IT and software major KPIT Technologies is expected to face a revenue dip in its second quarter (September 2025), according to a report by Goldman Sachs. The brokerage firm maintained a ‘neutral’ rating on the stock with a target price of ₹1,100. Goldman Sachs projects a 2% sequential decline in organic constant currency revenue and a 1% drop in US dollar terms. However, the recent Caresoft acquisition is anticipated to add approximately $4 million to the revenue, keeping the overall revenue nearly flat.
KPIT Tech’s stock has recently seen a significant decline of 9.27%, impacting its position in the Nifty 500 index as a mid-cap IT stock. Analysts suggest that while short-term challenges persist due to sluggish auto R&D spending and global economic uncertainties, KPIT Tech’s long-term potential in electric vehicles (EV) and software-defined vehicles remains strong.