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KPIT Technologies Ltd Annual Report 2026
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Annual Report
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KPIT
May 6, 2026
BSE Limited
Phiroze Jeejeebhoy Towers,
Dalal Street,
Mumbai - 400001.
Scrip ID: KPITTECH
Scrip Code: 542651
Kind Attn: The Manager,
Department of Corporate Services
National Stock Exchange of India Ltd.,
Exchange Plaza, C/1, G Block,
Bandra - Kurla Complex, Bandra (E),
Mumbai - 400051.
Symbol: KPITTECH
Series: EQ
Kind Attn: The Manager,
Listing Department
Dear Sir / Madam,
Subject: - Disclosure of events & information pursuant to Regulation 30 SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 ("Listing Regulations") - Outcome of the Board Meeting held on May 6, 2026
Time of Commencement of the Board Meeting: 09.15 am IST.
Time of Conclusion of the Board Meeting: 12:35 pm IST.
We wish to inform you that the Board of Directors of the Company, at its meeting held today, inter alia, has approved the following: -
- Audited Standalone Financial Results and Consolidated Financial Results for the quarter and year ended March 31, 2026.
- Audited Standalone Financial Statements and Consolidated Financial Statements for the year ended March 31, 2026.
- Recommendation of Final Dividend at Rs. 5.25/- per equity share of Rs. 10/- each (i.e. 52.5 %) for FY 2025-26, subject to declaration of the same by members at the ensuing Annual General Meeting and will be paid within the statutory timelines as per the Companies Act, 2013 & the Rules made thereunder.
- Acquisition of strategic stake in Cymotive Technologies LTD ("Cymotive"), a leading automotive cybersecurity specialist headquartered in Israel.
Founded jointly by senior Israeli cybersecurity leaders and CARIAD, the automotive software company of the Volkswagen Group, Cymotive specializes in end-to-end vehicle lifecycle cybersecurity, spanning secure architecture, threat modeling, intrusion detection, continuous monitoring, and regulatory / homologation compliance. Cymotive has been a trusted cybersecurity partner to leading global automotive players and brings strong domain depth in addressing automotive-specific cyber threats.
Key offerings of Cymotive include Cybersecurity Management System (CSMS), Automated security & penetration testing (CyClarity), Vulnerability management (CarAlert), Intrusion Detection Systems (IDS), Automotive cybersecurity cloud platform, Engineering, homologation and compliance.
The acquisition of Cymotive aligns with KPIT's long-term strategy of creating differentiated, AI solutions-led value for global OEMs. It strengthens KPIT's capabilities in automotive cybersecurity—a critical and natural extension of its core SDV,
KPIT Technologies Ltd.
Registered & Corporate Office: Plot No. 17, Rajiv Gandhi Infotech Park, MIDC-SEZ,
Phase-III, Maan, Taluka-Mulshi, Hinjawadi, Pune-411057, India.
CIN: L74999PN2018PLC174192
0 +91 20 6770 6000
E [email protected]
W kpit.com
KPIT
embedded, and systems engineering business—while enhancing its value proposition to global OEMs enabling them to adopt an integrated approach—embedding cybersecurity into vehicle platforms from design through production and operations.
This investment also strengthens KPIT's solutions and products strategy, enhancing opportunities to develop reusable platforms and cybersecurity products. It will start adding to product- and licensing-led revenue streams, in addition to KPIT's established engineering engagements.
The details of disclosure pursuant to Para A of Part A of Schedule III of the SEBI Listing Regulations read with SEBI Circular dated January 30, 2026, are enclosed herewith as "Annexure A".
The Statutory Auditors of the Company have issued audit reports with unmodified opinion on the financial Statement.
Audited Consolidated Financial Results and Standalone Financial Results for the quarter and year ended March 31, 2026, along with Auditors Report thereon, Declaration relating to the Unmodified Opinion by the Statutory Auditors on the aforementioned Financial Results and Investor Update are being sent separately.
Kindly take the same on your records.
Thanking you.
Yours faithfully,
For KPIT Technologies Limited
KPIT Technologies Ltd.
Registered & Corporate Office: Plot No. 17, Rajiv Gandhi Infotech Park, MIDC-SEZ,
Phase-III, Maan, Taluka-Mulshi, Hinjawadi, Pune-411057, India.
CIN: L74999PN2018PLC174192
+91 20 6770 6000
W kpit.com
KPIT
Annexure A
| Sr. No. | Particulars | Details |
|---|---|---|
| 1 | Name of the target entity, details in brief such as size, turnover etc. | Cymotive is a automotive cybersecurity company, focused exclusively on securing software-defined vehicles (SDVs), connected vehicles, and fleet ecosystems throughout the full vehicle lifecycle. |
| Three years Turnover of Cymotive is as below | ||
| CY2023 - USD 42.4 Million | ||
| CY2024 - USD 32.7 Million | ||
| CY2025 - USD 19.2 Million | ||
| 2 | Whether the acquisition would fall within related party transaction(s) and whether the promoter/ promoter group/ group companies have any interest in the entity being acquired? If yes, nature of interest and details thereof and whether the same is done at “arm’s length” | The acquisition is not with a related party. |
| Promoter/ Promoter Groups/ Group Companies do not have any interest. | ||
| None of the KPIT directors have any interest | ||
| 3 | Industry to which the entity being acquired belongs | Automotive Cybersecurity. |
| 4 | Objects and effects of acquisition (including but not limited to, disclosure of reasons for acquisition of target entity, if its business is outside the main line of business of the listed entity) | The acquisition of Cymotive aligns with KPIT’s long-term strategy of creating differentiated, AI solutions-led value for global OEMs . It strengthens KPIT’s capabilities in automotive cybersecurity—a critical and natural extension of its core SDV, embedded, and systems engineering business—while enhancing its value proposition to global OEMs enabling them to adopt an integrated approach—embedding cybersecurity into vehicle platforms from design through production and operations. |
| This investment also strengthens KPIT’s solutions and products strategy, enhancing opportunities to develop reusable platforms and cybersecurity products. It will start adding to product- and licensing-led revenue streams, in addition to KPIT’s established engineering engagements. | ||
| 5 | Brief details of any governmental or regulatory approvals required for the acquisition | Merger control filing in Germany and Austria. |
| 6 | Indicative time period for completion of the acquisition | 1. The initial investment by KPIT would be USD 10 million in Preference Capital – Expected closure mid-June 2026. |
| 2. This investment would get converted to 26% of Equity Capital, basis achievement of certain performance milestones by Cymotive- Latest within 8 quarters of the initial investment closing. | ||
| 3. Post such conversion, KPIT would acquire the balance stake to own 100% in Cymotive - Expected to be completed by mid-2029. |
KPIT Technologies Ltd.
Registered & Corporate Office: Plot No. 17, Rajiv Gandhi Infotech Park, MIDC-SEZ,
Phase-III, Maan, Taluka-Mulshi, Hinjawadi, Pune-411057, India.
CIN: L74999PN2018PLC174192
O +91 20 671 824
W kpit.com
KPIT
| 7 | Consideration – whether cash consideration or share swap or any other form and details of the same | 100% Cash Consideration. |
|---|---|---|
| 8 | Cost of acquisition and/or the price at which the shares are acquired | The initial investment by KPIT would be USD 10 million in Preference Capital. |
| If the preference capital is converted into equity, then the total consideration for acquisition of 100% stake would happen in 2 tranches and is dependent upon the actual revenue and EBIT numbers achieved by Cymotive. Currently the total consideration payable by KPIT is expected to be between $60 Mn to $120 Mn (including the upfront $10 Mn). | ||
| 9 | Percentage of shareholding / control acquired and / or number of shares acquired | 1. Initial Investment - Preference Equity |
| 2. Upon Conversion – KPIT to own 26% Equity Capital, | ||
| 3. 1st Tranche – KPIT to own 65% Equity Capital. | ||
| 4. 2nd Tranche – KPIT to own 100% Equity Capital. |
1st and 2nd Tranche applicable only if the preference equity gets converted into equity capital. |
| 10 | Brief background about the entity acquired in terms of products/line of business acquired, date of incorporation, history of last 3 years turnover, country in which the acquired entity has presence and any other significant information (in brief). | Cymotive specializes in end-to-end vehicle lifecycle cybersecurity, spanning secure architecture, threat modeling, intrusion detection, continuous monitoring, and regulatory / homologation compliance. Key offerings of Cymotive include Cybersecurity Management System (CSMS), Automated security & penetration testing (CyClarity), Vulnerability management (CarAlert), Intrusion Detection Systems (IDS), Automotive cybersecurity cloud platform, Engineering, homologation, and compliance.
The Company is headquartered in Tel Aviv, Israel
Date of Incorporation: 16 July, 2016
Turnover for last 3 years:
CY2023 - USD 42.4 Million
CY2024 - USD 32.7 Million
CY2025 - USD 19.2 Million |
+91 20 6770 6000
| KPIT TECHNOLOGIES LIMITED Registered & Corporate Office: Plot-17, Rajiv Gandhi Infotech Park, MIDC-SEZ, Phase-III, Maan, Hinjawadi, Taluka - Mulshi, Pune - 411057 Phone: +91 20 6770 6000 | [email protected] | www.kpit.com | CIN: L74999PN2018PLC174192 |
|---|---|---|---|
| PART I: STATEMENT OF AUDITED CONSOLIDATED FINANCIAL RESULTS FOR THE QUARTER AND YEAR ENDED 31 MARCH 2026 | |||
| ₹ in million (except per share data) | |||
| Particulars | Quarter ended | Year ended | |
| 31 March 2026 (Audited) (Refer note 15) | 31 December 2025 (Unaudited) | 31 March 2025 (Audited) (Refer note 15) | 31 March 2026 (Audited) |
| Revenue from operations | 17,110.00 | 16,174.59 | 15,283.44 |
| Other income (Refer note 4, 5, 6, 7 and 8) | 120.55 | 341.44 | 461.59 |
| Total income | 17,230.55 | 16,516.03 | 15,745.03 |
| Expenses | |||
| Cost of materials consumed | 243.31 | 303.37 | 151.80 |
| Changes in inventories of finished goods and work-in-progress | 8.18 | (39.92) | 61.54 |
| Employee benefits expense | 10,464.80 | 9,962.64 | 9,549.73 |
| Finance costs | 220.43 | 233.49 | 91.88 |
| Depreciation and amortisation expense | 819.57 | 810.11 | 579.23 |
| Other expenses (Refer note 4) | 3,172.67 | 2,796.59 | 2,290.46 |
| Total expenses | 14,928.96 | 14,066.28 | 12,724.64 |
| Profit before share of profit/(loss) of joint venture and associate, exceptional items and tax | 2,301.59 | 2,449.75 | 3,020.39 |
| Share of profit/(loss) of joint venture and associate (net of tax) | (55.14) | (42.21) | 141.36 |
| Profit before exceptional items and tax | 2,246.45 | 2,407.54 | 3,161.75 |
| Exceptional items | |||
| Statutory impact of New Labour Codes (Refer note 11) | - | 597.12 | - |
| Profit before tax | 2,246.45 | 1,810.42 | 3,161.75 |
| Tax expense (Refer note 6) | |||
| Current tax | 763.71 | 537.98 | 544.99 |
| Deferred tax (benefit)/charge | (147.00) | (61.66) | 169.51 |
| Total tax expense | 616.71 | 476.32 | 714.50 |
| Profit for the period/year | 1,629.74 | 1,334.10 | 2,447.25 |
| Other comprehensive income | |||
| A. (i) Items that will not be reclassified to profit or loss | 55.64 | 3.02 | 10.08 |
| (ii) Income tax on items that will not be reclassified to profit or loss | (16.16) | (1.35) | (3.41) |
| B. (i) Items that will be reclassified to profit or loss | 846.33 | 696.59 | 417.17 |
| (ii) Income tax on items that will be reclassified to profit or loss | 52.07 | (150.19) | 27.40 |
| Total other comprehensive income/(loss), net of tax | 937.88 | 548.07 | 451.24 |
| Total comprehensive income for the period/year | 2,567.62 | 1,882.17 | 2,898.49 |
| KPIT TECHNOLOGIES LIMITED Registered & Corporate Office: Plot-17, Rajiv Gandhi Infotech Park, MIDC-SEZ, Phase-III, Maan, Hinjawadi, Taluka - Mulshi, Pune - 411057 Phone : +91 20 6770 6000 | [email protected] | www.kpit.com | CIN : L74999PN2018PLC174192 |
|---|---|---|---|
| PART I: STATEMENT OF AUDITED CONSOLIDATED FINANCIAL RESULTS FOR THE QUARTER AND YEAR ENDED 31 MARCH 2026 ₹ in million (except per share data) | |||
| Particulars | Quarter ended | Year ended | |
| 31 March 2026 (Audited) (Refer note 15) | 31 December 2025 (Unaudited) | 31 March 2025 (Audited) (Refer note 15) | 31 March 2026 (Audited) |
| Profit attributable to | |||
| Owners of the Company | 1,630.49 | 1,333.04 | 2,447.25 |
| Non-controlling interests | (0.75) | 1.06 | - |
| Profit for the period/year | 1,629.74 | 1,334.10 | 2,447.25 |
| Other comprehensive income attributable to | |||
| Owners of the Company | 937.88 | 548.07 | 451.24 |
| Non-controlling interests | - | - | - |
| Other comprehensive income for the period/year | 937.88 | 548.07 | 451.24 |
| Total comprehensive income attributable to | |||
| Owners of the Company | 2,568.37 | 1,881.11 | 2,898.49 |
| Non-controlling interests | (0.75) | 1.06 | - |
| Total comprehensive income for the period/year | 2,567.62 | 1,882.17 | 2,898.49 |
| Paid-up equity share capital (face value of ₹ 10 per share) | 2,722.27 | 2,721.44 | 2,717.02 |
| Other equity | |||
| Earnings per equity share (face value of ₹ 10 per share)* | |||
| Basic | 5.99 | 4.90 | 9.01 |
| Diluted | 5.95 | 4.87 | 8.94 |
| *EPS are not annualised for the interim periods. |
KPIT TECHNOLOGIES LIMITED
Registered & Corporate Office: Plot-17, Rajiv Gandhi Infotech Park, MIDC-SEZ, Phase-III, Maan, Hinjawadi, Taluka - Mulshi, Pune - 411057
Phone : +91 20 6770 6000 | [email protected] | www.kpit.com | CIN : L74999PN2018PLC174192
Select explanatory notes to the Statement of Audited Consolidated Financial Results for the quarter and year ended 31 March 2026
-
The above audited consolidated financial results have been reviewed by the Audit Committee and thereafter approved and taken on record by the Board of Directors in their meetings held on 6 May 2026. These audited consolidated financial results have been prepared in accordance with the Indian Accounting Standards ("Ind-AS") as per the Companies (Indian Accounting Standards) Rules, 2015, as amended from time to time, notified under section 133 of the Companies Act, 2013 ("Act") and other relevant provisions of the Act.
-
The Statutory auditors of the Company have audited the above consolidated financial results of the Company for the year ended 31 March 2026. An unqualified audit opinion has been issued by them thereon.
-
The above audited consolidated financial results include 27 subsidiaries and one joint venture as on 31 March 2026.
-
Details of foreign exchange gain/loss included in above results:
| Particulars | Quarter ended | Year ended | |||
|---|---|---|---|---|---|
| 31 March 2026 | |||||
| (Audited) | |||||
| (Refer note 15) | 31 December 2025 | ||||
| (Unaudited) | 31 March 2025 | ||||
| (Audited) | |||||
| (Refer note 15) | 31 March 2026 | ||||
| (Audited) | 31 March 2025 | ||||
| (Audited) | |||||
| Foreign exchange gain (net) included in other income | - | - | 2.99 | - | 82.98 |
| Foreign exchange loss (net) included in other expenses | 311.61 | 182.03 | - | 878.30 | - |
-
During the year ended 31 March 2026, the Group had recognised a gain of ₹ 164.70 million on fair valuation of financial instrument carried at fair value through profit or loss under "Other income" in the Consolidated Statement of Profit and Loss account.
-
During the quarter ended 30 June 2024, ZF Friedrichshafen AG ("ZF") had invested EURO 1.35 million in Qorix GmbH, a wholly owned subsidiary of KPIT Technologies Limited (KPIT), based on definitive terms of the Joint Venture Agreement entered into by KPIT and ZF to make an independent company focused on the creation of worldclass automotive middleware stack. Consequently, Qorix GmbH had become a Joint Venture Company of KPIT and ZF having 50:50 ownership. ZF had further invested EURO 13.65 million till 31 March 2025 and assigned its relevant IP into Qorix GmbH.
Qorix GmbH being a Joint Venture Company, KPIT does not have majority control in Qorix and thereby, as per the provisions of the applicable Ind-AS, had:
a. derecognised the assets and liabilities of Qorix GmbH and recognised the resulting one-time gain of ₹ 199.07 million under "Other income" in the Consolidated Statement of Profit and Loss account for the quarter ended 30 June 2024;
b. recognised a one-time gain of ₹ 197.22 million on transfer of IPs to Qorix GmbH under "Other income" in the Consolidated Statement of Profit and Loss account for the quarter ended 30 June 2024, along with the related tax expense of ₹ 68.92 million under "Tax expense".
During the quarter ended 31 March 2025, Qualcomm Ventures LLC ("Qualcomm") joined as a strategic minority shareholder in Qorix GmbH with KPIT and ZF as significant shareholders. This partnership further strengthened the position of Qorix GmbH as a leading provider of middleware solutions for Software-Defined Vehicles (SDVs). Pursuant to this, Qualcomm had invested an amount of EURO 10.00 million, through an equity infusion, for a stake of 11.11% in Qorix GmbH. Accordingly, KPIT had recognised a one-time "Gain on dilution" of ₹ 271.49 million under "Other income" in the Consolidated Statement of Profit and Loss account.
- During the year ended 31 March 2025, the Company had recognised a one-time taxable gain of ₹ 450.00 million on settlement of an insurance claim under "Other income" in the Consolidated Statement of Profit and Loss account.
KPIT TECHNOLOGIES LIMITED
Registered & Corporate Office: Plot-17, Rajiv Gandhi Infotech Park, MIDC-SEZ, Phase-III, Maan, Hinjawadi, Taluka - Mulshi, Pune - 411057
Phone : +91 20 6770 6000 | [email protected] | www.kpit.com | CIN : L74999PN2018PLC174192
Select explanatory notes to the Statement of Audited Consolidated Financial Results for the quarter and year ended 31 March 2026
8 On 7 October 2025, the Group, through its wholly-owned subsidiary, KPIT Technologies (UK) Limited, acquired additional stake of 62.9% in N-Dream AG for a total consideration of EUR 16.35 million. Pursuant to this acquisition, N-Dream AG became a step-down subsidiary of the Group with the total KPIT group shareholding of 88.9%. On 17 November 2025, the Group had acquired further stake of 1.1% at a consideration of EUR 2.82 million, taking the total of KPIT group shareholding to 90% in N-Dream AG.
In line with Ind-AS 103, Business Combinations, the Group had remeasured its previously held equity interest in N-Dream AG at the acquisition-date fair value. Accordingly, during the previous quarter, the Group had recognised a one-time gain of ₹ 301.04 million under "Other income" in the Consolidated Statement of Profit and Loss account.
Consequently, the Group has recognized Goodwill amounting to ₹ 2,132.42 million and Customer Relationship intangible assets amounting to ₹ 466.85 million (translated at the closing exchange rate as at 31 March 2026).
9 During the quarter ended 30 September 2025, the Group, through its wholly owned subsidiaries KPIT Technologies Inc. and KPIT Technologies (UK) Limited, completed 100% acquisition of the Caresoft Group entities, comprising Caresoft Global Technologies, Inc., Caresoft Engineering Services Limited, and CAREGLOTECH de RL de CV. Subsequently, on 10 October 2025, the Group, under the same contractual arrangement, also completed 100% acquisition of OXI SRL Italy.
Caresoft Global is a leader in automotive benchmarking and cost reduction oriented engineering solutions, and will:
a. Augment KPIT's growth in Trucks and Off-highway segment
b. Boost value creation for KPIT clients with full vehicle cost reduction solutions
c. Enhance KPIT's manufacturing engineering solutions portfolio
d. Accelerate KPIT's foray into China Market
The total purchase consideration for the combined acquisitions comprises:
i. fixed consideration of USD 142.00 million to be paid over the next 2 years from the acquisition date; and
ii. variable consideration upto USD 15.00 million based on the achievement of revenue and profit milestones to be payable over the next 3.75 years from the acquisition date.
Out of the above total consideration, an upfront fixed consideration of USD 51.00 million was paid towards the acquisitions completed on 15 August 2025, and USD 6.00 million was paid for the acquisition completed on 10 October 2025.
Consequently, the Group has recognized Goodwill amounting to ₹ 12,254.79 million and Customer Relationship intangible assets amounting to ₹ 3,085.74 million (translated at the closing exchange rate as at 31 March 2026).
10 The scheme of amalgamation of PathPartner Technology Private Limited ("the Transferor Company"), with KPIT Technologies Limited ("the Transferee Company"), under Sections 230 to 232 and other applicable provisions of the Companies Act, 2013, was approved by the Board of Directors of the Transferor Company at its meeting held on 25 April 2025 and by the Board of Directors of the Transferee Company at its meeting held on 28 April 2025. The Company has filed an application before the Hon'ble National Company Law Tribunal and the same is pending for its approval.
The scheme of amalgamation aims to simplify the group structure, drive synergies, and enhance stakeholder value through consolidated operations and unified financial strength.
11 On 21 November 2025, the Government of India notified the four Labour Codes - the Code on Wages, 2019, the Industrial Relations Code, 2020, the Code on Social Security, 2020, and the Occupational Safety, Health and Working Conditions Code, 2020 - consolidating 29 existing labour laws. The Ministry of Labour & Employment published draft Central Rules and FAQs to enable assessment of the financial impact due to changes in regulations. The Group has assessed and disclosed the incremental impact of these changes on the basis of professional consultation obtained and the best information available, consistent with the guidance provided by the Institute of Chartered Accountants of India. Considering the materiality and regulatory-driven, non-recurring nature of this impact, the Group has presented an incremental impact on gratuity of ₹ 481.98 million and long-term compensated absences of ₹ 115.14 million as “Statutory impact of New Labour Codes” under “Exceptional items” in the Consolidated Statement of Profit and Loss for the quarter ended 31 December 2025 and for the year ended 31 March 2026. The Group continues to monitor the finalisation of Central / State Rules and clarifications from the Government on other aspects of the Labour Code and would provide appropriate accounting effect on the basis of such developments as needed.
KPIT TECHNOLOGIES LIMITED
Registered & Corporate Office: Plot-17, Rajiv Gandhi Infotech Park, MIDC-SEZ, Phase-III, Maan, Hinjawadi, Taluka - Mulshi, Pune - 411057
Phone : +91 20 6770 6000 | [email protected] | www.kpit.com | CIN : L74999PN2018PLC174192
Select explanatory notes to the Statement of Audited Consolidated Financial Results for the quarter and year ended 31 March 2026
12 The Board of Directors at its meeting held on 6 May 2026, has recommended a final dividend of ₹ 5.25 per equity share for the year ended 31 March 2026, which is subject to the approval of shareholders at the Annual General Meeting.
13 Consolidated statement of cash flows is attached in Annexure A.
14 During the current year, the following comparative figures have been reclassified to align with the current year's classification. This reclassification does not have material impact on the Consolidated Financial Statements and has been done for better presentation and understanding of the Consolidated Financial Statements.
| SN | Particulars | 31 March 2025 | ||
|---|---|---|---|---|
| Previously reported (₹ million) | Reclassification (₹ million) | Revised amount (₹ million) | ||
| (a) | Consolidated Balance Sheet | |||
| 1 | Cash and cash equivalents | 10,743.15 | 1,488.63 | 12,231.78 |
| 2 | Bank balances other than cash and cash equivalents | 1,937.63 | (1,488.63) | 449.00 |
| (b) | Consolidated Statement of Cash Flows | |||
| 1 | Cash flow from investing activities | (6,298.76) | 608.99 | (5,689.77) |
| 2 | Cash and cash equivalents at beginning of the year | 6,550.19 | 879.64 | 7,429.83 |
| 3 | Cash and cash equivalents at the end of the year | 10,743.15 | 1,488.63 | 12,231.78 |
15 The figures for the quarter ended 31 March 2026 and 31 March 2025 as reported in these financial results, are the balancing figures between the audited figures in respect of the full financial year and unaudited published year to date figures upto the end of the third quarter of the relevant financial years.
16 The consolidated results of the Company are available on the Company's website, www.kpit.com and also on the website of the BSE Limited, www.bseindia.com and National Stock Exchange of India Limited, www.nseindia.com, where the shares of the Company are listed.
For and on behalf of the Board of Directors of KPIT TECHNOLOGIES LIMITED
Kishor Patil
CEO & Managing Director
DIN: 00076190
SACHIN DATTATRAY TIKEKAR
Digitally signed by SACHIN DATTATRAY TIKEKAR
Date: 2026.05.06 11:54:38 +05'30'
Present & Joint Managing Director
DIN: 02918460
B S R & Co. LLP
Chartered Accountants
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Telephone: +91 (20) 6747 7300
Fax: +91 (20) 6747 7100
Independent Auditor's Report
To the Board of Directors of KPIT Technologies Limited
Report on the audit of the Consolidated Annual Financial Results
Opinion
We have audited the accompanying consolidated annual financial results of KPIT Technologies Limited (hereinafter referred to as the "Holding Company") and its subsidiaries (Holding Company and its subsidiaries together referred to as "the Group"), its associate and its joint venture for the year ended 31 March 2026, attached herewith, being submitted by the Holding Company pursuant to the requirement of Regulation 33 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended ("Listing Regulations").
In our opinion and to the best of our information and according to the explanations given to us and based on the consideration of reports of other auditors on separate audited financial statements of the subsidiaries, the aforesaid consolidated annual financial results:
a. include the annual financial results of the entities mentioned in Annexure I to the aforesaid consolidated annual financial results
b. are presented in accordance with the requirements of Regulation 33 of the Listing Regulations in this regard; and
c. give a true and fair view in conformity with the recognition and measurement principles laid down in the applicable Indian Accounting Standards, and other accounting principles generally accepted in India, of consolidated net profit and other comprehensive income and other financial information of the Group for the year ended 31 March 2026.
Basis for Opinion
We conducted our audit in accordance with the Standards on Auditing ("SAs") specified under section 143(10) of the Companies Act, 2013 ("the Act"). Our responsibilities under those SAs are further described in the Auditor's Responsibilities for the Audit of the Consolidated Annual Financial Results section of our report. We are independent of the Group, its associate and its joint venture in accordance with the Code of Ethics issued by the Institute of Chartered Accountants of India together with the ethical requirements that are relevant to our audit of the financial statements under the provisions of the Act, and the Rules thereunder, and we have fulfilled our other ethical responsibilities in accordance with these requirements and the Code of Ethics. We believe that the audit evidence obtained by us, along with the consideration of reports of the other auditors referred to in sub paragraph no. (a) of the "Other Matters" paragraph below, is sufficient and appropriate to provide a basis for our opinion on the consolidated annual financial results.
Management's and Board of Directors'/Board of Trustees' Responsibilities for the Consolidated Annual Financial Results
These consolidated annual financial results have been prepared on the basis of the consolidated annual financial statements.
The Holding Company's Management and the Board of Directors are responsible for the preparation and presentation of these consolidated annual financial results that give a true and fair view of the consolidated net profit/ loss and other comprehensive income and other financial information of the Group including its associate and joint venture in accordance with the recognition and measurement principles laid down in Indian Accounting Standards prescribed under Section 133 of the Act read with relevant rules issued
B S R & Co. (a partnership firm with Registration No. BA61223) converted into B S R & Co. LLP (a Limited Liability Partnership with LLP Registration No. AAB-8181) with effect from October 14, 2013
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14th Floor, Central B Wing and North C Wing, Nesco IT Park 4, Nesco
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B S R & Co. LLP
Independent Auditor's Report (Continued)
KPIT Technologies Limited
thereunder and other accounting principles generally accepted in India and in compliance with Regulation 33 of the Listing Regulations. The respective Management and Board of Directors of the companies/Board of Trustees' of the Employee Stock Option Plan (ESOP) Trust included in the Group and the respective Management and Board of Directors of its associate and joint venture are responsible for maintenance of adequate accounting records in accordance with the provisions of the Act for safeguarding of the assets of each company/ESOP Trust and for preventing and detecting frauds and other irregularities; selection and application of appropriate accounting policies; making judgments and estimates that are reasonable and prudent; and the design, implementation and maintenance of adequate internal financial controls, that were operating effectively for ensuring accuracy and completeness of the accounting records, relevant to the preparation and presentation of the consolidated annual financial results that give a true and fair view and are free from material misstatement, whether due to fraud or error, which have been used for the purpose of preparation of the consolidated annual financial results by the Management and the Board of Directors of the Holding Company, as aforesaid.
In preparing the consolidated annual financial results, the respective Management and the Board of Directors of the companies/Board of Trustees of the ESOP trust included in the Group and the respective Management and Board of Directors of its associate and joint venture are responsible for assessing the ability of each company/ESOP trust to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the respective Board of Directors/Board of Trustees' either intends to liquidate the company/ESOP trust or to cease operations, or has no realistic alternative but to do so.
The respective Board of Directors of the companies/Board of Trustees of the ESOP Trust included in the Group and the respective Management and Board of Directors of its associate and joint venture is responsible for overseeing the financial reporting process of each company/ESOP trust.
Auditor's Responsibilities for the Audit of the Consolidated Annual Financial Results
Our objectives are to obtain reasonable assurance about whether the consolidated annual financial results as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with SAs will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these consolidated annual financial results.
As part of an audit in accordance with SAs, we exercise professional judgment and maintain professional skepticism throughout the audit. We also:
- Identify and assess the risks of material misstatement of the consolidated annual financial results, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control.
- Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances. Under Section 143(3) (i) of the Act, we are also responsible for expressing our opinion through a separate report on the complete set of financial statements on whether the company has adequate internal financial controls with reference to financial statements in place and the operating effectiveness of such controls.
- Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures in the consolidated annual financial results made by the Management and Board of Directors.
- Conclude on the appropriateness of the Management's and Board of Directors' use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the appropriateness of this assumption. If we conclude that a material uncertainty exists, we are required to draw attention in our auditor's report to the related disclosures in the consolidated annual financial results or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on
Page 2 of 6
Independent Auditor's Report (Continued)
KPIT Technologies Limited
the audit evidence obtained up to the date of our auditor's report. However, future events or conditions may cause the Group and its associate and joint venture to cease to continue as a going concern.
- Evaluate the overall presentation, structure and content of the consolidated annual financial results, including the disclosures, and whether the consolidated annual financial results represent the underlying transactions and events in a manner that achieves fair presentation.
- Obtain sufficient appropriate audit evidence regarding the financial statements of the entities within the Group and its associate and joint venture to express an opinion on the consolidated annual financial results. We are responsible for the direction, supervision and performance of the audit of financial statements of such entities included in the consolidated annual financial results of which we are the independent auditor. For the other entities included in the consolidated annual financial results, which have been audited by other auditors, such other auditors remain responsible for the direction, supervision and performance of the audits carried out by them. We remain solely responsible for our audit opinion. Our responsibilities in this regard are further described in sub paragraph no. (a) of the "Other Matters" paragraph in this audit report.
We communicate with those charged with governance of the Holding Company and such other entity included in the consolidated annual financial results of which we are the independent auditors regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit.
We also provide those charged with governance with a statement that we have complied with relevant ethical requirements regarding independence, and to communicate with them all relationships and other matters that may reasonably be thought to bear on our independence, and where applicable, related safeguards.
We also performed procedures in accordance with the circular No CIR/CFD/CMD1/44/2019 issued by the Securities and Exchange Board of India under Regulation 33(8) of the Listing Regulations, to the extent applicable.
Other Matters
a. The consolidated annual financial results include the audited financial results of 13 subsidiaries, whose financial statements reflect total assets (before consolidation adjustments) of Rs. 15,796.90 million as at 31 March 2026, total revenue (before consolidation adjustments) of Rs. 16,168.81 million and total net profit after tax (before consolidation adjustments) of Rs. 1,451.36 million and net cash inflows (before consolidation adjustments) of Rs. 14.38 million for the year ended on that date, as considered in the consolidated annual financial results, which have been audited by their respective independent auditors. The independent auditor's reports on financial statements of these entities have been furnished to us by the management.
Our opinion on the consolidated annual financial results, in so far as it relates to the amounts and disclosures included in respect of these entities, is based solely on the reports of such auditors and the procedures performed by us are as stated in paragraph above.
Certain of these subsidiaries are located outside India whose financial statements have been prepared in accordance with accounting principles generally accepted in their respective countries and which have been audited by other auditors under generally accepted auditing standards applicable in their respective countries. The Holding Company's management has converted the financial statements of such subsidiaries located outside India from accounting principles generally accepted in their respective countries to accounting principles generally accepted in India. We have audited these conversion adjustments made by the Holding Company's management. Our opinion in so far as it relates to the balances and affairs of such subsidiaries located outside India is based on the reports of other auditors and the conversion adjustments prepared by the management of the Holding Company and audited by us.
Our opinion on the consolidated annual financial results is not modified in respect of the above matter with respect to our reliance on the work done and the reports of the other auditors.
b. The consolidated annual financial results include the unaudited financial results of 8 subsidiaries,
Page 3 of 6
whose financial information reflects total assets (before consolidation adjustments) of Rs. 2,900.45 million as at 31 March 2026, total revenue (before consolidation adjustments) of Rs. 3,576.81 million, total net profit after tax (before consolidation adjustments) of Rs. 252.10 million and net cash inflows (before consolidation adjustments) of Rs. 514.43 million for the year ended on that date, as considered in the consolidated annual financial results. These unaudited financial information have been furnished to us by the Board of Directors. The consolidated annual financial results also include the Group's share of total net loss after tax of Rs. 373.17 million for the year ended 31 March 2026, as considered in the consolidated annual financial results, in respect of one associate and one joint venture. These unaudited financial information have been furnished to us by the Board of Directors.
Our opinion on the consolidated annual financial results, in so far as it relates to the amounts and disclosures included in respect of these subsidiaries, associate and joint venture is based solely on such financial statements. In our opinion and according to the information and explanations given to us by the Board of Directors, these financial statements are not material to the Group.
Our opinion on the consolidated annual financial results is not modified in respect of the above matter with respect to the financial statements certified by the Board of Directors.
c. The consolidated annual financial results include the results for the quarter ended 31 March 2026 being the balancing figure between the audited figures in respect of the full financial year and the published unaudited year to date figures up to the third quarter of the current financial year which were subject to limited review by us.
For B S R & Co. LLP
Chartered Accountants
Firm's Registration No.:101248W/W-100022
SHIRAZ AZIZ VASTANI
Digitally signed by
SHIRAZ AZIZ VASTANI
Date: 2026.05.06
12:08:20 +05'30'
Shiraz Vastani
Partner
Pune
06 May 2026
Membership No.: 103334
UDIN:26103334YHIAKU9060
Page 4 of 6
KPIT Technologies Limited
Annexure I
List of entities included in consolidated annual financial results.
| Sr. No | Name of component | Relationship |
|---|---|---|
| 1 | KPIT Technologies (UK) Limited | Subsidiary |
| 2 | KPIT (Shanghai) Software Technology Co. Limited | Subsidiary |
| 3 | KPIT Technologies Netherland B.V. | Subsidiary |
| 4 | KPIT Technologies GmbH | Subsidiary |
| 5 | KPIT Technologies LTDA. | Subsidiary |
| 6 | MicroFuzzy Industrie-Elektronic GmbH | Subsidiary |
| 7 | KPIT Technologies GK | Subsidiary |
| 8 | KPIT Technologies Inc. | Subsidiary |
| 9 | KPIT Technologies Holding Inc. | Subsidiary |
| 10 | KPIT Tech (Thailand) Co., Limited | Subsidiary |
| 11 | PathPartner Technology Private Limited | Subsidiary |
| 12 | PathPartner Technology Inc. | Subsidiary |
| 13 | PathPartner Technology GmbH (liquidated on 2 October 2024) | Subsidiary |
| 14 | Somit Solutions Limited | Subsidiary |
| 15 | Somit Solutions Inc. | Subsidiary |
| 16 | KPIT Technologies S.A.S | Subsidiary |
| 17 | Technica Engineering GmbH | Subsidiary |
| 18 | Technica Electronics Barcelona, S.L. | Subsidiary |
| 19 | Technica Engineering Spain S.L. | Subsidiary |
| 20 | Technica Engineering Inc. | Subsidiary |
| 21 | FMS Future Mobility Solutions GmbH (merged with KPIT Technologies GmbH with effect from 3 September 2024) | Subsidiary |
| 22 | KPIT Technologies Limited Employee Welfare Trust (ESOP Trust) | Subsidiary |
| 23 | KPIT Engineering SUARL | Subsidiary |
| 24 | KPIT Technologies AB | Subsidiary |
| 25 | Caresoft Engineering Services Limited (with effect from 15 August 2025) | Subsidiary |
| 26 | Caresoft Global Technologies Inc. (with effect from 15 August 2025) | Subsidiary |
Independent Auditor's Report (Continued)
KPIT Technologies Limited
| Sr. No | Name of component | Relationship |
|---|---|---|
| 27 | CAREGLOTECH, S. de R.L. de C.V. (with effect from 15 August 2025) | Subsidiary |
| 28 | OXI SRL (with effect from 10 October 2025) | Subsidiary |
| 29 | N-Dream AG (upto 06 October 2025) | Associate |
| 30 | N-Dream AG (with effect from 07 October 2025) | Subsidiary |
| 31 | Qorix GmbH | Joint venture |
| 32 | Qorix India Private Limited | Subsidiary of Joint venture |
Page 6 of 6
| KPIT TECHNOLOGIES LIMITED Registered & Corporate Office : Plot-17, Rajiv Gandhi Infotech Park, MIDC-SEZ, Phase-III, Maan, Hinjawadi, Taluka - Mulshi, Pune - 411057 Phone : +91 20 6770 6000 | [email protected] | www.kpit.com | CIN : L74999PN2018PLC174192 |
|---|---|---|---|
| PART I: STATEMENT OF AUDITED STANDALONE FINANCIAL RESULTS FOR THE QUARTER AND YEAR ENDED 31 MARCH 2026 | |||
| ₹ in million (except per share data) | |||
| Particulars | Quarter ended | Year ended | |
| 31 March 2026 (Audited) (Refer note 11) | 31 December 2025 (Unaudited) | 31 March 2025 (Audited) (Refer note 11) | 31 March 2026 (Audited) |
| Revenue from operations | 7,034.34 | 6,058.68 | 6,495.83 |
| Other income (Refer note 3, 4, 5 and 6) | 275.92 | 11.43 | 84.74 |
| Total Income | 7,310.26 | 6,070.11 | 6,580.57 |
| Expenses | |||
| Cost of materials consumed | - | 0.02 | 1.99 |
| Employee benefits expense | 3,667.99 | 3,648.25 | 3,904.30 |
| Finance costs | 43.06 | 55.29 | 27.47 |
| Depreciation and amortisation expense | 408.16 | 407.63 | 324.64 |
| Other expenses (Refer note 3) | 1,170.18 | 799.54 | 591.37 |
| Total expenses | 5,289.39 | 4,910.73 | 4,849.77 |
| Profit before exceptional items and tax | 2,020.87 | 1,159.38 | 1,730.80 |
| Exceptional items | |||
| Statutory impact of New Labour Codes (Refer note 7) | - | 577.14 | - |
| Profit before tax | 2,020.87 | 582.24 | 1,730.80 |
| Tax expense | |||
| Current tax | 673.24 | 207.13 | 395.45 |
| Deferred tax (benefit)/charge | (123.21) | (128.74) | 14.21 |
| Total tax expense | 550.03 | 78.39 | 409.66 |
| Profit for the period/year | 1,470.84 | 503.85 | 1,321.14 |
| Other comprehensive income | |||
| A. (i) Items that will not be reclassified to profit or loss | 48.62 | 6.06 | 8.91 |
| (ii) Income tax on items that will not be reclassified to profit or loss | (15.88) | (2.12) | (3.11) |
| B. (i) Items that will be reclassified to profit or loss | (302.12) | 429.80 | (78.40) |
| (ii) Income tax on items that will be reclassified to profit or loss | 52.07 | (150.19) | 27.40 |
| Total other comprehensive income/(loss), net of tax | (217.31) | 283.55 | (45.20) |
| Total comprehensive income for the period/year | 1,253.53 | 787.40 | 1,275.94 |
| Paid-up equity share capital (face value of ₹ 10 per share) | 2,722.27 | 2,721.44 | 2,717.02 |
| Other equity | |||
| Earnings per equity share (face value of ₹ 10 per share)* | |||
| Basic | 5.40 | 1.85 | 4.86 |
| Diluted | 5.37 | 1.84 | 4.83 |
| *EPS are not annualised for the interim periods. |
| KPIT TECHNOLOGIES LIMITED Registered & Corporate Office : Plot-17, Rajiv Gandhi Infotech Park, MIDC-SEZ, Phase-III, Maan, Hinjawadi, Taluka - Mulshi, Pune - 411057 Phone : +91 20 6770 6000 | [email protected] | www.kpit.com | CIN : L74999PN2018PLC174192 |
|---|---|---|---|
| PART II: STANDALONE BALANCE SHEET ₹ in million | |||
| Particulars | 31 March 2026 (Audited) | 31 March 2025 (Audited) | |
| A | ASSETS | ||
| 1 | Non-current assets | ||
| a. | Property, plant and equipment | 1,799.35 | 1,777.95 |
| b. | Right-of-use assets | 1,723.47 | 1,694.96 |
| c. | Capital work-in-progress | 2.91 | 93.07 |
| d. | Other intangible assets | 248.09 | 314.36 |
| e. | Intangible assets under development | - | 0.45 |
| f. | Financial assets | ||
| Investments | 19,048.10 | 12,107.20 | |
| Other financial assets | 149.76 | 126.16 | |
| g. | Deferred tax assets (net) | 704.47 | 246.22 |
| h. | Non-current tax assets (net) | 290.39 | 138.95 |
| i. | Other non-current assets | 65.05 | 1.92 |
| Total non-current assets | 24,031.59 | 16,501.24 | |
| 2 | Current assets | ||
| a. | Financial assets | ||
| Investments | 3.01 | 1,662.54 | |
| Trade receivables | |||
| Billed | 3,943.36 | 3,299.76 | |
| Unbilled | 774.26 | 543.37 | |
| Cash and cash equivalents | 314.16 | 1,332.04 | |
| Bank balances other than cash and cash equivalents above | 223.74 | 404.49 | |
| Other financial assets | 632.84 | 1,099.72 | |
| b. | Other current assets | 822.19 | 491.47 |
| Total current assets | 6,713.56 | 8,833.39 | |
| TOTAL ASSETS | 30,745.15 | 25,334.63 | |
| B | EQUITY AND LIABILITIES | ||
| Equity | |||
| a. | Equity share capital | 2,722.27 | 2,717.02 |
| b. | Other equity | 19,968.10 | 16,801.58 |
| Total equity | 22,690.37 | 19,518.60 | |
| Liabilities | |||
| 1 | Non-current liabilities | ||
| a. | Financial liabilities | ||
| Lease liabilities | 1,180.97 | 1,172.32 | |
| b. | Provisions | 1,221.89 | 599.36 |
| Total non-current liabilities | 2,402.86 | 1,771.68 | |
| 2 | Current liabilities | ||
| a. | Financial liabilities | ||
| Borrowings | - | 0.59 | |
| Lease liabilities | 395.73 | 258.50 | |
| Trade payables | |||
| (i) Total outstanding dues of micro enterprises and small enterprises | 63.91 | 18.53 | |
| (ii) Total outstanding dues of creditors other than micro enterprises and small enterprises | 1,121.56 | 1,000.64 | |
| Other financial liabilities | 1,133.02 | 561.24 | |
| b. | Other current liabilities | 2,332.11 | 1,881.73 |
| c. | Provisions | 238.40 | 293.37 |
| d. | Current tax liabilities (net) | 367.19 | 29.75 |
| Total current liabilities | 5,651.92 | 4,044.35 | |
| Total liabilities | 8,054.78 | 5,816.03 | |
| TOTAL EQUITY AND LIABILITIES | 30,745.15 | 25,334.63 |
Registered & Corporate Office : Plot-17, Rajiv Gandhi Infotech Park, MIDC-SEZ, Phase-III, Maan, Hinjawadi, Taluka - Mulshi, Pune - 411057
Select explanatory notes to the Statement of Audited Standalone Financial Results for the quarter and year ended 31 March 2026
-
The above audited standalone financial results have been reviewed by the Audit Committee and thereafter approved and taken on record by the Board of Directors in their meetings held on 6 May 2026. These audited standalone financial results have been prepared in accordance with the Indian Accounting Standards ("Ind-AS") as per the Companies (Indian Accounting Standards) Rules, 2015, as amended from time to time, notified under section 133 of the Companies Act, 2013 ("Act") and other relevant provisions of the Act.
-
The Statutory auditors of the Company have audited the above standalone financial results of the Company for the year ended 31 March 2026. An unqualified audit opinion has been issued by them thereon.
-
Details of foreign exchange gain/loss included in above results:
| Particulars | Quarter ended | Year ended | |||
|---|---|---|---|---|---|
| 31 March 2026 | |||||
| (Audited) | |||||
| (Refer note 11) | 31 December 2025 | ||||
| (Unaudited) | 31 March 2025 | ||||
| (Audited) | |||||
| (Refer note 11) | 31 March 2026 | ||||
| (Audited) | 31 March 2025 | ||||
| (Audited) | |||||
| Foreign exchange gain (net) included in other income | - | - | 36.49 | - | 199.55 |
| Foreign exchange loss (net) included in other expenses | 164.16 | 167.83 | - | 570.02 | - |
-
On 23 March 2026, the Company sold its holding in N-Dream AG, to its wholly owned subsidiary, KPIT Technologies (UK) Limited for a total consideration of ₹ 750.71 million and a gain on sale of investment of ₹ 255.98 million is recognised under "Other income" in the Standalone Statement of Profit and Loss account.
-
During the year ended 31 March 2026, the Company has received dividend of ₹ 709.79 million and ₹ 500.00 million from its wholly-owned subsidiaries KPIT Technologies GK, Japan and PathPartner Technology Private Limited, India respectively.
-
During the year ended 31 March 2025, the Company had recognised a one-time taxable gain of ₹ 450.00 million on settlement of an insurance claim under "Other income" in the Standalone Statement of Profit and Loss account.
-
On 21 November 2025, the Government of India notified the four Labour Codes - the Code on Wages, 2019, the Industrial Relations Code, 2020, the Code on Social Security, 2020, and the Occupational Safety, Health and Working Conditions Code, 2020 - consolidating 29 existing labour laws. The Ministry of Labour & Employment published draft Central Rules and FAQs to enable assessment of the financial impact due to changes in regulations. The Company has assessed and disclosed the incremental impact of these changes on the basis of professional consultation obtained and the best information available, consistent with the guidance provided by the Institute of Chartered Accountants of India. Considering the materiality and regulatory-driven, non-recurring nature of this impact, the Company has presented an incremental impact on gratuity of ₹ 467.12 million and long-term compensated absences of ₹ 110.02 million as "Statutory impact of New Labour Codes" under "Exceptional items" in the Standalone Statement of Profit and Loss for the quarter ended 31 December 2025 and for the year ended 31 March 2026. The Company continues to monitor the finalisation of Central / State Rules and clarifications from the Government on other aspects of the Labour Code and would provide appropriate accounting effect on the basis of such developments as needed.
-
The scheme of amalgamation of PathPartner Technology Private Limited ("the Transferor Company"), with KPIT Technologies Limited ("the Transferee Company"), under Sections 230 to 232 and other applicable provisions of the Companies Act, 2013, was approved by the Board of Directors of the Transferor Company at its meeting held on 25 April 2025 and by the Board of Directors of the Transferee Company at its meeting held on 28 April 2025. The Company has filed an application before the Hon'ble National Company Law Tribunal and the same is pending for its approval.
The scheme of amalgamation aims to simplify the group structure, drive synergies, and enhance stakeholder value through consolidated operations and unified financial strength.
-
The Board of Directors at its meeting held on 6 May 2026, has recommended a final dividend of ₹ 5.25 per equity share for the year ended 31 March 2026, which is subject to the approval of shareholders at the Annual General Meeting.
-
Standalone Statement of Cash flows is attached in Annexure A.
Registered & Corporate Office : Plot-17, Rajiv Gandhi Infotech Park, MIDC-SEZ, Phase-III, Maan, Hinjawadi, Taluka - Mulshi, Pune - 411057
Select explanatory notes to the Statement of Audited Standalone Financial Results for the quarter and year ended 31 March 2026
11 The figures for the quarter ended 31 March 2026 and 31 March 2025 as reported in these financial results, are the balancing figures between the audited figures in respect of the full financial year and unaudited published year to date figures upto the end of the third quarter of the relevant financial years.
12 Where financial results contain both consolidated financial results and standalone financial results of the parent, segment information is required to be presented only in the consolidated financial results. Accordingly, segment information has been presented in the consolidated financial results.
13 The standalone results of the Company are available on the Company's website, www.kpit.com and also on the website of the BSE Limited, www.bseindia.com and National Stock Exchange of India Limited, www.nseindia.com, where the shares of the Company are listed.
For and on behalf of the Board of Directors of KPIT TECHNOLOGIES LIMITED
| Place: Pune | Date: 6 May 2026 |
|---|---|
| KISHOR PARSHURA M PATIL | Kishor Patil |
| CEO & Managing Director | |
| DIN: 00076190 | |
| Digitally signed by KISHOR PARSHURAM PATIL | |
| Date: 2026.05.06 11:55:58 +05'30' | SACHIN DATTATRAY TIKEKAR |
| Sachin Tikekar | |
| President & Joint Managing Director | |
| DIN: 02918460 |
8th floor, Business Plaza
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Mundhwa Road, Ghorpadi
Pune - 411 001, India
Telephone: +91 (20) 6747 7300
Fax: +91 (20) 6747 7100
Independent Auditor's Report
To the Board of Directors of KPIT Technologies Limited
Report on the audit of the Standalone Annual Financial Results
Opinion
We have audited the accompanying standalone annual financial results of KPIT Technologies Limited (hereinafter referred to as the "Company") for the year ended 31 March 2026, attached herewith, (in which are included financial statements an Employee Stock Option Plan (ESOP) trust) being submitted by the Company pursuant to the requirement of Regulation 33 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended ("Listing Regulations").
In our opinion and to the best of our information and according to the explanations given to us, the aforesaid standalone annual financial results:
a. are presented in accordance with the requirements of Regulation 33 of the Listing Regulations in this regard; and
b. give a true and fair view in conformity with the recognition and measurement principles laid down in the applicable Indian Accounting Standards, and other accounting principles generally accepted in India, of the net profit and other comprehensive loss and other financial information for the year ended 31 March 2026.
Basis for Opinion
We conducted our audit in accordance with the Standards on Auditing ("SAs") specified under section 143(10) of the Companies Act, 2013 ("the Act"). Our responsibilities under those SAs are further described in the Auditor's Responsibilities for the Audit of the Standalone Annual Financial Results section of our report. We are independent of the Company, in accordance with the Code of Ethics issued by the Institute of Chartered Accountants of India together with the ethical requirements that are relevant to our audit of the financial statements under the provisions of the Act, and the Rules thereunder, and we have fulfilled our other ethical responsibilities in accordance with these requirements and the Code of Ethics. We believe that the audit evidence obtained by us, is sufficient and appropriate to provide a basis for our opinion on the standalone annual financial results.
Management's and Board of Directors'/Board of Trustees' Responsibilities for the Standalone Annual Financial Results
These standalone annual financial results have been prepared on the basis of the standalone annual financial statements.
The Company's Management and the Board of Directors are responsible for the preparation and presentation of these standalone annual financial results that give a true and fair view of the net profit/ loss and other comprehensive income and other financial information in accordance with the recognition and measurement principles laid down in Indian Accounting Standards prescribed under Section 133 of the Act and other accounting principles generally accepted in India and in compliance with Regulation 33 of the Listing Regulations. The respective Management and Board of Directors of the company/Board of Trustees of the ESOP trust are responsible for maintenance of adequate accounting records in accordance with the provisions of the Act for safeguarding of the assets of each company/ESOP trust and for preventing and detecting frauds and other irregularities; selection and application of appropriate
B S R & Co. (a partnership firm with Registration No. BA61223) converted into B S R & Co. LLP (a Limited Liability Partnership with LLP Registration No. AAB-8181) with effect from October 14, 2013
Registered Office:
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accounting policies; making judgments and estimates that are reasonable and prudent; and the design, implementation and maintenance of adequate internal financial controls, that were operating effectively for ensuring accuracy and completeness of the accounting records, relevant to the preparation and presentation of the standalone annual financial results that give a true and fair view and are free from material misstatement, whether due to fraud or error.
In preparing the standalone annual financial results, the respective Management and the Board of Directors/Board of Trustees are responsible for assessing each company/ESOP trust's to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the respective Board of Directors/Board of Trustees either intends to liquidate the company/ESOP trust or to cease operations, or has no realistic alternative but to do so.
The respective Board of Directors/Board of Trustees are responsible for overseeing the financial reporting process of each company/ESOP trust.
Auditor's Responsibilities for the Audit of the Standalone Annual Financial Results
Our objectives are to obtain reasonable assurance about whether the standalone annual financial results as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with SAs will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these standalone annual financial results.
As part of an audit in accordance with SAs, we exercise professional judgment and maintain professional skepticism throughout the audit. We also:
- Identify and assess the risks of material misstatement of the standalone annual financial results, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control.
- Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances. Under Section 143(3) (i) of the Act, we are also responsible for expressing our opinion through a separate report on the complete set of financial statements on whether the company has adequate internal financial controls with reference to financial statements in place and the operating effectiveness of such controls.
- Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures in the standalone annual financial results made by the Management and Board of Directors.
- Conclude on the appropriateness of the Management's and Board of Directors' use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the appropriateness of this assumption. If we conclude that a material uncertainty exists, we are required to draw attention in our auditor's report to the related disclosures in the standalone annual financial results or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor's report. However, future events or conditions may cause the Company to cease to continue as a going concern.
- Evaluate the overall presentation, structure and content of the standalone annual financial results, including the disclosures, and whether the standalone annual financial results represent the underlying transactions and events in a manner that achieves fair presentation.
- Obtain sufficient appropriate audit evidence regarding the financial statements of the ESOP trust of the Company to express an opinion on the standalone annual financial results. For the ESOP trust included in the standalone annual financial results, which has been audited by other auditor, such other auditor remain responsible for the direction, supervision and performance of the audit carried
Page 2 of 3
out by them. We remain solely responsible for our audit opinion. Our responsibilities in this regard are further described sub paragraph no. (a) of the “Other Matters” paragraph in this audit report.
We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit.
We also provide those charged with governance with a statement that we have complied with relevant ethical requirements regarding independence, and to communicate with them all relationships and other matters that may reasonably be thought to bear on our independence, and where applicable, related safeguards.
Other Matters
a. The standalone annual financial results include the audited financial results of an ESOP trust, whose financial statements reflect total assets (before consolidation adjustments) of Rs. 660.33 million as at 31 March 2026, total revenue (before consolidation adjustments) of Rs. Nil and total net profit after tax (before consolidation adjustments) of Rs. 23.26 million, and net cash outflows (before consolidation adjustments) of Rs. 20.17 million for the year ended on that date, as considered in the standalone annual financial results, which has been audited by its other auditor. The other auditor's report on financial statements of this ESOP trust has been furnished to us by the management.
Our opinion on the standalone annual financial results, in so far as it relates to the amounts and disclosures included in respect of this ESOP trust, is based solely on the report of such auditor.
Our opinion is not modified in respect of this matter.
b. The standalone annual financial results include the results for the quarter ended 31 March 2026 being the balancing figure between the audited figures in respect of the full financial year and the published unaudited year to date figures up to the third quarter of the current financial year which were subject to limited review by us.
For B S R & Co. LLP
Firm's Registration No.:101248W/W-100022
SHIRAZ AZIZ VASTANI
Digitally signed by
SHIRAZ AZIZ
VASTANI
Date: 2026.05.06
12:06:25 +05'30'
Shiraz Vastani
Partner
Pune
06 May 2026
Membership No.: 103334
UDIN:26103334NYNESK9021
Page 3 of 3
KPIT
May 6, 2026
BSE Limited
Phiroze Jeejeebhoy Towers,
Dalal Street,
Mumbai - 400001.
Scrip ID: KPITTECH
Scrip Code: 542651
Kind Attn: The Manager,
Department of Corporate Services
National Stock Exchange of India Ltd.,
Exchange Plaza, C/1, G Block,
Bandra - Kurla Complex, Bandra (E),
Mumbai - 400051.
Symbol: KPITTECH
Series: EQ
Kind Attn: The Manager,
Listing Department
Dear Sir / Madam,
Subject: - Declaration pursuant to Regulation 33(3)(d) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 [the SEBI (LODR) Regulations].
We, Kishor Patil, CEO & Managing Director and Priyamvada Hardikar, Chief Financial Officer of KPIT Technologies Limited, having its Registered Office at Plot No. 17, Rajiv Gandhi Infotech Park, MIDC-SEZ, Phase - III, Maan, Taluka- Mulshi, Hinjawadi, Pune - 411057, India, hereby declare that, the Statutory Auditors of the Company, B S R & Co. LLP (FRN: 101248/W100022) have issued an Audit Report with unmodified opinion on the Audited Financial Results of the Company (Consolidated & Standalone) for the quarter and year ended March 31, 2026.
This declaration is given in compliance to Regulation 33(3)(d) of the SEBI (LODR) Regulations, 2015 read with SEBI Master Circular no HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026.
Kindly take this declaration on record.
Thanking you.
Yours faithfully,
For KPIT Technologies Limited
KEPIT Technologies Ltd.
Registered & Corporate Office: Plot No. 17, Rajiv Gandhi Infotech Park, MIDC-SEZ,
Phase-III, Maan, Taluka-Mulshi, Hinjawadi, Pune-411057, India.
CIN: L74999PN2018PLC174192
Chief Financial Officer
KPIT Technologies Ltd.
Registered & Corporate Office: Plot No. 17, Rajiv Gandhi Infotech Park, MIDC-SEZ,
Phase-III, Maan, Taluka-Mulshi, Hinjawadi, Pune-411057, India.
CIN: L74999PN2018PLC174192
0 +91 20 6770 6000
E [email protected]
W kpit.com
To,
National Stock Exchange of India Limited
Exchange Plaza, C/1, G Block,
Bandra - Kurla Complex,
Bandra (E), Mumbai – 400051.
Kind Attn: The Manager, Listing Department
Subject: - Audited financial results of KPIT Technologies Limited (“the Company”) for the quarter and year ended March 31, 2026.
With reference to the captioned subject, we wish to submit that there is a difference of Rs. 19.17 million in the paid-up equity share capital of the Company as reported in the shareholding pattern submitted for the quarter ended March 31, 2026 (Rs. 2,741.43 million) and audited financial results for the quarter and year ended March 31, 2026 (Rs. 2,722.27 million) on account of elimination of shares held by KPIT Technologies Employees Welfare Trust (the “Trust”) as the Company consolidates the financials of the Trust. The Trust holds 1.92 million equity shares in the Company (total face value of Rs. 19.17 million Rs. 10/- per share) as on March 31, 2026.
Request you to please take note of the same.
Ashish Malhotra
General Counsel & Company Secretary
