Skip to main content

AI assistant

Sign in to chat with this filing

The assistant answers questions, extracts KPIs, and summarises risk factors directly from the filing text.

Sign up Log in

KPIT Technologies Ltd Interim / Quarterly Report 2022

Feb 1, 2022

59234_rns_2022-02-01_5dacd5c5-d257-4c77-85eb-fdb1c01dba2d.pdf

Interim / Quarterly Report

Open in viewer

Opens in your device viewer

==> picture [37 x 28] intentionally omitted <==

KP 11·

February 1, 2022

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, Sandra - Kurla Complex, Bandra (E), Mumbai - 400051.

Symbol: KPITTECH Series: EQ

Kind Attn: The Manager, Listing Department

Subject: Outcome of the Board Meeting commenced on January 31, 2022 (at 7.00 pm) and concluded today, i.e. on February 1, 2022 (at 11.10 am)

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 ended December 31, 2021.

  • b. Interim Dividend of Rs. 1.25 per equity share (i.e. 12.50%) of face value of Rs. 10/­ each, for the financial year 2021-22, to be paid to the members of the Company within stipulated time from the declaration by the Board, as per the provisions of Companies Act, 2013, and the Rules made thereunder.

  • The Record Date, i.e. Friday, February 11, 2022, has been intimated to the Stock Exchanges vide letter dated January 25, 2022.

Unaudited Consolidated Financial Results and Standalone Financial Results for the quarter ended December 31, 2021, along with Limited Review Reports thereon and Investor Update are being sent separately.

Kindly take the same on your records.

Yours faithfully,

==> picture [294 x 85] intentionally omitted <==

----- Start of picture text -----

0 [chn] o
For KPIT Technologies Limited
�
ir
� fi cj
Nida Deshpande \� s,1) �)
-4�
Company Secretary & Compliance Officer
----- End of picture text -----

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. I CIN: L74999PN2018PLC174192

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

Registered & Co
PART I: STATEMENT
Particulars
Revenue from operations
Other income
Net gain on investments carried
profit and toss
Bank interest, dividend income a
mutual fund investments
Others (Refer note 4)
Total income
Expenses
Cost of materials consumed
Employee benefits expense
Finance costs (Refer note 5)
Depreciation and amortization expe
Other expenses (Refer note 4)
Total expenses
Profit
before
exceptional
ite
accounted investees and tax
Exceptional items (Refer note 7)
Profit before share of equity acco
Share of loss of equity accounted i
Profit before tax
Tax expense
Current tax
Deferred tax (benefit)/charge
Total tax expense
Profit for the period/year
Other comprehensive income/(los
Items that will not be reclassified t
Remeasurements of defined ben
Income tax on items that will not b
loss
Items that will be reclassified to pr
Exchange differences in translati
statements of foreign operations
Effective portion of gains/(losses
in cash flow hedges
Income tax on items that will be
loss
Total other comprehensive income
Total comprehensive income for t
Profit attributable to
Owners of the company
Non-controlling interests
Profit for the period/year
Other comprehensive income attri
owners of the company
Non-controlling interests
Other comprehensive income for t
Total comprehensive income attri
Owners of the company
Non-controlling interests
Total comorehensive income for t
Paid up equity capital (face value {
Other equity
Earnings per equity share (face
each)
Basic
Diluted
_£PS are not annualised fr the int_**		 KPIT TECHNOLOGIES LIMITED
rporate Office: Plot-17, Rajiv Gandhi lnfotech Park, MIDC-SEZ, Phase-Ill, Maan, Hinjawadi, Taluka - Mulshi, Pune - 411057
Phone ; +91 20 6770 6000 I orievancesrkoit.com I www.kpit.com I CIN : L74999PN2018PLC174192
OF UNAUDITED CONSOLIDATED FINANCIAL RESULTS FOR THE QUARTER AND NINE MONTHS ENDED 31 DECEMBER 2021
at fair value through
nd realised gain on
nse
ms,
share
of
equity
unted investees and tax
nvestees (net of tax)
s)
o profit or loss
efit plans
e reclassified to profit or
ofit or loss
ng the financial

) on hedging instruments
reclassified to profit or
/(loss)
he period/year
butable to
he period/year
butable to
he period/year
10 per share)
value per share t 10
erim periods.
31 December
2021
(Unaudited)
6,223.67
4.75
61.97
18.78
6,309.17
4,029.80
44.83
311.57
1,044.12
5,430.32
878.85
878.85
(3.39)
875.46
164.35
8.02
172.37
703.09
(26.52)
9.67
(29.27)
44.02
(15.71)
(17.81)
685.28
700.10
2.99
703.09
(19.85)
2.04
(17.81)
680.25
5.03
685.28
2,698.64
2.60
2.56
Quarter ended
30 September
2021
(Unaudited)
5,908.73
21.39
51.87
37.50
6,019.49
3,989.37
38.56
290.93
878.77
5,197.63
821.86
821.86
821.86
183.52
(12.66)
170.86
651.00
(67.10)
23.85
(64.99)
31.52
(11.01)
(87.73}
563.27
651.00
651.00
(87.73)
(87.73)
563.27
563.27
2,696.18
2.42
2.39
31 December
2020
(Unaudited)
5,172.45
2.88
29.65
34.44
5,239.42
3,424.20
39.83
337.72
918.93
4,720.68
518.74
19.45
538.19
538.19
148.88
(40.43)
108.45
429.74
(2.17)
0.76
79.98
(20.54)
7.17
65.20
494.94
417.73
12.01
429.74
64.16
1.04
65.20
481.89
13.05
494.94
2,689.86
1.55
1.54
r in million (except per share data)
Nine months ended
31 December
2021
(Unaudited)
17,806.21
47.74
153.15
116.73
18,123.83
11,776.99
123.49
888.96
2,857.72
15,647.16
2,476.67
2,476.67
(3.39)
2,473.28
597.94
(81.21)
516.73
1,956.55
(79.37)
28.54
(16.77)
33.15
(11.91)
(46.36)
1,910.19
1,953.56
2.99
1,956.55
(48.40)
2.04
(46.36)
1,905.16
5.03
1,910.19
2,698.64
7.25
7.16
31 December
2020
(Unaudited)
14,954.14
6.77
58.76
55.02
15,074.69
0.52
9,883.71
132.84
1,022.65
2,900.13
13,939.85
1,134.84
51.49
1,186.33
1,186.33
402.58
(159.77)
242.81
943.52
(5.91)
2.59
106.48
95.58
(33.40)
165.34
1,108.86
936.78
6.74
943.52
163.27
2.07
165.34
1,100.05
8.81
1,108.86
2,689.86
3.48
3.47
Year ended
31 March 2021
(Audited)
(Refer note 8)
20,357.41
18.33
92.00
47.29
20,515.03
0.52
13,414.66
172.53
1,331.74
3,870.84
18,790.29
1,724.74
51.49
1,776.23
1,776.23
496.11
(190.91)
305.20
1,471.03
21.55
(6.40)
60.61
155.46
(54.33)
176.89
1,647.92
1,461.37
9.66
1,471.03
175.97
0.92
176.89
1,637.34
10.58
1,647.92
2,690.44
9,377.97
5.43
5.40		 KPIT TECHNOLOGIES LIMITED
fice: Plot-17, Rajiv Gandhi lnfotech Park, MIDC-SEZ, Phase-Ill, Maan, Hinjawadi, Taluka - Mulshi, Pune - 411057
; +91 20 6770 6000 I orievancesrkoit.com I www.kpit.com I CIN : L74999PN2018PLC174192
DITED CONSOLIDATED FINANCIAL RESULTS FOR THE QUARTER AND NINE MONTHS ENDED 31 DECEMBER 2021
31 December
2021
(Unaudited)
Quarter ended
30 September
2021
(Unaudited)
31 December
2020
(Unaudited)
r in million (except per share data)
Nine months ended
31 December
2021
(Unaudited)
31 December
2020
(Unaudited)
Year ended
31 March 2021
(Audited)
(Refer note 8)		 KPIT TECHNOLOGIES LIMITED
fice: Plot-17, Rajiv Gandhi lnfotech Park, MIDC-SEZ, Phase-Ill, Maan, Hinjawadi, Taluka - Mulshi, Pune - 411057
; +91 20 6770 6000 I orievancesrkoit.com I www.kpit.com I CIN : L74999PN2018PLC174192
DITED CONSOLIDATED FINANCIAL RESULTS FOR THE QUARTER AND NINE MONTHS ENDED 31 DECEMBER 2021
31 December
2021
(Unaudited)
Quarter ended
30 September
2021
(Unaudited)
31 December
2020
(Unaudited)
r in million (except per share data)
Nine months ended
31 December
2021
(Unaudited)
31 December
2020
(Unaudited)
Year ended
31 March 2021
(Audited)
(Refer note 8)		 KPIT TECHNOLOGIES LIMITED
fice: Plot-17, Rajiv Gandhi lnfotech Park, MIDC-SEZ, Phase-Ill, Maan, Hinjawadi, Taluka - Mulshi, Pune - 411057
; +91 20 6770 6000 I orievancesrkoit.com I www.kpit.com I CIN : L74999PN2018PLC174192
DITED CONSOLIDATED FINANCIAL RESULTS FOR THE QUARTER AND NINE MONTHS ENDED 31 DECEMBER 2021
31 December
2021
(Unaudited)
Quarter ended
30 September
2021
(Unaudited)
31 December
2020
(Unaudited)
r in million (except per share data)
Nine months ended
31 December
2021
(Unaudited)
31 December
2020
(Unaudited)
Year ended
31 March 2021
(Audited)
(Refer note 8)		 KPIT TECHNOLOGIES LIMITED
fice: Plot-17, Rajiv Gandhi lnfotech Park, MIDC-SEZ, Phase-Ill, Maan, Hinjawadi, Taluka - Mulshi, Pune - 411057
; +91 20 6770 6000 I orievancesrkoit.com I www.kpit.com I CIN : L74999PN2018PLC174192
DITED CONSOLIDATED FINANCIAL RESULTS FOR THE QUARTER AND NINE MONTHS ENDED 31 DECEMBER 2021
31 December
2021
(Unaudited)
Quarter ended
30 September
2021
(Unaudited)
31 December
2020
(Unaudited)
r in million (except per share data)
Nine months ended
31 December
2021
(Unaudited)
31 December
2020
(Unaudited)
Year ended
31 March 2021
(Audited)
(Refer note 8)		 KPIT TECHNOLOGIES LIMITED
fice: Plot-17, Rajiv Gandhi lnfotech Park, MIDC-SEZ, Phase-Ill, Maan, Hinjawadi, Taluka - Mulshi, Pune - 411057
; +91 20 6770 6000 I orievancesrkoit.com I www.kpit.com I CIN : L74999PN2018PLC174192
DITED CONSOLIDATED FINANCIAL RESULTS FOR THE QUARTER AND NINE MONTHS ENDED 31 DECEMBER 2021
31 December
2021
(Unaudited)
Quarter ended
30 September
2021
(Unaudited)
31 December
2020
(Unaudited)
r in million (except per share data)
Nine months ended
31 December
2021
(Unaudited)
31 December
2020
(Unaudited)
Year ended
31 March 2021
(Audited)
(Refer note 8)		 KPIT TECHNOLOGIES LIMITED
fice: Plot-17, Rajiv Gandhi lnfotech Park, MIDC-SEZ, Phase-Ill, Maan, Hinjawadi, Taluka - Mulshi, Pune - 411057
; +91 20 6770 6000 I orievancesrkoit.com I www.kpit.com I CIN : L74999PN2018PLC174192
DITED CONSOLIDATED FINANCIAL RESULTS FOR THE QUARTER AND NINE MONTHS ENDED 31 DECEMBER 2021
31 December
2021
(Unaudited)
Quarter ended
30 September
2021
(Unaudited)
31 December
2020
(Unaudited)
r in million (except per share data)
Nine months ended
31 December
2021
(Unaudited)
31 December
2020
(Unaudited)
Year ended
31 March 2021
(Audited)
(Refer note 8)		 KPIT TECHNOLOGIES LIMITED
fice: Plot-17, Rajiv Gandhi lnfotech Park, MIDC-SEZ, Phase-Ill, Maan, Hinjawadi, Taluka - Mulshi, Pune - 411057
; +91 20 6770 6000 I orievancesrkoit.com I www.kpit.com I CIN : L74999PN2018PLC174192
DITED CONSOLIDATED FINANCIAL RESULTS FOR THE QUARTER AND NINE MONTHS ENDED 31 DECEMBER 2021
31 December
2021
(Unaudited)
Quarter ended
30 September
2021
(Unaudited)
31 December
2020
(Unaudited)
r in million (except per share data)
Nine months ended
31 December
2021
(Unaudited)
31 December
2020
(Unaudited)
Year ended
31 March 2021
(Audited)
(Refer note 8)





6,223.67
4.75
61.97
18.78
6,309.17
4,029.80
44.83
311.57
1,044.12
5,430.32
878.85
878.85
(3.39)
875.46
164.35
8.02
172.37
703.09
(26.52)
9.67
(29.27)
44.02
(15.71)
(17.81)
685.28
700.10
2.99
703.09
(19.85)
2.04
(17.81)
680.25
5.03
685.28
2,698.64
2.60
2.56		 5,908.73
21.39
51.87
37.50
6,019.49
3,989.37
38.56
290.93
878.77
5,197.63
821.86
821.86
821.86
183.52
(12.66)
170.86
651.00
(67.10)
23.85
(64.99)
31.52
(11.01)
(87.73}
563.27
651.00
651.00
(87.73)
(87.73)
563.27
563.27
2,696.18
2.42
2.39		 5,172.45
2.88
29.65
34.44
5,239.42
3,424.20
39.83
337.72
918.93
4,720.68
518.74
19.45
538.19
538.19
148.88
(40.43)
108.45
429.74
(2.17)
0.76
79.98
(20.54)
7.17
65.20
494.94
417.73
12.01
429.74
64.16
1.04
65.20
481.89
13.05
494.94
2,689.86
1.55
1.54		 17,806.21
47.74
153.15
116.73
18,123.83
11,776.99
123.49
888.96
2,857.72
15,647.16
2,476.67
2,476.67
(3.39)
2,473.28
597.94
(81.21)
516.73
1,956.55
(79.37)
28.54
(16.77)
33.15
(11.91)
(46.36)
1,910.19
1,953.56
2.99
1,956.55
(48.40)
2.04
(46.36)
1,905.16
5.03
1,910.19
2,698.64
7.25
7.16		 14,954.14
6.77
58.76
55.02
15,074.69
0.52
9,883.71
132.84
1,022.65
2,900.13
13,939.85
1,134.84
51.49
1,186.33
1,186.33
402.58
(159.77)
242.81
943.52
(5.91)
2.59
106.48
95.58
(33.40)
165.34
1,108.86
936.78
6.74
943.52
163.27
2.07
165.34
1,100.05
8.81
1,108.86
2,689.86
3.48
3.47		 20,357.41
18.33
92.00
47.29
20,515.03
0.52
13,414.66
172.53
1,331.74
3,870.84
18,790.29
1,724.74
51.49
1,776.23
1,776.23
496.11
(190.91)
305.20
1,471.03
21.55
(6.40)
60.61
155.46
(54.33)
176.89
1,647.92
1,461.37
9.66
1,471.03
175.97
0.92
176.89
1,637.34
10.58
1,647.92
2,690.44
9,377.97
5.43
5.40

==> picture [157 x 89] intentionally omitted <==

==> picture [55 x 52] intentionally omitted <==

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 31 January 2022 and 1 February 2022 respectively. These unaudited consolidated financial results have been prepared in accordance with the Indian Accounting Standards ("Ind-AS") as specified under Section 733 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 consolidated financial results of the Company for the quarter and nine months ended 31 December 2021. An unqualified opinion has been issued by them thereon.

  • 3 Standalone information:
4
5		 SrNo Particulars Quarter ended Quarter ended Quarter ended Nine months ended Nine months ended Year ended
31 December
2021
(Unaudited)		 30 September
2027
(Unaudited)		 31 December
2020
(Unaudited)		 31 December
2021
(Unaudited)		 31 December
2020
(Unaudited)		 37 March 2021
(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 comorehensive income		 3,051.88
587.52
471.18
11.53
482.71		 2,904.95
639.85
524.31
(22.74)
501.57		 1,997.14
217.29
191.29
(14.78)
176.51		 8,490.70
1,853.09
1,518.94
(29.52)
1,489.42		 5,649.63
545.26
485.76
58.86
544.62		 8,028.48
993.51
935.26
116.28
1,051.54
Details of foreign exchangegain/(loss}included in ab ove results:
Particulars Quarter ended Nine months ended Year ended
31 December
2021
(Unaudited)		 30 September
31 December
2021
2020
(Unaudited)
(Unaudited)		 31 December
2027
(Unaudited)		 31 December
2020
(Unaudited)		 31 March 2021
(Audited)
(Refer note 8)
Foreign exchange gain (net) included in other income
Foreign exchange gain/(loss)(net) included in other
expenses
5.69

-		 29.86
-		 26.02
18.75		 86.63
-		 26.02
-		 ~~-~~
(29.35)
Details of finance costs:
Particulars Quarter ended Nine months ended Year ended
31 December
2021
(Unaudited)		 30 September
2021
(Unaudited)		 31 December
2020
(Unaudited)		 31 December
2021
(Unaudited)		 31 December
2020
(Unaudited)		 31 March 2021
(Audited)
(Refer note 8)
Finance cost on teaseliabilities as perInd-AS 116
Leases
Netforeignexchangelossconsideredasfinance
cost*
Interest expense on workingcapital loan and term
loan
Other interest expense
28.26

-

8.21
8.36		 26.37
-
7.29
4.90		 29.91
-
7.60
2.32		 82.62
-
21.63
19.24		 98.25
-
26.29
8.30		 126.98
-
31.55
14.00
Total finance costs
 44.83
 38.56
 39.83
 123.49
 132.84
 172.53
  • *As per para 6(e) of Ind-AS 23 "Borrowing costs", the exchange differences ari'slng 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 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 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 (1': 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 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 NCLT 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 To strengthen software integration capabilities and help deliver complex software solutions for new-age vehicle architectures, the Company signed a definitive agreement to acquire a controlling stake in PathPartncr Technology Private Limited. Effective 1 October 2021, the Company has acquired 60% stake in PathPartner Technology Private Limited for a total consideration oft· 890 million.

  • 10 Mr. Anup Sable has been appointed as an Additional and Executive Director (Whole-time Director) of the Company, with effect from 22 December 2021.

==> picture [200 x 122] intentionally omitted <==

11 The Board of Directors at its meeting held on 1 February 2022, has declared an interim dividend oft 1.25 per equity share.

  • 12 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.

�

Place : Pune Date : 1 February 2022

CEO & Managing Director DIN: 00076190

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

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 II: SEGMENT WISE REVENUE, RESULTS AND CAPITAL EMPLOYED

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]: L74999PN2018PLC174192
PART II: SEGMENT WISE REVENUE, RESULTS AND CAPITAL EMPLOYED		 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]: L74999PN2018PLC174192
PART II: SEGMENT WISE REVENUE, RESULTS AND CAPITAL EMPLOYED		 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]: L74999PN2018PLC174192
PART II: SEGMENT WISE REVENUE, RESULTS AND CAPITAL EMPLOYED		 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]: L74999PN2018PLC174192
PART II: SEGMENT WISE REVENUE, RESULTS AND CAPITAL EMPLOYED		 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]: L74999PN2018PLC174192
PART II: SEGMENT WISE REVENUE, RESULTS AND CAPITAL EMPLOYED		 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]: L74999PN2018PLC174192
PART II: SEGMENT WISE REVENUE, RESULTS AND CAPITAL EMPLOYED		 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]: L74999PN2018PLC174192
PART II: SEGMENT WISE REVENUE, RESULTS AND CAPITAL EMPLOYED		 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]: L74999PN2018PLC174192
PART II: SEGMENT WISE REVENUE, RESULTS AND CAPITAL EMPLOYED		 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]: L74999PN2018PLC174192
PART II: SEGMENT WISE REVENUE, RESULTS AND CAPITAL EMPLOYED
l in million
Sr
No		 Particulars Quarter ended Nine months ended Year ended
31 December
2021
(Unaudited)		 30 September
2021
(Unaudited)		 31 December
2020
(Unaudited)		 31 December
2021
(Unaudited)		 31 December
2020
(Unaudited)		 31 March 2021
(Refer note 8 of
Part I)
1
2		 Segment revenue
Americas
UK & Europe
Rest of the World
Total
Less:Inter segment revenue
Revenue from operations
Segmentresults- Profitbeforetax and
interest
Americas
UK & Europe
Rest of the World
Total
Less:
- Financecosts
-
Otherunallocableexpenditure(netof
unallocable income)
Profit before exceptional items, shareof
equity accounted investees and tax
Exceptional items
Profitbefore shareofequityaccounted
investees and tax
Share of profit/(loss)of equity accounted
investees (net of tax)
Profit before tax		 2,275.07
2,705.37
3,450.38		 2,395.58
2,512.83
3,153.45		 2,119.87
2,386.04
2,157.49		 7,006.85
7,560.82
9,408.41		 6,237.34
6,533.00
6,220.19		 8,514.31
8,758.86
8,567.08
8,430.82
2,207.15		 8,061.86
2,153.13		 6,663.40
1,490.95		 23,976.08
6,169.87		 18,990.53
4,036.39		 25,840.25
5,482.84
6,223.67 5 908.73 5,172.45 17,806.21 14,954.14 20,357.41

506.18
584.49
542.25		 630.03
337.22
415.45		 660.75
317.78
144.79		 1,917.84
1,105.88
1,388.73		 2,032.11
476.22
779.56		 2,724.88
772.43
1,078.89
1,632.92
44.83

709.24		 1,382.70
38.56
522.28		 1,123.32
39.83
564.75
518.74
19.45		 4,412.45
123.49
1,812.29		 3,287.89
132.84
2,020.21		 4,576.20
172.53
2,678.93

878.85
-		 821.86
-		 2,476.67
-		 1,134.84
51.49		 1,724.74
51.49

878.85

(3.39)		 821.86
-		 538.19
-		 2,476.67
(3.39)		 1,186.33
-		 1,776.23
-
875.46 821.86 538.19 2,473.28 1,186.33 1,776.23
3
4		 Segmentassets
Americas
UK & Europe
Rest of the World
Total
Unallocated assets
Total assets
Segment liabilities
Americas
UK & Europe
Rest of the World
Total
Unallocated liabilities
Total liabilities		 1,224.60
1,675.94
1,381.39		 1,187.47
1,834.51
1,225.86		 1,238.60
2,578.41
1,005.59		 1,224.60
1,675.94
1,381.39		 1,238.60
2,578.41
1,005.59		 1,136.65
1,672.44
1,007.99
4,281.93
18,542.55
22,824.48
304.05
1,140.94
428.56		 4,247.84
16,943.60
21,191.44
213.40
739.79
497.26		 4,822.60
14,518.15
19,340.75
557.41
733.42
530.21		 4,281.93
18,542.55
22,824.48
304.05
1,140.94
428.56		 4,822.60
14,518.15
19,340.75
557.41
733.42
530.21		 3,817.08
15,858.31
19,675.39
340.60
466.77
572.60
1,873.55
7,348.47
9,222.02		 1,450.45
7,002.49
8,452.94		 1,821.04
1,873.55
6,014.45
7,348.47
7,835.49
9,222.02		 1,821.04
6,014.45
7,835.49		 1,379.97
6,198.27
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 cost incurred during the year to acquire Property, plant and equipment and Intangible assets, Depreciation/Amortisation and non-cash expenses are
not attributable to any reportable segment.
Place : Pune
Date : 1 February 2022		 For and on behalf of the Board of Directors of
KPIT TECHNOLOGIES LIMITED
'
I
'
;
' (avi) Pandit
a
an & Group CEO
Ki
�
�atil
CE
anaging Director
: 00075861
DIN: )0076190

==> picture [39 x 26] intentionally omitted <==

B S R & Co. LLP

Chartered Accountants

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 consolidated financial results of KPIT Technologies Limited for the quarter ended 31 December 2021 and year-todate results for the period from 1 April 2021 to 31 December 2021 pursuant to Regulation 33 of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended

To the Board of Directors of KPIT Technologies Limited

  1. We have reviewed the accompanying Statement of unaudited 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 loss after tax and total comprehensive loss of its associate and joint ventures for the quarter ended 31 December 2021 and year-to-date results for the period from 1 April 2021 to 31 December 2021 (“the Statement”), being submitted by the Parent pursuant to the requirements of Regulation 33 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended (‘Listing Regulations’).

  2. 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.

  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. A review of interim financial information consists of making inquiries, primarily of persons responsible for financial and accounting matters, and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with Standards on Auditing and consequently does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion.

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

  1. The Statement includes the results of the following entities:

  2. 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) KPIT Technologia Ltda (erstwhile 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)

  • j) KPIT Technologies Holding Inc (formed on 6 September 2018)

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

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

  • m) Pathpartner Technology Private Limited (with effect from 1 October 2021)

Registered Office:

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

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

B S R & Co. LLP

Limited Review Report on unaudited consolidated financial results of KPIT Technologies Limited for the quarter ended 31 December 2021 and year-todate results for the period from 1 April 2021 to 31 December 2021 pursuant to Regulation 33 of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended (Continued)

Joint Venture and Associates

n) Yantra Digital Services Private Limited

o) FMS Future Mobility Solutions GmbH (with effect from 28 September 2021)

p) 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.

  2. The Statement also includes the Group’s share of net loss after tax of Rs. 3.39 million and Rs. 3.39 million and total comprehensive loss of Rs. 3.39 million and Rs. 3.39 million, for the quarter ended 31 December 2021 and for the period from 1 April 2021 to 31 December 2021 respectively, as considered in the unaudited consolidated financial results, in respect of its associate and joint ventures 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 is not modified in respect of this matter.

  1. We draw attention to Note 8 to the Statement regarding revision of the audited consolidated financial results for the 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 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 DAKSHINDAS Digitally signed by DAKSHINDAS SWAPNIL SWAPNIL SATISH Date: 2022.02.01 11:00:40 SATISH +05'30'

Pune 01 February 2022

Swapnil Dakshindas Partner Membership No.: 113896 UDIN:22113896AAAAAO8727

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 NINE MONTHS ENDED 31 DECEMBER 2021

( in million(xceptper share data)
Particulars Quarter ended
Nine months ended
Year ended
31 December
JO September
31 December
31 December
31 December
31 March 2021
2021
2021
2020
2021
2020
(Audited)
(Unaudited)
(Unaudited)
(Unaudited)
(Unaudited)
(Unaudited)
(Refer note 8)
(Refer note 8)
(Refer note 8)
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 J)
Total expenses
Profit before exceptional items and tax
Exceptional items (Refer note 7)
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 wilt not be reclassified to profit or loss
Remeasurements of defined benefit plans
Income tax on items that will not be reclassified toprofit 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 comorehensive income for the period/year		 3,051.88
2,904.95
1,997.14
8,490.70
5,649.63
8,028.48
4.75
21.39
2.88
47.74
6.77
18.33
63.01
51.68
29.46
153.79
58.23
91.22
40.26
44.78
71.63
157.04
85.86
66.35
3,159.90
3,022.80
2,101.11
8,849.27
5,800.49
8,204.38
-
-
-
-
0.52
0.52
1,787.00
1,777.54
1,321.87
5,082.12
3,511.20
4,875.68
21.04
16.97
16.02
54.40
68.24
86.40
210.63
200.84
228.81
607.54
700.12
911.12
559.71
387.60
317.12
1,252.12
1,007.18
1,369.18
2,578.38
2,382.95
1,883.82
6,996.18
5,287.26
7,242.90
581.52
639.85
217.29
1,853.09
513.23
961.48
-
-
-
-
32.03
32.03
581.52
639.85
217.29
1,853.09
545.26
993.51
115.29
112.84
61.07
385.27
179.71
193.50
(4.95)
2.70
(35.07)
(51.12)
(120.21)
(135.25)
110.34
115.54
26.00
334.15
59.50
58.25
471.18
524.31
191.29
1,518.94
485.76
935.26
(27.40)
(67.10)
(2.17)
(80.25)
(5.91)
21.55

9.67
23.85
0.76
28.54
2.59
(6.40)
44.97
31.52
(20.54)
34.10
95.58
155.46
(15.71)
(11.01)
7.17
(11.91)
(33.40)
(54.33)
11.53
(22.74)
(14.78)
(29.52)
58.86
116.28
482.71
501.57
176.51
1,489.42
544.62
1,051.54

Paid up equity capital (face valuet10 per share)
Other equity
Earnings per equity share (face value per share f 10 each)
Basic
Diluted
_EPS aro not annualsad For te intcrtn perods._**		 2,698.64
2,696.18
2,689.86
2,698.64
2,689.86
2,690.44
7,792.21
1.75
1.95
0.71
5.64
1.81
3.48
1.73
1.92
0.71
5.57
1.80
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 31 January 2022 and 1 February 2022 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
nine months ended 31 December 2021. An unqualified opinion has been issued by them thereon.

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 31 January 2022 and 1 February 2022 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 nine months ended 31 December 2021. An unqualified opinion has been issued by them thereon.

==> picture [47 x 21] intentionally omitted <==

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

4 Particulars Quarter ended Quarter ended Quarter ended Nine months ended Nine months ended Yearended
31 December
2021
(Unaudited)		 30 September
2021
(Unaudited)		 31 December
2020
(Unaudited)
(Refer note8)		 31 December
2021
(Unaudited)		 31 December
2020
(Unaudited)
(Refer note8)		 31March2021
(Audited)
(Refer note 8)
Foreign exchange gain (net) included
Foreign exchange gain/(loss) (net)
ex enses
Details of finance costs:
Particulars		 in other income
included in other
33.49		 40.55 64.07
10.12		 140.18 64.07 28.36

31 December
2021
(Unaudited)
13.97
Quarter ended
JO September
2021
(Unaudited)
12.10
31 December
2020
(Unaudited)
(Refer note 8)
M.54
0.37
0.55
1.23
6.70
4.32
0.25
Nine months ended
31 December
2021
(Unaudited}
38.93
1.32
14.15
31 December
2020
(Unaudited}
(Refer note 8)
56.63
8.83
2.78
Year ended
31 March 2021
(Audited}
(Refer note 8)
70.43
9.76
6.21
Finance cost on lease liabilitins as pe
Net foreign exchange loss considered
Interest expense on working capital l
Other interest expense		 r Ind-AS 116 Leases
as finance cost*
oan and term loan
Total finance costs 21.04 16.97
16.02		 54.40 68.24 86.40

*As per para 6(e) of Ind-AS 23 HBorrowing 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 i 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 filed with Hon'ble National Company Law Tribunal (NCL T), Mumbai Bench on 27 September 2019.

The unaudited standalone financial results for the quarter and nine months ended 31 December 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 28 January 2021 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 filing 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 nine months ended 31 December 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.

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 To strengthen software integration capabilities and help deliver complex software solutions for new-age vehicle architectures, the Company signed a definitive agreement to acquire a controlling stake in PathPartner Technology Private Limited. Effective 1 October 2021, the Company has acquired 60% stake in PathPartner Technology Private Limited for a total consideration of t 890 million.

  • 10 Mr. Anup Sable has been appointed as an Additional and Executive Director (Whole-time Director) of the Company, with effect from 22 December 2021.

  • 11 The Board of Directors at its meeting held on 1 February 2022, has declared an interim dividend oft 1.25 per equity share.

  • 12 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 wilt complete its evaluation and will give appropriate impact in the financial results in the period in which, the Code and related rules become effective.

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

Place: Pune Date: 1 February 2022

==> picture [245 x 109] intentionally omitted <==

==> picture [39 x 26] intentionally omitted <==

B S R & Co. LLP

Chartered Accountants

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 standalone financial results of KPIT Technologies Limited for the quarter ended 31 December 2021 and year-todate results for the period from 1 April 2021 to 31 December 2021 pursuant to Regulation 33 of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015

To the Board of Directors of KPIT Technologies Limited

  1. We have reviewed the accompanying Statement of unaudited standalone financial results of KPIT Technologies Limited (“the Company”) for the quarter ended 31 December 2021 and year-to-date results for the period from 1 April 2021 to 31 December 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 Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. 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. 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 Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 including the manner in which it is to be disclosed, or that it contains any material misstatement.

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

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

B S R & Co. LLP

Limited Review Report on unaudited standalone financial results of KPIT Technologies Limited for the quarter ended 31 December 2021 and year-todate results for the period from 1 April 2021 to 31 December 2021 pursuant to Regulation 33 of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (Continued)

  1. 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 31 December 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

DAKSHINDAS Digitally signed by DAKSHINDAS SWAPNIL SATISH SWAPNIL SATISH Date: 2022.02.01 11:01:10 +05'30'

Pune 01 February 2022

Swapnil Dakshindas Partner Membership No.: 113896 UDIN:22113896AAAAAN7083

==> picture [37 x 28] intentionally omitted <==

KP 11·

February 1, 2022

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

· Sub ect:- Unaudited financial results of KPIT Technologies ("the Company") for the quarter ended December 31, 2021.

Dear Sir / Madam.

With reference to the captioned subject, we wish to submit that, there is a difference of Rs. 42.79 million in the paid-up equity share capital of the Company as reported in the shareholding pattern submitted for the quarter ended December 31, 2021 (Rs. 2,741.43 million) and unaudited financial results for the relevant quarter ended December 31, 2021 (Rs. 2698.64 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 4.27 million equity shares in the Company (total face value of Rs. 42.79 million at Rs. 10/- per share) as on December 31, 2021.

Request you to please take note of the same.

Thanking you.

Yours faithfully,

==> picture [86 x 85] intentionally omitted <==

For KPIT Technologies Limited

==> picture [42 x 34] intentionally omitted <==

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-111, Maan, Taluka-Mulshi, Hinjawadi, Pune-411057, India. I ClN: L74999PN2018PLC174192

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

More from KPIT Technologies Ltd

Regulatory Filings 2026
May 29
Regulatory Filings 2026
May 29
Regulatory Filings 2026
May 20
Regulatory Filings 2026
May 20
Call Transcript 2026
May 13
Call Transcript 2026
May 13
Regulatory Filings 2026
May 8
Regulatory Filings 2026
May 8
Annual Report 2026
May 7
Interim / Quarterly Report 2026
May 6
View all filings →