KPIT Technologies Limited has informed the Exchange about Investor Presentation
November 10, 2025
BSE Limited Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai - 400001.
Scrip ID: KPITTECH Scrip Code: 542651
National Stock Exchange of India Ltd., Exchange Plaza, C/1, G Block, Bandra - Kurla Complex, Bandra (E), Mumbai – 400051.
Symbol: KPITTECH Series: EQ
Kind Attn: The Manager, Department of Corporate Services
Kind Attn: The Manager, Listing Department
Subject: - Investor Update – Q2 FY 2026.
Dear Sir / Madam,
Please find enclosed the investor Update – Q2 FY 2026.
Kindly take the same on your records.
Thanking you.
Yours faithfully,
For KPIT Technologies Limited
Ashish Malhotra General Counsel & Company Secretary
Encl.: - as above
KPIT Technologies Limited Registered & Corporate Office: Plot No. 17, Rajiv Gandhi Infotech Park, MIDC-SEZ, Phase-III, Maan, Taluka-Mulshi, Hinjawadi, Pune-411057, India. CIN: L74999PN2018PLC174192
O +91 20 6770 6000 E info@kpit.com W kpit.com
November 10, 2025 Investor Update Q2 FY26
KPIT Technologies Ltd.
Forward Looking Statements
Some of the statements in this update that are not historical facts, are forward-looking statements. These forward-looking statements include our financial and growth projections, as well as statements concerning our plans, strategies, intentions and beliefs concerning our business and the markets in which we operate. These statements are based on information currently available to us, and we assume no obligation to update these statements as circumstances change. There are risks and uncertainties that could cause actual events to differ materially from these forward-looking statements. These risks include, but are not limited to, the level of market demand for our services, the competitive market for the type of services and solutions that we offer, market conditions that could cause our clients to reduce their spending for our services, our ability to create, acquire and build new businesses and to grow our existing businesses, our ability to attract and retain qualified personnel, currency fluctuations and market conditions in India and elsewhere around the world, and other risks not specifically mentioned herein but those that are common to industry. In certain cases, the numbers reported in this update might be rounded off to the nearest whole number.
11/10/2025
2
Performance Overview
Q2FY26
Reimagining Mobility with YOU
Performance Overview
1
Q2FY26 ₹ YoY
Growth of 7.9%, $ YoY growth of 4.4%
Q2FY26 EBITDA margin expands to 21.1%
M Q2FY26 reported $ QoQ growth of 1.8% 1
Revenue
Growth in connected, autonomous, CVs and Europe
2
Profits
Q2FY26 EBITDA YoY growth 9.4%, QoQ growth 3.5% Q2FY26 EBIT at 16.4%
3
Cash and
DSO
Q2FY26 closing net cash at ₹ 10,364 million Q2FY26 DSO stood at 49 days
4
Wins and Pipeline
$ 232M worth engagements closed in the quarter Pipeline continues to be robust
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4
Performance Highlights Net Profit (₹ million)
Q2FY26
Q2FY25
Q1FY26
Growth (YoY) Growth (QoQ)
Reported Profit
One-time Income
Tax on above item
Gain/ (Loss) from associate & JV
Sustainable Operational Profit
1,691
2,037
1,719
-17.0%
-1.6%
152
-
(227)
1,766
450
157
(43)
1,787
-
-
(51)
1,770
-
-
-
-
-1.2%
-0.2%
01 Q2FY26 Y-o-Y CC growth 0.4%, Q-o-Q CC growth 0.3%
Caresoft* consolidated for 2 mths, contributed to 2.5% Q-o-Q growth
02
Q2FY26 EBITDA margins 21.1%
Margins aided by operational efficiency and INR depreciation
03 Additional Depreciation in Q2FY26 due to Caresoft Intangibles amortization - ₹43 M. Additional Finance Cost on Caresoft Deferred Consideration - ₹47 M. One-time Associate Loss - ₹60 M
04
Robust Cash Conversion continued in Q2FY26. Net Cash at ₹10.4 B as against ₹16.2 B last quarter, post Caresoft Payout - ₹4,723 M, Helm investment - ₹880 M and Dividend payout - ₹1,632 M
*Excluding Caresoft Italy entity, which shall be done in Q3FY26 • N-Dream revenues are not consolidated in Q2FY26
11/10/2025
5
Additional facts - timeseries Revenue $ Million
Consistent Performance
159 165 173 176 177 178 181
145 149
134
124
110
65 65 70 74 77 80 84 87 90 94
21 Consecutive Quarters of Steady Revenue Growth
EBITDA ₹ Billion
0.7 0.7 0.8 0.9 1.0 1.0 1.2 1.2 1.3 1.4
1.9
1.7
2.2 2.4 2.6 2.7 2.9 3.1 3.1 3.2 3.2 3.4
21 Consecutive Quarters of Steady EBITDA Growth
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6
Management Quotes
Kishor Patil, Co-founder, CEO and MD, KPIT said, “Despite ongoing global uncertainties, we are seeing signs of renewed optimism in the mobility ecosystem. Our strategic investments, such as the Caresoft Engineering Solutions Business acquisition closure in Q2 in Q3, are and the stake increase in NDream coupled with the investment in helm.ai strengthening our foundation and expanding our capabilities. As the industry accelerates toward software-defined vehicles, KPIT’s focus on next-generation technologies, AI-driven solutions, and deep client partnerships positions us to lead this transformation. We remain committed to delivering value to our clients globally and we have invested deeply in AI led new technologies, adjacencies in mobility and new markets to give us sustainable growth in the medium term. We are confident about a better H2 and a promising FY27.”
Sachin Tikekar, Co-founder and Joint MD, KPIT said, “KPITs’ trusted partnerships with clients’ continue to deepen, as we help them navigate an evolving business landscape. The consolidation of our recent acquisitions and our investments in talent and AI upskilling are enabling us respond swiftly to client needs and deliver innovative solutions at scale. We continue to make investments for transforming our business from services to solutions that solve client problems faster, cheaper and better. OEMs are seeking partners who can take full ownership of programs and deliver end-to-end solutions. Our investments in adjacencies have started paying off where we are winning strategic engagements and pacing up to created reliable partnerships. As we move into the second half of the year, we are well-positioned to capture new opportunities and resume our growth momentum.”
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7
Cash Flow – Major Movement
₹ M
Increase in Working Capital – 8,058
Capex – 548 Caresoft payout – 4,723 Helm payout – 880 Dividend payout – 1,632
Cash and Cash Equivalents break-up
In Investment Accounts (in India)
In Investment Accounts (outside India)
In Operating Accounts
TOTAL
₹ M
2,403
1,750
7,681
11,834
NET CASH (₹ M)
Q2FY26 Q1FY26
Gross Cash
11,834
16,233
Long Term Debt
Short Term Debt
NIL
1,470*
NIL
12
NET CASH
10,364
16,220
DSO Q2FY26 end : 49 Days
* Short-Term Working Capital Loan. Plan to repay by end of the year.
11/10/2025
8
Strategic Large Engagement
KPIT to accelerate innovation and delivery in European OEM groups’ SDV transformation
• Long term, Multi-Million-Dollar partnership to drive scale, speed and
efficiency in roll out of next-generation mobility technologies
• Global engagement spans across vehicle domains and technologies including Infotainment, Propulsion, Vehicle Engineering, Body & Chassis; Middleware & Cloud
• KPIT Solutions ( including multiple Platforms, Tools, and Accelerators and AI Powered enhancements) will be critical components of this engagement to accelerate delivery, bringing speed and innovation to the forefront
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9
New Engagements
Strong Wins - TCV of new engagements won during Q2FY26 : $ 232 million
A Leading European Car Manufacturer selected KPIT for strategic engagements in the middleware domain.
Multiple engagements in connected and body electronics domains for a leading European Car Manufacturer.
Multiple engagements in the vehicle diagnostics and connected domains with a leading American Car Manufacturer.
Strategic engagements in the middleware, powertrain and body electronics domains with a leading American Commercial Vehicle OEM.
A leading European Car Manufacturer selected KPIT for multiple engagements in the electric powertrain, connected and autonomous domains
The TCV of new engagements won in Q2FY26 includes some wins from the Strategic Engagement
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10
FY26 and beyond
Pipeline and Deal Wins Robust pipeline growth and healthy deal wins in the last 2 quarters. Transformative large engagements won, which will contribute to revenue growth in H2 of FY26
Healthy Deal Wins and Strong Pipeline
Robust medium term growth opportunities
AI Client solutions: AI Native Client Engagements. Reimagining s/w development lifecycle with AI interventions. Talent upskilling: Mandatory AI courses for all employees, with a strong focus on experimentation and adoption. Significant investments in on-premise hardware to ensure client confidentiality
Expanding horizons New vehicle programs in existing partnerships, addition of new logos, expanding into new geographic markets, mobility adjacencies like off-highway, solutions on cost reduction and cybersecurity will propel medium-term growth. Focus on China and India markets.
Profitability Focus on productivity improvement with AI, Revenue movement towards fixed price and solution led business, Average cost reduction by pyramid optimization
11/10/2025
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Other Updates
Sir, attachments ?
Q2FY26
Reimagining Mobility withYOU
Keynote at the Nasscom Design and Engineering Summit 2025
KPIT Shares Insights on AI's Impact at Gerpisa Colloquium 2025, Shanghai
At the NASSCOM Design and Engineering Summit 2025, Kishor Patil, CEO & MD, delivered a keynote on how India can lead the next frontier of engineering innovation. He emphasized the need for agile ecosystems, higher R&D investment, and stronger collaboration across industry, academia, and startups and underlined that the growth of the ER&D sector will depend on how effectively we innovate, invest, and co-create for the future.
At a recent industry panel, Dr. Renjie Zhang (CEO, KPIT China) joined leaders from DreamSmart, SemiDrive, Sunic Capital, and Xinjinshan Industrial. Dr. Zhang shared his “AI Automotive Inflection Point Formula,” highlighting the convergence of technology, policy, and ecosystems in driving innovation.
14
Shaping the Future of Mobility at IAA Mobility 2025, Munich
KPIT Hosted its First Yellow Forum at IAA Mobility
For the first time, KPIT hosted an exclusive evening at the Yellow Forum in Munich, bringing together senior leaders from the global automotive ecosystem for curated discussions on chip-to-cloud architectures, AI across the vehicle lifecycle, and China’s growing influence in mobility innovation. The event fostered meaningful dialogue and collaboration across the ecosystem.
KPIT Joined a Panel to Discuss Mobility Opportunities Across ASEAN at PwC Smart Mobility Space
At the PwC Smart Mobility Space, Mohit Kochar (Sr. VP and CMO, KPIT) joined industry leaders to explore the evolving mobility landscape across ASEAN-6. He emphasized the growing importance of software and digital capabilities as the region accelerates toward electrification and software-defined vehicles, while highlighting ASEAN’s emergence as an innovation hub and its synergy with India.
Recognition for Leadership and DEI Initiatives at Reuters DRIVE Honors USA
Recognition for our Technology initiatives in Treasury function under the category “Innovation” by IMA CFO forum
Function
leadership KPIT Treasury unanimously declared a winner and selected as a part of the CFONEXT100 2025 Roll of Honor
KPIT Partners with COEP to Launch Advanced Embedded Systems Lab
Supporting Young Engineers at TUfast e.V. Racing Event
KPIT, in partnership with COEP Technological University, inaugurated the KPIT APEX Lab (Advanced Platform for Embedded eXpertise), a dedicated space for research, skill-building, and hands-on learning in embedded systems. Aligned with NEP 2020, the lab bridges academic learning with industry application and promotes shared infrastructure, curriculum development, and faculty upskilling across partner institutions.
KPIT participated in the Prime Fair hosted by the TUfast e.V. Racing Team at the Technical University of Munich (Technische Universität München). As a long-standing supporter of TUfast, our team engaged with students across engineering disciplines, discussing topics such as electric mobility, software-defined vehicles, and innovation in the automotive industry.
KPIT and Technica at IKOM Career Fair, Technical University of Munich
KPIT Explores Networking Opportunities as Sponsor of Gladiator Fightnight in Ingolstadt
WATCH HIGHLIGHTS
Festive Cheer and Tradition Mark Onam Celebrations in Kochi
KPIT’s flagship CSR initiative, Chhote Scientists Featured on CSR Universe
Summer Interns in Michigan Contribute to Local Education through Operation Backpack
KPIT’s flagship CSR initiative, ChhoteScientists, continues to make science accessible and exciting for children across India. In a recent CSR Universe feature, Tushar Juvekar, Lead – CSR Initiatives, shared how the initiative is empowering first- generation learners and demonstrating that science can be simple, inclusive, and transformative.
As part of our commitment to community engagement, KPIT’s summer interns in Southfield, MI, volunteered with Operation Backpack by Volunteers of America Michigan. They spent the day organizing supplies and packing backpacks for students in need, spreading smiles and helping young learners start their school year strong.
Volunteers and Partners Unite to Prevent Homelessness in Columbus
Historic Inspiration Meets Sustainability in Tunisia Team Outing to El Jem Colosseum
Financial & Operational Data
Snapshot
Reimagining Mobility withYOU
Profit & Loss Account Snapshot
INR MN
DETAILS
Revenue from Operations
Other Income
Total Income
Operating Expenses
EBITDA
Depreciation
EBIT
Finance Costs
Change in FMV of Investments
Profit Before Exceptional Items
Profit/(loss) from equity accounted investee
PBT
Tax
PAT
Profit Attributable to owners of Company
Profit Attributable to non-controlling interest
Q2FY26
Q1FY26
Q2FY25
15,877.11 233.88 16,110.99 12,670.52 3,350.95 747.06 2,603.89 162.51 1.91 2,532.81 (227.16) 2,305.65 614.78 1,690.87 1,690.87 -
15,387.61 154.88 15,542.49 12,388.85 3,239.06 628.81 2,610.25 120.28 4.72 2,409.27 (51.17) 2,358.10 639.11 1,718.99 1,718.99 -
14,714.13
514.77 15,228.89 11,696.59 3,064.11 560.83 2,503.28 101.63 4.22 2,874.07
(42.94) 2,831.13 793.68 2,037.45 2,037.45 -
This includes Forex Loss of ₹ 144.36 million which is not included in EBITDA
11/10/2025
21
Balance Sheet Snapshot
INR MN
Balance Sheet Snapshot
ASSETS
Q2FY26
Q1FY26
NON-CURRENT ASSETS
Property, Plant & Equipment
2,580.43
2,523.61
Right-of-use Assets
3,873.79
3,961.95
EQUITY & LIABILITIES
Q2FY26
Q1FY26
Equity Share Capital
Other Equity
Equity attributable to owners
Non-controlling interests
2,720.61
29,912.06
32,632.67
-
2,719.25
29,037.85
31,757.10
-
Other Tangible Assets
3.39
45.19
TOTAL EQUITY
32,632.67
31,757.10
Goodwill & Other Intangibles
29,463.09
14,885.19
NON-CURRENT LIABILITIES
Other Non-Current Assets
4,891.31
3,960.65
TOTAL NON-CURRENT
40,812.01
25,376.59
CURRENT ASSETS
Inventories
Cash and Bank
868.05
804.02
CURRENT LIABILITIES
11,834.43
16,232.73
Borrowings
Lease Liabilities
Other Non-Current Liabilities
TOTAL NON-CURRENT
Trade Receivables
8,859.50
7,233.24
Other Current Assets
4,763.88
3,591.34
TOTAL CURRENT
26,325.86
27,861.33
Borrowings
Trade Payables
Lease Liabilities
Others
TOTAL CURRENT
NIL
2,872.52
3,514.66
6,387.18
NIL
2,986.57
1,337.41
4,323.98
1,470.43
2,874.20
12.49
2,027.86
948.57
881.12
22,824.82 28,118.02
14,235.37 17,156.84
TOTAL ASSETS
67,137.87
53,237.92
TOTAL EQUITY AND LIABILITIES
67,137.87
53,237.92
11/10/2025
22
Revenue Break-up
USD MN
Verticals*
Passenger Cars
Commercial Vehicles and Off-highway
Q2FY26
Q1FY26
Q2FY25
143.57
31.40
145.42
26.32
139.08
28.65
Q-o-Q
(1.3)%
19.3%
*Thebalancerevenuescomefromothers,whichisnotabigareaasofnow
Business Units#
Q2FY26
Q1FY26
Q2FY25
Q-o-Q
Feature Development & Integration
Architecture & Middleware Consulting
Cloud Based Connected Services
109.93
105.79
31.22
39.73
35.85
36.13
103.35
40.60
29.23
#FeatureDevelopment&Integration-Electrification,AD-ADAS,BodyElectronicsandVEDM Architecture&MiddlewareConsulting–Middleware,AUTOSAR CloudBasedConnectedServices–IntelligentCockpit,Digital Connected SolutionsandDiagnostics
3.9%
(12.9)%
(23.1)%
10.0%
35.9%
Y-o-Y
3.2%
9.6%
Y-o-Y
6.4%
Geography
US
Europe
Asia
Q2FY26
Q1FY26 Q2FY25
Q-o-Q
Y-o-Y
49.57
89.02
42.28
51.87
78.83
47.07
47.59
84.46
41.13
(4.4)%
12.9%
(10.2)%
4.2%
5.4%
2.8%
11/10/2025
23
P&L Metrics
Revenue by Contract Type
Time & Material Basis
Fixed Price Basis
Clients
Q2FY26
Q1FY26
Q2FY25
Q-o-Q
Y-o-Y
35.2%
64.8%
37.5%
62.5%
43.3%
56.7%
(4.5)%
(15.1)%
5.5%
19.4%
Strategic Client Revenue
86.8%
87.4%
85.5%
1.1%
6.0%
Revenue per Devp. Employee USD
60,083
60,901
56,558
R&D Expenditure (USD MN)
EBITDA Margin
EBIT Margin
PAT Margin
Effective Tax Rate
EPS (Basic)
EPS (Diluted)
3.32
21.1%
16.4%
10.6%
24.3%
6.22
6.18
2.98
21.0%
17.0%
11.2%
26.5%
6.32
6.28
2.70
20.8%
17.0%
13.8%
27.6%
7.51
7.45
11/10/2025
24
Currency wise revenues, Hedging Details
O/s Hedge Details
Q2FY26
Currency wise revenue USD
EUR
GBP
JPY
INR
Others
Q2FY26
Q1FY26
Q2FY25
28.4%
29.6%
27.8%
39.5%
37.6%
41.8%
8.2%
6.1%
6.2%
Hedge Rates
USD/INR
EUR/INR
GBP/INR
JPY/INR
18.7%
21.3%
18.7%
Hedge Amounts(Mn)
2.8%
2.4%
3.2%
2.2%
3.6%
1.9%
USD/INR
EUR/INR
GBP/INR
JPY/INR
88.16
99.05
113.88
0.61
53.90
67.50
12.20
8,500
11/10/2025
25
Headcount Data
Period End Headcount
Q2FY26
Q1FY26
Q2FY25
Q-o-Q
Y-o-Y
Development
Enabling & Sales
Total
12,042
837
12,879
11,676
869
12,545
12,248
839
13,087
-
-
-
-
-
-
11/10/2025
26
Contact Us
Reimagining Mobility withYOU
Conference Call Details
Conference name : KPIT Technologies Q2 FY2026 Post Earnings Conference Call Date Time Participants
: Monday November 10, 2025 : 1730 Hrs. : Mr. Kishor Patil, Co-founder, CEO & MD Mr. Sachin Tikekar, President, Joint MD Mr. Anup Sable, CTO Mrs. Priya Hardikar, CFO Mr. Chinmay Pandit, Whole-time Director & Head Americas Mr. Sunil Phansalkar, VP CF&G , Head-IR
Dial-in Numbers for all participants
Click here for your Diamond Pass
: +91 22 6280 1116 Primary number : +91 22 7115 8017 Local Access International Numbers : USA - 1 866 746 2133 | UK - 0 808 101 1573
Singapore - 800 101 2045 Hongkong - 800 964 448
About KPIT Technologies KPIT (BSE: 542651; NSE: KPITTECH), KPIT is reimagining the future of mobility, forging ahead with group companies and partners to shape a world that is cleaner, smarter, and safer. With over 25 years of specialized expertise in Mobility, KPIT is accelerating the transformation towards Software and AI- Defined Vehicles through its advanced solutions, platforms, and products—propelled by mobility-infused AI frameworks, software craftsmanship, and systems integration mastery. Vision in Motion : Fueled by 2000+ vehicle production programs and powering 20+ million vehicles on the road with KPIT software, our experience is unmatched. At the same time, we push boundaries, developing solutions that enable Mobility OEMs to innovate at speed and scale.
For more information, visit http://www.kpit.com
11/10/2025
28
Media Interactions
Tune into the TV channels below to listen to the KPIT Management Team speak more on KPIT Q2FY26 on 11th Nov , Tuesday, 2025
Channel
CNBC TV 18
ET Now
NDTV Profit
CNBC Awaaz
ET Now Swadesh
BTTV (Business Today TV)
Time
9:40 AM
9:40 AM
9:40 AM
10:15 AM
10:35 AM
11:00 AM
All timings in India Standard Time
11/10/2025
29
Contact
For Investor Queries
Email Sunil.Phansalkar@kpit.com
Desk Phone + 91 20 6770 6997
Cell + 91 98509 66011
Website www.kpit.com
Sunil Phansalkar
30
Contact
For Media Queries
Email Sunil.R@kpit.com
Desk Phone + 91 80 6606 6000 (7865)
Cell + 91 99001 50180
Website www.kpit.com
Sunil B R
31
THANK YOU !!
KPIT Technologies Ltd.