Investor Update - Q2 FY 2026-27 Results

October 28, 2026 BSE Limited National Stock Exchange of India Ltd., Phiroze Jeejeebhoy Towers, Exchange Plaza, C/1, G Block, Dalal Street, Bandra - Kurla Complex, Bandra (E), Mumbai - 400001. Mumbai – 400051. Scrip ID: KPITTECH Symbol: KPITTECH Scrip Code: 542651 Series: EQ Kind Attn: The Manager, Kind Attn: The Manager, Department of Corporate Services Listing Department Dear Sir / Madam, Subject:- Investor Update – Q2 FY 2026-27 Results. Please find enclosed the Investor Update – Q2 FY2026-27 Results. 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 O +91 20 6770 6000 Registered & Corporate Office: Plot No. 17, Rajiv Gandhi Infotech Park, MIDC-SEZ, E info@kpit.com Phase-III, Maan, Taluka-Mulshi, Hinjawadi, Pune-411057, India. W kpit.com CIN: L74999PN2018PLC174192 Q2 FY2026-27 Results Investor Update October 28, 2026 PAGE 1 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. PAGE 2 Financial Performance Overview PAGE 3 Performance Overview QoQ $ Revenues flattish Revenue QoQ ₹ Revenue growth of 1.0% YoY $ Revenue decline of 2.2% Q2FY27 ₹ YoY Q2FY27 EBITDA at 17.8%, QoQ expansion of 60 bps Growth of 6.5% Profits Q2FY27 QoQ EBITDA growth of 4.5% Q2FY27 QoQ PAT growth of 2.9% Q2FY27 YoY CC Growth of 0.2% Net cash at ₹ 6.2 Bn as at quarter end Cash and DSO Q2FY27 QoQ CC Q2FY27 DSO stood at 53 days Growth of 0.5% Decent Improvement in total Pipeline Wins & Pipeline Healthy growth in Products & Solutions pipeline Engagements with TCV of $ 213 million closed PAGE 4 Performance Highlights Revenue Margins Profitability Cash Q2FY27 PAT at ₹ 1.21B Q2FY27 Revenue Expansion in EBITDA Net Cash at ₹ 6.2B vs ₹ 1.17B in Q1 Stood at $ 176.8M margin by 60 bps, as against ₹ 9.0B last largely driven by Q2FY27 results include quarter Solid growth in T&OH, operations efficiency forex loss of ₹ 171M (Q1 US & India, Connected and revenue mix - ₹ 163M). This is Dividend outflow & Aftersales expected to go down and Investment in We are on track for Healthy traction and from Q3 Cymotive major margin expansion in growth in products the near term aided Share of loss from outflows during the and solutions by revenue mix, Qorix at ₹ 156M (Q1 - ₹ quarter This growth made up growth and AI-led 140M)- due to revenue for decline in 2 productivity gains delay. Loss expected to DSO stood at 53 largest accounts. reduce from Q3 days T&OH –Trucks and Off-Highway PAGE 5 Growth is broadening across client relationships Growth in other existing and new accounts is offsetting pressure in certain client programs. Deeper OEM relationships Cross-practice engagements expand wallet share Broader growth base New client relationships New accounts broaden the strategic client base Less reliance on individual programs Mobility and offering expansion Trucks & Off-Highway, vehicle engineering, aftersales Top 2 accounts decline was ~ 13% on a YoY basis. This decline was covered by growth across off-highway, trucks and passenger vehicle clients PAGE 6 Management Quotes 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 PAGE 7 aligned organization, we are building a stronger foundation for sustainable growth.” Cash Flow – Major Movement NET CASH (₹ M) Q2FY27 Q1FY27 Change in Working Capital – (1,686) Gross Cash 10,401 13,141 Acquisition Debt 4,196 4,124 NET CASH 6,205 9,017 Dividend – 1,431 Cymotive – 954 Capex - 831 Cash and Cash Equivalents break-up ₹ M DSO Q2FY27 end : 53 Days In Investment Accounts (in India) 723 In Investment Accounts (outside India) 3,622 In Operating Accounts 6,056 TOTAL 10,401 PAGE 8 New Engagements Strong Wins - TCV of new engagements won during Q2FY27 : $ 213 million Multiple engagements in Multiple engagements in Strategic engagements in autonomous, middleware vehicle engineering and the powertrain, connected and cybersecurity domains after sales domains with a and middleware domains for a leading European Car leading American CV with a leading American car Manufacturer. Manufacturer. OEM. Strategic engagements in A leading American CV OEM A Leading European Car the vehicle engineering, selected KPIT for multiple Manufacturer selected KPIT powertrain and connected engagements in the vehicle for strategic engagements domains with a leading engineering and middleware in the electric powertrain Asian Car Manufacturer. domains. and diagnostics areas. PAGE 9 FY27 & Beyond Industry Headwinds KPIT Response Passenger Car OEMs across 1. New Passenger Car OEMs Germany, Fran [Showing first 8,000 characters — download PDF for full document]