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BSE IT Technology Sector Regulatory Filings — July 29, 2026

India BSE IT

By Gunpowder Editorial ·

4 high priority 10 medium priority 14 total filings analysed

Executive Summary

The BSE IT sector's Q1 FY27 results reveal a stark divergence between top-line resilience and bottom-line pressure. While KPIT Technologies and Zensar Technologies both reported solid YoY revenue growth of ~8.9%, profitability took a significant hit, with KPIT's PAT declining 32.3% YoY and Zensar's PAT margin contracting 220 bps QoQ.

The primary culprits are rising employee and subcontracting costs, transition expenses on large deals, and forex losses, indicating a sector-wide margin squeeze. Insider activity is notably absent from the filings, but capital allocation remains shareholder-friendly, with KPIT declaring a final dividend of ₹5.25 per share. The sector is navigating a period of heavy investment in new capabilities (AI, cloud) and deal transitions, which is pressuring near-term margins but could set the stage for future growth. The upcoming AGMs and investor conferences for KPIT, Coforge, and HCL Technologies are key catalysts to watch for management commentary on the demand and margin outlook.

Materiality, sentiment, and priority are scored by Gunpowder’s analysis pipeline. How we score filings →

Filing types in this digest: Corporate action · Corporate governance · M&A

Tracking the trend? Catch up on the prior BSE IT Technology Sector Regulatory Filings digest from July 28, 2026.

Investment Signals (10)

  • Revenue grew 8.9% YoY to ₹16,750M, but PAT declined 32.3% YoY to ₹1,164M, impacted by a ₹140M share of loss from Qorix and a ₹163M forex loss. The core business is growing, but JV losses and currency volatility are significant drags.

  • Consolidated revenue grew 8.9% YoY to ₹15,083M, but PAT was nearly flat (+1.0% YoY) and declined 12.7% QoQ. EBITDA margin dropped 150 bps QoQ to 14.6% due to transition costs on a large deal, signaling near-term pain for long-term gain.

  • Banking & Financial Services vertical grew strongly at +8.3% QoQ in constant currency, while Telecom, Media & Technology plunged 9.1% QoQ and 28.0% YoY. This indicates a sharp divergence in demand across verticals, with BFSI being a key growth driver. [BULLISH for BFSI exposure]

  • Cloud Infrastructure and Security segment grew 16.8% YoY, significantly outpacing the Digital and Application Services segment's 6.8% YoY growth. This highlights a strategic shift in client spending towards cloud and security solutions.

  • The company reported healthy total contract value (TCV) of $257M in Q1, indicating strong deal wins despite flattish YoY revenue growth. This suggests a robust pipeline that could translate into future revenue growth.

  • The Board approved a final dividend of ₹5.25 per share for FY 2025-26, with a record date of August 12, 2026. This signals continued commitment to shareholder returns despite a sharp PAT decline. [BULLISH for income investors]

  • Standalone revenue grew 22.7% YoY, significantly outpacing consolidated growth of 8.9% YoY. This divergence suggests that the India business is performing exceptionally well, while international operations may be facing headwinds.

  • Q1 FY27 revenue in constant currency was flattish YoY (+0.1%) and declined 3.6% QoQ, indicating a slowdown in organic growth. This is a key concern given the company's historical growth trajectory.

  • Subcontracting costs surged 32.0% YoY to ₹2,448M, outpacing revenue growth and indicating a shift in delivery mix or higher reliance on external talent. This is a structural cost pressure that could persist.

  • The share of loss from Qorix increased to ₹140M due to revenue postponement. This JV continues to be a drag on profitability, and any further delays in its ramp-up could weigh on earnings.

Risk Flags (8)

  • PAT declined 32.3% YoY and 28.6% QoQ, driven by a combination of revenue slowdown, forex losses, and JV losses. This is a significant deterioration in earnings quality.

  • EBITDA margin dropped 150 bps QoQ to 14.6% and PAT margin fell 220 bps QoQ to 12.2%, primarily due to transition costs on a large deal. If these costs persist, margins could remain under pressure.

  • The company reported a forex loss of ₹163M in Q1 FY27, down from ₹312M in Q4 FY26 but still a material headwind. Continued volatility in currency markets could impact earnings.

  • The Telecom, Media & Technology vertical saw a 28.0% YoY decline in constant currency revenue. Over-reliance on a few verticals for growth (BFSI) makes the company vulnerable to sector-specific downturns.

  • The share of loss from Qorix increased to ₹140M, with revenue postponement cited as the reason. The JV is not yet profitable and could continue to be a drag on consolidated earnings.

  • Subcontracting costs surged 32.0% YoY, significantly outpacing revenue growth. This could indicate a structural shift towards a higher-cost delivery model, impacting long-term margins.

  • Constant currency revenue growth was just 0.1% YoY, with a 3.6% QoQ decline. This suggests a potential slowdown in client spending or execution challenges, which could be a leading indicator of further weakness.

  • PAT declined 12.7% sequentially, indicating that the margin pressure is not just a YoY phenomenon but an accelerating trend. This could lead to earnings downgrades.

Opportunities (8)

  • With a TCV of $257M in Q1, the company has a strong order book that could drive revenue acceleration in subsequent quarters. If the company can manage costs, this could lead to a significant earnings rebound.

  • The Banking & Financial Services vertical grew 8.3% QoQ in constant currency, making it a key growth driver. Investors looking for exposure to the BFSI tech spending theme could find Zensar attractive.

  • The 16.8% YoY growth in Cloud Infrastructure and Security highlights a high-growth area. As enterprises accelerate cloud adoption, this segment could become a larger part of the revenue mix, boosting overall growth.

  • With a final dividend of ₹5.25 per share announced, income-focused investors can lock in the record date of August 12, 2026. The company's commitment to dividends despite a PAT decline signals confidence in long-term cash flows.

  • Zensar was ranked #1 in IT Services in India's 'Best Companies to Work For 2026' and recognized as a Leader in Guidewire Services. This could enhance its ability to attract top talent and win large deals, supporting future growth.

  • The appointment of Dr. Nirmala Pandit as Non-Executive Director and Mr. Anant Talaulicar as Chairman brings fresh perspectives to the board. This could lead to strategic shifts that unlock value.

  • The merger of two US step-down subsidiaries into Zensar Technologies Inc. aims to achieve greater business synergies and operational efficiencies. This could lead to cost savings and improved margins over time.

  • HCL Tech's participation in three investor conferences (Emkay, Equirus, Motilal Oswal) between Aug 12-19, 2026, provides a platform for management to articulate its strategy and potentially address margin concerns. Positive commentary could act as a catalyst.

Sector Themes (5)

  • Revenue Growth vs. Profitability Squeeze

    Both KPIT and Zensar reported solid YoY revenue growth (~8.9%), but PAT growth was either negative (KPIT: -32.3% YoY) or flat (Zensar: +1.0% YoY). This indicates a sector-wide trend where top-line growth is not translating to bottom-line gains due to rising costs and investments. [IMPLICATION: Investors should focus on companies with strong cost control and margin resilience.]

  • Rising Cost Pressures

    Employee benefits expenses rose 5.3% YoY for Zensar, while subcontracting costs surged 32.0% YoY. KPIT also faced forex losses and JV losses. The sector is grappling with wage inflation, higher subcontracting needs, and currency volatility, all of which are compressing margins. [IMPLICATION: Companies with higher automation and lower reliance on subcontractors may be better positioned.]

  • Divergent Vertical Performance

    Zensar's BFSI vertical grew 8.3% QoQ, while Telecom/Media/Technology declined 9.1% QoQ. This highlights a clear divergence in demand across sectors. IT companies with heavy exposure to telecom and media may face headwinds, while those focused on BFSI and cloud security could outperform. [IMPLICATION: Sector-level stock selection should consider vertical mix.]

  • Capital Allocation Remains Shareholder-Friendly

    Despite a sharp PAT decline, KPIT declared a final dividend of ₹5.25 per share, signaling a commitment to returning cash to shareholders. This trend is positive for income investors but raises questions about sustainability if earnings continue to decline. [IMPLICATION: Watch for dividend payout ratios to assess sustainability.]

  • Focus on Large Deal Transitions

    Zensar's margin compression was explicitly attributed to transition costs on a large deal. This suggests that the sector is winning large, complex deals that require upfront investment, which depresses near-term margins but could lead to higher revenue visibility and growth in the future. [IMPLICATION: Investors should differentiate between structural margin issues and temporary deal-related costs.]

Watch List (8)

  • The company's earnings call transcript is not yet available. Investors should watch for management commentary on the Qorix JV ramp-up, margin outlook, and demand environment. [Date: TBD, likely late July/early August 2026]

  • The record date for the final dividend is August 12, 2026, and the 9th AGM is scheduled for August 31, 2026. Shareholders should ensure they are on the register by the record date to receive the dividend. [Date: Aug 12 & Aug 31, 2026]

  • Coforge's 34th AGM is on August 24, 2026, and the Q1 FY27 earnings transcript is now available. Investors should review the transcript for insights into the company's performance and outlook. [Date: Aug 24, 2026]

  • HCL Tech will participate in three investor conferences in Mumbai from Aug 12-19, 2026. Any material updates on demand, margins, or guidance shared during these meetings could move the stock. [Date: Aug 12-19, 2026]

  • The transition costs on a large deal that impacted Q1 margins need to be monitored. If the deal ramps up successfully in Q2, margins could recover. Watch for any updates in the next earnings call. [Date: Q2 FY27 results, likely October 2026]

  • The JV's losses increased due to revenue postponement. Any news on new client wins or revenue recognition for Qorix could be a significant catalyst for KPIT's stock. [Date: Ongoing]

  • The merger of Bridgeview Life Sciences and M3BI into Zensar Technologies Inc. is expected to close in the coming months. Successful integration could lead to cost synergies and improved operational efficiency. [Date: TBD]

  • With a forex loss of ₹163M in Q1, any significant movement in the INR/USD exchange rate could materially impact KPIT's earnings. Investors should monitor currency trends. [Date: Ongoing]

Filing Analyses (14)
KPIT Technologies Limited Market Notice mixed materiality 7/10

29-07-2026

KPIT Technologies reported Q1 FY2026-27 results with flattish YoY CC revenue growth of 0.1% and a QoQ CC revenue decline of 3.6%. Revenue stood at $176.8M, while EBITDA margin was 17.2% and PAT was ₹1.17 Billion. The company highlighted healthy wins ($257M TCV) and continued cash generation, but noted margin impacts from revenue reduction and a forex loss of ₹163M, as well as a larger share of loss from Qorix at ₹140M.

  • · EBITDA margin impacted due to revenue reduction against Q4FY26.
  • · Forex loss of ₹163M in Q1FY27 vs ₹312M in Q4FY26.
  • · Share of loss from Qorix at ₹140M, larger due to revenue postponement.
  • · Net cash decreased to ₹9.0B from ₹9.6B last quarter.
  • · DSO stood at 51 days.
  • · Capex of ₹288M in Q1FY27.
  • · Strong wins TCV of $257M in Q1FY27.
  • · AirConsole launched in India with Tata Motors on Sierra.ev.
  • · Kishor Patil appointed Vice Chairperson of Nasscom Executive Council.
  • · New technology center in Hanoi, Vietnam with 100+ upcoming job opportunities.
  • · Beacon product announced, built on insights from over 2,000 production programs.
  • · SBTi commitment to achieve Net Zero by 2050.
  • · CDP rating improved to B- for water security and B for climate change.
  • · CSR programs impacted over 11 lakh beneficiaries.
  • · 72% of KPITians contributed to sustainability efforts, driving 13,500+ actions.
KPIT Technologies Limited Corporate Action neutral materiality 3/10

29-07-2026

KPIT Technologies Ltd has announced a record date of August 12, 2026, for the payment of the final dividend for FY 2025-26. The filing confirms only the record date and dividend type; no dividend amount, yield, or financial details are disclosed. Without payout quantum or company financials, the analysis is limited to the event's structure and timing.

  • · Record date is Wednesday, August 12, 2026.
  • · Dividend type is final for FY 2025-26.
  • · No dividend amount, yield, or financial metrics disclosed in the filing.
KPIT Technologies Limited Market Update neutral materiality 1/10

29-07-2026

KPIT Technologies has disclosed the list of Key Managerial Personnel (KMPs) authorized to determine materiality of events and make disclosures to stock exchanges, effective July 29, 2026. The authorized KMPs are CEO & Managing Director Kishor Patil, Joint Managing Director Sachin Tikekar, and CFO Priyamvada Hardikar, with General Counsel & Company Secretary Ashish Malhotra as the single point of contact. This is a routine governance disclosure with no financial or operational impact.

KPIT Technologies Limited Market Notice neutral materiality 6/10

29-07-2026

KPIT Technologies' Board approved the unaudited financial results for Q1 FY27, appointed Dr. Nirmala Pandit as Non-Independent Non-Executive Director following the demise of co-founder Mr. S. B. (Ravi) Pandit, and reappointed several directors including Ms. Bhavna Doshi and Mr. Anup Sable. The Board also fixed August 12, 2026 as the record date for the final dividend for FY 2025-26. No financial figures were disclosed in this filing, and the financial results are being sent separately.

  • · Record date for final dividend FY 2025-26: August 12, 2026.
  • · 9th Annual General Meeting scheduled for August 31, 2026.
  • · Dr. Nirmala Pandit's appointment as director is for a three-year term from July 29, 2026 to July 28, 2029, subject to shareholder approval.
  • · Ms. Bhavna Doshi's reappointment as Independent Director is for a second term from September 15, 2026 to September 14, 2031.
  • · Mr. Anup Sable's reappointment as Whole-time Director is from December 22, 2026 to December 21, 2031.
  • · Mr. Chinmay Pandit's reappointment as Whole-time Director is from July 26, 2027 to July 25, 2032.
  • · Board approved maintaining the remuneration limit for Non-executive Directors at 2% of net profits and for Executive Directors at 8% individually and 15% collectively, for five years from FY 2026-27.
  • · CSR Committee reconstituted with Dr. Nirmala Pandit as a member.
  • · Mr. Omkar Panse appointed as Senior Management Personnel.
Coforge Limited Corporate Governance neutral materiality 1/10

29-07-2026

Coforge Limited has informed the stock exchanges that its 34th Annual General Meeting (AGM) will be held on August 24, 2026, at 5:00 PM IST via video-conferencing, in compliance with MCA and SEBI circulars. The Annual Report, including the Notice of AGM, Board’s Report, and Auditor’s Report, will be sent to members with registered email addresses. No financial results or performance metrics were disclosed in this filing.

  • · AGM date: August 24, 2026 at 5:00 PM IST
  • · Mode: Video-conferencing (VC/OAVM)
  • · Compliance with MCA Circulars (including latest Circular No. 03/2025 dated September 22, 2025) and SEBI circulars
  • · Annual Report will be sent to members with registered email addresses
Zensar Technologies Limited Corporate Governance mixed materiality 7/10

29-07-2026

Zensar Technologies reported Q1 FY27 (June 30, 2026) consolidated revenue of ₹15,083 million, up 8.9% YoY from ₹13,850 million, and net profit of ₹1,838 million, up 1.0% YoY from ₹1,820 million. While revenue growth was solid, net profit growth was nearly flat, and sequentially profit declined 12.7% from ₹2,106 million in Q4 FY26. The Digital and Application Services segment grew 6.8% YoY, while Cloud Infrastructure and Security grew 16.8% YoY.

  • · Standalone revenue grew 22.7% YoY to ₹7,632 million, significantly outpacing consolidated growth.
  • · Consolidated employee benefits expense rose 5.3% YoY to ₹9,223 million, while subcontracting costs surged 32.0% YoY to ₹2,448 million.
  • · Consolidated other expenses increased 4.2% YoY to ₹1,095 million.
  • · Consolidated basic EPS for Q1 FY27 was ₹8.11, up from ₹8.01 in Q1 FY26 but down from ₹9.29 in Q4 FY26.
  • · Standalone basic EPS for Q1 FY27 was ₹8.09, up from ₹7.57 in Q1 FY26 but down from ₹8.79 in Q4 FY26.
  • · The ESOP Trust held 781,257 treasury shares as of June 30, 2026.
  • · No exceptional items were recorded in Q1 FY27; the prior year had a one-time past service cost of ₹235 million (standalone) / ₹249 million (consolidated) related to new Labour Codes.
Zensar Technologies Limited Corporate Governance mixed materiality 7/10

29-07-2026

Zensar Technologies reported consolidated revenue from operations of ₹15,083 million for Q1 FY27 (June 2026), up 8.9% YoY from ₹13,850 million in Q1 FY26. Net profit (PAT) rose marginally by 1.0% YoY to ₹1,838 million from ₹1,820 million, while EPS (basic) improved to ₹8.11 from ₹8.01. However, on a sequential basis, PAT declined 12.7% from ₹2,106 million in Q4 FY26, and the Digital and Application Services segment saw a 5.2% YoY drop in segment profit, indicating mixed performance.

  • · Consolidated employee benefits expense rose 5.3% YoY to ₹9,223 million.
  • · Subcontracting costs surged 32.0% YoY to ₹2,448 million.
  • · Cloud Infrastructure and Security segment revenue grew 16.8% YoY to ₹3,411 million, while Digital and Application Services revenue increased 6.8% YoY to ₹11,672 million.
  • · Digital and Application Services segment profit declined 5.2% YoY to ₹1,734 million; Cloud Infrastructure and Security segment profit rose 19.2% YoY to ₹701 million.
  • · Total trade receivables increased 7.7% YoY to ₹8,879 million.
  • · Unbilled revenue rose 20.8% YoY to ₹4,752 million.
  • · Goodwill increased 8.7% YoY to ₹10,022 million.
  • · Total assets grew 13.1% YoY to ₹61,839 million.
  • · Unearned revenue (deferred revenue) rose to ₹685 million from ₹621 million a year ago.
  • · Standalone revenue from operations grew 22.7% YoY to ₹7,632 million; standalone net profit rose 6.8% YoY to ₹1,835 million.
  • · ESOP Trust held 781,257 treasury shares as of June 30, 2026.
  • · No further impact from New Labour Codes was recognized in Q1 FY27.
Zensar Technologies Limited Market Notice mixed materiality 8/10

29-07-2026

Zensar Technologies reported Q1FY27 revenue of $159.5M (₹15,083 Mn), with sequential constant currency growth of 1.1% and INR YoY growth of 8.9%. However, profitability declined sharply: PAT margin fell 220 bps QoQ to 12.2% of revenue, and EBITDA margin dropped 150 bps QoQ to 14.6%, impacted by transition costs on a large deal. While Banking & Financial Services grew strongly (+8.3% QoQ CC), all other verticals declined, with Telecom, Media & Technology plunging 9.1% QoQ and 28.0% YoY in constant currency.

  • · Zensar was recognized as a Leader in Everest Group's Guidewire Services PEAK Matrix Assessment 2026.
  • · Zensar ranked #6 in India's 'Best Companies to Work For 2026' by Great Place to Work and #1 in IT Services sector.
  • · Significant wins include a grants lifecycle modernization project for a leading US property insurer and an enterprise AI agent governance project for a leading American department store holding company.
  • · The company reported net cash and cash equivalents of $317.5M, up 0.6% YoY.
  • · Banking and Financial Services contributed 48.8% of total revenue.
  • · Zensar has 11,000+ employees across 30+ locations.
Zensar Technologies Limited Market Notice mixed materiality 8/10

29-07-2026

Zensar Technologies reported Q1FY27 revenue of $159.5M (₹15,083 Mn), with sequential constant currency growth of 1.1% and YoY INR growth of 8.9%. However, profitability declined sharply: PAT margin fell 220 bps QoQ to 12.2% of revenue, and EBITDA margin dropped 150 bps sequentially to 14.6%, impacted by transition costs on a large deal. While Banking & Financial Services grew strongly (+8.3% QoQ CC), all other verticals declined, with Telecom/Media/Technology falling 9.1% QoQ and 28.0% YoY in constant currency.

  • · Q1FY27 revenue in USD declined 1.5% YoY, while constant currency revenue declined 2.0% YoY.
  • · EBITDA margin dropped 150 bps QoQ to 14.6% due to transition and early-stage execution costs on a large deal.
  • · PAT margin fell 220 bps QoQ to 12.2% of revenue.
  • · Banking & Financial Services contributed 48.8% of total revenue, growing 8.3% QoQ and 14.7% YoY in constant currency.
  • · Telecom, Media & Technology was the worst-performing vertical, declining 9.1% QoQ and 28.0% YoY in constant currency.
  • · US region grew 2.5% QoQ but declined 3.7% YoY in constant currency; Europe declined 1.4% QoQ but grew 3.0% YoY.
  • · Net cash and cash equivalents stood at $317.5M, up 0.6% YoY.
  • · Zensar ranked #6 in India's 'Best Companies to Work For 2026' by Great Place to Work, and #1 in IT Services sector.
  • · Zensar was recognized as a Leader in Everest Group's Guidewire Services PEAK Matrix Assessment 2026.
  • · Significant wins included AI-assisted grants management for a US property insurer and enterprise AI agent governance for a leading American department store holding company.
Zensar Technologies Limited Merger/Acquisition neutral materiality 5/10

29-07-2026

Zensar Technologies' board approved the merger of two US-based step-down subsidiaries, Bridgeview Life Sciences LLC and M3BI LLC, into its material wholly owned subsidiary Zensar Technologies Inc., USA. The merger aims to achieve greater business synergies and operational efficiencies, with no change in Zensar's shareholding pattern. The merging entities are relatively small compared to the parent subsidiary, with combined net worth of $9.72 million and combined turnover of $51.54 million, versus Zensar Technologies Inc.'s net worth of $74.66 million and turnover of $326.96 million.

  • · Board meeting commenced at 05:00 PM IST and concluded at 08:05 PM IST on July 29, 2026.
  • · The merger is between step-down subsidiaries and does not involve any cash consideration or share exchange ratio.
  • · The transaction does not fall within related party transactions as per Regulation 23(5)(b) of SEBI Listing Regulations.
  • · The merging entities will cease to exist as step-down subsidiaries after the merger.
HCL Technologies Limited Market Update neutral materiality 1/10

29-07-2026

HCL Technologies has informed the stock exchanges that it will participate in three investor conferences in Mumbai between August 12-19, 2026, hosted by Emkay, Equirus, and Motilal Oswal. The company executives may also hold one-on-one meetings with investors, but no unpublished price-sensitive information will be shared. This is a routine market update with no financial data or material business developments disclosed.

  • · The company will participate in three conferences: Emkay Confluence (Aug 12-14), Equirus Annual India Conference (Aug 13-14), and Motilal Oswal AGIC (Aug 17-19), all in Mumbai.
  • · Executives may also conduct one-on-one investor meetings during these events.
  • · The company explicitly states no unpublished price-sensitive information will be shared.
Coforge Limited Analyst/Investor Meet neutral materiality 1/10

29-07-2026

Coforge Limited has informed the stock exchanges that the transcript of its Q1 FY27 earnings conference call, held on July 28, 2026, is now available. The filing is a routine disclosure under Regulation 30 of SEBI (LODR) Regulations, 2015, and contains no financial figures or performance data.

  • · Earnings conference call transcript is for Q1 FY27, held after the Board meeting on July 28, 2026.
  • · Transcript is available at the provided link on Coforge's investor relations website.
KPIT Technologies Limited Corporate Governance neutral materiality 6/10

29-07-2026

KPIT Technologies' Board meeting on July 29, 2026, approved the Q1 FY27 financial results, appointed Dr. Nirmala Pandit as Non-Independent Non-Executive Director following the demise of co-founder Ravi Pandit, and reappointed several key directors. The Board also maintained existing remuneration limits for executive and non-executive directors for another five years and set August 12, 2026, as the record date for the final dividend for FY 2025-26. No financial figures were disclosed in this filing, and the financial results are being sent separately.

  • · The Board approved the un-audited consolidated and standalone financial results for the quarter ended June 30, 2026, with an unqualified opinion from the statutory auditor.
  • · Dr. Nirmala Pandit's appointment as director is for a three-year term from July 29, 2026, to July 28, 2029, subject to shareholder approval at the 9th AGM.
  • · Mr. Anant Talaulicar was appointed Chairman of the Board for a one-year period, including the 9th AGM scheduled for August 31, 2026.
  • · Ms. Bhavna Doshi's reappointment as Independent Director is for a second term from September 15, 2026, to September 14, 2031.
  • · Mr. Anup Sable's reappointment as Whole-time Director is from December 22, 2026, to December 21, 2031.
  • · Mr. Chinmay Pandit's reappointment as Whole-time Director is from July 26, 2027, to July 25, 2032.
  • · The Board reconstituted the CSR Committee by inducting Dr. Nirmala Pandit as a member.
  • · Mr. Omkar Panse, Chief Technology Officer, was appointed as Senior Management Personnel.
  • · The record date for the final dividend for FY 2025-26 is fixed as August 12, 2026.
KPIT Technologies Limited Market Update mixed materiality 8/10

29-07-2026

KPIT Technologies reported Q1 FY27 consolidated revenue of ₹16,749.94 million, up 8.9% YoY from ₹15,387.61 million, but profit after tax declined 32.3% YoY to ₹1,164.12 million from ₹1,718.99 million, impacted by higher expenses and a share of loss from joint ventures. Sequentially, revenue fell 2.1% from ₹17,110.00 million in Q4 FY26, while PAT dropped 28.6%. The Board approved maintaining managerial remuneration limits for another five years, appointed Dr. Nirmala Pandit as Non-Executive Director, and fixed a record date of August 12, 2026 for a final dividend of ₹5.25 per share.

  • · Consolidated revenue from operations for Q1 FY27 was ₹16,749.94 million, down 2.1% sequentially from ₹17,110.00 million in Q4 FY26.
  • · Consolidated PAT for Q1 FY27 was ₹1,164.12 million, down 28.6% sequentially from ₹1,629.74 million in Q4 FY26.
  • · Segment-wise revenue: Americas ₹5,136.89 million (up 12.4% YoY), UK & Europe ₹8,843.98 million (up 21.7% YoY), Rest of the World ₹7,886.52 million (down 1.3% YoY).
  • · Segment results (profit): Americas ₹1,162.86 million, UK & Europe ₹1,673.10 million, Rest of the World ₹767.02 million.
  • · Share of loss from joint venture and associate was ₹140.47 million for the quarter.
  • · Foreign exchange loss (net) included in other expenses was ₹162.77 million for the quarter.
  • · The Board approved maintaining managerial remuneration limits (8% individually, 15% collectively for executive directors; 11% overall for all directors) for five years from FY 2026-27, subject to member approval.
  • · Dr. Nirmala Pandit was appointed as Additional & Non-Executive, Non-Independent Director for three years from July 29, 2026.
  • · Ms. Bhavna Doshi was reappointed as Independent Director for a second term of five years from September 15, 2026.
  • · Mr. Anup Sable was reappointed as Whole-time Director for five years from December 22, 2026.
  • · Mr. Chinmay Pandit was reappointed as Whole-time Director for five years from July 26, 2027.
  • · Mr. Omkar Panse was appointed as Senior Management Personnel (Chief Technology Officer) effective July 29, 2026.
  • · Record date for final dividend of ₹5.25 per share is August 12, 2026; payment subject to member approval at the 9th AGM on August 31, 2026.
  • · The statutory auditors issued an unqualified review conclusion on the consolidated financial results.
  • · The Group had 27 subsidiaries and one joint venture as on 30 June 2026.

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