KP 11·

October 23, 2024

BSE Limited Phiroze Jeejeebhoy Towers, Dalal Street, Mum bai - 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, Sandra (E), Mumbai - 400051.

Symbol: KPITTECH Series: EQ

Kind Attn: The Manager, Listing Department

Dear Sir / Madam,

Subject: - Outcome of the Board Meeting held on Wednesday, October 23, 2024. Ref:- Disclosure of events & information pursuant to Regulation 30 SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015

Time of Commencement of the Board Meeting: 9.15 am 1ST. Time of Conclusion of the Board Meeting: 12:25 pm 1ST.

We w ish to inform you that the Board of Directors of the Company, at its meeting held today, inter alia, has approved the following: -

A. Un-audited Consolidated Financial Results and Standalone Financial Results for the quarter and half year ended September 30, 2024.

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

B. Approval for raising of funds

Approval for raising of funds of upto INR 2,880 c rores (Indian Rupees Two Thousand Eight Hundred and eighty crores) or an equivalent amount thereof, in one or more tranches, by issue of equity shares and/or any other instruments or eligible securit ies representing either equity shares and/or convertible securit ies linked to equity shares or through any other permissible mode or a combination thereof, (hereinafter referred to as "Securities"), by way qualified institutions placement ("QIP"), or any other permissible method in accordance w ith the provisions of the Securit ies and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018, as amended from time to t ime, and other applicable law, if any, to such investors that may be permitted to invest in such issuance of securities, as deemed appropriate, subject to approval of the shareholders of the Company and receipt of other regulatory/ statutory approvals at an appropriate' time. The Company w ill be seeking approval of the shareholders for the proposed fund raise by Postal Ballot.

KPIT Technologies Ltd. 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

The details as required under Regulation 30 read w ith Schedule Ill of the Listing Regulations read with SEBI Circular No. SEBI/HO/CFD/PoD2/CIR/P/2023/120 dated Wh July, 2023 are enclosed as "Annexure A".

C. Appointment of Mr. Vijay Keshav Gokhale as an Addit ional & Independent Director, w ith effect from October 23, 2024.

Mr. Gokhale has extensive policy planning and administrative experience. Also, having operated at various levels within the Government, he has a deep understating of governance & processes. His expertise in international geopolitical & geoeconomic aspects aligns w ith the Company's strategic interests.

Brief profile of Mr. Gokhale is as below.

Mr. Gokhale holds a post-graduate degree in history from the University of Delhi. He joined the Indian Foreign Service in 1981 until his retirement from public service in January 2020. Mr. Gokhale served in Indian diplomatic missions in Hongkong, Hanoi, Beijing and New York. He served successively as the Indian Ambassador to Malaysia, Germany and People's Republic of China, he was appointed as the Foreign Secretary to the Government of India.

Since his retirement from public service, Mr. Gokhale teaches at the Symbiosis International University in Pune. He is also Non-resident Senior Fellow at Carnegie India. He has written extensively on matters relating to China. He has authored four books - Tiananmen Square: The Making of a Protest (HarperCollins, May 2021); The Long Game: How the Chinese Negotiate with India (Penguin Randomhouse, July 2021); After Tiananmen: The Rise of China (HarperCollins, September 2022); and Crosswinds: Nehru, Zhou and the Anglo-American Competit ion over China (Penguin Randomhouse, January 2024), The Long Game: How the Chinese Negotiate with India, was awarded the Ramnath Goenka Award for Excellence in Journalism (Non-Fiction books}, 2021. He has also published op-ed pieces in the New York Times, The Berlin Tages Spiegel, Handelsblatt, Foreign Policy, the Australian Strategic Policy Institute, The Hindu, The Indian Express and the Times of India.

Further, Mr. Gokhale has declared that he is not debarred from accessing 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.

The details of disclosure pursuant to Schedule Il l of the Listing Regulations read with SEBI Circular dated July 13, 2023, are enclosed as "Annexure- B".

D. Approval for the voluntary liquidation & dissolution of Samit Solutions Inc. wholly owned step- down subsidiary ("Samit USA"}, as per applicable laws & provisions of the State of Michigan, USA.

Operations, Employees & Customer contracts of Somit USA has been fully integrated into KPIT Technologies Inc. ("KPIT USA") wholly owned step-down

,c . ' -· .

0 +91 20 6770 6000 E [email protected]

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

subsidiary, this voluntary liquidation & dissolution w ill further optimize operations of KPIT USA.

Please note that this voluntary liquidation of SOMIT USA will not affect any business & will not have any impact on the financial reporting or operations etc.

The details of disclosure pursuant to Schedule Ill of the Listing Regulations read with SEBI Circular dated July 13, 2023, are enclosed as "Annexure-C".

Un-audited Consolidated Financial Results and Standalone Financial Results for the quarter and half year ended September 30, 2024, along with Limited Review Reports thereon and Investor Update are being sent separately.

Kindly take the same on your records.

Yours faithfully,

For KPIT Technologies Limited

Nida Deshpande Company Secretary & Compliance Office

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

KP 11·

Annexure A

SL	Particulars	Details
1	type of securities proposed to be equity issued (viz. shares, convertibles etc.)	Equity and/or any other shares instruments or eligible securities representing either equity shares and/or convertible securities linked to equity shares or through any other permissible mode or combination thereof, a in accordance with applicable law, in one or more tranches.
2	of issuance (further type public depository offering, rights issue, receipts qualified (ADR/GDR), institutions placement, preferential allotment etc.);	By way qualified institutions placement ("QIP"), or any other permissible method in accordance with the provisions of the Securities and Exchange Board of India of Capital and Disclosure (Issue Requirements) Regulations, 2018, as amended from time to time, and other applicable law, if any, to such investors that may be permitted to invest in such of issuance securities, as deemed appropriate, subject to approval of the shareholders of the Company and receipt of other regulatory/ statutory approvals at an appropriate' time.
3	total number of securities proposed to be issued or the total amount for which the will securities be issued (approximately);	Upto INR 2,880 crores (Indian Rupees Two Thousand Eight Hundred and eighty crores) as may be decided by the Fund Raising Committee.
4.	in case of preferential issue the entity the listed shall disclose following additional details to the stock exchan~e(s): i. names of the investors; ii. post allotment of securities - outcome of the subscription, issue allotted price (in case! of price / convertibles), number of investors; of convertibles iii. in case - of intimation on conversion securities or on lapse of the tenure of the instrument;	Not Applicable

KPIT Technologies Ltd. Registered & Corporate Office: Plot No. 17, Rajiv Gandhi lnfotech Park, MIDC-SEZ, Phase-Ill, Maan, Taluka-Mulshi, Hinj awadi, Pune-411057, India. CIN: L74999PN2018PLC174192 w kpit.com

0 +91 20 6770 6000

E [email protected]

Annexure 8

Sr. No.	Particulars	Mr. Vijay Keshav Gokhale
1	reason for change viz. appointment	Appointment as Addit ional & Independent Director
2	date of appointment (as applicable) & term of appointment	• Mr. Vijay Keshav Gokhale has been appointed as Additional & Independent Director w ith effect from October 23, 2024. • Term of appointment: 3 consecutive years from date of appointment i.e. October 23, 2024, to October 22, 2027, subject to approval of Shareholders.
3	Brief Profile (in case of appointment)	As Given above
4	For the Appointments given above Disclosure of relationships between directors (in case of appointment of a director	Not Applicable.

Annexure C

SL no	Particulars	Details
1	details and reasons for restru ctu ring;	Operations, Employees & Customer contracts of
2	quantitative and/ or qualitative effect of restructuring;	Somit USA has been fully integrated into KPIT USA. Voluntary liquidation & dissolution of SOMIT USA will further optimize operations of the KPIT USA.
3	details of benefit , if any, to the promoter/promoter group/group companies from such proposed restructuring;	There is no benefit to the promoter or promoter group or group companies.
4	brief details of change in shareholding pattern (if any) of all entit ies.	There will be no change in Shareholding Pattern of KPIT India due to this voluntary liquidation & w indine: uo.

***

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

0 +91 20 6770 6000 E [email protected]

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 [email protected] I CIN : L74999PN2018PLC174192 PART I: STATEMENT OF UNAUD ITED CONSOLIDATED FINANCIAL RESULTS FOR THE QUARTER AND HALF YEAR ENDED 30 SEPTEMBER 2024
						fin million (except per share data)
Particulars	Half Year ended Quarter ended				Year ended
	30 September 2024	30 June 2024 (Unaudited)	30 September 2023	30 September 2024	30 September 2023	31 March 2024 (Audited)
	(Unaudited\		(Unaudited)	(Unaudited)	(Unaudited\
Revenue from operations	14,714.13	13,646.30	11,991.57	28,360.43	22,967.79	48,715.41
Other income (Refer note 3, 4, 5 and 6) Total Income	518.99 15,233.12	544.44 14,190.74	94.66 12,086.23	1,016.86 29,377.29	279.45 23,247.24	602.67 49,318.08

Expenses
Cost of materials consumed	193.64	10.37	186.27	204.01	325.45	719.96
Changes in inventories of finished goods and work-in-progress	(50.27)	68.56	(10.43)	18.29	(78.26)	(136.35)
Employee benefits expense	9,447.79	8,743.65	7,752.81	18,191.44	14,888.24	31,120.25
Finance costs	101.63	127.31	135.70	228.94	272.80	548.25
Depreciation and amortisation expense	560.83	525.14	480.93	1,085.97	931.37	1,957.93
Other expenses (Refer note 3)	2,105.43	1,942.12	1,663.58	4,000.98	3,263.93	7,098.28
Total expenses	12,359.05	11,417.15	10,208.86	23,729.63	19,603.53	41,308.32
Profit before share of proflt/(loss) of equity accounted Investees and tax	2,874.07	2,773.59	1,877.37	5,647.66	3,643.71	8,009.76
Share of profit/(loss) of equity accounted investees (net of tax)	(42.94)	(6.62)		(49.56)		(5.37)
Profit before t ax	2,831.13	2,766.97	1,877.37	5,598.10	3,643.71	8,004.39
Tax expense (Refer note 5(b))
Current tax	818.25	998.29	512.43	1,816.54	1,150.60	2,379.01
Deferred tax (benefit)/charge	(24.57)	(272.92)	(49.07)	(297.49)	(265.29)	(359.75)
Total tax expense	793.68	725.37	463.36	1,519.05	885.31	2,019.26
Profit for the period/year	2,037.45	2,041.60	1,414.01	4,079.05	2,758.40	5,985.13
Other comprehensive Income
Items that will not be reclassified subsequently to profit or loss
Remeasurements of defined benefit plans - gain/(loss)	(28.93)	(9.13)	(30.70)	(38.06)	(34.91)	(48.95)
Income tax on items that will not be reclassified subsequently to	10.09	3.26	11.99	13.35	13.54	18.63
profit or loss

Items that will be reclassified subsequently to profit or loss
Exchange differences on translation of financial statements of	675.02	(141.93)	(118.74)	533.09	(175.52)	80.81
foreign operations
Effective portion of gains/(losses) on hedging instruments ln	(533.98)	80.64	26.80	{453.34)	242.51	212.57
cash flow hedges
Income tax on items that will be reclassified subsequently to profit or loss	186.59	(28.18)	(9.32)	158.41	(84.33)	(73.87)
Total other comprehensive lncome/(losses)	308.79	(95.34)	(11 9.97)	213.45	(38.71)	189.19
Total comprehensive income for the period/year	2,346.24	1,946.26	1,294.04	4,292.50	2,719.69	6,174.32
Profit attributable to

Owners of the Company	2,037.45	2,041.60	1,408.54	4,079.05	2,748.52	5,945.33
Non-controlling interests			5.47		9.88	39.80
Profit for the period/year	2,037.45	2,041.60	1,414.01	4,079.05	2,758.40	5,985.13

Other comprehensive income/(losses) attributable to
Owners of the Company	308.79	{9 5.34)	(122.04)	213.45	(41.43)	186.19
Non-controlling interests			2.07		2.72	3.00
Other comprehensive lncome/(losses) for t he period/year	308.79	(95.34)	(119.97)	213.45	(38.71)	189.19
Total comprehensive Income attributable to
Owners of the Company	2,346.24	1,946.26	1.286.50	4,292.50	2,707.09	6,131.52
Non-controlling interests			7.54		12.60	42.80
Total comprehensive Income for the oeriod/vear	2 346.24	1 946.26	1 294.04	4,292.50	2 719.69	6,174.32
Paid-up equity share capital (face value of { 10 per share)	2,714.92	2,713.54	2,710.13	2,714.92	2,710.13	2,712.17
Other equity						18,746.41

Earnings per equity share (face value of f 10 per share)*
Basic	7.51	7.53	5.20	15.03	10.15	21.95
Diluted	7.45	7.47	5.16	14.92	10.06	21.77
*£PS are not annualised for the interim periods.

	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 [email protected] I www.kpit.com I CIN: L74999PN2018PLC174192 PART II: SEGMENT WISE REVENUE, RESULTS, ASSETS AND LIABILITIES r in million
Sr	Particulars		Quarter ended			Half Year ended	Year ended
No		2024 (Unaudited)	(Unaudited)	30 September 30 June 2024 30 September 30 September 30 September 31 March 2024 2023 (Unaudited)	2024 (Unaudited)	2023 (Unaudited)	(Audited)
1	Segment revenue Americas	4,100.85	3,945.30	3,798.15	8,046.15	7,622.79	15,441.19
	UK & Europe	7,590.89	7,288.33	6,506.53	14,879.22	12,321.02	26,381.36
	Rest of t he World	7,226.19	6,61,.49	5,594.41	13,837.68	10,624.34	22,846.89
	Total	18,917.93	17,845.12	15,899.09	36,763.05	30,568.15	64,669.44
	Less : Inter segment revenue	4,203.80	4,198.82	3,907.52	8,402.62	7,600.36	15,954.03
	Revenue from operations	14,714.13	13,646.30	11,991.57	28,360.43	22,967.79	49,715.41
2	Segment results
		940.67
	Americas UK & Europe	1,699.79	1,000.95 1,702.92	1,105.98 1,149.90	1,941.62 3,402.71	2,321.79 1,977.26	4,501.35 5,310.98
	Rest of the World	1,471.55	1,062.35	768.85	2,533.90	1,408.22	3,115.38
	Total	4,112.01	3,766.22	3,024.73	7,878.23	5,707.27	12,927.71
	Less:
	Finance costs	101.63	127.31	135.70	228.94	272.80	548.25
	Other unallocable expenditure (net of unallocable income)	1,136.31	865.32	1,011.66	2,001.63	1,790.76	4,369.70
	Profit before share of profit/(loss) of equity accounted investees and tax	2,874.07	2,773.59	1,877.37	5,647.66	3,643.71	8,009.76
	Share of p rofit/(loss) of equity accounted investees (net of tax)	(42.94)	(6.62)	-	(49.56)	-	(5.37)
	Profit before tax	2,831.13	2,766.97	1,877.37	5,598.10	3,643.71	8,004.39
3	Segment assets
	Americas	2,761.50	2,953.62	2,437.82	2,761.50	2,437.82	2,697.84
	UK & Europe	5,709.15	5,317.01	5,376.27	5,709.15	5,376.27	5,333.26
	Rest of the World Total	1,438.36 9,909.01	988.02 9,258.65	1,068.21 8,882.30	1,438.36 9,909.01	1,068.21 8,892.30	1,531.60 9,562.70
	Unallocated assets	35,946.62	34,842.65	28,563.70	35,946.62	28,563.70	32,116.26
	Total assets	45,855.63	44,101.30	37,446.00	45,855.63	37,446.00	41,678.96
4	Segment liabilities
	Americas	219.89	192.18	133.05	219.89	133.05	213.41
	UK & Europe Rest of the World	3,912.41 917.77	3,446.30 995.79	2,568.73 651.57	3,912.41 917.77	2,568.73 651.57	3,619.69 899.46
	Total	5,050.07	4,634.27	3,353.35	5,050.07	3,353.35	4,732.56
	Unallocated liabilities	15,801.86	15,744.96	15,389.26	15,801.86	15,389.26	15,316.73
	Total liabilities	20 851.93	20 379.23	18 742.61	20 851.93	18 742.61	20,049.29

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

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

	KPIT TECHNOLOGIES LIMITED Registered & Corporate Office: Plot-17, Raj iv Gandhi lnfotech Park, MIDC -SEZ, Phase-Ill, Maan, Hinj awadi, Taluka - Mulshi, Pune - 411057 Phone : +91 20 6770 6000 I [email protected] I www.kpit.com I CIN: L74999PN2018PLC174192
	PART Ill: CONSOLIDATED BALANCE SHEET		tin million
	Particulars	As at 30 September 2024 (Unaudited)	As at 31 March 2024 (Audited)
A	ASSETS
1	Non-current assets
a.	Property, plant and equipment	2,407.93	2,395.27
b.	Right-of-use assets	3,245.22	3,033.45
C. d.	Capital work - in-progress Goodwill	79.68	5.16
\ e.	Other intangible assets	11,846.54 2,454.31	17,463.25 2,261.55
f.	Intangible assets under development	-	575.55
g.	Invest ments accounted fo r using the equit y met hod	1,484.09	81.38
h.	Financial asset s
	Investments	0.48	0.46
	Other financial asset s	442.87	697.91
i.	Income tax assets (net)	407.83	795.67
j.	Deferred tax assets (net)	1,110.72	787.93
k.	Other non- current assets	10.43	76.96
2	Current asset s	23 424.10	21 514.48
a.	Inventories	985.09	902.49
b.	Financial assets
	Investment s	978.41	862.91
	Trad e rece ivables
	Billed	6,530.23	7,489.47
	Unbilled	3,295.71	2,068.94
	Cash and cash equivalents	7,226.97	6,550.19
	Bank balances other than cash and cash equivalents above	1,736.75	1,155.13
	Loans Other financi al assets	177.71 687.03	- 422.84
c.	Other current asset s	874.23	712.51
		22 431.53	20,164.48
	TOTAL ASSETS	45,855.63	41,678.96
B	EQUITY AND LIAB ILITIES
	Equity
a.	Equity share capital	2,714.92	2,712.17
b .	Other equity	22,288.78	18,746.41
	Equity attributable to owners of the Company	25,003.70	21 458.58
	Non- controlling interests Total equity	- 25 003.70	177.09 21 ,629.67

	Liabilities
1	Non- current liabilities
a.	Financial liabiliti es
	Borrowings	-	0.59
	Lease liab ilities	2,373.58	2,167.48
	Other financial liabilities	-	1,546.77
b. c.	Provisions Deferred t ax liabilities (net)	607.53 652.17	512.84 695.72
		3 633.28	4 923.40
2	Current liabilities
a.	Financial liabilities
	Borrowings	402.24	446.77
	Lease liabilities	716.63	672.68
	Trade payables	2,910.19	2,397.69
	Other financial liabilit ies	3,335.40	3,272.05
b.	Ot her current liabilities	6,733.04	6,332.63
c. d.	Provisions Income tax liabilities (net)	1,119.03 2,002.12	771.23
		17 218.65	1,232.84 15,125.89
	TOTAL EOUITY AND LIABILITIES	45 855.63	41 678.96

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 ln their meetings held on 23 October 2024. These unaudited consolidated financial results have been prepared in accordance with the Indian Accounting Standards ("Ind-AS") as per the Companies (Indian Accounting Standards) Rules, 2015, as amended from time to time, notified under section 133 of the Companies Act, 2013 ("Act") and other relevant provisions of the Act.
2 The Statutory auditors of the Company have conduct~d a limited review on the above unaudited consolidated financial results of the Company for the quarter and half year ended 30 September 2024. An unqualified review conclusion has been issued by them thereon.

Details of forei n exchan e ain/loss included in above results: Partlcu lars		Quarter ended			Half Year ended
	30 September 2024 Unaudited	30 June 2024 (Unaudited)	30 September 2023 Unaudited	30 September 2024 Unaudited	30 September 2023 Unaudited	31 March 2024 (Audited)
Foreign exchange gain (net) included in other income		81.99	30.29	35.42		167.72
Forei n exchan e loss net included in other ex enses	46.57				31.03

4 During the previous year ended on 31 March 2024, the Group had acquired the balance stake of 75% in FMS Future Mobility Solutions GmbH, Germany (FMS) through KPIT Technologies GmbH, a wholly owned step down subsidiary of the Company. Pursuant to this, KPIT Technologies GmbH holds 100% stake in FMS.

In line with IND-AS 103, Business Combinations, the Group had remeasured its previously held equity interest in FMS at the acquisition-date fair value. Accordingly, the Group had recognised a gain of { 134.13 million in the half year ended 30 September 2023 and year ended 31 March 2024.

5 During the previous quarter, ZF Friedrichshafen AG ("ZF") had invested EURO 1.35 million in Qorix GmbH, a wholly owned subsidiary of KPIT Technologies Limited (KPIT), based on definitive terms of the Joint Venture Agreement entered into by KPIT and ZF to make an independent company focused on the creation of worldclass automotive middleware stack. Consequently, Qorix GmbH had become a Joint Venture Company of KPIT and ZF having 50:50 ownership. ZF has further invested EURO 13.65 million t ill date and assigned its relevant IP into Qorix GmbH.
Qorix GmbH being a Joint Venture Company, KPIT does not have majority control in Qorix and thereby, as per the provisions of the applicable Ind-AS, had : a. derecognised the assets and liabilities of Qorix GmbH and recognised the resulting one-time gain of { 199.07 million under "Other income" in the
consolidated statement of profit and loss account for the quarter ended 30 June 2024; b. recognised a one-time gain of { 197.22 million on transfer of IPs to Qorix GmbH under "Other income" in the consolidated statement of profit and loss account for the quarter ended 30 June 2024, along with the related tax expense oft 68.92 million under "Tax expense".
6 During the current quarter, the Company has recognised a one-time taxable gain oft 450.00 million on settlement of an insurance claim under "Other income" ln the consolidated statement of profit and loss account.
7 Subsequent to quarter ended 30 September 2024, the Company has acquired an additional 13% stake in N-Dream AG (N-Dream) post completion of all closing conditions for cash cons;deration of EURO 3 million. With this additional share purchase, total shareholding of the Company is 26% in N-Dream. The Company continues to hold non-controlling equity holding in N-Dream.
8 The Group has acquired 100% stake in KPIT Engineering Suarl, Tunisia (KPIT Tunisia) through KPIT Technologies GmbH, a wholly owned step down subsidiary of the Company. KPIT Tunisia operates as a nearshore development center, primarily serving Technica GmbH, its sole customer. The cash consideration for this acquisition amounts to EUR 5.00 million, which is part of the total consideration of EUR 110.00 million as per the Share
Purchase Agreement for Technica Group dated 21 September 2022 with the sellers. 9 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,
10 Consolidated statement of cash flows is attached in Annexure A.

Place: Pune Date: 23 October 2024

For and on behalf of the Board of Directors of KPIT TECHNOLOGIES LIMITED CEO & Managing Director DIN: 00076190

www.bseindia.com and National Stock Exchange of India Limited, www.nseindia.com, where the shares of the Company are listed.

';~~~ent ""'"'"' & Joint Managing Director DIN: 02918460

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 6000 I [email protected] I www.koit.com I CIN : L 74999PN2018PLC174192

ANNEXURE A: CONSOLIDATED STATEMENT OF CASH FLOWS

			~ in million
Particulars		Half Year ended	Year ended
	30 September 2024 (Unaudited)	30 September 2023 (Unaudited)	31 March 2024 (Audited)
A CASH FLOW FROM OPERATING ACTIVITIES
Profit before tax for the period/year	5,598.10	3,643.71	8,004.39
Adjustments for:
Depreciation and amortisation expense	1,085.97	931.37	1,957.93
Finance costs	228.94	272.44	548.25
Interest income	(69.02)	(46.80)	(112.35)
Dividend income	(0.16)	(1 .54)	(1.78)
Property, plant and equipments and other intangible assets written off	1.12	-	-
Net (gain)/loss on disposal of property, plant and equipments and intangible assets	(197.22)	1.20	7.13
Unrealised (gain)/loss on investment carried at fair value through profit and loss (net)	(5.60)	(11 .51)	(32.94)
Gain on loss of control (Refer note 5)	(199.07)	-	-
Realised gain on investment carried at fair value through profit and loss (net)	(16.65)	(2.98)	(11.46)
Net loss on fair valuation of earn outs and derivative assets carried at fair value	53.17	-	36.85
through profit or loss
Provision for doubtful debts and advances (net)	164.19	65.69	129.80
Bad debts written off	-	0.61	48.83
Share based compensation expenses	326.86	5:-1.74	91.65
Net unrealised foreign exchange (gain)/loss	45.21	(12.33)	(16.30)
Share of (profit)/loss of equity accounted investees (net of tax) Gain on previously held interest in equity accounted investee	49.56 -	- (134.97)	5.37 (136.95)
Others	(0.11)	(1 .92)	(0.89)
Operating profit before working capital changes	7,065.29	4,755.71	10,517.53
Adjustments for changes in working capital:
Trade receivables	(424.44)	(1,023.41)	(1,802.99)
Inventories	(82.60)	(303.00)	(314.99)
Ot her fi nancials assets and other assets	(767.56)	93.12	(181.34)
Trade payables	534.78	843.49	747.25
Other financial liabilities, other liabilities and provisions	978.61	1,105.42	2,423.11
Cash generated from operations	7,304.08	5,471.33	11,388.57
Income taxes paid (net) Net cash generated from operating activities (A)	(1,160.22) 6,143.86	(704.46) 4,766.87	(1,370.90) 10,017.67

B CASH FLOW FROM INVESTING ACTIVITIES
Purchase of property, plant and equipment and intangible assets	(901.66)	(999.57)	(1,553.37)
Proceeds from sale of property, plant and equipment	5.33	(0.48)	4.46
Payment for contractual obligation under acquisition agreement (net of cash acquired)	(1,977.78)	(3,262.63)	(3,286.30)
Investment in mutual fund	(4,176.00)	(1,666.00)	(4,216.00)
Proceeds from sale of investment in mutual fund	4,141.87	1,872.81	3,760.53
Proceed from sale of investments carried at fair value through profit and loss	0.88	6.30	27.67
Investment in an equity accounted investee Cash outflow pursuant to loss of control	(215.28) (229.79)	- -	(271.20) -
Interest received	59.32	33 .72	52.88
Dividend received	-	-	1.20
Amount placed in overseas money manager accounts and fixed deposits	(18,415.14)	(12,761.07)	(26,840.58)
Amount realized from overseas money manager accounts and f ixed deposits	18,027.07	12,764.18	26,683.70
Net cash used in investing activities (B)	(3,681.18)	(4,012.74)	(5,637.01'
C CASH FLOW FROM FINANCING ACTIVITIES
Repayment of long term loan from banks	(0.82)	(2.04)	(3.26)
Payment of lease liabilities	(435.06)	(361 .32)	(779.00)
Proceeds from working capital loan	1,429.25	3,758.25	4,527.93
Repayment of working capital loan	(1,504.21)	(3,165.15)	(4,680.61)
Proceeds from shares issued by Employee Welfare Trust	3.24	14.73	17.05
Dividend paid	(1,248.50)	(717.63)	(1,287.10)
Interest and finance charges paid	(51.59	(99.91)	(194.84)
Net cash used in financing activities (C)	(1,807.69'	(573.07)	(2,399.83)
Net increase in cash and cash equivalents (A + B + C)	654.99	181.06	1,980.83
Cash and cash equivalents at beginning of the period/year	6,550.19	4,542.13	4,542.13
Exchange differences on translation of foreign currency cash and cash equivalents	21.79	11.83	27.23
Cash and cash equivalents at close of the oeriod/vear	7,226.97	4,735.02	6,550.19

BS R & Co. LLP

Chartered Accountants

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

Limited Review Report on unaudited consolidated financial results of KPIT Technologies Limited for the quarter ended 30 September 2024 and year to date results for the period from 1 April 2024 to 30 September 2024 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 (hereinafter referred to as "the Parent"), and its subsidiaries (the Parent and its subsidiaries together referred to as "the Group") and its share of the net loss after tax and total comprehensive loss of its associate and joint ventures for the quarter ended 30 September 2024 and year to date results for the period from 1 April 2024 to 30 September 2024 ("the Statement"), being submitted by the Parent pursuant to the requirements of Regulation 33 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended ("Listing Regulations").
1. This Statement, which is the responsibility of the Parent's management and approved by the Parent's Board of Directors, has been prepared in accordance with the recognition and measurement principles laid down in Indian Accounting Standard 34 "Interim Financial Reporting" ("Ind AS 34"), prescribed under Section 133 of the Companies Act, 2013, and other accounting principles generally accepted in India and in compliance with Regulation 33 of the Listing Regulations. Our responsibility is to express a conclusion on the Statement based on our review.
1. We conducted our review of the Statement in accordance with the Standard on Review Engagements (SRE) 2410 "Review of Interim Financial Information Performed by the Independent Auditor of the Entity", issued by the Institute of Chartered Accountants of India. A review of interim financial information consists of making inquiries, primarily of persons responsible for financial and accounting matters, and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with Standards on Auditing and consequently does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion.

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

The Statement includes the results of the entities mentioned in Annexure I to the Statement.

BS R & Co. (a pa~nership firm with Registration No. BA61223) converted into BS R & Co. LLP (a Limited Liability Partnership with LLP Registration No. AAB-8181) with effect from October 14, 2013

Registered Office:

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

Limited Review Report (Continued)

KPIT Technologies Limited

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.

For B S R & Co. LLP

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

..... - Shiraz Vastani

Partner Membersliip No.: 103334 UDIN:24103334BKGEPU5898

Pune 23 October 2024

Page 2 of 4

Limited Review Report (Continued) KPIT Technologies Limited

Annexure I

List of entities included in unaudited consolidated financial results.

Sr. No	Name of component	Relationship
1	KPIT Technologies (UK) Limited	Subsidiary
2	KPIT (Shanghai) Software Technology Co. Limited	Subsidiary
3	KPIT Technologies Netherland B.V.	Subsidiary
4	KPIT Technologies GmbH	Subsidiary
5	KPIT Technologias Ltda.	Subsidiary
6	Microfuzzy lndustrie-Elektronic GmbH	Subsidiary
7	KPIT Technologies Limited GK	Subsidiary
8	KPIT Technologies Inc.	Subsidiary
9	KPIT Technologies Holding Inc.	Subsidiary
10	ThaiGerTec Co., Limited	Subsidiary
11	PathPartner Technology Private Limited	Subsidiary
12	PathPartner Technology Inc.	Subsidiary
13	Path Partner Technology GmbH	Subsidiary
14	Somit Solutions (UK) Limited	Subsidiary
15	Somit Solutions Inc.	Subsidiary
16	KPIT Technologies S.A.S	Subsidiary
17	Technica Engineering GmbH	Subsidiary
18	Technica Electronics Barcelona, S.L.	Subsidiary
19	Technica Electronics Spain S.L. - ~Rc;:;-	Subsidiary
20	, 6 ;· <4 Technica Engineering Inc. 8thF:~ ~( Bus;r ~ ,	Subsidiary
	v; l•I••"~' : ik * . ., nc B:UK, o adi f!J rs	Page 3 of 4

u:itn1~G:11 #

r1 ; t.--c ,v

BS R & Co. LLP

Limited Review Report (Continued) KPIT Technologies Limited

21	FMS Future Mobility Solutions GmbH	Subsidiary
22	KPIT Technologies Employee Welfare Trust (ESOP Trust)	Subsidiary
23	Qorix GmbH	Joint venture
24	Qorix India Private Limited	Subsidiary of Joint venture
25	N Dream AG	Associate
26	KPIT Engineering SUARL	Subsidiary

Page 4 of 4

Registered & Corporate Office : Plot-17, Rajiv Gandhi lnfotech Park, MIDC-SEZ, Phase-I ll, Maan, Hinjaw adi, Taluka - Mulshi, Pune - 411057 Phone : +91 20 6770 6000 I [email protected] Iww w .koit.com I CIN : L74999PN2018PLC174192
PART I: STATEMENT OF UNAUDITED STANDALONE FINANCIAL RESULTS FOR THE QUARTER AND HALF YEAR ENDED 30 SEPTEMBER 2024					( in m illion (excep t p er share data)
Particulars		Quarter ended			Half Year ended	Year ended
	30 September 2024 (Unaudited)	30 June 2024 (Unaudited)	30 September 2023 (Unaudited)	30 September 2024 (Unaudited)	30 September 2023 (Unaudited)	31 March 2024 (Audited)
Revenue from operations	6,847.20	5,684.36	5,034.12	12,531.56	9,483.67	20,166.02
Other income (Refer note 3, 4 and 5)	538.08	63.23	59.45	601.31	46.92	686.13
Total Income	7,385.28	5,747.59	5,093.57	13,132.87	9,530.59	20,852.15
Expenses
Cost of materials consumgd		0.57		0.57
Employee benefits expense	3,931.09	3,614.45	2,994.28	7,545.54	5,668.29	12,411 .12
Finance costs	21 .54	41.53	37.10	63.07	75.24	145.54
Depreciation and amortization expense Net loss on investments carried at fair value through profit and loss	305.33 2.20	287.87 1.66	254.42	593.20 3.86	483.14	1,028.54
Other expenses (Refer note 3)	943.24	817.37	698.06	1,760.61	1,198.51	2,886.48
Total expenses	5,203.40	4,763.45	3,983.86	9,966.85	7,425.18	16,471.68
Profit before tax	2,181 .88	984.14	1,109.71	3,166.02	2,105.41	4,380.47
Tax expense
Current tax	575.49	276.37	285.95	851.86	537.20	1,085.31
Deferred tax (benefit)/ charge Total tax expense	(15.80) 559.69	(45.10) 231.27	(19.75) 266.20	(60.90) 790.96	(41.91) 495.29	26.88 1,112.19
Profit for the period/year	1,622.19	752.87	843.51	2,375.06	1,610.12	3,268.28
Other comprehensive Income Items that will not be reclass ified subsequently to profit or loss
Remeasurements of defined benefit plans - gain/(loss)	(28.77)	(10.10)	(43.63)	(38.87)	(48.77)	(64.36)
Income tax on items that will not be reclassified subsequently to profit or loss	10.05	3.53	15.24	13.58	17.04	22.49
Items that will be reclassified subsequently to profit or loss Effective portion of gains/(losses) on hedging instruments	(533.98)	80.64	26.30	(453.34)	238.30	208.37
in cash flow hedges Income tax on items that w ill be reclassified subsequently to	186.59	(28.18)	(9.19)	158.41	(83.27)	(72.81)
profit or loss Total other comprehensive income/(losses)	(366.11)	45.89	(11.28)	(320.22)	123.30	93.69
Total comorehensive income for the period/year	1,256.08	798.76	832.23	2,054.84	1,733.42	3,361.97
Paid-up equity share capital (face value oft 10 per share)
	2,714.92	2,713.54	2,710.13	2,714.92	2,710.13	2,712.17
Other equity						13,308.28
Earnings per equity share (face value oft 10 per share)*
Basic Diluted	5.98 5.93	2.78 2.76	3.11 3.09	8.75 8.69	5.95 5.90	12.06
						11.97

KPIT TECHNOLOGIES LIMITED

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

PART II: STANDALONE BALANCE SHEET

			r in million
	Particulars	As at 30 September 2024	As at 31 March 2024
	A ASSETS	(Unaudited)	(Audited)
	1 Non-current assets
	a. Property, plant and equipment	1,817.14	1,866.94
	b. Right-of- use assets	1,210.05	942.71
	c. Capital work-in-progress	19.66	5.12
	d. Other intangible assets	563.54	305.20
	e. Intangible assets under development	-	0.28
f.	Financial assets
	Investments	12,042.53	9,921.64
	Other financial assets	109.57	438.34
	g. Income tax assets (net)	172.94	78.99
	h. Deferred tax assets (net)	467.13	333.46
	i. Other non-current assets	7.41	7.16
		16,409.97	13,899.84
	2 Current assets a. Financial assets
	Investments	421.37	478.26
	Trade receivables
	Billed	2,837.66	3,494.73
	Unbilled	1,232.43	727.78
	Cash and cash equivalents	1,154.98	998.24
	Bank balances other than cash and cash equivalents above	526.07	224.79
	Other financial assets	738.74	1,314.19
	b. Other current assets	444.23	388.74
		7,355.48	7,626.73
	TOTAL ASSETS	23,765.45	21,526.57
	B EQUITY AND LIABILITIES
	Equity	2,714.92	2,712.17
	a. Equity share capital b. Other equity	14,441.02	13,308.28
		17,155.94	16,020.45
	Liabilities
	1 Non-current liabilities
	a. Financial liabilities
	Borrowings	-	0.59
	Lease liabilities	712.27	460.34
	b. Provisions	557.81	462.40 923.33
	2 Current liabilities	1,270.08
	a. Financial liabilities
	Borrowings	1.44	1.67
	Lease liabilities	223.29	216.05
	Trade payables
	(i) Total outstanding dues of micro enterprises and small enterprises (ii) Total outstanding dues of creditors other than micro enterprises and small enterprise!	7.09 1,135.84	16.25 852.01
	Other financial liabilities	1,164.20	1,423.47
	b. Other current liabilities	2,345.46	1,694.04
	c. Provisions	378.64	357.72
	d . Income tax liabilities (net)	83.47	21 .58
		5,339.43	4,582.79
	TOTAL EQUITY AND LIABILITIES	23,765.45	21,526.57

Notes: 1 The above unaudited standalone financial results have been revi ewed by the Audit Committee and thereafter approved and taken on record by the Board of Directors in their meetings held on 23 October 2024. These unaudited standalone financ ial results have been prepared in accordance with the Indian Accounting Standards {"Ind-AS") as per the Companies (Indian Accounting Standards) Rules, 2015, as amended from time to t ime, notified under section 133 of the Companies Act, 2013 ("Act") and other relevant provisions of the Act.
2 The statutory auditors of the Company have conducted a limited revi ew of the above unaudited standalone financial results of the Company for the quarter and half year ended 30 September 2024. An unqualified review conclusion has been issued by them thereon.

Particulars	Quarter ended			Half Year ended	Year ended
	30 September 2024 unaudited	30 June 2024 (Unaudited)	30 September 2023 Unaudited	30 September 2024 Unaudited	30 September 2023 Unaudited	31 March 2024 (Audited)
Foreign exchange gain (net) included ln other income	70.16	44.66	35.96	114.82		183.95
Foreign exchange loss (net) included in other ex enses					55.37

4 The figures for the year ended 31 March 2024, included a one-time gain of~ 394.44 million on sale of asset to its wholly owned subsidiary as at that date.

5 During the current quarter, the Company has recognised a one-time taxable gain oft 450.00 million on settlement of an insurance claim under "Other income" in the statement of profit and loss account.

6 During the previous quarter, ZF Friedrichshafen AG ("ZF") had invested EURO 1.35 million in Qorix GmbH, a wholly owned subsidiary of KPIT Technologies Limited (KPIT), based on definitive terms of the Joint Venture Agreement entered into by KPIT and ZF to make an independent company focused on the creation of worldclass automotive middleware stack. Consequently, Qorix GmbH had become a Joint Venture Company of KPIT and ZF having 50:50 ownership. ZF has further invested EURO 13.65 million till date and assigned its relevant IP into Qorix GmbH.
7 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 financ ial results. Accordingly, segment information has been presented in the consolidated financial results.
8 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.
9 Subsequent to quarter ended 30 September 2024, the Company has acquired an additional 13% stake in N-Dream AG {N -Dream) post completion of all closing conditions for cash consideration of EURO 3 million. With this additional share purchase, total shareholding of the Company is 26% in N-Dream. The Company continues to hold non-controlling equity holding in N- Dream.

10 Statement of Cash flows is attached in Annexure A

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

~ ;,,;,.,.,

:1dent & Joint Managing Director DIN: 02918460

Place: Pune Date: 23 October 2024

KPIT TECHNOLOGIES LIMITED

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

ANNEXURE A: STANDALONE STATEMENT OF CASH FLOWS

			~ in million
Particulars	Half year ended		Year ended
	30 September 2024 (Unaudited)	30 September 2023 (Unaudited)	31 March 2024 (Audited)
A CASH FLOW FROM OPERATING ACTIVITIES
Profit before tax for the period/year	3,1 66.02	2,105.41	4,380.47
Adjustments for:
Depreciation and amortization expense	593.20	483.14	1,028.54
Finance costs	63.07	74.88	145.54
Interest income	(24.69)	(24.43)	(61.73)
Dividend income	(0.16)	(0.34)	(0.58)
Property, plant and equipments and other intangible assets written off	0.71	-	-
Net gain on disposal of property, plant and equipments Unrealised (gain)/loss on investment carried at fair value through profit and loss (net)	(0.88) 3.86	(0.18) (10.10)	(394.64) (23.98)
Net loss on fair valuation of earn outs and derivative assets carried at fair value through profit or loss	27.20	-	36.95
Realised gain on investment carried at fair value through profit and loss (net)	(11.22)	(2.93)	(10.78)
Provision for doubtful debts and advances (net)	63.52	33.13	108.37
Bad debts written off	-	-	4.39
Share based compensation expenses	160.90	23.99	44.83
Net unrealised foreign exchange loss/(gain) Others	(46. 87) (0.07)	81.21 (0.55)	19.94 (0. 55)
Operating profit before working capital changes	3,994.59	2,763.23	5,276.77
Adjustments for changes in working capital:
Trade receivables	100.31	(1,272.51)	(132.65)
Other financials assets and other assets	(372.09)	97.81	(33.70)
Trade payables Other financial liabilities, other liai:Jilities and provisions	271.58 907.11	630.41 41.64	358.57 590.72
Cash generated from operations	4,901.50	2,260.58	6,059.71
Income taxes paid (net)	(784.68)	(498.27)	(936.56)
Net cash generated from operating activities (A)	4,116.82	1,762.31	5,123.15
B CASH FLOW FROM INVESTING ACTIVITIES
Purchase of property, plant and equipment and intangible assets	(753.73)	(893.03)	(1,217.75)
Proceeds from sale of property, plant and equipment	1.59	0.21	0.43
Investment in subsidiaries	(925.00)	(1,337.31)	(1,799.05)
Payment for contractual obligation under acquisition agreement (net of cash acquired) Investment in an associate	(720.92) (215.28)	- -	- (271.20)
Investment in mutual fund	(3,988.00)	(1,415.00)	(3,725.01)
Proceeds from sale of investment in mutual fund	4,051 .37	1,747.91	3,605.64
Proceed from sale of investments carried at fair value through profit and loss	0.88	6.31	27.68
Interest received	16.03	14.42	20.58
Dividend received Amount placed in fixed deposits	-	-	1.20
Amount realized from fixed deposits	(2,014.20) 1,950.77	(956.00) 944.77	(2,781.00) 2,826.21
Net cash used in investing activities (B)	(2,596.49)	(1,887.72)	(3,312.27)
C CASH FLOW FROM FINANCING ACTIVITIES
Repayment of long term loan from banks	(0.82)	(2.04)	(3.26)
Payment of lease liabilities	(147.14)	{96.29)	(223.05)
Proceeds from working capital loan	1,410.68	3,592.13	4,361.19
Repayment of working capital loan	(1,410.68)	(2,884.12)	(4,361.19)
Proceeds from shares issued by Employee Welfare Trust Dividend paid	3.24	14.73	17.05
Interest and finance charges paid	(1,248.50) (5.98)	(717.63) (23.86)	(1,287.10) (49.81)
Net cash used in financing activities (C)	(1,399.20)	(117.08)	(1,546.17)

Net increase/(decrease) in cash and cash equivalents (A + B + C}	121.13	(242.49}	264.71
Cash and cash equivalents at beginning of the period/year	998.24	713.05	713.05
Exchange differences on translation of foreign currency cash and cash equivalents	35.61	3.64	20.48
Cash and cash equivalents at close of the period/year	1,154.98	474.20	998.24

BS R & Co. LLP

Chartered Accountants

8th floor, Business Plaza Westin Hotel Campus 36/3-B, Koregaon Park Annex Mundhwa Road , Ghorpadi Pune - 411 001 , India Telephone: +91 (20) 6747 7300 Fax: +91 (20) 67477100

Limited Review Report on unaudited standalone financial results of KPIT Technologies Limited for the quarter ended 30 September 2024 and year to date results for the period from 1 April 2024 to 30 September 2024 pursuant to Regulation 33 of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended

To the Board of Directors of KPIT Technologies Limited

1. We have reviewed the accompanying Statement of unaudited standalone financial results of KPIT Technologies Limited (hereinafter referred to as "the Company") for the quarter ended 30 September 2024 and year to date results for the period from 1 April 2024 to 30 September 2024 ("the Statement") (in which are included interim financial information from an Employee Stock Option (ESOP) trust).
1. Th is Statement, which is the responsibility of the Company's management and approved by its Board of Directors, has been prepared in accordance with the recognition and measurement principles laid down in Indian Accounting Standard 34 "Interim Financial Reporting" ("Ind AS 34"), prescribed under Section 133 of the Companies Act, 2013, and other accounting principles generally accepted in India and in compliance with Regulation 33 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended ("Listing Regulations"). Our responsibility is to issue a report on the Statement based on our review.
1. We conducted our review of the Statement in accordance with the Standard on Review Engagements (SRE) 241 O "Review of Interim Financial Information Performed by the Independent Auditor of the Entity", issued by the Institute of Chartered Accountants of India. A review of interim financial information consists of making inquiries, primarily of persons responsible for financial and accounting matters, and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with Standards on Auditing and consequently does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion.
1. Based on our review conducted as above, nothing has come to our attention that causes us to believe that the accompanying Statement, prepared in accordance with the recognition and measurement principles laid down in the aforesaid Indian Accounting Standard and other accounting principles generally accepted in India, has not disclosed the information required to be disclosed in terms of Regulation 33 of the Listing Regulations, including the manner in which it is to be disclosed, or that it contains any material misstatement.

For B S R & Co. LLP

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

----. Shiraz Vastani Partner Membership No.: 103334 UDIN:24103334BKGEPT9363

Pune 23 October 2024

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

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

KP 11·

October 23, 2024

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

Sub·ect: - Un-Audited financial results of KPIT Technologies Limited ("the Company") for the quarter and half year ended September 30, 2024.

Dear Sir/ Madam,

With reference to the captioned subject, we wish to submit that there is a difference of Rs. 26.52 million in the paid-up equity share capital of the Company as reported in the shareholding pattern submitted for the quarter ended September 30, 2024 (Rs. 2,741.43 million) and un-audited financial results for the quarter and half year ended September 30, 2024 (Rs. 2,714.92 million) on account of elimination of shares held by KPIT Technologies Employees Welfare Trust (the "Trust') as the Company consolidates the financials of the Trust. The Trust holds 2.65 million equity shares in the Company (total face value of Rs. 26.52 million at Rs. 10/- per share) as on September 30, 2024.

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

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KPIT Technologies Ltd Regulatory Filings 2024