KPIT Q2FY2026 Performance Overview

1.8%
Q2 FY26 Revenue Growth
Revenue

Q2FY26 reported $ QoQ growth of 1.8% Growth in connected, autonomous, CVs and Europe

9.4%
Growth in Q2FY26 EBITDA
Profits

Q2FY26 EBITDA YoY growth 9.4%, QoQ growth 3.5% Q2FY26 EBIT at 16.4%

₹ 10,364 Million
Q2FY26 closing net cash
Cash and DSO

Q2FY26 closing net cash at ₹ 10,364 million Q2FY26 DSO stood at 49 days

$ 232M
Engagements closed in the quarter
Wins and Pipeline

$ 232M worth engagements closed in the quarter Pipeline continues to be robust

Performance Highlights

Revenue Growth

Q2FY26 Y-o-Y CC growth 0.4%, Q-o-Q CC growth 0.3% Caresoft consolidated for 2 months, contributed to 2.5% Q-o-Q growth

Margin Expansion

Q2FY26 EBITDA margins 21.1% Margins aided by operational efficiency and INR depreciation

Profit Growth

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

Cash

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

Management Quotes

“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.”

Kishor Patil

Co-founder, CEO and MD, KPIT

“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.”

Sachin Tikekar

Co-founder and Joint MD, KPIT

Strategic Engagement

KPIT collaborates with Mercedes-Benz Research and Development India (MBRDI) to accelerate the realization of Software-Defined Vehicles

Collaboration to drive faster innovation, reduce time-to-market, and enhance efficiencies

KPIT Technologies has announced a collaboration with Mercedes-Benz Research and Development India (MBRDI) to accelerate the development and realization of Software-Defined Vehicles (SDVs). This collaboration is poised to enhance innovation, speed up product feature launches, and deliver cost advantages by leveraging KPIT’s cross-domain expertise in mobility technologies.

Mercedes-Benz is advancing its software development strategy as a fundamental pillar of its digital transformation journey across the globe. The company's approach focuses on creating an integrated software architecture that enhances vehicle functionality, user experience, and operational efficiency. By prioritizing software development, Mercedes-Benz aims to deliver continuous improvements to customers through regular updates, ensuring vehicles remain technologically current throughout their lifecycle.

Drawing on KPIT’s deep domain knowledge and experience in enabling mobility transformation globally, the collaboration will play a pivotal role in rearchitecting the technology stack of next-generation vehicles.

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.

Frequently Asked Questions

When was KPIT incorporated?

Since last 25 years, KPIT Technologies has been working with mobility and automotive companies, providing technology solutions for making mobility cleaner, smarter and safer. In Jan-2018, KPIT announced a restructure to merge with Birlasoft and then demerge to focus only the Mobility and the Automotive sector. This entity was hence incorporated as a public limited company on 8th January, 2018 under the Companies Act, 2013. On March 13, 2019, name of the company changed from “KPIT Engineering Limited” to “KPIT Technologies Limited”.

Where is KPIT's registered office located?

The registered office of the company is located at: Plot No. 17, Rajiv Gandhi Infotech Park Phase III, MIDC - SEZ, Hinjawadi Pune - 411 057, India Tel: +91 20 6770 6000

Who are the founder members of the company?

The founder members of KPIT are Mr. Ravi Pandit and Mr. Kishor Patil

What is the vision & mission statement of the company?

Reimagining mobility with you for creation of a cleaner, smarter & safer world

What are the areas of operations of the company?

KPIT specializes in embedded software, AI & digital solutions for the automotive and mobility industry enabling its customers accelerate implementation of next generation mobility technologies.

How many software development centers does KPIT have?

KPIT has software development centers located in Pune, Bangalore, Mumbai, Noida, Chennai (India), Munich (Germany), Raleigh (US) and Folsom (US). We have 31 global offices across 16 countries.

When did the company have its IPO and at what price?

The Company is in the process of filing the listing application with stock exchanges. This section will be available for investors once the Company is listed with the stock exchanges.

What is the name & address of the compliance officer of the company?

Ms. Nida Deshpande is the Compliance Officer/Company Secretary of KPIT.

Whom do I contact in case of non-receipt of dividend, loss of share certificates, etc.?

Please contact the Company Secretary on the above-mentioned address

I want to know more about KPIT and its operations.

You can get in touch with Mr. Sunil Phansalkar from the investor relations team at sunil.phansalkar@kpit.com

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