KPIT Expects Asia Growth to Return by FY27 After Temporary Slowdown

• KPIT Technologies anticipates Asia growth to resume by fiscal year 2026-27 (FY27) despite a temporary slowdown caused by the winding down of large client programmes.
• Sachin Tikekar, Joint Managing Director, noted that growth is expected in key Asian markets like India, China, and Southeast Asia as new programmes ramp up.
• The US business is also showing signs of stabilization and is projected to return to growth in Q4 and early next year, driven by trucks and off-highway vehicle segments.
• KPIT reported a less than 1% organic revenue de-growth in Q3, but expects Q4 to be its best quarter for revenue growth and improved margins.
• The company is transitioning from a services to an AI-infused solutions model, aiming for efficiency and better client problem-solving, despite some cannibalization of its services business.

Why It Matters: KPIT expects Asia and US markets to rebound by FY27, driven by new programs and a shift to AI-infused solutions.