KPIT continues its transition towards a more differentiated AI-led Products & Solutions model, with Beacon forming the underlying layer across offerings such as N-Dream, i-DART, Technica and Cymotive. Traction across AI-defined mobility, vehicle engineering, autonomous technologies, digital cockpit and after-sales remains encouraging. Q1 EBITDA margin was impacted by sudden revenue decline and lack of sufficient time for corresponding cost optimisation, however, management expects margins to improve successively every quarter, aided by revenue recovery, improving...