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Q2 FY2026-27 Results Investor Update October 28, 2026 PAGE 1
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PAGE 2 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. Forward Looking Statements
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PAGE 3 Financial Performance Overview
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PAGE 4 QoQ $ Revenues flattish QoQ ₹ Revenue growth of 1.0% YoY $ Revenue decline of 2.2% Revenue Q2FY27 EBITDA at 17.8%, QoQ expansion of 60 bps Q2FY27 QoQ EBITDA growth of 4.5% Q2FY27 QoQ PAT growth of 2.9% Profits Net cash at ₹ 6.2 Bn as at quarter end Q2FY27 DSO stood at 53 days Cash and DSO Decent Improvement in total Pipeline Healthy growth in Products & Solutions pipeline Engagements with TCV of $ 213 million closed Wins & Pipeline Performance Overview Q2FY27 ₹ YoY Growth of 6.5% Q2FY27 YoY CC Growth of 0.2% Q2FY27 QoQ CC Growth of 0.5%
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PAGE 5 Margins Expansion in EBITDA margin by 60 bps, largely driven by operations efficiency and revenue mix We are on track for margin expansion in the near term aided by revenue mix, growth and AI-led productivity gains Profitability Q2FY27 PAT at ₹ 1.21B vs ₹ 1.17B in Q1 Q2FY27 results include forex loss of ₹ 171M (Q1 -₹ 163M). This is expected to go down from Q3 Share of loss from Qorix at ₹ 156M (Q1 -₹ 140M)- due to revenue delay. Loss expected to reduce from Q3 Cash Net Cash at ₹ 6.2B as against ₹ 9.0B last quarter Dividend outflow and Investment in Cymotive major outflows during the quarter DSO stood at 53 days Q2FY27 Revenue Stood at $ 176.8M Solid growth in T&OH, US & India, Connected & Aftersales Healthy traction and growth in products and solutions This growth made up for decline in 2 largest accounts. Revenue Performance Highlights T&OH – Trucks and Off-Highway
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PAGE 6 Growth in other existing and new accounts is offsetting pressure in certain client programs. Deeper OEM relationships Cross-practice engagements expand wallet share New client relationships New accounts broaden the strategic client base Mobility and offering expansion Trucks & Off-Highway, vehicle engineering, aftersales Broader growth base Less reliance on individual programs Top 2 accounts decline was ~ 13% on a YoY basis. This decline was covered by growth across off-highway, trucks and passenger vehicle clients Growth is broadening across client relationships
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PAGE 7 Kishor Patil, Co-founder, CEO and MD, KPIT said, “The mobility industry continues to navigate major shifts in technology priorities, investment cycles and business models. While some OEMs are recalibrating programs in response to near-term pressures, the structural need for software- led innovation, greater efficiency and faster time-to-market remains strong. Our Q2 FY27 performance is in line with expectations and reflects the early impact of our renewed strategy. We are seeing broadening opportunities across Passenger Vehicles, Off-Highway and Trucks segments. Our offerings in Connected Vehicles and Aftersales are gaining traction, while Beacon, KPIT’s Mobility Intelligence product, is strengthening our strategic relevance with clients. Our AI- led approach is helping clients address evolving priorities via differentiated solutions, improved productivity and measurable business outcomes. We believe these shifts create significant opportunities for KPIT. Our expanding capabilities, broadening market presence and AI-powered offerings position us well for sustainable medium-term growth and margin expansion.” Sachin Tikekar, Co-founder and Joint MD, KPIT said, “Our priority has been to build a more diversified and resilient growth engine, and we are seeing tangible results. Despite a sharp reduction in business from two of our largest clients, growth across several other existing and new clients has enabled us to largely offset the impact and maintain a broadly stable revenue base. We expect the decline in these two accounts to bottom out over the next couple of quarters. Operationally, our focus is on scaling emerging accounts, converting opportunities into executable programs, and improving the quality and predictability of delivery. We have seen a marked improvement in our pipeline, supported by growing traction in US and India. The Caresoft integration is strengthening our capabilities in Vehicle Engineering and Manufacturing Consulting, creating new opportunities. We are also accelerating the adoption of AI across engineering, delivery and internal operations to enhance productivity, speed and competitiveness. With sharper execution, greater account diversification and an increasingly aligned organization, we are building a stronger foundation for sustainable growth.” Management Quotes
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PAGE 8 ₹ M NET CASH (₹ M) Q2FY27 Q1FY27 Gross Cash 10,401 13,141 Acquisition Debt 4,196 4,124 NET CASH 6,205 9,017 Cash and Cash Equivalents break-up ₹ M In Investment Accounts (in India) 723 In Investment Accounts (outside India) 3,622 In Operating Accounts 6,056 TOTAL 10,401 DSO Q2FY27 end : 53 Days Cash Flow – Major Movement Dividend – 1,431 Cymotive – 954 Capex - 831 Change in Working Capital – (1,686)
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PAGE 9 Strong Wins - TCV of new engagements won during Q2FY27 : $ 213 million A leading American CV OEM selected KPIT for multiple engagements in the vehicle engineering and middleware domains. A Leading European Car Manufacturer selected KPIT for strategic engagements in the electric powertrain and diagnostics areas. Multiple engagements in autonomous, middleware and cybersecurity domains for a leading European Car Manufacturer. Multiple engagements in vehicle engineering and after sales domains with a leading American CV Manufacturer. Strategic engagements in the powertrain, connected and middleware domains with a leading American car OEM. New Engagements Strategic engagements in the vehicle engineering, powertrain and connected domains with a leading Asian Car Manufacturer.
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PAGE 10 FY27 & Beyond Passenger Car OEMs across Germany, France, UK and Japan have announced some strict measures to control costs to tackle the current business pressures faced by them. Some of these include : • Job cuts • Profit warnings • Pay cuts and more work hours • Ongoing restructuring • Big write-offs • Mounting business pressures Auto Players impacted due to Chinese competition, US Tariffs and falling profitability Industry Headwinds 1. New Passenger Car OEMs • Japan, Korea, Europe • KPIT's full end to end expertise to accelerate their journey. 2. Off-highway and Trucks • New logos across US, Europe and Asia • SDM model tailwinds provide large opportunities 3. Adjacencies • Micro Mobility – 2W, 3W, LEV • Deep Tech - Exploring newer opportunities 4. Products and Solutions • N-Dream | i-Dart | Technica – all powered by Beacon • Enabling newer business models 5. Wallet Share Expansion across all practices • Large cross practice offerings. Every practice, every client. KPIT Response
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PAGE 11 Sustainability Infusing sustainability in all aspects of our business This program helps actualize our vision of "Reimagining mobility for the creation of a cleaner, smarter, and safer world". KPIT has committed to SBTi (Science Based Targets Initiative). Target to achieve Net Zero carbon footprint by 2050. Coordinated action across domains, talent, technology and partnerships. E N V I R O N M E N T Committed to reducing carbon footprint through energy efficiency and increased renewable energy sourcing, targeting a ≥40% reduction in net emissions by 2030 from a 2025 baseline. Enhanced engagement with value-chain partners to strengthen sustainable procurement. S O C I A L G O V E R N A N C E 72% KPITians actively contributed to sustainability efforts, driving 13,500+ sustainability actions across the organization. Our CSR programs impacted over 11 lakh beneficiaries. Sustainability Council has been set up to provide strategic oversight and strong internal governance on ESG goals. Latest CDP rating has improved to B- for water security and B for climate change.
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PAGE 12 Other Updates
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TOP STORIES KPIT Board Member Prof. Alberto Sangiovanni- Vincentelli Receives UC Regents’ Lifetime Innovation Award KPIT congratulates Prof. Alberto Sangiovanni- Vincentelli, Member of the Board of Directors, KPIT, on receiving the University of California Regents’ Lifetime Distinguished Innovation Achievement Award. The honour celebrates his longstanding contribution to technology, research and innovation, and his influence on generations of engineers and technology leaders Financial Express: KPIT Leadership on Building Resilience and Agility In a Financial Express feature, Kishor Patil, CEO & MD; Sachin Tikekar, President & Joint MD; Chinmay Pandit, Board Member & President – Americas; and Nirmala Pandit, Additional Non-Independent Non-Executive Director, shared perspectives on KPIT’s response to industry disruptions. The discussion covered leadership continuity, AI-enabled systems and growth opportunities across new regions and mobility segments.
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”The real bottleneck is not software – it is validation”. Anup Sable highlights that validation and integration, not software development, are the biggest bottlenecks in Software-Defined Vehicles (SDVs), as AI accelerates code generation faster than testing can keep pace. He emphasizes automated regression testing, AI-driven defect analysis, and early platform validation as critical to enabling faster, safer, and scalable SDV development. TOP STORIES Automobil Elektronik interaction with Anup Sable, COO & Board Member KPIT KPIT’s perspective on Navigating Industry Challenges and Growth in Fortune India Speaking to Fortune India, Kishor Patil addressed the slowdown affecting European automotive clients and KPIT’s approach to navigating the changing market. He highlighted opportunities in the US, India and Southeast Asia, alongside investments in AI, mobility solutions and commercial and off-highway segments.
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KPIT’s Perspective to NASSCOM DES 2026 At the NASSCOM Design & Engineering Summit 2026, Kishor Patil joined Dr. Janmejaya Sinha of Boston Consulting Group for a fireside conversation on India’s technology priorities. Gaurav Kakati delivered a keynote on AI’s impact on automotive engineering, highlighting domain knowledge, engineering context, governance and traceability. KPIT also participated through a technology showcase. KPIT at CAR MBS 2026: Unlocking Value Through Collaboration At CAR MBS 2026, Chinmay Pandit represented KPIT on the executive panel “The Allied Response: Unlocking Value Across the Mobility Ecosystem.” The session explored how collaboration across OEMs, suppliers and technology partners can unlock value as the automotive industry becomes increasingly software-led and interconnected. TAKING MOBILITY INTELLIGENCE TO THE WORLD
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KPIT Brings AI and Engineering Expertise to COMVEC 2026 As Executive Host of COMVEC 2026, KPIT brought its commercial and off-highway mobility expertise to keynotes, panels and technology demonstrations. From SDV to AI-Defined Mobility: KPIT at AEK 2026 At the 30th edition of AEK, KPIT engaged with the automotive ecosystem on the transition towards AI-defined, data-driven mobility. Discussions covered in-vehicle AI, centralized computing, scalable E/E architectures and chiplet-based platforms. TAKING MOBILITY INTELLIGENCE TO THE WORLD
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ADAS Validation for Indian Roads at ETAuto Tech Summit At the ETAuto Tech Summit, Mohit Kochar, CMO and Head of Global Alliances, KPIT, highlighted the importance of validating ADAS for India’s complex, real-world driving conditions. KPIT also showcased its mobility solutions alongside products from group company Technica Engineering, bringing engineering expertise and technology capabilities to the summit. HANSER automotive: Reimagining Automotive Engineering with AI In a feature for HANSER automotive, Kishor Patil explored how AI is reshaping vehicle design, development, validation and delivery. He explained how Mobility Intelligence can connect data, engineering tools and domain expertise to improve productivity, quality and collaboration. TAKING MOBILITY INTELLIGENCE TO THE WORLD
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KPIT and Vietsol Strengthen Southeast Asia’s Mobility Engineering Ecosystem KPIT and Vietsol signed an MoU to collaborate on mobility software and engineering services across Vietnam, Malaysia, Thailand, Indonesia and the Philippines. The partnership will accelerate product development and support OEM engineering programs across the region. IIT Ropar and KPIT Join Hands to Advance Defense R&D IIT Ropar and KPIT Technologies signed an MoU to collaborate on defence research, development and indigenization. The agreement brings together academic research and engineering expertise to support indigenous defence technologies. BUILDING PARTNERSHIPS ACROSS THE ECOSYSTEM
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Technica Engineering Showcases SDV Validation at ATE Europe 2026 Technica Engineering participated at Automotive Testing Expo Europe 2026 in Stuttgart, showcasing its capabilities in testing and validating Software-Defined Vehicle architectures. The showcase focused on technologies supporting automotive communication, system validation and increasingly complex E/E development. POWER OF KPIT GROUP COMPANIES
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Qorix India Wins Two People Excellence Awards Qorix India received two honours at the 19th CHRO Confex & Awards for Best Practices in Diversity & Inclusion and Best People Management. Qorix Expands its India Network with Supremology Qorix expanded its India network through a reseller partnership with Bengaluru-based Supremology Software Services. The collaboration brings Qorix’s SDV middleware portfolio closer to OEMs, Tier-1 suppliers and technology companies. POWER OF KPIT GROUP COMPANIES
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dSPACE India Joins the KPIT APEX Lab at COEP Pune KPIT Technologies, COEP Technological University and dSPACE India signed an MoU at the KPIT APEX Lab event, with dSPACE India joining the cluster as an Industry Partner. The collaboration will support research, advanced training, student and faculty engagement, and hands-on learning to help develop future mobility engineering talent. KPIT and ENET’Com Partner to Nurture Engineering Talent BUILDING THE BEST PLACE TO GROW German Students from Stiftung Bayerische EliteAkademie Visit KPIT India
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KPIT’s Junior Scientist Program began its new edition in Michigan CREATING A SUSTAINABLE FUTURE Team KPIT at Audi Triathlon Ingolstadt KPIT Launches Tree Census and Kitchen Garden Initiatives KPIT and Caritas Iași Organise Laptop Donation Drive in Romania
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PAGE 23 Financial & Operational Data Snapshot
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PAGE 24 DETAILS Q2FY27 Q1FY27 Q2FY26 Revenue from Operations 16,909.66 16,749.94 15,877.11 Other Income 81.32 77.76 233.88 Total Income 16,990.98 16,827.70 16,110.99 Operating Expenses 14,074.20 14,034.99 12,670.52 EBITDA 3,006.20 2,877.72 3,350.95 Depreciation 859.13 825.37 747.06 EBIT 2,147.07 2,052.35 2,603.89 Finance Costs 214.46 229.51 162.51 Change in FMV of Investments Gain/(Loss) (7.15) 5.62 1.91 Profit Before Share of loss from equity accounted investee 1,836.04 1,743.45 2,532.81 Profit/(loss) from equity accounted investee (155.67) (140.47) (227.16) PBT 1,680.37 1,602.98 2,305.65 Tax 473.80 438.86 614.78 Profit After Tax 1,206.57 1,164.12 1,690.87 Profit Attributable to owners of Company 1,206.13 1,171.78 1,690.87 Profit Attributable to non-controlling interest 0.44 (7.66) - INR MN This includes Forex Loss of ₹ 170.74 million which is not included in EBITDA Profit & Loss Account Snapshot
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PAGE 25 INR MNASSETS Q2FY27 Q1FY27 NON-CURRENT ASSETS Property,Plant & Equipment 2,423.11 2,451.81 Right-of-use Assets 3,451.16 3,656.77 OtherTangible Assets 33.41 68.55 Goodwill & Other Intangibles 34,096.87 33,532.13 Other Non-CurrentAssets 4,268.02 3,293.37 TOTAL NON-CURRENT 44,272.57 43,002.63 CURRENTASSETS Inventories 949.23 930.33 Cash and Bank 10,401.36 13,140.79 TradeReceivables 9,985.06 9,524.69 OtherCurrentAssets 4,971.51 5,433.16 TOTALCURRENT 26,307.16 29,028.97 TOTALASSETS 70,579.73 72,031.60 EQUITY & LIABILITIES Q2FY27 Q1FY27 EquityShare Capital 2,725.54 2,724.39 OtherEquity 34,144.55 34,066.51 Equity attributableto owners 36,870.09 36,790.90 Non-controlling interests 70.13 71.85 TOTALEQUITY 36,940.22 36,862.75 NON-CURRENT LIABILITIES Borrowings 966.04 950.03 Lease Liabilities 2,347.42 2,641.99 Other Non-CurrentLiabilities 5,413.31 4,823.30 TOTAL NON-CURRENT 8,726.77 8,415.32 CURRENTLIABILITIES Borrowings 3,230.07 3,174.24 Trade Payables 3,121.55 3,496.47 Lease Liabilities 1,101.00 1,013.58 Others 17,460.12 19,069.24 TOTAL CURRENT 24,912.74 26,753.53 TOTALEQUITY AND LIABILITIES 70,579.73 72,031.60 Balance Sheet Snapshot
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PAGE 26 USD MN #FeatureDevelopment& Integration- Electrification,AD-ADAS,BodyElectronicsandVEDM Architecture& MiddlewareConsulting– Middleware,AUTOSAR CloudBasedConnectedServices– IntelligentCockpit,Digital Connected SolutionsandDiagnostics * Thebalancerevenuescomefromothers,whichis nota bigareaas ofnow Business Units# Q2FY27 Q1FY27 Q2FY26 Q-o-Q Y-o-Y Feature Development & Integration 96.80 102.98 109.93 (6.0)% (11.9)% Architecture& Middleware Consulting 32.51 32.08 31.22 1.3% 4.1% Cloud Based Connected Services 47.50 41.71 39.73 13.9% 19.6% Geography Q2FY27 Q1FY27 Q2FY26 Q-o-Q Y-o-Y US 62.40 53.93 49.57 15.7% 25.9% Europe 74.47 87.83 89.02 (15.2)% (16.3)% JKC 31.01 28.00 35.96 10.7% (13.8)% SIMA 8.93 7.00 6.32 27.6% 41.3% Verticals* Q2FY27 Q1FY27 Q2FY26 Q-o-Q Y-o-Y PassengerCars 132.36 138.07 143.57 (4.1)% (7.8)% CommercialVehicles 39.98 33.99 31.40 17.6% 27.3% Revenue Break-up JKC –Japan, Korea, China SIMA –South-East Asia, India, Middle East, Africa
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PAGE 27 Q2FY27 Q1FY27 Q2FY26 Q-o-Q Y-o-Y Revenueby Contract Type Time & MaterialBasis 29.4% 32.3% 35.2% (9.0)% (18.4)% Fixed Price Basis 70.6% 67.7% 64.8% 4.3% 6.5% Clients Strategic ClientRevenue 86.7% 87.3% 86.8% (0.7)% (2.4)% Revenue per Devp. Employee USD 61,366 61,716 60,083 R&D Expenditure (USD MN) 5.39* 4.37 3.32 EBITDA Margin 17.8% 17.2% 21.1% EBIT Margin 12.7% 12.3% 16.4% PAT Margin 7.1% 7.0% 10.6% EffectiveTax Rate 25.8% 25.2% 24.3% EPS (Basic) 4.43 4.30 6.22 EPS (Diluted) 4.40 4.28 6.18 P&L Metrics * In line with company strategy to focus on products business, company has been making investments in AI and Software products. During the quarter, expenses for development of AI and software products of INR 118 million are recognized as Intangible Assets under Development.
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PAGE 28 O/s Hedge Details Q2FY27 Hedge Rates USD/INR 96.41 EUR/INR 112.58 GBP/INR 128.97 JPY/INR 0.62 Hedge Amounts(Mn) USD 59.00 EUR 41.05 GBP 16.85 JPY 6,025.00 Currency wise revenue Q2FY27 Q1FY27 Q2FY26 USD 35.5% 31.5% 28.4% EUR 32.0% 37.9% 39.5% GBP 8.5% 9.5% 8.2% JPY 14.9% 14.4% 18.7% INR 4.4% 3.4% 2.8% Others 4.7% 3.3% 2.4% Currency wise revenues, Hedging Details
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PAGE 29 Period End Headcount Q2FY27 Q1FY27 Q2FY26 Q-o-Q Y-o-Y Development 11,525 11,457 12,042 - - Enabling & Sales 822 846 837 - - Total 12,347 12,303 12,879 - - Headcount Data
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PAGE 30 Contact Us
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PAGE 31 The link and dial-in details for the Conference Call : Date Time Participants Conferencename: KPIT Post Earnings Conference Call : WednesdayOct 28, 2026 : 1730 Hrs. : Mr. Kishor Patil, Co-founder, CEO & MD Interational 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 Primary number : +91 22 6280 1116 Local Access : +91 22 7115 8017 About KPIT Technologies KPIT (BSE: 542651; NSE: KPITTECH), KPIT is a global technology company with software solutions that will help mobility leapfrog towards autonomous, clean, smart and connected future. With 12,000+ Automobelievers across the globe, specializing in embedded software, AI & Digital solutions, KPIT enables clients accelerate implementation of next generation mobility technologies. With development centers in Europe, USA, Japan, China, Thailand, Tunisia, Vietnam and India – KPIT works with leaders in mobility and is present where the ecosystem is transforming. For more information, visit http://www.kpit.com Mr. Sachin Tikekar, President, Joint MD Mr. Anup Sable, Board Member & COO Mrs. Priyamvada Hardikar, CFO Mr. Chinmay Pandit, Board Member & Head Americas Mr. Sunil Phansalkar, VP CF&G , Head-IR Conference Call Details
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PAGE 32 Media Interactions Channel Time ET Now 9:50 AM NDTV Profit 9:50 AM CNBC Awaaz 10:15 AM BTTV (Business Today TV) 11:00 AM Tune into the TV channels below to listen to the KPIT Management Team speak on KPIT Q2FY27 Results on 29th Oct ,Thursday, 2026 All timings in India Standard Time
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PAGE 33 For Investor Queries Email Sunil.Phansalkar@kpit.com Desk Phone + 91 20 6770 6997 Cell + 91 98509 66011 Website www.kpit.com Sunil Phansalkar Contact
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PAGE 34 Email Sunil.R@kpit.com Desk Phone + 91 80 6606 6000 (7865) Cell + 91 99001 50180 Website www.kpit.com Sunil B R Contact For Investor Queries
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Thank You PAGE 35