; last down 2.65%

** Co's quarterly profit drops 33.4% y/y, hurt by higher expenses, including employee and other costs

** Total expenses up 17.3% y/y; revenue rose around 12% y/y

** Trading volume at 3.1 mln shares vs 30-day avg of 1.8 mln

** KPIE rated "hold" on average by 19 analysts, median PT at 1,176 rupees - data compiled by LSEG

** YTD, stock down about 35%

($1 = 95.0675 Indian rupees)

(Reporting by Bipasha Dey in Bengaluru)

((Bipasha.Dey@thomsonreuters.com;))