KPIT Technologies Ltd — Regulatory Filings 2021

Jul 26, 2021

==> picture [38 x 27] intentionally omitted <==

KP 11·

July 26, 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 - 400051.

Symbol: KPITTECH Series: EQ

Kind Attn: The Manager, Listing Department

Subject: Outcome of the Board Meeting held on July 26, 2021.

Time of Commencement of the Board Meeting: 09:30 a.m. Time of Conclusion of the Board Meeting : 04:00 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 standalone and consolidated unaudited financial results of the Company for the quarter ended June 30, 2021.

Unaudited Standalone Financial Results and Consolidated Financial Results for the quarter ended June 30, 2021, along with Limited Review Reports thereon and investor update are being sent separately.

Kindly take the same on your records.

Thanking you.

Yours faithfully,

-�� For KPIT Technologies Limited .,� ,_ � Nida Deshpande Company Secretary & Compliance Officer

0 +91 20 6770 6000 E info@kpit.com W kpit.com

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

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 6000Igrievances@kpit.comIwww.kpit.com I CIN : L74999PN2018PLC174192

PART I: STATEMENT OF UNAUDITED CONSOLID ATED FINANCIAL RESULTS FOR THE QUARTER ENDED 30 JUNE 2021

	KPIT TECHNOLOGIES LIMITED orporateOffice- Plot-17, Rajiv Gandhi lnfotech Park, MIDC-SEZ, Phase-Ill,Maan,Hinjawadi, Taluka- Mulshi, Pune- 411057 Phone : +91 20 6770 6000Igrievances@kpit.comIwww.kpit.comI CIN : L74999PN2018PLC174192	KPIT TECHNOLOGIES LIMITED orporateOffice- Plot-17, Rajiv Gandhi lnfotech Park, MIDC-SEZ, Phase-Ill,Maan,Hinjawadi, Taluka- Mulshi, Pune- 411057 Phone : +91 20 6770 6000Igrievances@kpit.comIwww.kpit.comI CIN : L74999PN2018PLC174192
	I: STATEMENT OF UNAUDITED CONSOLID ATED FINANCIAL RESULTS FOR THE QUARTER ENDED 30 JUNE 2021
Particvlars Revenue from operations Other income Net gain on investment Bank interest, dividend Others (Refer note 4) Total income Expenses Cost of materials consum Employee benefits expen Finance costs (Refer note Depreciation and amortiz Other expenses (Refer no Totalexpenses Profit before exceptional Exceptional items (Refer Profit before share of eq Share of profit of equity a Profit before tax Tax expense Current tax Deferred tax (benefit)/cha Totaltaxexpense Profit for the period/yea Other comprehensive inc Items that will not be rec Remeasurements of de Income tax on items that Items that will be reclass Exchange differences i operations Effective portion of gai hedges Income tax on items that Total other comprehensi Total comprehensive inc Profit attributable to Owners of the compan Non-controlling interes Profit fortheperiod/yea Other comprehensive inc Owners of the compan Non-controlling interes Other comprehensive inc Total comprehensive inc Owners of the compan Non-controlling interes Total comprehensive inc Paid up equity capital (fac Other equity Earnings per equity shar Basic Diluted *EPS are not annualised f Notes:	s carried at fair value through profit and loss income and realised gain on mutual fund investments ed se 5) ation expense te 4) items, share of equity accounted investee and tax note 7) uity accounted investee and tax ccounted investee (net of tax) rge r ome/{loss) lassified to profit or loss fined benefit plans will not be reclassified to profit or loss ified to profit or loss n translating the financial statements of foreign ns/(losses) on hedging instruments in cash flow will be reclassified to profit or loss ve income/(loss) ome for the period/year y ts r ome attributable to y ts ome for the period/year ome attributable to y ts ome for the period/year e valuet10 per share) e (face value per share t 10 each) or the interim periods.*	30 June 2021 (Unaudited) 5,673.81 21.60 39.31 60.45 5,795.17 - 3,757.82 40.10 286.46 934.83 5,019.21 775.96 - 775.96 - 775.96 250.07 (76.57) 173.50 602.46 14.25 (4.98) 77.49 (42.39) 14.81 59.18 661.64 602.46 - 602.46 59.18 - 59.18 661.64 - 661.64 2,691.54 2.24 2.21 Quarter ended 31 March 2021 (Audited) (Refer note 8 & 10) 5,403.27 11.56 33.24 18.29 5,466.36 - 3,530.95 39.69 309.09 996.73 4,876.46 589.90 - 589.90 - 589.90 93.53 (31.14) 62.39 527.51 27.46 (8.99) (45.87) 59.88 (20.93) 11.55 539.06 524.59 2.92 527.51 12.70 (1.15) 11.55 537.29 1.77 539.06 2,690.44 1.95 1.93 � in million (except per share data) Year ended 30 June 2020 31 March 2021 (Unaudited) (Audited) (Refer note 8) 4,927.10 20,357.41 3.21 18.33 10.11 92.00 15.06 47.29 4,955.48 20,515.03 0.52 0.52 3,286.14 13,414.66 49.31 172.53 330.03 1,331.74 996.53 3,870.84 4,662.53 18,790.29 292.95 1,724.74 - 51.49 292.95 1,776.23 - - 292.95 1,776.23 109.12 496.11 (58.42) (190.91) 50.70 305.20 242.25 1,471.03 (5.44) 21.55 2.94 (6.40) 26.91 60.61 64.57 155.46 (22.56) (54.33) 66.42 176.89 308.67 1,647.92 240.17 1,461.37 2.08 9.66 242.25 1,471.03 65.63 175.97 0.79 0.92 66.42 176.89 305.80 1,637.34 2.87 10.58 308.67 1,647.92 2,689.02 2,690.44 9,377.97 0.89 5.43 0.89 5.40
	ed consolidated financial results have been reviewed by the Audit Committee and thereafter approved and taken on record by the in their meetings held on 23 July 2021 and 26 July 2021 respectively. These unaudited consolidated financial results have been ance with the Indian Accounting Standards ("Ind-AS") as specified under Section 133 of the Companies Act, 2013 read with Rule 3 of dian Accounting Standards) Rules, 2015 and Companies (Indian Accounting Standards) Amendment Rules, 2016 and provisions of the 13.

1 Companies Act, 2013. The above unaudited consolidated financial results have been reviewed by the Audit Committee and thereafter approved and taken on record by the 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 Board of Directors in their meetings held on 23 July 2021 and 26 July 2021 respectively. These unaudited consolidated financial results have been the Companies (Indian Accounting Standards) Rules, 2015 and Companies (Indian Accounting Standards) Amendment Rules, 2016 and provisions of the

==> picture [46 x 25] intentionally omitted <==

==> picture [35 x 58] intentionally omitted <==

==> picture [73 x 64] intentionally omitted <==

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 ended 30 June 2021. An unqualified opinion has been issued by them thereon.

3 4 5	Standalone information:	Standalone information:
	Sr No	Particulars	Quarter ended Yearended
			30 June 2021 (Unaudited)	31 March 2021 (Audited) (Refer note8& 10)	30 June 2020 31 March 2021 (Unaudited) (Audited) {Refer note 8)
	a b C d e	Revenue from operations Profit before tax Net profit for the period Other comprehensive income/(loss) Total comprehensive income	2,533.87 631.72 523.45 (18.31) 505.14	2,378.85 436.69 437.94 57.42 495.36	1,749.27 8,028.48 103.97 993.51 89.50 935.26 39.51 116.28 129.01 1,051.54
	Details of foreign exchangegain/(loss)included in above results:
	Particulars		Quarter ended Year ended
			30 June 2021 (Unaudited)	31 March 2021 {Audited) (Refer note 8 & 10)	30 June 2020 31 March 2021 (Unaudited) {Audited) (Refernote8)
	Foreign exchange gain (net) included in other income Foreign exchange(loss) (net)included in other expenses		51.08 -	~~-~~ {55.37)	- ~~-~~ (18.46) (29.35)
	Details of finance costs:
	Particulars		Quarter ended Year ended
			30 June 2021 (Unaudited)	31 March 2021 (Audited) (Refer note 8 & 10)	30 June 2020 31 March 2021 (Unaudited) (Audited) (Refer note 8)
	Finance cost on lease liabilities as per Ind-AS 116 Leases Net foreign exchange loss considered as finance cost Interest expense on working capital loan and term loan Other interest expense*		27.99 - 6.13 5.98	28.73 - 5.26 5.70	32.48 126.98 0.70 - 11.39 31.55 4.74 14.00
	Total finance costs		40.10	39.69	49.31 172.53
	_As per para 6{e) of Ind-AS 23 "Borrowing casts''_the exchange diferences 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 SSE 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 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, 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 { 32.04 million was recognised 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) has been received as a scheduled final tranche payment of the agreed consideration towards sale of shares of this subsidiary.

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 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 the 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 � 11.62 million directly under equity as at 1 April 2019. Tax benefits amounting to { 9.92 million and � 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 The Indian Parliament has 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.

10 The figures for the quarter ended 31 March 2021 as reported in these consolidated financial results, are the balancing figures between the audited figures in respect of the full financial year and unaudited published year to date figures upto the end of the third quarter of the relevant financial years. � '°' ·"' 00 "'""" '"' ~~' """'·" .,~~ KPIT T NOL IES IMIT D ~~t~~ B. ( vi) Pandit Place : Pune h man & Group CEO � CEO & Managing Director Date : 26 July 2021 : 00075861 DIN: 00076190 -

==> picture [47 x 23] intentionally omitted <==

Registered &	Registered &	KPIT TECHNOLOGIES LIMITED Corporate Office - Plot-17, Rajiv Gandhi lnfotech Park, MIDC-SEZ, Phase-Ill, Maan, Hinjawadi, TaLuka - Mulshi, Pune - 411057 Phone: +91 20 6770 6000Igrievances@kpit.comIwww.kpit.com I CIN: L74999PN2018PLC174192 PART II: SEGMENT WISE REVENUE, RESULTS AND CAPITAL EMPLOYED r in million	KPIT TECHNOLOGIES LIMITED Corporate Office - Plot-17, Rajiv Gandhi lnfotech Park, MIDC-SEZ, Phase-Ill, Maan, Hinjawadi, TaLuka - Mulshi, Pune - 411057 Phone: +91 20 6770 6000Igrievances@kpit.comIwww.kpit.com I CIN: L74999PN2018PLC174192 PART II: SEGMENT WISE REVENUE, RESULTS AND CAPITAL EMPLOYED r in million	KPIT TECHNOLOGIES LIMITED Corporate Office - Plot-17, Rajiv Gandhi lnfotech Park, MIDC-SEZ, Phase-Ill, Maan, Hinjawadi, TaLuka - Mulshi, Pune - 411057 Phone: +91 20 6770 6000Igrievances@kpit.comIwww.kpit.com I CIN: L74999PN2018PLC174192 PART II: SEGMENT WISE REVENUE, RESULTS AND CAPITAL EMPLOYED r in million	KPIT TECHNOLOGIES LIMITED Corporate Office - Plot-17, Rajiv Gandhi lnfotech Park, MIDC-SEZ, Phase-Ill, Maan, Hinjawadi, TaLuka - Mulshi, Pune - 411057 Phone: +91 20 6770 6000Igrievances@kpit.comIwww.kpit.com I CIN: L74999PN2018PLC174192 PART II: SEGMENT WISE REVENUE, RESULTS AND CAPITAL EMPLOYED r in million
Sr No	Particulars		Quarter ended Year ended
			30 June 2021 31 March 2021 30 June 2020 31 March 2021 (Unaudited) {Refer note 8 & 10 {Unaudited) {Refer note 8 of of Part 1) Part I)
1 Segment revenue Americas UK & Europe Rest of the World Total Less : Inter segment revenue Revenue from operations 2 Segment results - Profit before tax and interest Americas UK & Europe Rest of the World Total Less: - Finance costs - Other unallocable expenditure (net of unallocable income) Profitbeforeexceptionalitems,shareofequityaccounted investee and tax Exceptional items Profit before share of equity accounted investee and tax Share of profit/(loss) of equity accounted investee (net of tax) Profit before tax			2,338.22 2,276.97 2,079.08 8,514.31 2,342.62 2,225.86 2,072.27 8,758.86 2,802.56 2,346.89 2,000.48 8,567.08
			7,483.40 6,849.72 6,151.83 25,840.25 1,809.59 1,446.45 1,224.73 5,482.84
			5,673.81 5,403.27 4,927.10 20,357.41
			783.65 692.77 681.82 2,724.88 184.17 296.21 24.54 772.43 429.01 299.33 333.94 1,078.89
			1,396.83 1,288.31 1,040.30 4,576.20 40.10 39.69 49.31 172.53 580.77 658.72 698.04 2,678.93
			775.96 589.90 292.95 1,724.74 - - - 51.49
			775.96 589.90 292.95 - - -		1,776.23 -
			775.96 589.90 292.95		1,776.23
3 Segment assets Americas UK & Europe Rest of the World Total Unallocated assets Total assets 4 Segment liabilities Americas UK & Europe Rest of the World Total Unallocated liabilities Total Liabilities			1,529.98 1,136.65 1,975.05 1,477.75 1,672.44 2,111.35 1,038.12 1,007.99 1,276.04		1,136.65 1,672.44 1,007.99
			4,045.85 16,479.24 20,525.09 357.28 310.87 559.90	.3,817.08 5,362.44 15,858.31 13,144.97 19,675.39 18,507.41 340.60 668.01 466.77 239.82 572,60 463.11	3,817.08 15,858.31 19,675.39 340.60 466.77 572.60
			1,228.05 6,747.54 7,975.59	1,379.97 1,370.94 6,198.27 6,495.50 7,578.24 7,866.44	1,379.97 6,198.27 7,578.24
Notes: 1 Segment assets other than trade receivables, unbilled revenue a advance to customers used in the Company's business are not ide segments. 2 The cost incurred during the year to acquire Property,plant an expenses are not attributable to any reportable segment. Place : Pune �' Date : 26 July 2021			nd contract assets, and segment liabilities other than unearned revenue and ntified to any reportable segments, as these are used interchangeably between d equipment and Intangible assets,Depreciation/ Amortisation and non-cash ,o, '"" o, '""'" o, <Se So•t•'o" o, '""''"'°',rn"[ _ _I av, and1t �,mom, Ch m & Group CEO N: 00075861 DIN: 00 190

==> picture [50 x 36] intentionally omitted <==

r [-]

BS R & Co. LLP

Chartered Accountants

8th floor, Business Plaza, Telephone: +91 20 6747 7300 Westin Hotel Campus, Fax: +91 20 6747 7310 36/3-8, Koregaon Park Annex, Mundhwa Road, Ghorpadi, Pune - 411001, India

Limited review report on unaudited quarterly consolidated financial results of KPIT Technologies Limited under Regulation 33 of the SEBJ (Listing Obligations Disclosure Requirements) Regulations, 2015

To

Board of Directors ofKPIT Technologies Limited

• I. KPIT We have reviewed the accompanying Statement of unaudited consolidated financial results of Technologies Limited ("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 joint venture for the quarter ended 30 June 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').

• 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.

• We conducted our review of the Statement in accordance with the Standard on Review Engagements (SRE) 2410 "Review of Interim Financial Information Petformed by the Independent Auditor of the Entity", issued by the Institute of Chartered Accountants oflndia. 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.

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.

1

8 SR & Co. (a partnership firm with Registration No. BA61223) converted into 8 SR & Co. LLP

Principal Office:

(a Limited Liability Partnership with LLP Registration No. AAB,.8181) with effect from October 14,2013

14th Floor, Central B Wing and North C Wing, Nesco rr Park 4, Nesco Center, Western Express Highway, Goregaon {East}, Mumbai• 400063

BS R & Co. LLP

Limited review report on unaudited quarterly consolidated financial results of KPIT Technologies Limited under Regulation 33 of the SEBI (Listing Obligations Disclosure Requirements) Regulations, 2015 (continued) - 30 June 2021

• e) KPIT Technologies GmbH t[)] Microfuzzy KPIT Technologia Ltda

• g) Microfuzzy lndustrie-Elektronic GmbH

• h) KPIT Technologies Limited GK (formed on 2 April 2018)

• i) KPIT Technologies Inc (formed on 3 April 2018) KPIT Technologies Holding Inc (formed on 6 September 2018)

• k) KPIT Technologies PTE Limited (formed on 21 November 2018)

• 1) ThaiGer Tee Co Limited (with effect from 1 April 2019)

Joint Venture

m) Yantra Digital Services Private Limited

1. Attention is drawn to the fact that the figures for the 3 months ended 31 March 2021 as reported in these financial results are the balancing figures between audited figures in respect of the full previous financial year and the published year to date figures up to the third quarter of the previous financial year. The figures up to the end of the third quarter of previous financial year had only been reviewed and not subjected to audit.

2. 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.

3. The Statement includes the Group's share of net loss after tax of Rs. Nil and total comprehensive loss of Rs. Nil for the quarter ended 30 June 2021, as considered in the consolidated unaudited financial results, in respect of one joint venture, based on their interim financial information which has 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

Limited review report on unaudited quarterly consolidated financial results of KPIT Technologies Limited under Regulation 33 of the SEBI (Listing Obligations Disclosure Requirements) Regulations, 2015 (continued) - 30 June 2021

1. We draw attention to Note 8 to the Statement regarding revision of the audited consolidated financial results for the quarter and year ended 31 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 l 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 B SR & Co. LLP Chartered Accountants Firm's Registration No.: 101248W/W-100022 Swapnil Daksbindas 0-[--] Partner

Place: Pune

Date: 26 July 2021

Membership No.: 113896 UD1N:21113896AAAAEN4557

KPIT TECHNOLOGIES LIMITED Registered & Corporate Office - Plot-17, Rajiv Gandhi lnfote�h Park, MIDC-SEZ, Phase-Ill, Maan, Hinjawadi, Taluka - Mulshi, Pune - 41105Phone: +91 20 6770 6000I,:!rievances@kpit.comIwww.kpit.com I CIN: L74999PN2018PLC174192

STATEMENT OF UNAUDITED STANDALONE FINANCIAL RESULTS FOR THE QUARTER ENDED 30 JUNE 2021

	l in million(except per share data)	l in million(except per share data)	l in million(except per share data)	l in million(except per share data)
Particulars Revenue from operations Other income: Net gain on investments carried at fair value through profit and loss Bank interest, dividend income and realised gain on mutual fund investments Others (Refer note 3) Total Income Expenses Cost of materials consumed Employee benefits expense Finance costs (Refer note 4) Depreciation and amortization expense Other expenses (Refer note 3) Total expenses Profit before exceptional items, share of equity accounted investee and tax Exceptional items (Refer note 7) Profit before share of equity accounted investee and tax Share of profit of equity accounted investee (net of tax) Profit before tax Tax expense Current tax Deferred tax (benefit)/charge Total tax expense Profit for the period/year 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 Items that will be reclassified to profit or loss Effective portion of gains / (losses) on hedging instruments in cash flow hedges Income tax on items that will be reclassified to profit or loss Total other comprehensive income/(loss) Total comcrehensive income for the period/year Paid up equity capital (face value_t_10 per share) Other equity Earnings per equity share (face value per share_t_10each) Basic Diluted _EPS are not annualised for the interim periods._ 30 June 2021 (Unaudited) 2,533.87 21.60 39.10 72.00 2,666.57 1,517.58 16.39 196.07 304.81 2,034.85 631.72 631.72 631.72 157.14 (48.87) 108.27 523.45 14.25 (4.98) (42.39) 14.81 (18.31) 505.14 2,691.54 1.95 1.92 Quarter ended 31 March 2021 30 June 2020 (Audited) (Unaudited) (Refer note 8 & (Refer note 8) 10) 2,378.85 32.99 44.56 2,456.40 1,364.48 18.16 211.00 426.07 2,019.71 436.69 436.69 436.69 13.79 (15.04) (1.25) 437.94 27.46 (8.99) 59.88 (20.93) 57.42 495.36 2,690.44 1.63 1.61 1,749.27 3.21 9.86 7.01 1,769.35 0.52 1,096.32 30.89 231.02 306.63 1,665.38 103.97 103.97 103.97 37.33 (22.86) 14.47 89.50 (5.44) 2.94 64.57 (22.56) 39.51 129.01 2,689.02 0.33 0.33	Quarter ended			Year ended
		31 March 2021 (Audited) (Refer note 8 & 10) 2,378.85 32.99 44.56 2,456.40 1,364.48 18.16 211.00 426.07 2,019.71 436.69 436.69 436.69 13.79 (15.04) (1.25) 437.94 27.46 (8.99) 59.88 (20.93) 57.42 495.36 2,690.44 1.63 1.61	30 June 2020 (Unaudited) (Refer note 8) 1,749.27 3.21 9.86 7.01 1,769.35 0.52 1,096.32 30.89 231.02 306.63 1,665.38 103.97 103.97 103.97 37.33 (22.86) 14.47 89.50 (5.44) 2.94 64.57 (22.56) 39.51 129.01 2,689.02 0.33 0.33	31 March 2021 (Audited) (Refer note 8) 8,028.48 18.33 91.22 66.35 8,204.38 0.52 4,875.68 86.40 911.12 1,369.18 7,242.90 961.48 32.03 993.51 993.51 193.50 (135.25) 58.25 935.26 21.55 (6.40) 155.46 (54.33) 116.28 1,051.54 2,690.44 7,792.21 3.48 3.46

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 23 July 2021 and 26 July 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 ended 30 June 2021. An unqualified opinion has been issued by them thereon.

3 4	Details of foreign exchangegain/(loss) included in above resu	Details of foreign exchangegain/(loss) included in above resu	lts:	lts:	lts:	lts:	lts:
	Particulars			Quarter ended			Year ended
				30 June 2021 (Unaudited)	31 March 2021 (Audited) (Refer note 8 & 10)	30 June 2020 (Unaudited) (Refer note 8)	31 March 2021 (Audited) (Refer note 8)
	Foreign exchange gain (net) included in other income Foreign exchange (loss) (net) included in other expenses Details of finance costs: Particulars			66.14 (35.71) (15.44) 28.36 Quarter ended Year ended
				30 June 2021 (Unaudited) 12.86 0.40 3.13 16.39	31 March 2021 (Audited) (Refer note 8 & 10) 13.80 0.93 3.43 18.16	30 June 2020 (Unaudited) (Refer note 8) 22.62 0.70 5.97 1.60 30.89	31 March 2021 (Audited) (Refer note8) 70.43 9.76 6.21 86.40
	Finance cost on lease liabilities as per Ind-AS 116 Leases Net foreign exchange loss considered as finance cost* Interest expense on working capital loan and term loan Other interest expense
	Total finance costs

• *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.

• 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.

• 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� 32.03 million was recognised 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 filed with Hon'ble National Company Law Tribunal (NCLT), Mumbai Bench on 27 September 2019.

The unaudited standalone financial results for the quarter ended 30 June 2020 and the audited standalone financial results for the quarter and 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 3 August 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 NCL T 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 ended 30 June 2020 and the audited standalone 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 � 11.62 million directly under equity as at 1 April 2019. Tax benefits amounting to � 9.92 million and � 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 The Indian Parliament has 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.

• 10 The figures for the quarter ended 31 March 2021 as reported in these standalone financial results, are the balancing figures between the audited figures in respect of the full financial year and unaudited published year to date figures upto the end of the third quarter of the relevant financial years.

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

Place: Pune Date: 26 July 2021

==> picture [99 x 74] intentionally omitted <==

==> picture [51 x 31] intentionally omitted <==

Chartered Accountants

==> picture [32 x 29] intentionally omitted <==

BS R & Co. LLP

8th floor, Business Plaza, Telephone: +91 20 6747 7300 Westin Hotel Campus, Fax: +91 20 6747 7310 36/3-B, Koregaon Park Annex, Mundhwa Road, Ghorpadi, Pune - 411001, India

Limited review report on unaudited quarterly standalone financial 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

1. We have reviewed the accompanying Statement of unaudited standalone financial results ofKPIT Technologies Limited ("the Company") for the quarter ended 30 June 2021 ("the Statement").

2. 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.

3. 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.

4. Attention is drawn to the fact that the figures for the 3 months ended 31 March 2021 as reported in these financial results are the balancing figures between audited figures in respect of the full previous financial year and the published year to date figures up to the third quarter of the previous financial year. The figures up to the end of the third quarter of previous financial year had only been reviewed and not subjected to audit.

5. 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.

8 S R & Co. {a partnership firm with Registration No. BA61223) converted into 8 S R & Co. UP (a Limited Liability Partnership with LLP Registration No. AAB-8181) with effect from October 14, 2013

PTlncipel Office:

14th Floor, Central B Wing and North C Wing, Nesco rr Park 4, Nesco Center, Western Express Highway, Goregaon (East), Mumbai • 400063

1

__[B S R & Co. LLP ]

Limited review report on unaudited quarterly standalone financial results of KPIT Technologies Limited under Regulation 33 of the SERI (Listing Obligations Disclosure Requirements) Regulations, 2015 ("Listing Regulation") (continued) - 30 June 2021

1. We draw attention to Note 8 to the Statement regarding revision of the unaudited standalone financial results for the quarter ended 30 June 2020, and audited standalone financial results for the quarter and 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 (NCL T), 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 is not modified in respect of this matter.

Place: Pune Date: 26 July 2021

For B S R & Co. LLP Chartered Accountants Firm's Registration No.: 101248W/W-100022 Swapnil Daksbindas (!)\� Partner Membership No.: 113896 UDIN:21113896AAAAEM5789

2

-

==> picture [38 x 28] intentionally omitted <==

KP 11·

July 26, 2021

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

Symbol: KPITTECH Series: EQ

Kind Attn: The Manager, Listing Department

Subject:- Audited financial results of KPIT Technologies ("the Company") for the quarter ended June 30, 2021.

Dear Sir / Madam,

With reference to the captioned subject, we wish to submit that, there is a difference - of Rs. 49.89 million in the paid up equity share capital of the Company as reported in the shareholding pattern submitted for the quarter ended June 30, 2021 (Rs. 2,741.43 million) and audited financial results for the relevant quarter ended June 30, 2021 (Rs. 2691.54 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 4.98 million equity shares in the Company (total face value of Rs. 49.89 million at Rs. 10/- per share) as on June 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

KPIT Technologies Limited (Formerly KPIT Engineering 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 info@kpit.com Wkpit.com