November 1, 2021

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 - 400057.

Symbol: KPITTECH Series: EQ

Kind Attn: The Manager; Listing Department

Subject: - Outcome of the Board Meeting commenced on October 30, 2021 (at 1.00 p.m.) and concluded today, i.e. on November 1, 2021 (at 3.45 p.m.)

Dear Sir / Madam,

We wish to inform you that the Board of Directors of the Company, at its meeting held through video conferencing concluded today, inter alia, has approved the following: -

a. Approval of the consolidated and standalone unaudited financial results of the Company for the quarter and half year ended September 30, 2021.
b. Appointment of Prof. Rajiv Lal (DIN: 09360601) as an Additional & Independent Director of the Company, with effect from November 1, 2021.

Further, Prof. Lal has declared that he is not debarred from accessing the capital markets and/or restrained from holding any position/office of director in a company pursuant to order of SEBI or any other such authority.

Brief profile of Prof. Lal along with other details of appointment are set out in Annexure A.
Unaudited Consolidated Financial Results and Standalone Financial Results for the quarter and half year ended September 30, 2021, along with Limited Review Reports thereon and Investor Update are being sent separately.

Kindly take the same on your records.

I KPIT Technologies Limited Registered & Corporate Office: Plot No. 17, Rajiv Gandhi lnfotech Park, MIDC-SEZ, Phase-Ill, Maan, Taluka-Mulshi, Hinjawadi, Pune-411057, India. CIN: L74999PN2018PLC174192

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

KP 11·

Annexure A

Name of the	Prof. Rajiv Lal
Director	DIN: 09360601
Reason for chan e	Appointment as an Additional & Independent Director
Date of appointment & term of ointment a	November 1, 2021. Prof. Lal shall hold office upto the date of the ensuing annual general meeting and the said a ointment will be sub·ect to a roval b the shareholders.
Brief Profile	Prof. Rajiv Lal is the Stanley Roth, Sr. Professor of Retailing at Harvard Business School. He is currently teaching the core Marketing course in the MBA program. Prior to this assignment, he developed and taught an elective MBA course on the Business of Smart Connected Products/lOT. He has been responsible for the retailing curriculum and has served as the course head for Marketing, required study in the first year of the MBA program. Prof. Lal also teaches in several Executive Education programs, has previously served as the Faculty Chair for the General Management Program, and the program on Building and Leading a Customer Centric Organization.
	Prof. Lal was a Professor at the Graduate School of Business at Stanford University beginning in 1982. He was the Thomas Henry Carroll Ford Foundation Visiting Professor at Harvard Business School from 1997-98. He was the Visiting Professor of Marketing at INSEAD, France in 1986, 1988, 1992, and 1993. He did his undergraduate work in Mechanical Engineering at the Indian Institute of Technology at Kanpur, India and received his Ph.D. in Industrial Administration from Carnegie-Mellon University.
	research concerns the opportunities and challenges Prof. Lal's current in building a Business around Smart Connected products/JOT. Working with a large number of companies, his work explores why IOT remains an unfulfilled promise and attributes most of the reasons to the unique difficulties in adoption and monetization of businesses where data is the key ingredient.
	His book "Retail Revolution: Will Your Store Survive" is based on many years of extensive field research focusing on the viability of brick and mortar stores facing the onslaught of on-line competition. has explored His past work successful retail strategies for global expansion and has written extensively on the impact of using the Internet as a channel of distribution on a retailer's pricing, merchandising, and branding strategy. His earlier work in retailing studies the impact of competition between different retail formats, such as EDLP and Hi-Lo grocers. He has also studied the consequences of grocery retailers' increasing use of store brands on store loyalty and its implications for packaged goods manufacturers. In addition, he has studied how to build and sustain customer-centric retail organizations.
	Prof. Lal's earlier research focused on pricing, trade promotions, and salesforce compensation plans. The work on salesforce compensation plans originated with his dissertation research, which won the award for the best paper published in Marketing Science and Management Science in 1985. A subsequent article, also developed from his thesis, received an honorable mention for the same award in 1986. He has also studied compensation plans used by German sales forces.

I KPIT Technologies Limited Registered & Corporate Office: Plot No. 17, Rajiv Gandhi lnfotech Park, MIDC-SEZ, Phase-Ill, Maan, Taluka-Mulshi, Hinjawadi, Pune-411057, India. GIN: L74999PN2018PLC174192

0 +91 20 6770 600 ' E [email protected] W kpit.com _ * __,;?' ½

	in the of and has equally well His work pricing promotions been area recognized. Two of his articles were among the finalists for the John D. C. Little award for the best published in Management paper Science and Marketing Science in 1990. One of these articles, co-authored with Jagmohan Raju and V. Srinivasan on the impact of brand loyalty on price promotions, has been awarded the Frank Bass award for the best dissertation paper.
	Prof. Lal's published work includes Retail Revolution: Your Brick-and Will Mortar Store Survive?, "Retail Doesn't Cross Borders: Here's Why and What to do About it" in Harvard Business Review, "Retailing Revolution: Category Killers on the Brink" in HBS Working Knowledge, and Marketing Management: Text and Cases. He has published more than twenty-five articles in academic journals and more than 80 cases and other teaching materials. He has applied his academic frameworks and industry knowledge in much of his research and many of his consulting projects.
	Prof. Lal has worked on a variety of such projects with a wide range of companies, including Citigroup, Citizens Bank, American Family Insurance, Philips, GE, PTC, John Deere, Standard Life Plc, Credit Suisse, Stop & Shop, lto Yokado, Best Buy, Stride Rite Corporation, Oliver Wyman and Company, Fleming Companies, Nordstrom, Microsoft, Kellogg, D/E, Novartis Sara Lee Pharmaceuticals, Callaway Golf Staples, and other well-known Company, companies on strateitv development and execution.
Relationship with other directors of the Comoany	None

KP 11·

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		KPIT TECHNOLOGIES LIMITED
Phone : +91 20 6770 6000 I erievances(cl)koit.com I www.koit.com I GIN: L74999PN2018PLC174192
PART I: STATEMENT OF UNAUDITED CONSOLIDATED FINANCIAL RESULTS FOR THE QUARTER AND HALF YEAR ENDED 30 SEPTEMBER 2021
Particulars		Quarter ended		Half Year ended	t in million (except per share data)	Year ended
	30 September	30 June 2021	30 September	30 September	30 September	31 March 2021
	2021 (Unaudited)	(Unaudited)	2020 (Unaudited)	2021 (Unaudited)	2020 (Unaudited)	(Audited) (Refer note 8)
Revenue from operations	5,908.73	5,673.81	4,854.59	11,582.54	9,781.69	20,357.41
Other income Net gain on investments carried at fair value through	21.39	21.60	0.68	42.99	3.89	18.33
profit and loss Bank interest, dividend income and realised gain on	51.87	39.31	19.00	91.18	29.11	92.00
mutual fund investments Others (Refer note 4)	37.50	60.45	5.52	97.95	20.58	47.29
Total income	6,019.49	5,795.17	4,879.79	11,814.66	9,835.27	20,515.03
Expenses	-		-	-
Cost of materials consumed Employee benefits expense		- 3,757.82			0.52	0.52
Finance costs (Refer note 5)	3,989:37 38.56	40.10	3,173.37 43.70	7,747.19 78.66	6,459.51 93.01	13,414.66 172.53
Depreciation and amortization expense	290.93	286.46	354.90	577.39	684.93	1,331.74
Other expenses (Refer note 4)	878.77	934.83				3,870.84
Total expenses	5,197.63	5,019.21	984.67 4,556.64	1,813.60 10,216.84	1,981.20 9,219.17	18,790.29
Profit before exceptional items, share of equity accounted investees and tax	821.86	775.96	323.15	1,597.82	616.10	1,724.74
Exceptional items (Refer note 7) Profit before share of equity accounted investees and tax	- 821.86	- 775.96	32.04 355.19	- 1,597.82	32.04 648.14	51.49 1,776.23
Share of profit of equity accounted investees (net of tax) Profit before tax	- 821.86	- 775.96	- 355.19	- 1,597.82	- 648.14	- 1,776.23
Tax expense
Current tax	183.52	250.07	144.58	433.59	253.70	496.11
Deferred tax (benefit)/charge Total tax expense	(12.66) 170.86	(76.57) 173.50	(60.92) 83.66	(89.23) 344.36	(119.34) 134.36	(190.91) 305.20
Profit for the period/year	651.00	602.46	271.53	1,253.46	513.78	1,471.03
Other comprehensive income/(loss) Items that will not be reclassified to profit or loss
Remeasurements of defined benefit plans
Income tax on items that will not be reclassified to profit or loss	(67.10) 23.85	14.25 (4.98)	1.70 (1.11)	(52.85) 18.87	(3.74) 1.83	21.55 (6.40)
Items that will be reclassified to profit or loss
Exchange differences in translating the financial statements of foreign operations	(64.99)	77.49	(0.41)	12.50	26.50	60.61
Effective portion of gains/(losses) on hedging instruments in cash flow hedges	31.52	(42.39)	51.55	(10.87)	116.12	155.46
Income tax on items that will be reclassified to profit or loss	(11.01)	14.81	(18.01)	3.80	(40.57)	(54.33)
Total other comprehensive income/(loss)	(87.73)	59.18	33.72	(28.55)	100.14	176.89
Total comprehensive income for the period/year	563.27	661.64	305.25	1,224.91	613.92	1,647.92
Profit attributable to Owners of the company
Non-controlling interests Profit for the period/year	651.00 - 651,00	602.46 - 602.46	278.88 (7.35) 271.53	1,253.46 - 1,253.46	519.05 (5.27) 513.78	1,461.37 9.66
						1,471.03
Other comprehensive income attributable to Owners of the company	(87.73)
Non-controlling interests	-	59.18 -	33.48	(28.55) -	99.11	175.97
Other comprehensive income for the period/year	(87.73)	59.18	0.24 33.72	(28.55)	1.03 100.14	0.92 176.89
Total comprehensive income attributable to
Owners of the company	563.27	661.64	312.36	1,224.91	618.16	1,637.34
Non-controlling interests Total comorehensive income for the oeriod/vear	- 563.27	- 661.64	(7.11) 305.25	- 1,224.91	(4.24) 613,92	10.58 1,647.92

Paid up equity capital (face value ( 10 per share) Other equity	2,696.18	2,691.54	2,689.63	2,696.18	2,689.63	2,690.44 9,377.97
Earnings per equity share (face value per share f 10 each)*
Basic	2.42	2.24	1.04	4.66	1.93	5.43
Diluted

2.39 2.21

*EPS are not annualised for the interim periods.

�v *'\v\ �

1.03 4.60 1.92 5.40

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 29 October 2021 and 1 November 2021 respectively. These unaudited consolidated financial results have been prepared in accordance with the Indian Accounting Standards ("Ind-AS") as specified under Section 133 of the Companies Act, 2013 read with Rule J of the Companies (Indian Accounting Standards) Rules, 2015 and Companies (Indian Accounting Standards) Amendment Rules, 2016 and provisions of the Companies Act, 2013.

2 The Statutory auditors of the Company have conducted a limited review of the above unaudited consolidated financial results of the Company for the quarter and half year ended JO September 2021. An unqualified opinion has been issued by them thereon.

3 Standalone information:

	Sr No Particulars		Quarter ended		Half Year ended	Year ended
		30 September	30 June 2021	JO September	30 September	30 September	31 March 2021
		2021	(Unaudited)	2020	2021	2020	(Audited)
		(Unaudited)		(Unaudited)	(Unaudited)	(Unaudited)	(Refer note 8)
a	Revenue from operations	2,904.95	2,533.87	1,903.22	5,438.82	3,652.49	8,028.48
b	Profit before tax	639.85	631.72	224.00	1,271.57	327.97	993.51
C	Net profit for the period	524.31	523.45	204.97	1,047.76	294.47	935.26
d	Other comprehensive income/{loss)	{22.74)	(18.31)	34.13	{41.05)	73.64	116.28
e	Total comprehensive income	501.57	505.14	239.10	1,006.71	368.11	1,051.54

4 Details of foreign exchange gain/(loss) included in above results:

Particulars		Quarter ended		Half Year ended	Year ended
	JO September 2021 (Unaudited)	JO June 2021 (Unaudited)	JO September 2020 {Unaudited)	30 September 2021 (Unaudited)	JO September 2020 {Unaudited)	31 March 2021 (Audited) {Refer note 8)
Foreign exchange gain (net) included in other income	29.86	51.08	-	80.94	-	-
Foreign exchange (loss) (net) included in other expenses	-	-	(0.29)	-	(18.75)	(29.35)

5 Details of finance costs:

Particulars		Quarter ended		Half Year ended	Year ended
	30 September	30 June 2021	30 September	30 September	30 September	31 March 2021
	2021	(Unaudited)	2020	2021	2020	(Audited)
	(Unaudited)		(Unaudited)	(Unaudited)	(Unaudited)	(Refer note 8)
Finance cost on lease liabilities as per Ind-AS 116	26.37	27.99	35.86	54.36	68.34	126.98
Leases
Net foreign exchange loss considered as finance cost*	-	-	(D.70)	-	-	-
Interest expense on working capital loan and term	7.29	6.13	7.30	13.42	18.69	31.55
loan
Other interest expense	4.90	5.98	1.24	10.88	5.98	14.00
Total finance costs	38.56	40.10	43.70	78.66	93.01	172.53

*As per para 6(e) of Ind-AS 23 "Borrowing costs� the exchange differences arising from foreign currency borrowings, to the extent that they are regarded as an adjustment to interest costs, are regrouped from other exchange differences to finance costs.

6 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.

7 a) In tine with the Company's operational efficiency measures, it had consolidated its presence during the quarter ended 30 September 2020, resulting into early termination of some of its existing leased office premises, predominantly in India. Accordingly, as per Ind-AS 116 "Leases", remeasured the lease liability and on prudent assessment, also written-off its property, plant and equipment at the said location. The net impact of t 32.04 million was recognised as an exceptional item in the Statement of Profit and Loss.

b) In the financial year 2016-17, KPIT Technologies GmbH, Germany, had sold its 100% stake in subsidiary KPIT medini Technologies AG. During the quarter ended 31 December 2020, a net amount of EUR 0.23 million (� 19.45 million) had been received as a scheduled final tranche payment of the agreed consideration towards sale of shares of this subsidiary.

8 The Boord of Directors of the Company at its meeting held on 26 July 2019 had approved the Composite Scheme of Arrangement (the 'Scheme') for merger of Impact Automotive Solutions Limited ('Transferor Company'), wholly owned subsidiary of the Company with the Company. Application seeking approval of the Scheme was subsequently filed with Hon'ble National Company Law Tribunal (NCLT), Mumbai Bench on 27 September 2019.

The audited consolidated financial results for the quarter and year ended 31 March 2021 were reviewed by tho Audit Committee and approved by the Board of Directors of the Company at its meeting held on 28 April 2021 without giving effect to the Scheme pending approvals and other regulatory compliances. On receipt of the certified copy of order on 15 June 2021 from NCL T sanctioning the Scheme with effect from the Appointed date 1 April 2019 and upon filing the same with the Registrar of Companies, Maharashtra on 22 June 2021, the Scheme has become effective. Accordingly, the audited consolidated financial results for the quarter and year ended 31 March 2021, as aforesaid have been revised by the Company to give effect of the said merger.

As a consequence of the aforesaid merger, the Company recognized tax benefits accrued amounting to t 11.62 million directly under equity as at 1 April 2019. Tax benefits amounting to t 9.92 million and t 57.06 million are recognized under the revised statement of profit and loss for the financial year ending 31 March 2020 and 31 March 2021 respectively.

9 a) As announced by the Company vide disclosure to the BSE Limited and National Stock Exchange of India Limited on 21 June 2021, the Board of Directors have approved the investment for a staggered purchase of 100% equity of PathPartner Technology Private Limited ("PathPartner"). PathPartner has a small business (- 3%) related to hardware based products. In line with our strategy to focus only on software-led business, this hardware led business is to be divested into a new company ("NewCo") before KPIT investment into controlling stake of PathPartner, services business. With this view in mind and as per the communication dated 27 July 2021 to the BSE Limited and National Stock Exchange of India Limited, during the current quarter the Company has made an initial contribution oft 2.52 million for a non-controlling equity stake of 30% in PathPartner Interior Sensing Private Limited ("NewCo").

b) In line with the communication dated 22 September 2021 to the BSE Limited and National Stock Exchange of India Limited, during the current quarter, the Company has acquired an initial 25% shareholding in FMS Future Mobility Solutions GmbH.

10 a) Ms. Bhavna Doshi has been appointed as an Additional Director and an Independent Director in KPIT Technologies Limited w.e.f. 15 September 2021.

b) Prof. Rajiv Lal is appointed as an Additional Director and an Independent Director in KPIT Technologies Limited w.e.f 1 November 2021.
11 The Indian Parliament had approved the Code on Social Security, 2020 which could impact the contributions by the company towards Provident Fund and Gratuity. The effective date from which the changes are applicable is yet to be notified. The Company will complete its evaluation and will give appropriate impact in the financial results in the period in which, the Code and related rules become effective.

12 Consolidated statement of cash flaws is attached in Annexure A.

Place: Pune Date : 1 November 2021 For and on behalf of the Board of Directors of KPIT TECHNOLOGIES LIMITED CEO & Managing Director DIN: 00076190

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 CIN: L74999PN2018PLC174192

ANNEXURE A: CONSOLIDATED STATEMENT OF CASH FLOWS

			'fin million
Particulars	Half Year ended		Year ended
	30 September	30 September	31 March 2021

	2021	2020	(Audited)
	(Unaudited)	(Unaudited)	(Refer note 8)

A CASH FLOW FROM OPERATING ACTIVITIES
Profit for the period/year	1,253.46	513.78	1,471.03


Adjustments for:
Tax expense	344.36	134.36	305.20
(Profit)/loss on sale of fixed assets (net)	12.90	(0.06)	6.75
Depreciation and amortisation expense	577.39	684.93	1,331.74
Interest expense	78.66	93.01	172.53
Interest income
	(86.87)	(35.77)	(104.19)
Dividend income	(1.91)		(2.23)
Exceptional items		(32.04)	(51.49)
Unrealised loss/(gain) on investment carried at fair value through profit and	(42.99)	(3.89)	(18.33)
loss (net)
Realised gain on investment carried at fair value through profit and loss	(7.79)		(1.41)

Provision for doubtful debts and advances (net)	(32.11)	141.95	192.22
Bad debts written off	27.40	40.13	49.83
Share based compensation expenses	44.92	44.71	103.60
Net unrealised foreign exchange loss/(gain)	5.10	8.44	68.30
Impairment loss	40.94
Others			3.56

Operating profit before working capital changes	2,213.46	1,589.55	3,527.11

Adjustments for changes in working capital:
Trade receivables and unbilled revenue	(354.02)	1,010.69	1,062.92
Inventories		70.22	110.46
Other financial assets, loans and other assets	(55.49)	7.38	209.84

Trade Payables	155.28	115.73	505.50
Other financial liabilities, provisions and other liabilities	806.29	266.29	1,187.67
Cash generated from operations	2,765.52	3,059.86	6,603.50
Taxes paid (net)	(312.77)	(202.61)	(327.46)
Net cash generated from operating activities (A)	2,452.75	2,857.25	6,276.04


B CASH FLOW FROM INVESTING ACTIVITIES
Purchase of property, plant and equipment and intangible assets	(339.50)	(383.02)	(599.75)
Proceeds from sale of property, plant and equipment	0.64	0.18	4.97
Acquisition of non-controlling interest	(231.83)	(187.59)	(225.58)
Investment in mutual fund	(1,070.00)		(2,916.00)
Proceeds from sale of investment in mutual fund
	1,030.91		1,722.06
Deferred consideration received on sale of investment in subsidiary in the past			19.45
(Refer note 7(b) of Part I)
Proceed from sale of investments carried at fair value through profit and loss	41.31	20.10	34.33
Investment in equity accounted investees	(217.86)
Interest received	36.11
Dividend received		21.51	52.97
Fixed deposits with banks (net) having maturity over three months	1.91		2.23
	(1,217.61)	(1,830.07)	(3,103.12)
Net cash used in investing activities (B)	(1,965.92)	(2,358.89)	(5,008.44)

C CASH FLOW FROM FINANCING ACTIVITIES
Repayment of long term loan from banks	(1.71)	(187.94)	(382.03)
Repayment of long term loan from other than banks
	(1.87)
Payment of lease liabilities	(251.27)	(293.48)	(561.14)
Proceeds from working capital loan	1,034.87	1,438.45	2,178.60
Repayment of working capital loan	(1,034.87)	(1,604.55)	(2,344.70)
Proceeds from shares issued / purchased by Employee Welfare Trust (net)	16.02	3.12	6.56
Dividend paid	(403.91)
Interest and finance charges paid
	(18.37)	(24.65)	(45.03)
Net cash used in financing activities (C)	(661.11)	(669.05)	(1,147.74)

D Exchange differences on translation of foreign currency cash and cash	0.11	(17.52)	(21.01)
equivalents
Net increase/(decrease) in cash and cash equivalents (A + B + C + D)
	(174.17)	(188.21)	98.85

Cash and cash equivalents at close of the period/year	2,683.53	2,570.64	2,857.70
Cash and cash equivalents at beginning of the period/year	2,857.70	2,758.85	2,758.85

Cash surplus/(deficit) for the period/year	(174.17)
		(188.21)	98.85

�

	Registered & Corporate Office: Plot-17, Rajiv Gandhi lnfotech Park, MIDC-SEZ, Phase-Ill, Maan, Hinjawadi, Taluka - Mulshi, Pune - 411057		KPIT TECHNOLOGIES LIMITED
	Phone: +91 20 6770 6000 I i!rievances(cllkpit.com I www.kpit.com I CIN : L74999PN2018PLC174192
		PART II: SEGMENT WISE REVENUE, RESULTS AND CAPITAL EMPLOYED					t" in million
Sr	Particulars		Quarter ended				Year ended
No		30 September 2021	30 June 2021 (Unaudited)	30 September 2020	30 September 2021	Half Year ended 30 September 2020	31 March 2021 (Refer note 8 of
		(Unaudited)		(Unaudited)	(Unaudited)	(Unaudited)	Part I)
1	Segment revenue
	Americas		2,338.22			4,117.47	8,514.31
	UK & Europe	2,395.58 2,512.83	2,342.62	2,038.39 2,074.69	4,733.80 4,855.45	4,146.96	6,756.66
	Rest of the World	3,153.45	2,802.56	2,062.22	5,956.01	4,062.70	8,567.08
	Total	8,061.86	7,483.40	6,175.30	15,545.26	12,327.13	25,840.25
	Less: Inter segment revenue	2,153.13	1,809 59	1,320.71	3,962.72	2,545.44	5,482.84
	Revenue from operations	5,908.73	5,673.81	4,654.59	11,562.54	9,781.69	20,357.41
2	Segment results - Profit before tax and interest
	Americas	630.03	783.65	689.54	1,413.68	1,371.36	2,724.88
	UK & Europe	337.22	184.17	133.90	521.39	158.44	772.43
	Rest of the World	415.45	429.01	300.83	844.46	634.77	1,078.89
	Total	1,382.70	1,396.83	1,124.27	2,779.53	2,164.57	4,576.20
	Less:
	- Finance costs	38.56	40.10	43.70	78.66	93.01	172.53
	- Other unallocable expenditure (net of	522.28	580.77	757.42	1,103.05	1,455.46	2,678.93
	unallocable income)
	Profit before exceptional items, share of	821.86	775.96	323.15	1,597.82	616.10	1,724.74
	equity accounted investees and tax
	Exceptional items	-	-	32.04	-	32.04	51.49
	Profit before share of equity accounted investees and tax	821.86	775.96	355.19	1,597.82	648.14	1,776.23
	Share of profit/(loss) of equity accounted investees (net of tax)	-	-	-	-	-	-
	Profit before tax	821.86	775.96	355.19	1,597.82	648.14	1,776.23

3	Segment assets
	Americas	1,187.47	1,529.98	1,151.42	1,187.47	1,151.42	1,136.65
	UK & Europe	1,834.51	1,477.75	1,764.49	1,834.51	1,764.49	1,672.44
	Rest of the World Total	1,225.86 4,247.84	1,038.12 4,045.85	1,039.41 3,955.32	1,225.86 4,247.84	1,039.41 3,955.32	1,007.99 3,817.08
	Unallocated assets	16,943.60	16,479.24	13,748.32	16,943.60	13,748.32	15,858.31
	Total assets	21,191.44	20,525.09	17,703.64	21,191.44	17,703.64	19,675.39
4	Segment liabilities
	Americas	213.40	357.28	485.35	213.40	485.35	340.60
	UK & Europe	739.79	310.87	162.86	739.79	162.86	466.77
	Rest of the World	497.26	559.90	435.57	497.26	435.57	572.60
	Total	1,450.45	1,228.05	1,083.78	1,450.45	1,083.78	1,379.97
	Unallocated liabilities	7,002.49	6,747.54	5,640.50	7,002.49	5,640.50	6,198.27
	Total liabilities	8,452.94	7,975.59	6,724.28	8,452.94	6,724.28	7,578.24

Notes:

1 Segment assets other than trade receivables, unbilled revenue and contract assets, and segment liabilities other than unearned revenue and advance to customers used in the Company's business are not identified to any reportable segments, as these are used interchangeably between segments.

2 The not attributable cost incurred to during any reportable the year segment. to acquire Property, plant and equipment and Intangible assets, Depreciation/Amortisation and non-cash expensr

�\t\

� ^f ) 11/

	L74999PN2018PLC174192 Phone: +91 20 6770 6000	Registered & Corporate Office: Plot-17, Rajiv Gandhi lnfotech Park, MIDC-SEZ, Phase-Ill, Maan, Hinjawadi, Taluka - Mulshi, Pune - 411057
	PART 111: CONSOLIDATED BALANCE SHEET		r in million
		As at 30 September 2021 (Unaudited)	As at 31 March 2021 (Refer note 8 of Part I)
A	ASSETS
a.	Non-current assets Property, plant and equipment	1,868.99	1,968.11
b.	Right-of-use assets	2,304.49	2,505.07
c.	Capital work-in-progress	136.70	117.90
d.	Goodwill	973.15	1,013.76
e. f.	Other intangible assets Intangible assets under development	417.68	282.17
g.	Equity accounted investees	6.76 217.86	2.62
h.	Financial assets
	Investments	10.43	10.43
	Other financial assets	221.69	81.57
	Income tax assets (net)	158.95	150.09
j. k.	Deferred tax assets (net) Other non-current assets	657.78 22.96	553.67 32.79
		6,997.44	6,718.38
2	Current assets
a.	Inventories
b.	Financial assets
	Investments Trade receivables	1,310.15 3,604.79	1,261.59 3,083.47
	Cash and cash equivalents	2,683.53	2,857.70
	Other balances with banks	5,230.12	4,150.27
	Loans		4.34
	Unbilled revenue	537.89	693.60
	Other financial assets	386.05	536.99
c.	Other current assets	441.47 14,194.00	369.05 12,957.01

	TOTAL ASSETS	21,191.44	19,675.39

B	EQUITY AND LIABILITIES
a.	Equity Equity share capital	2,696.18	2,690.44
b.	Other equity	10,042.32	9,377.97
	Equity attributable to owners of the Company	12,738.50	12,068.41
	Non-controlling interest		28.74
	Total equity	12,738.50	12,097.15
	Liabilities
	Non-current liabilities
a.	Financial liabilities
	Borrowings	22.47	24.04
	Lease liabilities	1,748.95	1,900.56
b.	Other financial liabilities Provisions	615.82 134.02	280.49 96.40
c.	Deferred tax liabilities (net)	0.07	0.07
		2,521.33	2,301.56
2	Current liabilities
a.	Financial liabilities
	Borrowings Lease liabilities	4.35 329.07	7.29 367.86
	Trade payables
	(i) Total outstanding dues of micro enterprises and small enterprises	1.14	2.47
	(ii) Total outstanding dues of creditors other than micro enterprises and small enterprises	1,507.04	1,349.95
	Other financial liabilities	857.63	861.41

b.	Other current liabilities	2,345.35
c. d.	Provisions Income tax liabilities (net)	518.86
		368.17 5,931.61

	TOTAL EQUITY AND LIABILITIES	21,191.44	2,104.42 336.17 247.11 5,276.68 19,675.39









	Place : Pune	Kishor ti CEO & Managing Director

BS R & Co. LLP

Chartered Accountants

8th floor, Business Plaza, Westin Hotel Campus, 36/3-B, Koregaon Park Annex, Mundhwa Road, Ghorpadi, Pune-411001, India

Telephone: +91 20 6747 7300 Fax: +91 20 6747 7310

Limited review report on unaudited quarterly consolidated financial results and unaudited consolidated year-to-date results of KPIT Technologies Limited under Regulation 33 of the SEBI (Listing Obligations Disclosure Requirements) Regulations, 2015

Board of Directors ofKPIT Technologies Limited

I. We have reviewed the accompanying Statement of unaudited consolidated financial results of KPIT Technologies Limited ("the Parent") and its subsidiaries (the Parent and its subsidiaries together referred to as "the Group"), and its share of the net profit after tax and total comprehensive income of its associate and joint ventures for the quarter ended 30 September 202 I and year to date results for the period from 1 April 2021 to 30 September 2021 ("the Statement"), being submitted by the Parent pursuant to the requirements of Regulation 33 of the SEBI (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 ofDirectors, has been prepared in accordance with the recognition and measurement principles laid down in Indian Accounting Standard 34 "Interim Financial Reportint' ("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 SEBI under Regulation 33 (8) of the Listing Regulations, to the extent applicable.

BS R & Co. (■ partnership firm with Registration No. BA61223) converted Into BS R & Co. UP �• u _'!'!'_ ed Llablllty Partnership with LLP Registration No. AAB-8181) with effect from October

Principal Olllce:

¹⁴th Floor, Central B Wing ■nd North C Wing, Nesco IT Park 4, Ne14.o Center, We5tern Express Highway, Goregaon (East), Mumbai - 400083

1. The Statement includes the results of the following entities:
a) KPIT Technologies Limited (Parent)

Subsidiaries

b) KPIT Technologies (UK) Limited
c) KPIT (Shanghai) Software Technology Co. Limited
d) KPIT Technologies Netherland B.V.
e) KPIT Technologies GmbH
f) Microfuzzy KPIT Technologia Ltda
g) Microfuzzy lndustrie-Elektronic GmbH
h) KPIT Technologies Limited GK (fonned on 2 April 2018)
i) KPIT Technologies Inc ( fonned on 3 April 2018)
j) KPIT Technologies Holding Inc (formed on 6 September 2018)
k) KPIT Technologies PTE Limited (fonned on 21 November 2018)
l) ThaiGer Tee Co Limited (with effect from I April 2019)

Joint Venture and Associates

m) Yantra Digital Services Private Limited
n) FMS Future Mobility Solutions GmbH (with effect from 28 September 2021)
o) PathPartner Interior Sensing Private Limited (with effect from 28 September 2021)
1. Based on our review conducted and procedures performed as stated in paragraph 3 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 contains any material misstatement.
1. The Statement includes the Group's share of net profit after tax of Rs. Nil and Rs. Nil and total comprehensive income of Rs. Nil and Rs. Nil for the quarter ended 30 September 2021 and for the period from I April 2021 to 30 September 2021, respectively, as considered in the consolidated unaudited financial results, in respect of its associate and joint venture as described in para 4 above, based on their interim financial information which have not been reviewed. According to the information and explanations given to us by the management, these interim financial information are not material to the Group.

Our conclusion on the Statement is not modified in respect of the above matter.

BS R&Co. LLP

We draw attention to Note 8 to the Statement regarding revision of the audited consolidated financial results for the year ended 3 1 March 2021, by the Parent Company's management consequent to the approval of Composite Scheme of Arrangement between the Parent Company and Impact Automotive Solutions Limited, wholly owned subsidiary of the Parent Company by the National Company Law Tribunal (NCLT), Mumbai Bench vide its certified order dated 15 June 2021, with appointed date of I April 2019, and certified copy of the order sanctioning the Scheme filed by the Company with Registrar of the Companies, Maharashtra, on 22 June 2021.

Our conclusion on the Statement is not modified in respect of the above matter.

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

�:.t:das Partner Membership No.: 113896 UDIN: 21 l 13896AAAAGB7065

Place: Pune Date: l November 2021

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 6000I�[email protected] I CIN: L74999PN2018PLC174192

PART I: STATEMENT OF UNAUDITED STANDALONE FINANCIAL RESULTS FOR THE QUARTER AND HALF YEAR ENDED 30 SEPTEMBER 2021

				r in million (except per share data)
Particulars		Quarter ended·			Half Year ended	Year ended
	30 September 2021	30 June 2021 (Unaudited)	30 September 2020	30 September 2021	30 September 2020	31 March 2021 (Audited)
	(Unaudited)		(Unaudited) (Refer note 8)	(Unaudited)	(Unaudited) (Refer note 8)	(Refer note B)

Revenue from operations	2,904.95	2,533.87	1,903.22	5,438.82	3,652.49	8,028.48
Other income: Net gain on investments carried at fair value through profit and loss	21.39	21.60	0.68	42.99	3.89	18.33
Bank interest, dividend income and realised gain on mutual fund investments	51.68	39.10	18.91	90.78	28.77	91.22
Others (Refer note 3)	44.78	72.00	7.22	116.78	14.23	66.35
Total Income	3,022.80	2,666.57	1,930.03	5,689.37	3,699.38	8,204.38
Expenses
	-	-	-	-	0.52	0.52
Cost of materials consumed
Employee benefits expense	1,777.54	1,517.58	1,093.01	3,295.12	2,189.33	4,875.68
Finance costs (Refer note 4)	16.97	16.39	21.33	33.36	52.22	86.40
Depreciation and amortization expense	200.84	196.07	240.29	396.91	471.31	911.12
Other expenses (Refer note 3)	387.60	304.81	383.43	692.41	690.06	1,369.18
Total expenses	2,382.95	2,034.85	1,738.06	4,417.80	3,403.44	7,242.90
Profit before exceptional items and tax	639.85	631.72	191.97	1,271.57	295.94	961.48
Exceptional items (Refer note 7)	-	-	32.03	-	32.03	32.03
Profit before tax	639.85	631.72	224.00	1,271.57	327.97	993.51
Tax expense
Current tax	112.84	157.14	81.31	269.98	118.64	193.50
Deferred tax (benefit)/charge	2.70	(48.87)	(62.28)	(46.17)	(85.14)	(135.25)
Total tax expense	115.54	108.27	19.03	223.81	33.50	58.25
Profit for the period/year	524.31	523.45	204.97	1,047.76	294.47	935.26
Other comprehensive income/(loss)

Items that will not be reclassified to profit or toss
Remeasurements of defined benefit plans	(67.10)	14.25	1.70	(52.85)	(3.74)	21.55
Income tax on items that will not be reclassified to profit or	23.85	(4.98)	(1.11)	18.87	1.83	(6.40)
loss
Items that will be reclassified to profit or loss
Effective portion of gains / (tosses) on hedging instruments in cash flow hedges	31.52	(42.39)	51.55	(10.87)	116.12	155.46
Income tax on items that will be reclassified to profit or loss	(11.01)	14.81	(18.01)	3.80	(40.57)	(54.33)
Total other comprehensive income/(loss)	(22.74)	(18.31)	34.13	(41.05)	73.64	116.28
Total comprehensive income for the period/year	501.57	505.14	239.10	1,006.71	368.11	1,051.54

Paid up equity capital (face value t 10 per share) Other equity	2,696.18	2,691.54	2,689.63	2,696.18	2,689.63	2,690.44 7,792.21
Earnings per equity share (face value per share t 10 each)*
Basic	1.95	1.95	0.76	3.89	1.10	3.48
Diluted	1.92	1.92	0.76	3.84	1.09	3.46
*EPS are not annualised for the interim periods.

Notes:

1 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 29 October 2021 and 1 November 2021 respectively. These unaudited standalone financial results have been prepared in accordance with the Indian Accounting Standards ("Ind-AS") as specified under Section 133 of the Companies Act, 2013 read with Rule 3 of the Companies (Indian Accounting Standards) Rules, 2015 and Companies (Indian Accounting Standards) Amendment Rules, 2016 and provisions of the Companies Act, 2013.

2 The statutory auditors of the Company have conducted a limited review of the above unaudited standalone financial results of the Company for the.quarter and half year ended 30 September 2021. An unqualified opinion has been issued by them thereon.

Details of foreign exchange gain/ (loss) included in above results: Particulars		Quarter ended		Halt Year ended		Year ended
	30 September 2021 (Unaudited)	30 June 2021 (Unaudited)	30 September 2020 {Unaudited) (Refer note 8)	30 September 2021 (Unaudited)	30 September 2020 (Unaudited) (Refer note 8)	31 March 2021 (Audited) (Refer note 8)
Foreign exchange gain (net) included in other income Foreign exchange gain/(loss) (net) included in other expenses	40.55 -	66.14 -	- 5.32	106.69 -	- (10.12)	28.36 -

4 Details of finance costs:

Particulars		Quarter ended			Half Year ended
	30 September 2021 (Unaudited)	30 June 2021 (Unaudited)	30 September 2020 {Unaudited) (Refer note 8)	30 September 2021 {Unaudited)	30 September 2020 {Unaudited) (Refer note 8)	31 March 2021 (Audited) (Refer note 8)
Finance cost on lease liabilities as per Ind-AS 116 Leases	12.10	12.86	19.47	24.96	42.09	70.43
Net foreign exchange loss considered as finance cost*	-	-	(0.70)	-	-	-
Interest expense on working capital loan and term loan	0.55	0.40	1.63	0.95	7.60	9.76
Other interest expense	4.32	3.13	0.93	7.45	2.53	6.21
Total finance costs	16.97	16.39	21.33	33.36	52.22	86.40

*As per para 6(e) of Ind-AS 23 "Borrowing costs"', the exchange differences arising from foreign currency borrowings, to the extent that they are regarded as an adjustment to interest costs, are regrouped from other exchange differences to finance costs.

6 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.

7 In line with the Company's operational efficiency measures, it had consolidated its presence during the quarter ended 30 September 2020, resulting into early termination of some of its existing leased office premises in Pune, India. Accordingly, as per Ind-AS 116 "Leases", remeasured the lease liability and on prudent assessment, also written-off its property, plant and equipment at the said location. The net impact of t 32.03 million was recognised as an exceptional item in the Statement of Profit and Loss.
8 The Board of Directors of the Company at its meeting held on 26 July 2019 had approved the Composite Scheme of Arrangement (the 'Scheme') for merger of Impact Automotive Solutions Limited ('Transferor Company'), wholly owned subsidiary of the Company with the Company. Application seeking approval of the Scheme was subsequently tiled with Hon'ble National Company Law Tribunal (NCLT), Mumbai Bench on 27 September 2019.

The unaudited standalone financial results for the quarter and half year ended 30 September 2020 and the audited standalone financial results for the year ended 31 March 2021 were reviewed by the Audit Committee and approved by the Board of Directors of the Company at their respective meetings held on 21 October 2020 and 28 April 2021 without giving effect to the Scheme pending approvals and other regulatory compliances. On receipt of the certified copy of order on 15 June 2021 from NCLT sanctioning the Scheme with effect from the Appointed date 1 April 2019 and upon tiling the same with the Registrar of Companies, Maharashtra on 22 June 2021, the Scheme has become effective. Accordingly, the unaudited standalone financial results for the quarter and half year ended 30 September 2020 and the audited standalone financial results for the year ended 31 March 2021, as aforesaid have been revised by the Company to give effect of the said merger.

9 As announced by the Company vide disclosure to the BSE Limited and National Stock Exchange of India Limited on 21 June 2021, the Board of Directors have approved the investment for a staggered purchase of 100% equity of PathPartner Technology Private Limited ("PathPartner"). PathPartner has a small business (- 3%) related to hardware based products. In line with our strategy to focus only on software-led business, this hardware led business ls to be divested into a new company ("NewCo") before KPIT investment into controlling stake of PathPartner, services business. With this view in mind and as per the communication dated 27 July 2021 to the BSE Limited and National Stock Exchange of India Limited, during the current quarter the Company has made an initial contribution oft 2.52 million for a non-controlling equity stake of 30% in PathPartner Interior Sensing Private Limited ("NewCo").
10 a) Ms. Bhavna Doshi has been appointed as an Additional Director and an Independent Director in KPIT Technologies Limited w.e.f. 15 September 2021. b) Prof. Rajiv Lal is appointed as an Additional Director and an Independent Director in KPIT Technologies Limited w.e.f 1 November 2021.
11 The Indian Parliament had approved the Code on Social Security, 2020 which could impact the contributions by the company towards Provident Fund and Gratuity. The effective date from which the changes are applicable Is yet to be notified. The Company will complete its evaluation and will give appropriate impact in the financial results in the period in which, the Code and related rules become effective.
12 Statement of Cash flows is attached in Annexure A.

	For and on behalf of the Board of Directors of KPIT TECHNOLOGIES LIMITED
	X
	\� I[/ - � � vi) Pandit
Place: Pune Date: 1 November 2021	.B. Kisha C airman & Group CEO CEO & M ,maging Director DIN : 00075861 DIN : 00076190

...

⁵ 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.

KPIT TECHNOLOGIES LIMITED

ANNEXURE A: STANDALONE STATEMENT OF CASH FLOWS

			r in million
Particulars	Half Year ended 30 September 30 September		Year enaea 31 March 2021
	2021 (Unaudited)	2020 (Unaudited) (Refer note 8)	(Audited) (Refer note 8)
A CASH FLOW FROM OPERATING ACTIVITIES
Profit for the period/year	1,047.76	294.47	935.26
Adjustments for:
Tax expense	223.81	33.50	58.25
(Profit)/loss on sale of property, plant and equipment and intangible assets (net)	12.90	(0.06}	3.96
Depreciation and amortization expense	396.91	471.31	911.12
Interest expense	33.36	52.22	86.40
Interest income	(85.13)	(42.51}	(114.18)
Dividend income	(1.91}	-	(2.23)
Exceptional items	-	(32.03}	(32.03)
Unrealised loss/(gain) on investment carried at fair value through profit and loss (net)	(42.99)	(3.89) -	(18.33)
Realised gain on investment carried at fair value through profit and loss Provision for doubtful debts and advances (net)	(7.79) (50.28}	49.79	(1.41) 125.95
Bad debts written off	27.39	36.72	37.25
Share based compensation expenses	29.94	28.55	67.49
Unrealised foreign exchange loss/(gain)	(10.69)	50.91	135.58
Others	-	-	4.80
Operating profit before working capital changes	1,573.28	938.98	2,197.88
Adjustments for changes in working capital:
Trade receivables and unbilled revenue	(247.41)	1,072.71	1,207.53
Inventories	-	70.22	110.46
Other financial assets and other assets	(44.67}	20.20	282.72
Trade Payables	68.28	(36.97}	(5.96)
Other financial liabilities, other liabilities and provisions	453.21	246.83	552.26
Cash generated from operations	1,802.69	2,311.97	4,344.89
Taxes paid (net) Net cash generated from operating activities (A)	(238.93) 1,563.76	(160.01) 2,151.96	(166.87} 4,178.02
B CASH FLOW FROM INVESTING ACTIVITIES
Purchase of property, plant and equipment and intangible assets	(297.07)	(282.95)	(462.50)
Proceeds from sale of property, plant and equipment	0.64	0.16	4.97
Investment in subsidiary	(0.11)	-	(0.01)
Investment in an associate	(2.52)	-	-
Investment in mutual fund	(1,070.00)	-	(2,916.00)
Proceeds from sale of investment in mutual fund	1,030.91	-	1,722.06
Proceed from sale of investments carried at fair value through profit and loss	41.31 -	20.10 -	34.33
Loan repaid by subsidiary companies			498.30
Interest received Dividend received	35.09	31.27 -	71.05
Fixed deposits with banks (net) having maturity over three months	1.91 (849.66}	(1,426.12}	2.23 (2,581.79}
Net cash used in investing activities (B)	(1,109.50)	(1,657.54)	(3,627.36)
C CASH FLOW FROM FINANCING ACTIVITIES
Repayment of long term loan from banks	(1.71)	(187.94)	(382.03)
Payment of lease liabilities	(98.67)	(120.55)	(220.55)
Repayment of long term loan from other than banks	(1.87}	-	-
Proceeds from working capital loan	1,034.87	1,438.45	2,178.60
Repayment of working capital loan	(1,034.87)	(1,604.55}	(2,344.70)
Proceeds from shares issued/purchased by Employee Welfare Trust (net)	16.02	3.12	6.56
Dividend paid including corporate dividend tax	(403.91}	-	-
Interest and finance charges paid	(2.47}	(10.17}	(15.77)
Net cash used in financing activities (C)	(492,61}	(481.64)	(777.89)
D Exchange differences on translation of foreign currency cash and cash equivalents	(2.64}	(14.72}	(15.54)
Net (decrease) / increase in cash and cash equivalents (A + B + C + D)	(40.99}	(1.94)	(242.77}

Cash and cash equivalents at close of the period/year	397.26	679.08	438.25
Cash and cash equivalents at beginning of the period/year	438.25	681.02	681.02
Cash (deficit) / surplus for the period/year	(40.99)	(1.94)	n (242.77
			J:\/

� �

	PART II: STANDALONE BALANCE SHEET
			r in million
		As at 30 September 2021 (Unaudited)	As at 31 March 2021 (Audited) (Refer note 8 of Part I)
	A ASSETS
	Non-current assets	1,617.86	1,700.17
	a. Property, plant and equipment b. Right-of-use assets	766.43	833.06
	c. Capital work-in-progress	136.23	117.54
	d. Other intangible assets	385.03	259.73
	e. Intangible assets under development	4.70	2.82
f.	Financial assets
	Investments	2,774.29	2,771.66
	Other financial assets	201.71	57.39 122.45
	g. Income tax assets (net) h. Deferred tax assets (net)	105.44 513.29	453.07
	i. Other non-current assets	19.82	29.02
		6,524.80	6,346.91
	2 Current assets
	a. Inventories
	b. Financial assets
	Investments Trade receivables	1,310.15 1,874.55	1,261.59 1,637.06
	Cash and cash equivalents	397.26	438.25
	Other balances with banks	3,360.38	2,648.48
	Unbilled revenue	281.63	235.69
	Other financial assets	431.08	403.35
	C. Other current assets	292.02	226.25
		7,947.07	6,850.67
	TOTAL ASSETS	14,471.87	13,197.58
	B EQUITY AND LIABILITIES
	Equity
	a. Equity share capital	2,696.18	2,690.44
	b. Other equity	8,450.06	7,792.21
		11,146.24	10,482.65
	Liabilities
	Non-current liabilities a. Financial liabilities
	Borrowings	22.47	24.04
	Lease liabilities	407.03	443.68
	Other financial liabilities	361.36	146.65
	b. Provisions	134.02	95.62
		924.88	709.99
a.	2 Current liabilities Financial liabilities
	Borrowings	4.35	7.29
	Lease liabilities	91.19	123.35
	Trade payables
	(i) Total outstanding dues of micro enterprises and small enterprises	1.14	2.47
	(ii) Total outstanding dues of creditors other than micro enterprises and small enterprises	551.94	482.53
	Other financial liabilities b. Other current liabilities	536.15 950.85	303.08 884.32
	c. Provisions	222.46	164.65
	d. Income tax liabilities (net)	42.67	37.25
		2,400.75	2,004.94
	TOTAL EQUITY AND LIABILITIES
	For and on behalf of the Board of Directors of KPIT TECHN IT	14,471.87	13,197.58

CEO & Managing Director DIN : 00076190

Place: Pune Date: 1 November 2021

BS R & Co. LLP

Chartered Accountants

8th floor, Business Plaza, Westin Hotel Campus, 36/3-B, Koregaon Park Annex, Mundhwa Road, Ghorpadi, Pune - 411001, India

Telephone: +91 20 6747 7300 Fax: +91 20 6747 7310

Limited review report on unaudited quarterly standalone financial results and unaudited standalone year-to-date results of KPIT Technologies Limited under Regulation 33 of the SEBI (Listing Obligations Disclosure Requirements) Regulations, 2015 ("Listing Regulation")

To

Board of Directors ofKPIT Technologies Limited

I. We have reviewed the accompanying Statement of unaudited standalone financial results of KPIT Technologies Limited ("the Company") for the quarter ended 30 September 2021 and year to date results for the period from I April 202 I to 30 September 2021 (''the Statement'').
1. This Statement, which is the responsibility of the Company's management and approved by the 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 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. This standard requires that we plan and perform the review to obtain moderate assurance as to whether the Statement is free of material misstatement. A review is limited primarily to inquiries of company personnel and analytical procedures applied to financial data and thus provides less assurance than an audit. We have not performed an audit and 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 applicable accounting standards and other recognised accounting practices and policies has not disclosed the information required to be disclosed in terms of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 including the manner in which it is to be disclosed, or that it contains any material misstatement.

BS R & Co. (a pertnershlp firm with Registration No. BA61223J converted Into 8 SR a Co. UP I• Limited Liabillty Partnership with LLP Registration No. AAB-8181) with effect from October 1•.2013

Prlnap.i 01t1oo,

14th Aoo,. Central B Wing and Nor1h C Wing, Nesco IT Park 4, Nesco Center, Western Expreu Highway. Goregaon (East). Mumbai - 400063

BS R & Co. LLP

We draw attention to Note 8 to the Statement regarding revision of the unaudited standalone financial results for the quarter and year to-date ended 30 September 2020, and audited standalone financial results for the year ended 31 March 2021, by the Company's management consequent to the approval of Composite Scheme of Arrangement between the Company and Impact Automotive Solutions Limited, wholly owned subsidiary of the Company by the National Company Law Tribunal (NCLT), Mumbai Bench vide its certified order dated 15 June 2021, with appointed date of 1 April 2019, and certified copy of the order sanctioning the Scheme filed by the Company with Registrar of the Companies, Maharashtra, on 22 June 2021.

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

(!)�v-- Swapnil Dakshindas

Partner Membership No.: 113896 UDIN: 21113896AAAAGA4444

Place: Pune Date: 1 November 2021 November 1, 2021

To,

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

Symbol: KPITTECH Series: EQ

Kind Attn: The Manager, Listing Department

Subject:- Unaudited financial results of KPIT Technologies ("the Company") for the quarter and half year ended September 30, 2021.

Dear Sir / Madam,

With reference to the captioned subject, we wish to submit that, there is a difference of Rs. 45.25 million in the paid-up equity share capital of the Company as reported in the shareholding pattern submitted for the quarter ended September 30, 2021 (Rs. 2,741.⁴3 million) and unaudited financial results for the relevant quarter ended September 30, 2021 (Rs. 2696.¹ 8 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 4.52 million equity shares in the Company (total face value of Rs. 45.25 million at Rs. 10/- per share) as on September 30, 2021.

Request you to please take note of the same.

Thanking you.

Yours faithfully,

For KPIT Technologies Limited

Nida Deshpande Company Secretary & Compliance Officer

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

KP 11·

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KPIT Technologies Ltd Regulatory Filings 2021

59234_rns_2021-11-01_1bdb5cb4-4865-4e87-adc4-95796acd713c.pdf

Subject: - Outcome of the Board Meeting commenced on October 30, 2021 (at 1.00 p.m.) and concluded today, i.e. on November 1, 2021 (at 3.45 p.m.)