KPIT outlook disappoints, analysts push growth recovery to FY28

KPIT Technologies shares tumbled nearly 17% after issuing a weaker-than-expected outlook for FY27. European automakers, facing profitability pressures from Chinese competition, are delaying project approvals and capital allocation, leading to a slower growth forecast. Analysts have revised earnings expectations downwards, anticipating a gradual recovery and subdued performance across the ER&D sector.