VERIFIEDEconomic Times News·1 Jul 2026negative

KPIT Tech shares hit 10% lower circuit as company expects Q1 revenue decline, sharp hit to margins

AI Summary

·KPIT Technologies shares fell 10% due to a Q1 FY27 revenue decline warning.
·The company cited unexpected actions from European automakers as the reason for the expected drop.
·KPIT anticipates a strong rebound in the second half of FY27.