Mumbai, July 1 -- In a clarification to the stock exchanges, the company said the expected impact on Q1 FY27 revenue stems from multiple client actions. While it continues to see growth opportunities, it expects Q2 FY27 revenue to be broadly in line with Q1 FY27.

The clarification follows the company's preliminary business update issued on 30 June 2026, in which it warned that Q1 FY27 revenue would be lower than previously expected.

KPIT had said it expects Q1 FY27 USD reported revenue to decline about 1% year-on-year, primarily due to sudden actions by several European original equipment manufacturers (OEMs) following recent profit warnings and a weaker business outlook.

The company had also cautioned that EBITDA margin and net profit...