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KPIT Technologies Ltd Interim / Quarterly Report 2026

Nov 10, 2025

59234_rns_2025-11-10_5a8c2ccb-366b-4deb-96fc-4ee8322f6baf.pdf

Interim / Quarterly Report

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KP 11·

November 10, 2025

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: - Outcome of the Board Meeting held on Monday, November 10, 2025.

Ref:- Disclosure of events & information pursuant to Regulation 30 SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015

Time of Commencement of the Board Meeting: 09.15 am 1ST. Time of Conclusion of the Board Meeting: 12:30 pm 1ST.

We wish to inform you that the Board of Directors of the Company, at its meeting held today, inter alia, has approved Un-audited Consolidated Financial Results and Standalone Financial Results for the quarter and half year ended September 30, 2025.

An unqualified opinion has been issued by the Statutory Auditor on said Financial Results.

Un-audited Consolidated Financial Results and Standalone Financial Results for the quarter and half year ended September 30, 2025, along with Limited Review Reports thereon and Investor Update are being sent separately.

Kindly take the same on your records.

Yours faithfully,

For KPIT Technologies Limited

General Counsel & Company Secretary

I KPI: Technologies Ltd. Registered & Corporate Office· Plot No .. Phase-Ill, Maan, Taluka-Mulshi H" . • � '.' Ra11v Gandhi lnfotech Park, MIDC-SEZ, CIN: L74999PN2018PLC174192 ' lnJawa r, Pune-411057, India.

0 +91 20 6770 6000 E [email protected] W kpit.com

Registered & Corporate Office: Plot-17, Rajiv Gandhi lnfotech Park, MIDC-SEZ, Phase-Ill, Maan, Hinjawadi, Taluka - Mulshi, Pune - 411057 Phone : +91 20 6770 6000 I [email protected] I www.kpit.com I CIN : L74999PN2018PLC174192

PART I: STATEMENT OF UNAUDITED CONSOLIDATED FINANCIAL RESULTS FOR THE QUARTER AND HALF YEAR ENDED 30 SEPTEMBER 2025

r in million (except per share data)
Particulars Quarter ended Half Year ended Year ended
30 September 30 June 2025 30 September 30 September 30 September 31 March 2025
2025 (Unaudited) 2024 2025 2024 (Audited)
(Unaudited) (Unaudited) (Unaudited) (Unaudited)
Revenue from operations 15,877.11 15,387.61 14,714.13 31,264.72 28,360.43 58,423.45
Other income (Refer note 4, 5, 6 and 7) 235.79 159.60 518.99 395.39 1,016.86 1,673.22
Total income 16,112.90 15,547.21 15,233.12 31 ,660.11 29,377.29 60,096.67
Expenses
Cost of materials consumed 239.33 179.97 193.64 419.30 204.01 487.64
Changes in inventories of finished goods and work-in-progress (56.49) 29.90 (50.27) (26.59) 18.29 70.00
Employee benefits expense 9,778.95 9,754.42 9,447.79 19,533.37 18,191.44 36,992.71
Finance costs 162.51 120.28 101.63 282.79 228.94 423.92
Depreciation and amortisation expense 747.06 628.81 560.83 1,375.87 1,085.97 2,249.60
Other expenses (Refer note 4) 2,708.73 2,424.56 2,105.43 5,133.29 4,000.98 8,575.35
Total expenses 13,580.09 13,137.94 12,359.05 26,718.03 23,729.63 48,799.22
Profit before share of profit/(loss) of joint venture and associate
and tax
2,532.81 2,409.27 2,874.07 4,942.08 5,647.66 11,297.45
Share of profit/(loss) of joint venture and associate (net of tax) (227.16) (51.17) (42.94) {278.33) (49.56) 28.02
Profit before tax 2,305.65 2,358.10 2,831.13 4,663.75 5,598.10 11,325.47
Tax expense (Refer note 6)
Current tax 756.72 925.61 818.25 1,682.33 1,816.54 3,093.13
Deferred tax (benefit)/charge (1 41.94) (286.50) (24.57) (428.44) (297.49) (163.66)
Total tax expense 614.78 639.11 793.68 1,253.89 1,519.05 2,929.47
Profit for the period/year 1,690.87 1,718.99 2,037.45 3,409.86 4,079.05 8,396.00
Other comprehensive income
(i) Items that will not be reclassified to profit or loss
A.
(ii) Income tax on items that will not be reclassified to profit
or loss
14.35
(4.91)
12.02
(4.68)
(28.93)
10.09
26.37
(9.59)
(38.06)
13.35
(27.28)
9.76
(i) It ems that will be reclassi fied to profit or loss
B.
687.36 595.48 141.04 1,282.84 79.75 337.94
(ii) Income tax on items that will be reclassified to profit or 42.86 213.49 186.59 256.35 158.41 26.35
loss
Total other comprehensive income/(loss), net of tax 739.66 816.31 308.79 1,555.97 213.45 346.77
Total comprehensive income for the period / year 2,430.53 2,535.30 2,346.24 4,965.83 4,292.50 8,742.77
Profit attributable to
Owners of the Company 1,690.87 1,718.99 2,037.45 3,409.86 4,079.05
-
8,396.00
-
Non- controlling interests
Profit for the period/year
-
1,690.87
1,718.99 -
2,037.45
-
3,409.86
4,079.05 8,396.00
Other comprehensive income/ (loss) attributable to
Owners of the Company
Non-controlling interests
739.66
-
816.31
-
308.79
-
1,555.97
-
213.45
-
346.77
-
Other comprehensive income/(loss) for the period/year 739.66 816.31 308.79 1,555.97 213.45 346.77
Total comprehensive income attributable to
Owners of the Company 2,430.53 2,535.30 2,346.24 4,965.83 4,292.50 8,742.77
Non-controlling interests - - - - - -
Total comorehensive income for the oeriod/year 2,430.53 2,535.30 2,346.24 4,965.83 4,292.50 8 742.77
Paid-up equity share capital (face value oft 10 per share) 2,720.61 2,719.25 2,714.92 2,720.61 2,714.92 2,717.02
Ot her equity 26,404.56
Earnings per equity share (face value oft 10 per share)*
Basic 6.22 6.32 7.51 12.54 15.03 30.93
Diluted 6.18 6.28 7.45 12.45 14.92 30.70
*EPS are not annualised for the interim periods.

Registered & Corporate Office: Plot- 17, Rajiv Gandhi lnfotech Park, MIDC-SEZ, Phase-Ill, Maan, Hinj awadi, Taluka - Mulshi, Pune - 411057 Phone : +91 20 6770 6000Igrievances@kp it.comIwww.kpit.com I CIN: L74999PN2018PLC174192

PART II: SEGMENT WISE REVENUE, RESULTS, ASSETS AND LIABILITIES

tin million
Sr Particulars Quarter ended Half Year ended Year ended
No 30 September 30 June 2025 30 September 30 September 30 September 31 March 2025
2025 (Unaudited) 2024 2025 2024 (Audited)
(Unaudited) (Unaudited) (Unaudited) (Unaudited)
1 Segment revenue
Americas
UK & Europe
4,424.88 4,569.92 4,100.85 8,994.80 8,046.15 16,302.68
Rest of the World 8,283.29
8,023.13
7,268.01
7,986.83
7,590.89
7,226.19
15,551.30
16,009.96
14,879.22
13,837.68
29,134.78
30,039.75
Total 20,731 .30 19,824.76 18,917.93 40,556 .06 36,763.05 75,477.21
Less : Inter segment revenue 4,854.19 4,437.15 4,203.80 9,291.34 8,402.62 17,053.76
Revenue from operations 15,877.11 15,387.61 14,714.13 31,264.72 28,360.43 58,423.45
2 Segment results
Americas 1,186.66 1,013.73 940.67 2,200.39 1,941 .62 3,759.17
UK & Europe 1,665.23 1,186.09 1,699.79 2,851.32 3,402.71 6,328.98
Rest of the World 1,192.43 1,616.57 1,471.55 2,809.00 2,533.90 5,380.67
Total 4,044.32 3,816.39 4,112.01 7,860.71 7,878.23 15,468.82
Less:
Finance costs 162.51 120.28 101.63 282.79
2,635.84
228.94
2,001.63
423.92
3,747.45
Other unallocable expenditure (net of
unallocable income)
1,349.00 1,286.84 1,136.31
Profit before share of profit/(loss) of joint 2,532.81 2,409.27 2,874.07 4,942.08 5,647.66 11,297.45
venture and associate and tax
Share of profit/ (loss) of joint venture and (227.16) (51.17) (42.94) (278.33) (49.56) 28.02
associate (net of tax)
Profit before tax 2,305.65 2,358.1 0 2,831 .1 3 4,663.75 5,598.1 0 11,325.47
3 Segment assets
Americas 3,266.39 2,584.26 2,761 .50 3,266.39 2,761 .50 2,780.33
4,516.86
UK & Europe
Rest of the World
7,033.63
1,671.97
5,164.68
1,811 .02
5,709.15
1,438.36
7,033.63
1,671.97
5,709.15
1,438.36
1,885.48
Total 11,971.99 9,559.96 9,909.01 11,971.99 9,909.01 9,182.67
Unallocated assets 55,165.88 43,677.96 35,946.62 55,165.88 35,946.62 41,146.95
Total assets 67,137.87 53,237.92 45,855.63 67,137.87 45,855.63 50,329.62
4
Segment liabilities
Americas
370.86 289.15 219.89 370.86 219.89 251.07
UK & Europe 4,400.73 4,222.37 3,912.41 4,400.73 3,912.41 4,546.01
Rest of the World 1,620.64 1,785.19 917.77 1,620.64 917.77 1,583.73
Total 6,392.23 6,296.71 5,050.07 6,392.23 5,050.07 6,380.81
Unallocated liabilities 28,112.97 15,184.11 15,801.86 28,112.97 15,801.86 14,827.23
Total liabilities 34,505.20 21,480.82 20,851.93 34,505.20 20,851.93 21,208.04

a Segment assets other than trade rece ivables (including unbilled) and contract assets and segment liabilities other than contract liabilities (unearned revenue) and advance from customers used in the Group's business are not identified to any reportable segments, as these are used interchangeably between segments.

b The cost incurred during the period/year to acquire property, plant and equipment and intangible assets, depreciation/ amortisation and non-cash expenses are not attributable to any reportable segment.

KPIT TECHNOLOGIES LIMITED
Registered & Corporate Office: Plot-17, Rajiv Gandhi lnfotech Park, MIDC-SEZ, Phase-Ill, Maan, Hinjawadi, Taluka - Mulshi, Pune - 411057
Phone : +91 20 6770 [email protected] I www.kpit.com I CIN: L74999PN2018PLC174192
PART Ill: CONSOLIDATED BALANCE SHEET
Particulars As at
30 September
2025
(Unaudited)
~ in million
As at
31 March 2025
(Audited)
A ASSETS
1 Non-current assets
a. Property, plant and equipment 2,580.43 2,343.99
b. Right-of-use assets 3,873.79 3,593.97
c .
d .
Capital work - in-progress
Goodwill
3.39
24,286.96
93.51
11,729.08
e. Other intangible assets 5,176.13 2,050.33
f . Intangible assets under development - 1.54
g.
h.
Investments accounted for using the equity method
Financial assets
1,705.34 1,937.09
Investments 888.45 0.47
Other financial assets 438.72 364.85
i. Deferred tax assets (net) 1,356.11
559.43
782.74
321.39
j .
k.
Income tax assets (net)
Other non-current assets
94.23 9.73
Total non-current assets 40,962.98 23,228.69
2 Current assets
a.
b.
Inventories
Financial assets
868.05 846.86
Investments
Trade receivables
1,911.51 2,382.43
Billed 8,859.50 7,547.59
Unbilled 2,548.62 1,347.44
Cash and cash equivalents 9,272.56 12,231.78
Bank balances other than cash and cash equivalents above 167.87 449.00
Loans
Other financ ial assets
9.87
768.27
3.48
1,177.42
c. Other current assets 1,768.64 1,114.93
Total current assets 26,174.89 27,100.93
TOTAL ASSETS 67,137.87 50,329.62
B EQUITY AND LIABILITIES
Equity
a. Equity share capital 2,720.61 2,717.02
b. Other equity 29,912.06 26,404.56
Equity attributable to owners of the Company 32,632.67 29,121.58
Non-controlling interests
Total equity
-
32,632.67
-
29,121.58
1
a.
Liabilities
Non-current liabilities
Financial liabilities
Lease liabilities 2,872.52 2,664.69
b. Other financial liabilities
Provisions
1,198.61 -
633.37
c. Deferred tax liabilities (net) 699.52
1,616.53
692.01
Total non-current liabilities 6,387.18 3,990.07
2
a.
Current liabilities
Financial liabilities
Borrowings
Lease liabilities
1,470.43 15.34
768.64
Trade payables 948.57
(i) Total outstanding dues of micro enterprises and small enterprises
(ii) Total outstanding dues of creditors other than micro enterprises and small
54.86
2,819.34
19.28
1,763.04
enterprises
Other financial liabilities
10,319.51 3,035.74
b. Other current liabilities 8,295.27 8,510.37
c. Provisions 1,246.62 871.31
d. Income tax liabilities (net) 2,963.42 2,234.25
Total current liabilities 28,118.02 17,217.97
TOTAL EQUITY AND LIABILITIES 67,137.87 50,329.62

Notes:

  • 1 The above unaudited 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 10 November 2025. These unaudited 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 ot her relevant provisions of the Act.
  • 2 The Statutory auditors of the Company have conducted a limited review on the above unaudited consolidated financial results of the Company for the quarter and half year ended 30 September 2025. An unqualified review conclusion has been issued by them thereon.
  • 3 The above unaudited consolidated financial results include 25 wholly-owned subsidiaries, one joint venture, and one associate as on 30 September 2025.
4 Details of forei n exchan e ain/loss included in above results:
Particulars uarter ended Half Year ended Year ended
30 September 30 June 2025 30 September 30 September 30 September 31 March 2025
2025 (Unaudited} 2024 2025 2024 (Audited}
Unaudited Unaudited Unaudited Unaudited
Foreign exchange gain (net} included in other income 35.42 82.98
Forei n exchan e loss net included in other expenses 144.36 240.30 46.57 384.66
  • 5 For the quarter ended 30 September 2025, "Other income" in the Consolidated Statement of Profit and Loss account includes a gain of ~ 151.81 million on fair valuation of !inancial instrument carried at fair value through profit or loss.
  • 6 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 has further invested EURO 13.65 million till date 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 t he assets and liabilities of Qorix GmbH and recognised the resulting one-time gain of t 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 oft 68.92 million under "Tax expense".

During the quarter ended 31 March 2025, Qualcomm Ventures LLC rQualcomm") 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 dilut ion" of ~ 271.49 million under "Ot her income" in the Consolidated Statement of Profit and Loss account.

  • 7 During the quarter ended 30 September 2024, 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.
  • 8 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. These entities have been considered in the consolidated financial results for the quarter ended 30 September 2025.

Subsequent to the quarter end, on 10 October 2025, the Group, under the same contractual arrangement, also completed 100% acquisit ion 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 t he combined acquisitions comprises:

  • fixed consideration of USO 142.00 million to be paid over the next 2 years; and
  • ii. variable consideration upto USO 15.00 million based on the achievement of revenue and profit milestones to be payable over the next 3.75 years.

Out of the above total consideration, an upfront fixed consideration of USO 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, for the acquisitions completed during the quarter ended 30 September 2025, the Group has recognized Goodwill amounting to rn,263.91 million and Customer Relationship intangible assets amounting to t2,749.70 million. As per t he provisions of IND-AS 103 Business Combinations, the purchase price allocation (PPA) for the aforesaid acquisition has been determined on a provisional basis as on the date of balance sheet.

  • 9 On 2 September 2025, the Group, through its wholly-owned subsidiary KPIT Technologies Inc., made an investment of USO 10.00 million in Helm.ai through a Simple Agreement for Future Equity (SAFE) instrument. This investment does not result in Helm.ai becoming a subsidiary or an associate of the Group, and the Group does not have any participative or control rights over the entity and has been accounted as an investment to be fair valued through profit and loss account. Helm.ai is engaged in developing advanced Al software for self-driving cars, aimed at enhancing safety, scalability, and cost efficiency.
  • 10 On 7 October 2025, the Group, through its wholly-owned subsidiary, KPIT Technologies (UK} Limited, acquired additional stake of 62.9% in N-Oream AG for a total consideration of EUR 16.35 million. Pursuant to this acquisition, N-Dream AG has become a step-down subsidiary of the Group with the total KPIT group shareholding of 88.9%. Accordingly, N-Dream AG will be consolidated in the Group's financial statements from the next reporting quarter onwards.
  • 11 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.
  • 12 Consolidated statement of cash flows is attached in Annexure A.

For and on behalf of the Board of Directors of KPIT TECHNOLOGIES LIMITED

CEO & Managing Director

DIN: 00076190

President & Joint Managing Director

DIN: 02918460

Place: Pune Date: 10 November 2025

Registered & Corporate Office: Plot-17, Rajiv Gandhi lnfotech Park, MIDC -SEZ, Phase -I ll, Maan, Hinjawadi, Taluka - Mulshi, Pune - 411057 Phone : +91 20 6770 6000 I [email protected] I www.kpit.com I CIN : L 74999PN2018PLC174192

ANNEXURE A: CONSOLIDATED STATEMENT OF CAS H FLOWS

~ in million
Particulars Half Year ended Year ended
30 Septembe r 30 Sept ember 31 March 2025
2025 2024
(Audited)
(Unaudited) (Unaudited)
A CASH FLOW FROM OPERATING ACTIVITIES
Profit before tax for the period/year 4,663.75 5,598.10 11,325.47
Adjustments for:
Deprec iation and amortisation expense 1,375.87 1,085.97 2,249.60
Finance costs
282.79 228.94 423.92
Interest income (86.80) (69.02) (149.96)
Dividend income (0.12) (0.16) (0.24)
Property, plant and equipments and other intangible assets written off 0.23 1.12 1.06
Net (gain)/loss on disposal of property, plant and equipments and intangible assets (14.17) (197.22) (208.13)
Unrealised (gain)/loss on investment carried at fair value through profit and loss (net) (6.63) (5.60) (35.88)
Gain on changes in ownership interest in a subsidiary and a joint venture (Ref er note 6) - (199.07) (470.56)
Realised (gain)/ loss on investment carried at fair value through profit and loss (net) (38.91) (16.65) (42.36)
Net loss/(gain) on fair valuation of earn outs and derivative assets carried at fair value (151 .81) 53.17 86.34
through profit or loss (Refer note 5)
Provision for doubtful debts and advances (net) (62.83) 164.19 (130.74)
Bad debts written off 0.06 - 3.45
Share based compensation expenses 173.69 326.86
671 .73
Net unrealised foreign exchange (gain)/loss 521 .76 45.21 85.90
Share of prof it/(loss) of joint ve nture and associate (net of tax) 278.33 49.56 (28.02)
Others (0.27) (0.11) (3.94)
Operating profit before working capital changes 6,934.94 7,065.29 13,777.64
Adjustments for changes in working capital:
Trade receivables (1,605.59) (424.44) 767.14
I nve nto ri es
(21.19) (82.60) 55.63
Loans, other financial assets and other assets (707.92) (767.56) (630.21)
Trade payables 712.97 534.78 (594.72)
Other financial liabilities, other liabilities and provisions (129.07) 978.61 2,568.73
Cash generated from operations 5,184.14 7,304.08 15,944.21
Income taxes paid (net) (1,288.56) (1,160.22) (2,048.94)
Net cash generated from operating activities (A) 3,895.58 6,143.86 13,895.27
B CASH FLOW FROM INVESTING ACTIVITIES
Purchase of property, plant and equipment and intangible assets (761.41) (901.66) (1,295.29)
Proceeds from sale of property, plant and equ ipment 38.57 5.33 21 .98
Paymen t s pursuant to acquisition of subsidiaries (net of cash acquired) (6,066.42) - (1,274.92)
Payment for contractual obl igation under acq uisition agreement - (1,977.78) (720.92)
Investment in mutual fund
(6,294.00) (4,176.00) (7,997.50)
Proceeds from sale of investment in mutual fund 6,809.73 4,141.87 6,555.34
Proceed from sale of investments carried at fair value through prof it and loss 0.73 0.88 0.88
Investment in financial instruments carried at fair value through profit and loss (887.92) - -
Investment in an associate - (215.28) (279.96)
Cash outflow pursuant to loss of control - · (229.79) (226.82)
Interest rece ived 125.64 59.32 100.96
Dividend received 0.12 - -
Proceeds from repayment of loan given
338.58 - -
Am ount placed in deposits (131.68) (18,415.14) (18,656.11)
Amount realized from deposits 734.45 18,346.33 18,082.60
Net cash used in investing activities (B) (6,093.6 1) (3,361.92) (5,689.77)
C CASH FLOW FROM FINANCING ACTIVITIES
Repayment of long term loan from banks (0.59) (0.82) (1.67)
Payment of lease liabilities (538.90) (435.06) (914.77)
Proceeds from working capital loan 1,433.60 1,429.25 1,429.27
Repayment of working capital loan (4.48) (1,504.21) (1,820.61)
Proceeds from shares issued by Employee We lfare Trust 4.10 3.24 5.35
Dividend paid
(1,631.57) (1,248.50) (1,927.51)
Interest and finance charges paid (85.03) (51.59) (194.42)
Net cash used in financing activities (C) (822.87) (1 ,807.69) (3,424.36)
Net increase/(decrease) in cash and cash equivalents (A + B + C) (3,020.90) 974.25 4,781 .14
Cash and cash eq uivalents at beginning of the period/year 12,231.78 7,429.83 7,429.83
Exchange differe nces on translation of fo reign currency cash and cash equivalents 61 .68 21.79 20.81
Cash and cash eauivalents at close of the period/year 9,272.56 8,425.87 12,231 .78

8 SR & Co. LLP

Chartered Accountants

8th floor, Business Plaza Westin Hotel Campus 36/3-B, Koregaon Park Annex Mundhwa Road, Ghorpadi Pune - 411 001 , India Telephone: +91 (20) 6747 7300 Fax: +91 (20) 6747 7100

Limited Review Report on unaudited consolidated financial results of KPIT Technologies Limtied for the quarter ended 30 September 2025 and year to date results for the period from 01 April 2025 to 30 September 2025 pursuant to Regulation 33 of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended

To the Board of Directors of KPIT Technologies Limtied

    1. We have reviewed the accompanying Statement of unaudited consolidated financial results of KPIT Technologies Limtied (hereinafter referred to as "the Parent"), and its subsidiaries (the Parent and its subsidiaries together referred to as "the Group") and its share of the net loss after tax and total comprehensive loss of its associate and joint ventures for the quarter ended 30 September 2025 and year to date results for the period from 01 April 2025 to 30 September 2025 ("the Statement"), being submitted by the Parent pursuant to the requirements of Regulation 33 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended ("Listing Regulations").
    1. This Statement, which is the responsibility of the Parent's management and approved by the Parent's Board of Directors, has been prepared in accordance with the recognition and measurement principles laid down in Indian Accounting Standard 34 "Interim Financial Reporting" ("Ind AS 34"), prescribed under Section 133 of the Companies Act, 2013, and other accounting principles generally accepted in India and in compliance with Regulation 33 of the Listing Regulations. Our responsibility is to express a conclusion on the Statement based on our review.
    1. We conducted our review of the Statement in accordance with the Standard on Review Engagements (SRE) 2410 "Review of Interim Financial Information Performed by the Independent Auditor of the Entity", issued by the Institute of Chartered Accountants of India. A review of interim financial information consists of making inquiries, primarily of persons responsible for financial and accounting matters, and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with Standards on Auditing and consequently does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion.

We also performed procedures in accordance with the circular issued by the Securities and Exchange Board of India under Regulation 33(8) of the Listing Regulations, to the extent applicable.

    1. The Statement includes the results of the entities mentioned in Annexure I to the Statement.
    1. Based on our review conducted and procedures performed as stated in paragraph 3 above and based on the consideration of the review report of the other auditor referred to in paragraph 6 below, nothing has come to our attention that causes us to believe that the accompanying Statement, prepared in accordance with the recognition and measurement principles laid down in the aforesaid Indian Accounting Standard and other accounting principles generally accepted in India, has not disclosed the information required to be disclosed in terms of Regulation 33 of the Listing Regulations, including the manner in which it is to be disclosed, or that it contains any material misstatement.

B S R & Co. (a p.a,tntr\$1p flffll with Raglstralion No. BA61223) converted into 8 SR t co. LLP (a Limited LiabilHy Pa r'lnerahtp W~h UP R~lstrallon No. AAB-8181) with effect from October 14, 2013 Regislered Office:

14th Floor, Central B Wing and North C Wing, Nesco IT Park 4, Nesco Center, Western Express Highway, Goregaon (East), Mumbai -400063 Page 1 of4

Limited Review Report (Continued)

KPIT Technologies Limtied

  1. We did not review the interim financial information of one subsidiary included in the Statement, whose interim financial information reflects total assets (before consolidation adjustments) of Rs. 4,076.60 million as at 30 September 2025 and total revenues (before consolidation adjustments) of Rs. 2,345.48 million and Rs. 4,444.50 million, total net profit after tax (before consolidation adjustments) of Rs. 385.14 million and Rs. 619.34 million and total comprehensive income (before consolidation adjustments) of Rs. 385.14 million and Rs. 619.34 million, for the quarter ended 30 September 2025 and for the period from 01 April 2025 to 30 September 2025 respectively, and cash outflows (net) (before consolidation adjustments) of Rs 395.73 million for the period from 01 April 2025 to 30 September 2025. as considered in the Statement. This interim financial information has been reviewed by other auditor whose report has been furnished to us by the Parent's management and our conclusion on the Statement, in so far as it relates to the amounts and disclosures included in respect of this subsidiary, is based solely on the report of the other auditor and the procedures performed by us as stated in paragraph 3 above,

This subsidiary is located outside India whose interim financial information has been prepared in accordance with accounting principles generally accepted in its country and which has been reviewed by other auditor under generally accepted auditing standards applicable in its country. The Parent's management has converted the interim financial information of such subsidiary located outside India from accounting principles generally accepted in its country to accounting principles generally accepted in India. We haye reviewed these conversion adjustments made by the Parent's management. Our conclusion in so far as it relates to the balances and affairs of such subsidiary located outside India is based on the report of other auditor and the conversion adjustments prepared by the management of the Parent and reviewed by us.

Our conclusion is not modified in respect of this matter.

For B S R & Co. LLP Chartered Accountants Firm's Registration No.:101248W/W-100022

Shiraz Vastani Partner Membership No.: 103334 UDIN: '2-510 2>3.~4 BMO\l\/13A·10

Adilabad 10 November 2025

Page 2 of 4

Limited Review Report (Continued) KPIT Technologies Limtied

Annexure I

List of entities included in unaudited consolidated 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 Technologias L TOA. Subsidiary
6 MicroFuzzy lndustrie-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 Path Partner 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

Limited Review Report (Continued) KPIT Technologies Limtied

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
27 CAREGLOTECH, S. de R.L. de C.V. (with effect from 15 August
2025)
Subsidiary
28 Qorix GmbH Joint venture
29 Qorix India Private Limited Subsidiary of Joint
venture
30 N Dream AG Associate

Page 4 of 4

Registered & Corporate Office : Plot-17, Rajiv Gandhi lnfotech Park, MIDC-SEZ, Phase - Ill, Maan, Hinjawadi, Taluka - Mulshi, Pune - 411057 Phone: +91 20 6770 [email protected] I www.kpit.com I CIN : L74999PN2018PLC174192

PART I: STATEMENT OF UNAUDITED STANDALONE FINANCIAL RESULTS FOR THE QUARTER AND HALF YEAR ENDED 30 SEPTEMBER 2025

fin million (exceot oer share data)
Particulars Quarter ended Half Year ended Year ended
30 September 30 June 2025 30 September 30 September 30 September 31 March 2025
2025 {Unaudited} 2024 2025 2024 (Audited)
(Unaudited) {Unaudited} (Unaudited) (Unaudited)
Revenue from operations 6,586.44 6,399.16 6,847.20 12,985.60 12,531.56 25,639.34
Other income (Refer note 3, 4 and 5) 22.29 1,281.51 538.08 1,303.80 601.31 819.95
Total Income 6,608.73 7,680.67 7,385.28 14,289.40 13,132.87 26,459.29
Expenses
Cost of materials consumed - - - - 0.57 7.96
Employee benefits expense 3,669.89 3,847.55 3,931.09 7,517.44 7,545.54 15,348.53
Finance costs 52.80 41.00 21.54 93.80 63.07 112.74
Depreciation and am ortization expense 407.55 360.71 305.33 768.26 593.20 1,245.20
Net loss on inve~tments carried at fair value through profit
and loss
- - 2.20 - 3.86 -
Other expenses (Refer note 3) 936.73 834.69 943.24 1,771.42 1,760.61 3,383.75
Total expenses 5,066.97 5,083.95 5,203.40 10,150.92 9,966.85 20,098.18
Profit before tax 1,541.76 2,596.72 2,181.88 4,138.48 3,166.02 6,361.11
Tax expense
Current tax 404.14 328.40 575.49 732.54 851.86 1,587.24
Deferred tax (benefit)/charge (55.71) (20.91) (15.80) (76.62) (60.90) (44.51)
Total tax expense 348.43 307.49 559.69 655.92 790.96 1,542.73
Profit for the period/year 1,193.33 2,289.23 1,622.19 3,482.56 2,375.06 4,818.38
Other comprehensive income
(i) Items that will not be reclassified to profit or loss
A.
13.25 16.94 (28.77) 30.19 (38.87) (29.87)
(ii) Income tax on items that will not be reclassified to
profit or loss
(4.63) (5.92) 10.05 (10.55) 13.58 10.44
(i) Items that will be reclassified to profit or loss
B.
(122.65) (610.95) (533.98) (733.60) (453.34) (75.40)
(ii) Income tax on items that will be reclassified to
profit or loss
42.86 213.49 186.59 256.35 158.41 26.35
Total other comprehensive income/{loss), net of tax (71.17} (3 86.44} {366.11} (457.61) {320.22) (68.48)
Total comprehensive income for the oeriod/vear 1,122.16 1,902.79 1,256.08 3,024.95 2,054.84 4,749.90
Paid-up equity share capital (face value on 10 per share) 2,720.61 2,719.25 2,714.92 2,720.61 2,714.92 2,717.02
Other equity 16,801.58
Earnings per equity share (face value of f 10 per share)*
Basic 4.39 8.42 5.98 12.81 8.75 17.75
Diluted 4.36 8.36 5.93 12.72 8.69 17.62
*EPS are not annualised for the interim periods.

Registered & Corporate Office : Plot-17, Rajiv Gandhi lnfotech Park, MIDC-SEZ, Phase - Ill , Maan, Hinjawad i, Taluka - Mulshi, Pune - 411057 Phone : +91 20 6770 6000 I [email protected] I www.kpit.com I CIN : L 74999PN2018PLC174192

PART 11: STANDALONE BALANCE SHEET

r in million
Particulars 30 September 2025 31 March 2025
(Unaudited) (Audited)
A ASSETS
1 Non-current assets
a. Property, plant and equipment 1,870.11 1,777.95
b. Right- of-use assets 1,878.23 1,694.96
c. Capital work-in-progress 3.13 93.07
d . Other intangible assets 649.58 314.36
e. Intangible assets under development - 0.45
f. Financial assets
Investments 17,358.73 12,107.20
Other financial assets 161.86 126.16
g. Deferred tax assets (net) 568.64 246.22
h. Income tax assets (net) 355.76 138.95
i. Other non-current assets 94.03 1.92
Total non- current assets 22,940.07 16,501.24
2 Current assets
a. Financial assets
Investments 1,708.65 1,662.54
Trade receivables
Billed 2,466.23
908.69
3,299.76
543.37
Unbilled 529.18 1,332.04
Cash and cash equivalents
Bank balances other than cash and cash equivalents above
167.87 404.49
Other financial assets 474.45 1,099.72
b. Other current assets 722.10 491.47
Total current assets 6,977.17 8,833.39
TOTAL ASSETS 29,917.24 25,334.63
B EQUITY AND LIABILITIES
Equity
a. Equity share capital 2,720.61 2,717.02
b. Other equity 18,368.19 16,801.58
Total equity 21,088.80 19,518.60
Liabilities
1 Non-current liabilities
a. Financial liabilities
Lease liabilities 1,340.43 1,172.32
b. Provisions 644.99 599.36
Total non-current liabilities 1,985.42 1,771.68
2 Current liabilities
a. Financial liabilities
Borrowings 1,256.22 0.59
Lease liabilities 372.01 258.50
Trade payables
(i) Total outstanding dues of micro enterprises and small enterprises 53.92 18.53
(ii) Total outstanding dues of creditors other than micro enterprises and small enterprises 1,065.96 1,000.64
Other financial liabilities 1,584.63 561.24
b. Other current liabilities 2,176.09 1,881 .73
C. Provisions 302.47 293.37
d . Income tax liabilities (net) 31.72 29.75
Total current liabilities 6,843.02 4,044.35
TOTAL EQU ITY AND LIABILITIES 29,917.24 25,334.63

Notes:

Place: Pune

Date: 10 November 2025

  • The above unaudited 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 10 November 2025. These unaudited 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 re levant provisions of the Act.
  • 2 The statutory auditors of the Company have conducted a limited review of the above unaudited standalone financial results of t he Company for the quarter and half year ended 30 September 2025. An unqualified review conclusion has been issued by them thereon.

3 Details of forei n exchan e ain/loss included in above results:

Particulars Quarter ended Half Year ended Year ended
30 September
2025
(Unaudited)
30 June 2025
(Unaudited)
30 September
2024
(Unaud ited)
30 September
2025
(Unaudited)
30 September
2024
(Unaudited)
31 March 2025
(Audited)
Foreign exchange gain (net) included in other income 70.16 114.82 199.55
Foreign exchange loss (net) included in other expenses 113.71 124.32 238.03

4 During the quarter ended 30 September 2024, the Company had recogn ised a one-time taxable gain of t 450.00 mi llion on settlement of an insurance claim under "Other income" in the statement of profit and loss account.

5 During the quarter ended 30 June 2025, the Company had 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.

6 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.

7 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.

8 Statement of Cash flows is attached in Annexure A

For and on behalf of the Board of Directors of KPIT TECHNOLOGIES LIMITED

( v \ o~

CEO & Managing Director DIN: 00076190

i~dent & Joint Managing Director DIN: 02918460

Registered & Corporat e Office : Plot-17, Rajiv Gandhi lnfotech Park, MIDC- SEZ, Phase-Il l, Maan, Hinjawadi, Taluka - Mulshi , Pune - 411057 Phone : +91 20 6770 6000 I [email protected] I CIN : L74999PN2018PLC174192

ANNEXURE A: STANDALONE STATEMENT OF CASH FLOWS

Particulars
Half ye ar ended
Year ended
30 September
30 September
31 March 2025
2024
2025
(Audited)
(Unaudited)
(U naudited)
A CASH FLOW FROM OPERATING ACTIVITIES
Profit before tax for the period / year
4,138.48
3,166.02
6,361.11
Adjustments for:
Depreciat ion and amortization expense
768.26
593.20
1,245.20
Finance costs
93.80
63.07
112.74
Interest income
(24.69)
(42.05)
(69.01)
Dividend income
(1,209.91)
(0.16)
(0.24)
Property, plant and equipments and ot her intangible assets written off
0.71
0.78
0.23
Net gain on disposal of property, plant and equipments
(0.88)
(17.34)
(2.70)
Unrealised (gain)/ loss on investment carried at fair value through profit and loss (net)
(1.59)
3.86
(12.65)
Net loss on fair valuation of earn outs and derivative assets carried at fair value through
-
27.20
60.43
profit or loss
Realised (gain)/ loss on investment carried at fair value through profit and loss (net)
(31.49)
(11 .22)
(29.35)
Provision for doubtful debts and advances (net)
(37.79)
63.52
(100.31)
Share based compensat ion expenses
160.90
334.36
102.56
Net unrealised fore ign exchange loss/ (gain)
(46.87)
(57.53)
16.20
Others
(0.03)
(0.27)
(0.07)
3,705.36
3,994.59
7,916.53
Operating profit before working capital changes
Adjustments for changes in working capital:
Trade receivables
100.31
440.99
571.01
Ot her f inancial assets and other assets
(163.39)
(372.09)
(13.18)
Trade payables
271 .58
148.03
95.50
Ot her financial liabilities, other liabilities and provisions
332.26
907.11
119.48
Cash generated from operations
4,540.74
4,901 .50
8,611.85
Income taxes paid (net)
(947.38)
(784.68)
(1,470.47)
Net cash generated from operating activities (A)
7,141.38
3,593.36
4,116.82
B CASH FLOW FROM INVESTING ACTIVITIES
Purchase of property, plant and equipment and int angible assets
(532.09)
(753.73)
(1 ,040.31)
Proceeds from sale of property, plant and equipment
17.34
1.59
5.59
Invest ment in subsid iaries
(5,206.61)
(925.00)
(925.00)
Payment for cont ractual obligat ion under acquisition agreement
-
(720.92)
(720.92)
Investment in an associate
-
(215.28)
(279.96)
Investment in mutual fund
(6,220.00)
(3,988.00)
(7,528.00)
Proceeds from sale of invest ment in mutual fund
6,206.24
4,051.37
6,384.84
Proceed from sale of investment s carried at fair value through profit and loss
0.73
0.88
0.88
Interest received
89.94
16.03
28.49
Dividend received
1,209.91
-
-
Amount placed in deposit s
(131 .00)
(2,014.20)
(2,422.20)
Amount realized from deposits
745.40
1,950.77
1,901.63
Net cash used in investing activities (B)
(3,820.14)
(2,596.49)
(4,594.96)
C CASH FLOW FROM FINANCING ACTIVITIES
Repayment of long term loan from banks
(0.59)
(0.82)
(1.67)
Payment of lease liabilities
(176.77)
(147.14)
(305.90)
Proceeds from working capital loan
1,230.62
1,410.68
1,410.68
Repayment of working capital loan
-
(1,410.68)
(1,410.68)
Proceeds from shares issued by Employee Welfare Trust
4.10
3.24
5.34
Dividend paid
(1 ,631.57)
(1,248.50)
(1,927.51)
Interest and finance charges paid
(7.25)
(5.98)
(6.05)
Net cash used in financing activities (C)
(2,235.79)
(581.46)
(1,399.20)
Net increase/(decrease) in cash and cash equivalents (A + B + C)
(808.24)
121.13
310.63
Cash and cash equivalents at beginning of the period/ year
1,332.04
998.24
998.24
t in m illion
Exchange differences on translation of foreign currency cash and cash equivalents
5.38
35.61
23.17
Cash and cash equivalents at close of the period/year
1,332.04
529.18
1,154.98

BS R & Co. LLP

Chartered Accountants

8th floor, Business Plaza Westin Hotel Campus 36/3-B, Koregaon Park Annex Mundhwa Road, Ghorpadi Pune - 411 001 , India Telephone: +91 (20) 6747 7300 Fax: +91 (20) 6747 7100

Limited Review Report on unaudited standalone financial results of KPIT Technologies Limited for the quarter ended 30 September 2025 and year to date results for the period from 01 April 2025 to 30 September 2025 pursuant to Regulation 33 of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended

To the Board of Directors of KPIT Technologies Limited

    1. We have reviewed the accompanying Statement of unaudited standalone financial results of KPIT Technologies Limited (hereinafter referred to as "the Company") for the quarter ended 30 September 2025 and year to date results for the period from 01 April 2025 to 30 September 2025 ("the Statement") (in which are included interim financial information from an Employee Stock Option (ESOP) trust).
    1. This Statement, which is the responsibility of the Company's management and approved by its Board of Directors, has been prepared in accordance with the recognition and measurement principles laid down in Indian Accounting Standard 34 "Interim Financial Reporting" ("Ind AS 34"), prescribed under Section 133 of the Companies Act, 2013, and other accounting principles generally accepted in India and in compliance with Regulation 33 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended ("Listing Regulations"). Our responsibility is to issue a report on the Statement based on our review.
    1. We conducted our review of the Statement in accordance with the Standard on Review Engagements (SRE) 2410 "Review of Interim Financial Information Performed by the Independent Auditor of the Entity", issued by the Institute of Chartered Accountants of India. A review of interim financial information consists of making inquiries, primarily of persons responsible for financial and accounting matters, and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with Standards on Auditing and consequently does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion.
    1. Based on our review conducted as above, nothing has come to our attention that causes us to believe that the accompanying Statement, prepared in accordance with the recognition and measurement principles laid down in the aforesaid Indian Accounting Standard and other accounting principles generally accepted in India, has not disclosed the information required to be disclosed in terms of Regulation 33 of the Listing Regulations, including the manner in which it is to be disclosed, or that it

B s R & Co. {a partners.nlp rum with Registration No. BA61223) converted inlo B S R & Co, LLP (a Limited Liabilily Panner,hip'Wl°1h LLP Regislration No. AA.8•8181) with effect from October 14, 2013 Regislered Office:

14th Floor, Central B Wing and North C Wing, Nesca IT Park 4, Nesco Center, Western Express Highway, Goregaon (East), Mumbai - 400063 Page 1 of2

Limited Review Report (Continued) KPIT Technologies Limited

contains any material misstatement.

For B S R & Co. LLP

Chartered Accountants Firm's Registration No.:101248W/W-100022

Shiraz Vastani Partner Membership No.: 103334 UDIN: 2.510~1~4 ~o\lVS l fl.&

Adilabad 10 November 2025

Page 2 of 2

November 10, 2025

To,

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

Symbol: KPITTECH Series: EQ

Dear Sir / Madam,

Kind Attn: The Manager, Listing Department

Subject: - Un-Audited financial results of KPIT Technologies Limited ("the Company") for the quarter and half-year ended September 30, 2025.

With reference to the captioned subject, we wish to submit that there is a difference of Rs. 20.83 million in the paid-up equity share capital of the Company as reported in the shareholding pattern submitted for the quarter ended September 30, 2025 (Rs. 2,741.43 million) and un-audited financial results for the quarter and half year ended September 30, 2025 (Rs. 2,720.60 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 2.08 million equity shares in the Company (total face value of Rs. 20.83 million Rs. 10/- per share) as on September 30, 2025.

Request you to please take note of the same.

Thanking you.

Yours faithfully,

For KPIT Technologies Limited

Ashish Malhotra General Counsel & Company Secretary

0 +91 20 6770 6000 E [email protected] W kpit.com

KP 11·