Geeta Nair

KPIT Technologies reported a 28% quarter-on-quarter drop in Q1 FY27 net profit to ₹116.41 crore due to spending cuts by key European and Japanese clients.

Thermax reported an 86% YoY drop in June quarter net profit to ₹22 crore due to a ₹91 crore cost overrun in an industrial infrastructure project. Despite profit pressure, revenue grew 7% to ₹2,303 crore, backed by a strong ₹14,045 crore order backlog.

Bajaj Finance reported a 27.3% year-on-year increase in consolidated net profit to ₹5,496 crore for Q1 FY27, backed by 24% AUM growth and steady asset quality. With Gross NPA at 0.96% and strong customer additions, leadership outlined ambitious plans to expand AUM to ₹40 lakh crore over the next decade.

Bajaj Finserv reported an 18% year-on-year increase in Q1 net profit to ₹6,297 crore, driven by strong growth in its lending arm, Bajaj Finance. The holding company also announced major strategic expansions into the reinsurance business and alternative asset management.

Despite an 8.7% sequential drop in net profit due to forex headwinds, Persistent Systems reported record $1.15 billion deal wins and announced a €1.4 billion acquisition of European digital engineering firm Nagarro.

Persistent Systems aims to maintain 16-17% operating margins with expected revenue growth across verticals, driven by a $650M deal and Nagarro acquisition, targeting a $5B valuation by FY31.

Tata AutoComp Systems (TACO) expands into the railway sector with joint ventures, targeting 10% market share and robust growth through Vande Bharat, bullet train, and hydrogen-powered train projects.

Kinetic Watts & Volts, a subsidiary of Kinetic Engineering, plans to expand its Kinetic DX electric scooter network to 100 dealerships by October, aiming to sell 15,000 units this year. Backed by a ₹300 crore investment, the company is ramping up production at its Ahilyanagar plant to target 400,000 EV sales over five years.

Following client project cutbacks and the loss of co-founder Ravi Pandit, KPIT Technologies' leadership is diversifying beyond traditional SDV programs into AI-enabled systems and new regional markets to regain growth.

Bharat Forge reported a consolidated net loss of Rs 90 crore in Q1 FY27 due to Rs 330 crore in restructuring expenses for its German unit, even as consolidated revenue grew 18.7% to Rs 4,640 crore.