KPIT Technologies Ltd — Interim / Quarterly Report 2026

Nov 10, 2025

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November 10, 2025

BSE Limited Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai - 400001.

National Stock Exchange of India Ltd., Exchange Plaza, C/1, G Block, Bandra - Kurla Complex, Bandra (E), Mumbai – 400051.

Scrip ID: KPITTECH Scrip Code: 542651

Symbol: KPITTECH Series: EQ

Kind Attn: The Manager, Department of Corporate Services

Kind Attn: The Manager, Listing Department

• Subject: Investor Update – Q2 FY 2026. Dear Sir / Madam,

Please find enclosed the investor Update – Q2 FY 2026.

Kindly take the same on your records. Thanking you. Yours faithfully, For KPIT Technologies Limited

ASHISH Digitally signed by ASHISH MALHOTRA MALHOTRA Date: 2025.11.10 13:39:58 +05'30' Ashish Malhotra General Counsel & Company Secretary

Encl.: - as above

O +91 20 6770 6000 E ~~Maan, Taluka-M~~ info@kpit.comulshi, W kpit.com

KPIT Technologies Limited O +91 20 6770 6000 Registered & Corporate Office: Plot No. 17, Rajiv Gandhi Infotech Park, MIDC-SEZ, Phase-III, E ~~Maan, Taluka-M~~ info@kpit.comulshi, Hinjawadi, Pune-411057, India. W kpit.com CIN: L74999PN2018PLC174192

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November 10, 2025

Forward Looking Statements

Some of the statements in this update that are not historical facts, are forward-looking statements. These forward-looking statements include our financial and growth projections, as well as statements concerning our plans, strategies, intentions and beliefs concerning our business and the markets in which we operate. These statements are based on information currently available to us, and we assume no obligation to update these statements as circumstances change. There are risks and uncertainties that could cause actual events to differ materially from these forward-looking statements. These risks include, but are not limited to, the level of market demand for our services, the competitive market for the type of services and solutions that we offer, market conditions that could cause our clients to reduce their spending for our services, our ability to create, acquire and build new businesses and to grow our existing businesses, our ability to attract and retain qualified personnel, currency fluctuations and market conditions in India and elsewhere around the world, and other risks not specifically mentioned herein but those that are common to industry. In certain cases, the numbers reported in this update might be rounded off to the nearest whole number.

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Performance Overview

Q2FY26

Reimagining Mobility with YOU

Performance Overview

1 M Q2FY26 reported $ QoQ growth of 1.8% 1 Revenue Growth in connected, autonomous, CVs and Europe

Q2FY26 ₹ YoY Growth of 7.9%, $ YoY growth of 4.4%

2 Profits

Q2FY26 EBITDA YoY growth 9.4%, QoQ growth 3.5% Q2FY26 EBIT at 16.4%

Q2FY26 EBITDA margin expands to 21.1%

Cash and Q2FY26 closing net cash at ₹ 10,364 million 3 DSO Q2FY26 DSO stood at 49 days Wins and $ 232M worth engagements closed in the quarter 4 Pipeline Pipeline continues to be robust

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Performance Highlights

Net Profit (₹ million)	Q2FY26	Q2FY25	Q1FY26	Growth (YoY)	Growth (QoQ)
Reported Profit	1,691	2,037	1,719	-17.0%	-1.6%
One-time Income	152	450	-	-	-
Tax on above item	-	157	-	-	-
Gain/ (Loss)from associate & JV	(227)	(43)	(51)
Sustainable Operational Profit	1,766	1,787	1,770	-1.2%	-0.2%

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growth
B
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01[Q2FY26][Y-o-Y][CC][growth][0.4%,][Q-o-Q][CC][growth][0.3%] Caresoft* consolidated for 2 mths, contributed to 2.5% Q-o-Q growth

02 Q2FY26 EBITDA margins 21.1%

Margins aided by operational efficiency and INR depreciation

03[Additional][Depreciation][in][Q2FY26][due][to][Caresoft][Intangibles] - amortization ₹43 M. Additional Finance Cost on Caresoft - - Deferred Consideration ₹47 M. One-time Associate Loss ₹60 M

Robust Cash Conversion continued in Q2FY26. Net Cash at ₹10.4 B 04 - as against ₹16.2 B last quarter, post Caresoft Payout ₹4,723 M, - - Helm investment ₹880 M and Dividend payout ₹1,632 M

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*Excluding Caresoft Italy entity, which shall be done in Q3FY26

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• N-Dream revenues are not consolidated in Q2FY26

Additional facts - timeseries

Revenue $ Million

[74][77][80][84][87][90][94] 65 65[70]

[173 176][177][178][181]

[165]

[145][149][159]

[134] 110[124]

Consistent Performance

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21 Consecutive Quarters of Steady Revenue Growth

EBITDA ₹ Billion

[2.9]

[2.7]

[2.6]

[2.4]

[2.2]

[1.9]

[0.9][1.0][1.0][1.2][1.2][1.3][1.4][1.7] 0.7 0.7[0.8]

3.1[3.2 3.2][3.4][3.1]

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21 Consecutive Quarters of Steady EBITDA Growth

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Management Quotes

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Kishor Patil, Co-founder, CEO and MD, KPIT said, “ Despite ongoing global uncertainties, we are seeing signs of renewed optimism in the mobility ecosystem. Our strategic investments, such as the Caresoft Engineering Solutions Business acquisition closure in Q2 and the stake increase in NDream coupled with the investment in helm.ai in Q3, are strengthening our foundation and expanding our capabilities. As the industry accelerates toward software-defined vehicles, KPIT’s focus on next-generation technologies, AI-driven solutions, and deep client partnerships positions us to lead this transformation. We remain committed to delivering value to our clients globally and we have invested deeply in AI led new technologies, adjacencies in mobility and new markets to give us sustainable growth in the medium term. We are confident about a better H2 and a promising FY27.”

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Sachin Tikekar, Co-founder and Joint MD, KPIT said, “KPITs’ trusted partnerships with clients’ continue to deepen, as we help them navigate an evolving business landscape. The consolidation of our recent and our investments in talent and AI are acquisitions upskilling enabling us respond swiftly to client needs and deliver innovative solutions at scale. We continue to make investments for transforming our business from services to solutions that solve client problems faster, cheaper and better. OEMs are seeking partners who can take full ownership of programs and deliver end-to-end solutions. Our investments in adjacencies have started paying off where we are winning strategic engagements and pacing up to created reliable partnerships. As we move into the second half of the year, we are well-positioned to capture new opportunities and resume our growth momentum.”

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Cash Flow – Major Movement

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₹ M
Increase in Working
–
Capital 8,058
–
Capex 548
–
Caresoft payout 4,723
Helm payout – 880
Dividend payout – 1,632
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Cash and Cash Equivalents break-up	₹ M
In Investment Accounts (in India)	2,403
In Investment Accounts (outside India)	1,750
In Operating Accounts	7,681
TOTAL	11,834

NET CASH (₹ M)	Q2FY26	Q1FY26
Gross Cash	11,834	16,233
Long Term Debt	NIL	NIL
Short Term Debt	1,470*	12
NET CASH	10,364	16,220

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DSO Q2FY26 end : 49 Days

• Short-Term Working Capital Loan. Plan to repay by end of the year.

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Strategic Large Engagement

KPIT to accelerate innovation and delivery in European OEM groups’ SDV transformation

• Long term, Multi-Million-Dollar partnership to drive scale, speed and efficiency in roll out of next-generation mobility technologies

• Global engagement spans across vehicle domains and technologies including Infotainment, Propulsion, Vehicle Engineering, Body & Chassis; Middleware & Cloud

• KPIT Solutions ( including multiple Platforms, Tools, and Accelerators and AI Powered enhancements) will be critical components of this engagement to accelerate delivery, bringing speed and innovation to the forefront

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New Engagements

Strong Wins - TCV of new engagements won during Q2FY26 : $ 232 million

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A Leading European Car Manufacturer selected KPIT for strategic engagements in the middleware domain.

Multiple engagements in connected and body electronics domains for a leading European Car Manufacturer.

Multiple engagements in the vehicle diagnostics and connected domains with a leading American Car Manufacturer.

Strategic engagements in the middleware, powertrain and body electronics domains with a leading American Commercial Vehicle OEM.

A leading European Car Manufacturer selected KPIT for multiple engagements in the electric powertrain, connected and autonomous domains

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The TCV of new engagements won in Q2FY26 includes some wins from the Strategic Engagement

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FY26 and beyond

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Pipeline and Deal Wins

Robust pipeline growth and healthy deal wins in the last 2 quarters. Transformative large engagements won, which will contribute to revenue growth in H2 of FY26

Healthy Deal Wins and Strong Pipeline

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AI

Client solutions: AI Native Client Engagements. Reimagining s/w development lifecycle with AI interventions.

Talent upskilling: Mandatory AI courses for all employees, with a strong focus on experimentation and adoption.

Significant investments in on-premise hardware to ensure client confidentiality

Robust medium term growth opportunities

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Expanding horizons

New vehicle programs in existing partnerships, addition of new logos, expanding into new geographic markets, mobility adjacencies like off-highway, solutions on cost reduction and cybersecurity will propel medium-term growth. Focus on China and India markets.

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Profitability

Focus on productivity improvement with AI, Revenue movement towards fixed price and solution led business, Average cost reduction by pyramid optimization

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Other Updates Sir, attachments ?

Q2FY26

Reimagining Mobility with YOU

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Keynote at the Nasscom Design and Engineering Summit 2025

At the NASSCOM Design and Engineering Summit 2025, Kishor Patil, CEO & MD, delivered a keynote on how India can lead the next frontier of engineering innovation. He emphasized the need for agile ecosystems, higher R&D investment, and stronger collaboration across industry, academia, and startups and underlined that the growth of the ER&D sector will depend on how effectively we innovate, invest, and co-create for the future.

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KPIT Shares Insights on AI's Impact at Gerpisa Colloquium 2025, Shanghai

At a recent industry panel, Dr. Renjie Zhang (CEO, KPIT China) joined leaders from DreamSmart, SemiDrive, Sunic Capital, and Xinjinshan Industrial. Dr. Zhang shared his “AI Automotive Inflection Point Formula,” highlighting the convergence of technology, policy, and ecosystems in driving innovation.

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Shaping the Future of Mobility at IAA Mobility 2025, Munich

KPIT Hosted its First Yellow Forum at IAA Mobility

For the first time, KPIT hosted an exclusive evening at the Yellow Forum in Munich, bringing together senior leaders from the global automotive ecosystem for curated discussions on chip-to-cloud architectures, AI across the vehicle lifecycle, and China’s growing influence in mobility innovation. The event fostered meaningful dialogue and collaboration across the ecosystem.

KPIT Joined a Panel to Discuss Mobility Opportunities Across ASEAN at PwC Smart Mobility Space

At the PwC Smart Mobility Space, Mohit Kochar (Sr. VP and CMO, KPIT) joined industry leaders to explore the evolving mobility landscape across ASEAN-6. He emphasized the growing importance of software and digital capabilities as the region accelerates toward electrification and software-defined vehicles, while highlighting ASEAN’s emergence as an innovation hub and its synergy with India.

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Recognition for Leadership and DEI Initiatives at Reuters DRIVE Honors USA

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Recognition for our Technology initiatives in Treasury function under the category “Innovation” by IMA CFO forum

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KPIT Treasury Function leadership declared a winner and unanimously selected as a part of the CFONEXT100 2025 Roll of Honor

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KPIT Partners with COEP to Launch Advanced Embedded Systems Lab

KPIT, in partnership with COEP Technological University, inaugurated the KPIT APEX Lab (Advanced Platform for Embedded eXpertise), a dedicated space for research, skill-building, and hands-on learning in embedded systems. Aligned with NEP 2020, the lab bridges academic learning with industry application and promotes shared infrastructure, curriculum development, and faculty upskilling across partner institutions.

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Supporting Young Engineers at TUfast e.V. Racing Event

KPIT participated in the Prime Fair hosted by the TUfast e.V. Racing Team at the Technical University of Munich (Technische Universität München). As a long-standing supporter of TUfast, our team engaged with students across engineering disciplines, discussing topics such as electric mobility, software-defined vehicles, and innovation in the automotive industry.

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KPIT and Technica at IKOM Career Fair, Technical University of Munich

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KPIT Explores Networking Opportunities as Sponsor of Gladiator Fightnight in Ingolstadt

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WATCH HIGHLIGHTS

Festive Cheer and Tradition Mark Onam Celebrations in Kochi

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KPIT’s flagship CSR initiative, Chhote Scientists Featured on CSR Universe

KPIT’s flagship CSR initiative, Chhote Scientists, continues to make science accessible and exciting for children across India. In a recent CSR Universe feature, Tushar Juvekar, Lead – CSR Initiatives, shared how the initiative is empowering firstgeneration learners and demonstrating that science can be simple, inclusive, and transformative.

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Summer Interns in Michigan Contribute to Local Education through Operation Backpack

As part of our commitment to community engagement, KPIT’s summer interns in Southfield, MI, volunteered with Operation Backpack by Volunteers of America Michigan. They spent the day organizing supplies and packing backpacks for students in need, spreading smiles and helping young learners start their school year strong.

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Volunteers and Partners Unite to Prevent Homelessness in Columbus

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Historic Inspiration Meets Sustainability in Tunisia Team Outing to El Jem Colosseum

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Financial & Data Operational

Snapshot Reimagining Mobility with YOU

INR MN

Profit & Loss AccountSnapshot

Profit & Loss AccountSnapshot	INR MN
DETAILS Q2FY26 Q1FY26 Q2FY25	This includes Forex Loss of_₹_ 144.36 million which is not included in EBITDA
Revenue from Operations 15,877.11 15,387.61 14,714.13
Other Income 233.88 154.88 514.77
Total Income 16,110.99 15,542.49 15,228.89
Operating Expenses 12,670.52 12,388.85 11,696.59
EBITDA 3,350.95 3,239.06 3,064.11
Depreciation 747.06 628.81 560.83
EBIT 2,603.89 2,610.25 2,503.28
Finance Costs 162.51 120.28 101.63
Change in FMV of Investments 1.91 4.72 4.22
Profit Before Exceptional Items 2,532.81 2,409.27 2,874.07
Profit/(loss) from equity accounted investee (227.16) (51.17) (42.94)
PBT 2,305.65 2,358.10 2,831.13
Tax 614.78 639.11 793.68
PAT 1,690.87 1,718.99 2,037.45
Profit Attributable to owners of Company 1,690.87 1,718.99 2,037.45
Profit Attributable to non-controlling interest - - -

This includes Forex Loss of ₹ 144.36 million which is not included in EBITDA

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INR MN

Balance Sheet Snapshot

Balance Sheet Snapshot ASSETS Q2FY26 Q1FY26	Balance Sheet Snapshot ASSETS Q2FY26 Q1FY26	Balance Sheet Snapshot ASSETS Q2FY26 Q1FY26		EQUITY & LIABILITIES	Q2FY26	Q1FY26
NON-CURRENT ASSETS				Equity Share Capital	2,720.61	2,719.25
Property, Plant & Equipment	2,580.43	2,523.61		Other Equity Equity attributable to owners	29,912.06 32,632.67	29,037.85 31,757.10
Right-of-use Assets	3,873.79	3,961.95		Non-controlling interests	-	-
Other Tangible Assets	3.39	45.19		TOTAL EQUITY	32,632.67	31,757.10
Goodwill & Other Intangibles	29,463.09	14,885.19		NON-CURRENT LIABILITIES
Other Non-Current Assets TOTAL NON-CURRENT	4,891.31 40,812.01	3,960.65 25,376.59		Borrowings Lease Liabilities Other Non-Current Liabilities	NIL 2,872.52 3,514.66	NIL 2,986.57 1,337.41
CURRENT ASSETS				TOTAL NON-CURRENT	6,387.18	4,323.98
Inventories	868.05	804.02		CURRENT LIABILITIES
Cash and Bank	11,834.43	16,232.73		Borrowings	1,470.43	12.49
Trade Receivables	8,859.50	7,233.24		Trade Payables	2,874.20	2,027.86
				Lease Liabilities	948.57	881.12
Other Current Assets	4,763.88	3,591.34
TOTAL CURRENT	26,325.86	27,861.33		Others TOTAL CURRENT	22,824.82 28,118.02	14,235.37 17,156.84
TOTAL ASSETS	67,137.87	53,237.92		TOTAL EQUITY AND LIABILITIES	67,137.87	53,237.92

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USD MN

Revenue Break-up

Verticals*	Q2FY26	Q1FY26	Q2FY25	Q-o-Q	Y-o-Y
Passenger Cars	143.57	145.42	139.08	(1.3)%	3.2%
Commercial Vehicles and Off-highway	31.40	26.32	28.65	19.3%	9.6%

• The balance revenues comefromothers,whichis not a big areaas of now

Business Units#	Q2FY26	Q1FY26	Q2FY25	Q-o-Q	Y-o-Y
Feature Development & Integration	109.93	105.79	103.35	3.9%	6.4%
Architecture & Middleware Consulting	31.22	35.85	40.60	(12.9)%	(23.1)%
Cloud Based Connected Services	39.73	36.13	29.23	10.0%	35.9%

• FeatureDevelopment& Integration- Electrification, AD-ADAS, Body Electronicsand VEDM Architecture & Middleware Consulting– Middleware,AUTOSAR

CloudBasedConnectedServices– IntelligentCockpit, Digital Connected SolutionsandDiagnostics

Geography	Q2FY26	Q1FY26	Q2FY25	Q-o-Q	Y-o-Y
US	49.57	51.87	47.59	(4.4)%	4.2%
Europe	89.02	78.83	84.46	12.9%	5.4%
Asia	42.28	47.07	41.13	(10.2)%	2.8%

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P&L Metrics

&L Metrics
Q2FY26 Q1FY26 Q2FY25 Q-o-Q Y-o-Y Revenue by Contract Type Time & Material Basis 35.2% 37.5% 43.3% (4.5)% (15.1)% Fixed Price Basis 64.8% 62.5% 56.7% 5.5% 19.4% Clients Strategic ClientRevenue 86.8% 87.4% 85.5% 1.1% 6.0% Revenue per Devp. Employee USD 60,083 60,901 56,558 R&D Expenditure (USD MN) 3.32 2.98 2.70 EBITDA Margin 21.1% 21.0% 20.8% EBIT Margin 16.4% 17.0% 17.0% PAT Margin 10.6% 11.2% 13.8% Effective Tax Rate 24.3% 26.5% 27.6% EPS (Basic) 6.22 6.32 7.51 EPS (Diluted) 6.18 6.28 7.45	Q2FY26	Q1FY26	Q2FY25	Q-o-Q	Y-o-Y
	35.2%	37.5%	43.3%	(4.5)%	(15.1)%
	64.8%	62.5%	56.7%	5.5%	19.4%
	86.8%	87.4%	85.5%	1.1%	6.0%
R&D Expenditure (USD MN)
EBITDA Margin
EBIT Margin
PAT Margin
Effective Tax Rate
EPS (Basic)
EPS (Diluted)

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Currency wise revenues, Hedging Details

Currency wise revenue USD	Q2FY26	Q1FY26	Q2FY25
	28.4%	29.6%	27.8%
EUR	39.5%	37.6%	41.8%
GBP	8.2%	6.1%	6.2%
JPY	18.7%	21.3%	18.7%
INR	2.8%	3.2%	3.6%
Others	2.4%	2.2%	1.9%

O/s Hedge Details	Q2FY26
Hedge Rates
USD/INR	88.16
EUR/INR	99.05
GBP/INR	113.88
JPY/INR	0.61
Hedge Amounts(Mn)
USD/INR	53.90
EUR/INR	67.50
GBP/INR	12.20
JPY/INR	8,500

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Headcount Data

Period End Headcount	Q2FY26	Q1FY26	Q2FY25	Q-o-Q	Y-o-Y
Development	12,042	11,676	12,248	-	-
Enabling & Sales	837	869	839	-	-
Total	12,879	12,545	13,087	-	-

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Contact Us

Reimagining Mobility with YOU

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Conference Call Details

Conference name : KPIT Technologies Q2 FY2026 Post Earnings Conference Call Date : Monday November 10, 2025 Time : 1730 Hrs. Participants : Mr. Kishor Patil, Co-founder, CEO & MD Mr. Sachin Tikekar, President, Joint MD Mr. Anup Sable, CTO Mrs. Priya Hardikar, CFO Mr. Chinmay Pandit, Whole-time Director & Head Americas Mr. Sunil Phansalkar, VP CF&G , Head-IR

Dial-in Numbers for all participants

: +91 22 6280 1116

Primary number : +91 22 7115 8017 Local Access

International Numbers[:][USA - 1 866][746][2133][|][UK][-][0][808][101][1573] Click here for your Diamond Pass Singapore - 800 101 2045 Hongkong - 800 964 448

About KPIT Technologies

KPIT (BSE: 542651; NSE: KPITTECH), KPIT is reimagining the future of mobility , forging ahead with group companies and partners to shape a world that is cleaner, smarter, and safer . With over 25 years of specialized expertise in Mobility , KPIT is accelerating the transformation towards Software and AIDefined Vehicles through its advanced solutions, platforms, and products—propelled by mobility-infused AI frameworks, software craftsmanship, and systems integration mastery.

Vision in Motion : Fueled by 2000+ vehicle production programs and powering 20+ million vehicles on the road with KPIT software , our experience is unmatched. At the same time, we push boundaries, developing solutions that enable Mobility OEMs to innovate at speed and scale.

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For more information, visit http://www.kpit.com

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Media Interactions

Tune into the TV channels below to listen to the KPIT Management Team speak more on KPIT Q2FY26 on 11th Nov , Tuesday, 2025

Channel	Time
CNBC TV 18	9:40 AM
ET Now	9:40 AM
NDTV Profit	9:40 AM
CNBC Awaaz	10:15 AM
ET Now Swadesh	10:35 AM
BTTV (Business Today TV)	11:00 AM

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All timings in India Standard Time

Contact

For Investor Queries

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Email

Sunil.Phansalkar@kpit.com

Desk Phone

• 91 20 6770 6997

Cell + 91 98509 66011

Website www.kpit.com

Sunil Phansalkar

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Contact

For Media Queries

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Email Sunil.R@kpit.com

Desk Phone + 91 80 6606 6000 (7865)

Cell + 91 99001 50180

Website www.kpit.com

Sunil B R

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THANK YOU !!

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KPIT Technologies Ltd.

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