New Delhi, June 30 -- KPIT Technologies, in its regulatory filing on Tuesday, said it expects its financial performance for the June-ended quarter (Q1FY27) to be impacted due to a sudden decline in revenues over the past few weeks.

The company expects its reported USD revenue for Q1FY27 to decline by around 1% year-on-year compared with Q1FY26, primarily due to sudden actions taken by some European original equipment manufacturers (OEMs) following their recent profit warnings and weaker business outlook. KPIT said the impact of these developments was realised only in recent weeks.

As a result, the company now expects revenue to come in below its earlier guidance. It also expects EBITDA and net profit margins for Q1FY27 to decline sequen...