KPIT Technologies has authorized specific Key Managerial Personnel (KMPs) to determine the materiality of events and make subsequent disclosures to stock exchanges, effective July 29, 2026. The authorization empowers CEO Kishor Patil, Joint Managing Director Sachin Tikekar, and Chief Financial Officer Priyamvada Hardikar to act independently in assessing whether an event or information constitutes a material disclosure under regulatory guidelines. This delegation aims to enhance the efficiency and timeliness of market communications by enabling senior leadership to make immediate determinations on disclosure obligations without requiring additional board-level approvals for each instance.

The authorization is made pursuant to Regulation 30(5) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. Under this provision, listed entities must designate KMPs who are empowered to decide on the materiality of an event or information and make disclosures to the stock exchanges. By formally designating these individuals, KPIT ensures compliance with SEBI’s mandate for transparent and prompt dissemination of price-sensitive information to investors and regulators.

The designated KMPs hold critical leadership roles within the company’s executive structure. Kishor Patil serves as the Chief Executive Officer and Managing Director, overseeing overall corporate strategy and operations. Sachin Tikekar, as Joint Managing Director, shares responsibility for key operational decisions and strategic initiatives. Priyamvada Hardikar, the Chief Financial Officer, manages financial reporting, investor relations, and regulatory compliance matters. Their combined expertise allows for a comprehensive assessment of both operational and financial materiality when evaluating potential disclosures.

Ashish Malhotra, General Counsel & Company Secretary, serves as the single point of contact for these disclosures. He is responsible for coordinating with stock exchanges and ensuring that all communications adhere to regulatory standards. Investors and stakeholders can reach him via email at ashish.malhotra@kpit.com or through the company’s registered office in Pune. The details of this authorization have been published on the company’s website at www.kpit.com , ensuring transparency and accessibility for all market participants.

This procedural update reflects KPIT’s commitment to maintaining robust corporate governance practices. By clearly defining the roles and responsibilities of its KMPs regarding materiality determinations, the company reduces ambiguity in its disclosure processes. This clarity helps prevent delays in communicating significant developments to the market, thereby supporting fair and efficient price discovery for its securities listed on the Bombay Stock Exchange and the National Stock Exchange of India Ltd.

KPIT Technologies reported consolidated revenue from operations of ₹16,749.94 million for Q1FY27, an 8.9% increase year-on-year (YoY) from ₹15,387.61 million in Q1FY26. However, constant currency (CC) revenue growth stood at 0.1% YoY, with CC revenue declining 3.6% quarter-on-quarter (QoQ), reflecting near-term headwinds in client spending. Despite sequential softness, the company expressed optimism about regaining strong growth in the second half of FY27, citing strategic investments, unique skills, and strong client connections as key enablers.

The company's EBIT rose to ₹2,052.35 million with a margin of 12.3%, compared to ₹2,610.25 million and 17.0% in the prior-year period, reflecting margin compression due to strategic investments in AI and software products. Consolidated net profit attributable to owners of the company was ₹1,171.78 million, down from ₹1,718.99 million YoY. The financial results were approved by the Board of Directors on July 29, 2026, and disclosed pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. B S R & Co. LLP, the Statutory Auditor, issued an unqualified limited review conclusion on the unaudited financial results.

Financial Performance

KPIT's Q1FY27 performance showed resilience in order inflows despite headwinds in client spending. The following table summarizes key financial metrics across recent quarters:

Revenue per development employee was $61,716, down slightly from $63,176 in Q4FY26 but higher than $60,901 in Q1FY26. The company recognized ₹122 million in expenses for AI and software product development as intangible assets under development. Days Sales Outstanding (DSO) improved to 51 days from 54 days in the previous quarter, indicating better working capital management. Standalone revenue from operations was ₹6,654.85 million, with standalone net profit of ₹966.93 million. Total comprehensive income for the period was ₹1,313.76 million.

Segment-wise revenue contributions were led by UK & Europe at ₹8,843.98 million, Rest of the World at ₹7,886.52 million, and Americas at ₹5,136.89 million before inter-segment eliminations. Revenue by geography showed mixed trends: US revenue grew 10.5% QoQ to $53.93 million, while Japan, Korea, and China (JKC) declined 25.0% QoQ to $28.00 million. South-East Asia, India, Middle East, and Africa (SIMA) saw a 41.1% QoQ drop to $7.00 million, attributed to a significant one-time product sale in SIMA during Q4FY26. Fixed-price contracts accounted for 67.7% of revenue, up from 62.5% YoY, indicating a shift toward more predictable billing models.

Operational Highlights and Strategic Wins

KPIT closed new engagements totaling $257 million in Q1FY27, reinforcing its pipeline strength. A notable strategic win was the exclusive launch of AirConsole, via subsidiary N-Dream, with Tata Motors Passenger Vehicles on the Sierra.ev model in India. This marks AirConsole's first market expansion beyond Europe, leveraging its platform used by over 4 million car owners globally for in-car entertainment. The company also expanded its engineering footprint in Vietnam with a new technology center in Hanoi, partnering with HUST and VinUniversity to support regional mobility programs and create over 100 job opportunities.

Board Changes and Governance

The Board appointed Dr. Nirmala Pandit (DIN: 03621715) as Additional and Non-Independent Non-Executive Director for a three-year term until July 28, 2029, strengthening continuity after the passing of co-founder Chairman S. B. (Ravi) Pandit. Mr. Anant Talaulicar, Independent Non-Executive Director, was named Chairman of the Board for one year, including the ensuing AGM. Reappointments approved include Ms. Bhavna Doshi as Independent Director until September 14, 2031; Mr. Anup Sable as Whole-time Director until December 21, 2031; and Mr. Chinmay Pandit as Whole-time Director until July 25, 2032. Mr. Omkar Panse, Chief Technology Officer, was designated as Senior Management Personnel effective July 29, 2026.

Remuneration limits for Non-executive Directors were maintained at 2% of net profits under Section 198 of the Companies Act, 2013, for five years from FY26-27. Executive Directors' limits remain at 8% individually and 15% collectively. The final dividend of ₹5.25 per share for FY25-26 has a record date of August 12, 2026, subject to member approval at the 9th Annual General Meeting scheduled for August 31, 2026.

Outlook

The divergence between YoY revenue growth (+8.9%) and declining EBIT margins (-4.7 percentage points) underscores KPIT's active investment phase in AI-led products and solutions. The company remains optimistic about regaining strong growth in the second half of FY27, supported by strategic investments, unique skills, and strong client connections. The improvement in DSO to 51 days and a robust net cash position of ₹9.0 billion provide financial flexibility to sustain these investments without compromising liquidity. Strategic partnerships like the AirConsole-Tata Motors collaboration signal early traction in product-based revenue streams.