Guidance ledger · Q4 FY26

KPIT Technologies Ltd KPITTECH

4 revisions on record · 1 lowered · 3 raised — the strikethrough is what management used to say

gives specific guidance · shifted across quarters

Holding view → · latest concall · The pulse

↑ raised EBITDA margin — annual guidance Q3 FY26 → Q4 FY26

~~Profitability steady; Q4 will improve from Q3 (no number committed)~~ → 20.5% to 21.2% for FY27

“EBITDA 20.5 to 21.2 post increasing investment in AI solutions and products competency development and new markets.”

↑ raised Medium-term EBITDA target Q3 FY26 → Q4 FY26

~~Not explicitly stated in Q3FY26~~ → 22% to 24% in medium term

“we expect the EBITDA to be between 22% to 24% from where we are today.”

↑ raised Solutions and products revenue share Q3 FY26 → Q4 FY26

~~Services-to-solutions transformation (directional, no timeline)~~ → 50% of revenue in ~3 years; 15% today moving to 60% in 3 years

“50% revenue share to be achieved from solutions and product. This is very important. And See, the revenue part, which is in FY26, which is 85% of our, this 15% is solution and product, which will move to 60% in 3 years.”

↓ lowered FY27 near-term headwind from SDV ramp-downs Q3 FY26 → Q4 FY26

~~Not disclosed~~ → 4-5% sequential revenue headwind in Q1FY27

“Continuation of this program would have resulted in 4 to 5 sequential growth for the year.”

Method. Revisions come from management's own stated numbers, compared quarter over quarter across the covered concalls; each carries the verbatim quote. “No revisions” can also mean guidance too vague to pin down — see the posture chip above. Not investment advice.