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KPIT Technologies Ltd. Investor Update Q2 FY26 November 10, 2025
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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. 211/10/2025
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Performance Overview Q2FY26 Reimagining Mobility with YOU
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Performance Overview 1 Q2FY26 closing net cash at ₹ 10,364 million Q2FY26 DSO stood at 49 days Cash and DSO3 $ 232M worth engagements closed in the quarter Pipeline continues to be robust Wins and Pipeline4 M Q2FY26 reported $ QoQ growth of 1.8% Growth in connected, autonomous, CVs and Europe Revenue1 Q2FY26 ₹ YoY Growth of 7.9%, $ YoY growth of 4.4% Q2FY26 EBITDA margin expands to 21.1% Profits2 Q2FY26 EBITDA YoY growth 9.4%, QoQ growth 3.5% Q2FY26 EBIT at 16.4% 411/10/2025
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Performance Highlights 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 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 Q2FY26 EBITDA margins 21.1% Margins aided by operational efficiency and INR depreciation 5 Net Profit (₹ million) Q2FY26 Q2FY25 Q1FY26 Growth (YoY) Growth (QoQ) Reported Profit 1,691 2,037 1,719 -17.0% -1.6% One-time Income 152 450 - - - Tax on above item - 157 - - - Gain/ (Loss) from associate & JV (227) (43) (51) Sustainable Operational Profit 1,766 1,787 1,770 -1.2% -0.2% 11/10/2025*Excluding Caresoft Italy entity, which shall be done in Q3FY26 • N-Dream revenues are not consolidated in Q2FY26
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Additional facts - timeseries 0.7 0.7 0.8 0.9 1.0 1.0 1.2 1.2 1.3 1.4 1.7 1.9 2.2 2.4 2.6 2.7 2.9 3.1 3.1 3.2 3.2 3.4 EBITDA ₹ Billion 65 65 70 74 77 80 84 87 90 94 110 124 134 145 149 159 165 173 176 177 178 181 Revenue $ Million 21 Consecutive Quarters of Steady Revenue Growth 21 Consecutive Quarters of Steady EBITDA Growth Consistent Performance 611/10/2025
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7 Management Quotes 11/10/2025 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 and the stake increase in NDream coupled with the investment in helm.ai in Q3, are 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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₹ M Increase in Working Capital – 8,058 Capex – 548 Caresoft payout – 4,723 Helm payout – 880 Dividend payout – 1,632 Cash Flow– Major Movement NET CASH (₹ M) Q2FY26 Q1FY26 Gross Cash 11,834 16,233 Long Term Debt NIL NIL Short Term Debt 1,470* 12 NET CASH 10,364 16,220 Cash and Cash Equivalents break-up ₹ M In Investment Accounts (in India) 2,403 In Investment Accounts (outside India) 1,750 In Operating Accounts 7,681 TOTAL 11,834 DSO Q2FY26 end : 49 Days 8 * Short-Term Working Capital Loan. Plan to repay by end of the year. 11/10/2025
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Strategic Large Engagement KPIT to accelerate innovation and delivery in European OEM groups’ SDV transformation 911/10/2025 • 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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New Engagements Strong Wins - TCV of new engagements won during Q2FY26 : $ 232 million A leading European Car Manufacturer selected KPIT for multiple engagements in the electric powertrain, connected and autonomous domains 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. 1011/10/2025 The TCV of new engagements won in Q2FY26 includes some wins from the Strategic Engagement
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FY26 and beyond 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 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 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. Focus on productivity improvement with AI, Revenue movement towards fixed price and solution led business, Average cost reduction by pyramid optimization Healthy Deal Wins and Strong Pipeline Robust medium term growth opportunities 1111/10/2025 Pipeline and Deal Wins AI Expanding horizons Profitability
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Other Updates Q2FY26 Reimagining Mobility with YOU Sir, attachments ?
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KPIT Shares Insights on AI's Impact at Gerpisa Colloquium 2025, Shanghai 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. Keynote at the Nasscom Design and Engineering Summit 2025 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.
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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.
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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 KPIT Treasury Function leadership declared a winner and unanimously selected as a part of the CFONEXT100 2025 Roll of Honor
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KPIT Partners with COEP to Launch Advanced Embedded Systems Lab 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. Supporting Young Engineers at TUfast e.V. Racing Event 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.
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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
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KPIT’s flagship CSR initiative, Chhote Scientists Featured on CSR Universe KPIT’s flagship CSR initiative, Chhote Scientists, 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. Summer Interns in Michigan Contribute to Local Education through Operation Backpack 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.
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Volunteers and Partners Unite to Prevent Homelessness in Columbus Historic Inspiration Meets Sustainability in Tunisia Team Outing to El Jem Colosseum
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Financial & Operational Data Snapshot Reimagining Mobility with YOU
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DETAILS Q2FY26 Q1FY26 Q2FY25 Revenue from Operations 15,877.11 15,387.61 14,714.13 Other Income 233.88 154.88 514.77 Total Income 16,110.99 15,542.49 15,228.89 Operating Expenses 12,670.52 12,388.85 11,696.59 EBITDA 3,350.95 3,239.06 3,064.11 Depreciation 747.06 628.81 560.83 EBIT 2,603.89 2,610.25 2,503.28 Finance Costs 162.51 120.28 101.63 Change in FMV of Investments 1.91 4.72 4.22 Profit Before Exceptional Items 2,532.81 2,409.27 2,874.07 Profit/(loss) from equity accounted investee (227.16) (51.17) (42.94) PBT 2,305.65 2,358.10 2,831.13 Tax 614.78 639.11 793.68 PAT 1,690.87 1,718.99 2,037.45 Profit Attributable to owners of Company 1,690.87 1,718.99 2,037.45 Profit Attributableto non-controlling interest - - - Profit & Loss AccountSnapshot INR MN 2111/10/2025 This includes Forex Loss of ₹ 144.36 million which is not included in EBITDA
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BalanceSheetSnapshot INR MN 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 OtherTangible Assets 3.39 45.19 Goodwill & Other Intangibles 29,463.09 14,885.19 Other Non-CurrentAssets 4,891.31 3,960.65 TOTAL NON-CURRENT 40,812.01 25,376.59 CURRENT ASSETS Inventories 868.05 804.02 Cash and Bank 11,834.43 16,232.73 Trade Receivables 8,859.50 7,233.24 OtherCurrent Assets 4,763.88 3,591.34 TOTALCURRENT 26,325.86 27,861.33 TOTALASSETS 67,137.87 53,237.92 EQUITY & LIABILITIES Q2FY26 Q1FY26 EquityShare Capital 2,720.61 2,719.25 OtherEquity 29,912.06 29,037.85 Equity attributableto owners 32,632.67 31,757.10 Non-controlling interests - - TOTALEQUITY 32,632.67 31,757.10 NON-CURRENT LIABILITIES Borrowings NIL NIL Lease Liabilities 2,872.52 2,986.57 Other Non-CurrentLiabilities 3,514.66 1,337.41 TOTAL NON-CURRENT 6,387.18 4,323.98 CURRENTLIABILITIES Borrowings 1,470.43 12.49 Trade Payables 2,874.20 2,027.86 Lease Liabilities 948.57 881.12 Others 22,824.82 14,235.37 TOTAL CURRENT 28,118.02 17,156.84 TOTALEQUITY AND LIABILITIES 67,137.87 53,237.92 Balance Sheet Snapshot 2211/10/2025
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Revenue Break-up USD MN #FeatureDevelopment& Integration- Electrification,AD-ADAS,BodyElectronicsandVEDM Architecture& MiddlewareConsulting– Middleware,AUTOSAR CloudBasedConnectedServices– IntelligentCockpit,Digital Connected SolutionsandDiagnostics * Thebalancerevenuescomefromothers,whichis nota bigareaas ofnow Verticals* Q2FY26 Q1FY26 Q2FY25 Q-o-Q Y-o-Y PassengerCars 143.57 145.42 139.08 (1.3)% 3.2% CommercialVehicles and Off-highway 31.40 26.32 28.65 19.3% 9.6% Business Units# Q2FY26 Q1FY26 Q2FY25 Q-o-Q Y-o-Y Feature Development & Integration 109.93 105.79 103.35 3.9% 6.4% Architecture& Middleware Consulting 31.22 35.85 40.60 (12.9)% (23.1)% Cloud Based Connected Services 39.73 36.13 29.23 10.0% 35.9% Geography Q2FY26 Q1FY26 Q2FY25 Q-o-Q Y-o-Y US 49.57 51.87 47.59 (4.4)% 4.2% Europe 89.02 78.83 84.46 12.9% 5.4% Asia 42.28 47.07 41.13 (10.2)% 2.8% 2311/10/2025
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Q2FY26 Q1FY26 Q2FY25 Q-o-Q Y-o-Y Revenueby Contract Type Time & MaterialBasis 35.2% 37.5% 43.3% (4.5)% (15.1)% Fixed Price Basis 64.8% 62.5% 56.7% 5.5% 19.4% Clients Strategic ClientRevenue 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) 3.32 2.98 2.70 EBITDA Margin 21.1% 21.0% 20.8% EBIT Margin 16.4% 17.0% 17.0% PAT Margin 10.6% 11.2% 13.8% EffectiveTax Rate 24.3% 26.5% 27.6% EPS (Basic) 6.22 6.32 7.51 EPS (Diluted) 6.18 6.28 7.45 P&L Metrics 2411/10/2025
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Currency wise revenues, Hedging Details O/s Hedge Details Q2FY26 Hedge Rates USD/INR 88.16 EUR/INR 99.05 GBP/INR 113.88 JPY/INR 0.61 Hedge Amounts(Mn) USD/INR 53.90 EUR/INR 67.50 GBP/INR 12.20 JPY/INR 8,500 Currency wise revenue Q2FY26 Q1FY26 Q2FY25 USD 28.4% 29.6% 27.8% EUR 39.5% 37.6% 41.8% GBP 8.2% 6.1% 6.2% JPY 18.7% 21.3% 18.7% INR 2.8% 3.2% 3.6% Others 2.4% 2.2% 1.9% 2511/10/2025
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HeadcountData Period End Headcount Q2FY26 Q1FY26 Q2FY25 Q-o-Q Y-o-Y Development 12,042 11,676 12,248 - - Enabling & Sales 837 869 839 - - Total 12,879 12,545 13,087 - - 2611/10/2025
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Contact Us Reimagining Mobility with YOU
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Dial-in Numbers for all participants Primary number Conference Call Details Date Time Participants Conference name : KPIT Technologies Q2 FY2026 Post Earnings Conference Call : MondayNovember 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 Local Access : +91 22 6280 1116 : +91 22 7115 8017 International Numbers : USA - 1 866 746 2133 | UK - 0 808 101 1573 Singapore - 800 101 2045 Hongkong - 800 964 448 Click here for your Diamond Pass 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 powering20+ 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 toinnovate at speed and scale. For more information, visit http://www.kpit.com 2811/10/2025
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Media Interactions Channel Time CNBC TV 18 9:40 AM ET Now 9:40 AM NDTV Profit 9:40 AM CNBC Awaaz 10:15 AM ET Now Swadesh 10:35 AM BTTV (Business Today TV) 11:00 AM 2911/10/2025 Tune into the TV channels below to listen to the KPIT Management Team speak more on KPIT Q2FY26 on 11th Nov , Tuesday, 2025 All timings in India Standard Time
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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
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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
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KPIT Technologies Ltd. THANK YOU !!