KPIT Tech shares crash 17% as company expects Q1 revenue decline, sharp hit to margins
KPIT Technologies shares plunged 17% after the company warned of a revenue drop in Q1 FY27, citing unexpected actions from European automakers. While short-term performance is expected to be weak, KPIT remains optimistic about long-term growth driven by outsourcing and automation. The company anticipates a strong rebound in the second half of FY27, building a…
