Patil dismissed concerns of any slowdown or client-related risks, clarifying that all major contracts and acquisitions are progressing as planned.
KPIT Technologies continues to maintain its earlier commentary, with growth expected to gain momentum from the third quarter of FY26.Reiterating KPIT’s focus on operational consistency, Patil added that margins are likely to remain stable around the 21% range, supported by healthy demand visibility and efficient cost management. The company expects the second half of the year to deliver stronger performance as business momentum picks up across key programs and clients.
This is the edited excerpt of the interview.
Q: Is the market worried about some kind of slowdown on the back of which it sold off because volumes were very large and there was some really concentrated selling. Has something changed, sir?
A: This must be some individual investor making a call. We have no idea about who the investor is, of course, not a promoter or any people we know of. This is something which we also saw it in the market yesterday. It has nothing to do with anything.
We have given a detailed view about where we are and what will happen in the future. We stick with what we have given, this is just something which an individual player has done, and then there was more supply in the market, which has impacted the price.
Q: Is there any change in your financial projections as opposed to what you put out earlier?
A: No, we stick with what we have given in all the commentary on the business so there is no change in that.
Q: There was also some buzz regarding one of your large clients, like maybe a Volkswagen or another large client, one of those deals not getting renewed. Should investors be a little bit cautious on this? Any of your big deals come up for renewal, and is there a fear that it doesn’t get renewed?
A: I will not comment on any such thing. There is no difference. There is no change. We don’t like to respond, but I am just telling you, there is no change from where we spoke last time.
Q: But there’s no risk to any large client, could we take that on board at least, or in the near term there is no large client that comes up for renewal, and there is no risk to that, should we take that on board?
A: Yes, absolutely, also all acquisitions, we have said they are in line with what we have given. They are getting integrated in those times.
Q: You didn’t give us a fixed guidance, but you earlier said that the second half of the year would be far better than the first half, and your margins will hold on to that 21% odd ballpark. You’re sticking with that right?
A: We are sticking to what we have said, that our margins, we will be in a position to hold and you will see the shoots of growth to start from quarter three, we are sticking to our comment.
Q: So, October to December – quarter three is when the growth will start to pick up?
A: We have said that you will start seeing the shoots of growth, yes.
Q: There is a JPMorgan Report, which says FY26 they are expecting a 1% de-growth on organic basis is that in the ballpark, correct?
A: I will not comment on any report. We know what we have given, and I have not seen anything, and it’s hard for me to go anything beyond what we have already said.
Q: As of now, you are clarifying that there is no risk to business. Things are status quo as it was at the end of the first quarter and that is what you’re assuring investors?
A: Yes.
Q: We are looking forward to our chat at the end of quarter two, but at the end of quarter two, do you think you’re going to come up with the guidance for this year because we don’t have a concrete guidance still?
A: We may or may not give the guidance. We are still working, we are doing our raw business, which is very intense right now, but I am not sure right now.
Q: FY26 could be a washout, but optimistic that you return to double digit growth in 27 and 28?
A: I will not say anything.
Also Read | KPIT Tech may see revenue decline in Q2, Goldman Sachs says; JPMorgan sees ‘washout’ FY26
