Transcript of Post earnings conference call held on July 29, 2026

August 04, 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: - Transcript of the Post Earnings Conference call for the quarter ended June 30, 2026. In terms of Regulation 30 and 46, read with clause 15 of Para A of Part A of Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find enclosed the transcript of the Post Earnings Conference call for the quarter ended June 30, 2026, conducted on July 29, 2026. The transcript of Post Earnings Conference call is also made available on the website of the Company. The link to access the same is as below: https://www.kpit.com/investor-financials/ 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 “KPIT Technologies Limited Q1 FY27 Earnings Conference Call” July 29, 2026 MANAGEMENT: MR. KISHOR PATIL – CO-FOUNDER, CHIEF EXECUTIVE OFFICER AND MANAGING DIRECTOR – KPIT TECHNOLOGIES LIMITED MR. SACHIN TIKEKAR – CO-FOUNDER AND JOINT MANAGING DIRECTOR – KPIT TECHNOLOGIES LIMITED MS. PRIYAMVADA HARDIKAR – CHIEF FINANCIAL OFFICER – KPIT TECHNOLOGIES LIMITED MR. CHINMAY PANDIT – BOARD MEMBER AND HEAD, AMERICAS – KPIT TECHNOLOGIES LIMITED MR. SUNIL PHANSALKAR – VICE PRESIDENT OF CF&G, HEAD INVESTOR RELATIONS – KPIT TECHNOLOGIES LIMITED MODERATOR: MR. RAHUL JAIN – DOLAT CAPITAL MARKETS LIMITED Moderator: Ladies and gentlemen, good day, and welcome to KPIT Technologies Q1 FY27 Earnings Conference Call, hosted by Dolat Capital Markets Private Limited. As Page 1 of 19 KPIT Technologies Limited July 29, 2026 a reminder, all participant lines will be in the listen-only mode and there will be an opportunity for you to ask questions after the presentation concludes. Should you need assistance during this conference call, please signal an operator by pressing star, then zero on your touch-tone phone. Please note that this conference is being recorded. I now hand the conference over to Mr. Rahul Jain from Dolat Capital. Thank you, and over to you, sir. Rahul Jain: Thank you, Nithya. Good evening, everyone. On behalf of Dolat Capital, I would like to thank KPIT Technologies Limited for giving us the opportunity to host this earnings call. And now I would like to hand the conference over to Mr. Sunil Phansalkar, who is Vice President, CF&G and Head of IR at KPIT to do the management introductions. Over to you, Sunil. Sunil Phansalkar: Thank you, Rahul. Good evening, and a warm welcome to all on the Q1 FY27 earnings call of KPIT Technologies. On the call today, we have Mr. Kishor Patil, Co-Founder, CEO and MD; Mr. Sachin Tikekar, Co-Founder and Joint MD; Mr. Chinmay Pandit, Board Member and Head, Americas; Mrs. Priyamvada Hardikar, CFO; and yours truly from IR. As we always do, we'll have the opening remarks by Mr. Kishor Patil on the performance during the quarter and the outlook for the remainder of the year, and then we'll have this open for questions. So, once again, a very warm welcome to all. And now I will hand this over to Mr. Kishor Patil. Thank you. Kishor Patil: Good evening. I will take you through our results for quarter 1. Automotive industry has been for some time facing some challenges globally, especially on account of extreme competition from China. It was accentuated by certain geopolitical situations, whether it is tariff or others in different parts of the world. The last one, which was the war, which was probably the most unexpected by many companies, also had a significant impact in terms of their supply chain and the input costs. With all this, specifically for European players have been the most impacted, both because they had impact in China market as well as the Chinese competition getting into their own market, which is in Europe. And last but not the least, having a restricted U.S. market because of the tariff or the uncertainties because of that. And last, but input cost because of the war. With all that, I think the profitability had a significant impact apart from the drop in the number of cars sold. And this specifically impacted European players, and also Japanese players, but European players were significantly impacted. And with that, you could see that there have been many job cuts, Page 2 of 19 KPIT Technologies Limited July 29, 2026 many profit warnings, many pay cuts, ongoing restructuring, significant write- offs, etcetera. On the back of this, after some of this, one month back, we made a disclosure to the stock market about the impact on KPIT for this year. And we talked about how it may pan out to some extent. And specifically for the quarter 1, we talked about that year-on-year, it would have a degrowth of about 1% resulting in a quarter-on-quarter drop of about 5% in terms of revenue and more than disproportionate impact on profitability. On the back of this, for this quarter, year-on-year revenue we had Constant Currency revenue growth of 0.1%, year-on-year USD revenue decline of 0.6% and quarter-on-quarter Constant Currency revenue decline of 3.6%. In terms of profits, the EBITDA was at 17.2%, EBIT at 12.3% and PAT at INR 1.17 billion . So, this is where we are in terms of the actual numbers. And the profit, basically the PAT got impacted on two other accounts, one which was the forex loss and also share of loss from Qorix , which, again, in some way was an impact of the postponement of certain revenues, specifically in the Europe regionand that had a impact on the PAT. On the back of that, what was still good was KPIT could do USD 257 million worth wins during the quarter, which was across the world, but mainly driven through connected cars , then after sales transformation and autonomous. So these were some of the few leading areas which helped us to get these revenues. I think these are the 2 things which we have mentioned about. Of course, this is not where we have been in the past, and we would like to come back to growth. During the outlook, we have just mentioned that H2 will be better than H1, and we will return to growth in H2 by Q4, driven by the Q4 performance and our profitability will return largely when the revenues come. Of course, there are other levers we will use before that. So. this is where we are. Now the point is, how we will do it. And we have talked about some multiple areas which could help us get there. Now I may say that this is not merely a response to the current situation. We have been working at it for the last many months, even during the last year. Now the issue is about how quickly we can do that. I think the drop in the revenue was quicker than we got the revenues out of some of these areas, about which we have been talking about. So, first thing is, overall, I would say that we have been trying to broad base the revenues in multiple ways. The first thing is on the existing OEMs. In the existing OEM, apart from focusing on increasing our wallet share in the areas Page 3 of 19 KPIT Technologies Limited July 29, 2026 in which we work, by getting a larger responsibility of the programs and through multiple ways, we have also added many newer areas of practice or offerings, which we provide to the client, which will help us. So, for example, in the existing areas where we are trying to if you remember, we have done an acquisition Caresoft some time back. And now we are leveraging that for cost reduction programs, and we will do that more actually. And that [Showing first 8,000 characters — download PDF for full document]