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

AI summary - Q1 FY27 revenue nearly flat y-y with 0.1% constant currency growth, USD revenue down 0.6%, Q-o-Q decline 3.6% - EBITDA margin at 17.2%, EBIT 12.3%, PAT INR 1.17bn impacted by forex loss and Qorix share loss - USD 257mn deal wins driven by connected cars, aftersales transformation, autonomous tech - H2 FY27 expected to see growth recovery, with Q4 driving return to growth and profitability - Focus on broadening revenue base: expanding wallet share in existing OEMs, new OEM engagements, off-highway/trucks, and product solutions powered by Beacon platform - Medium-term margin aspiration of 22-24% by FY29 remains, driven by product/solution revenue growth and outcome-based models - European OEMs under pressure from China competition; KPIT engaged in cost reduction and speed-to-market initiatives to help clients - Pipeline strong globally; Europe impact expected to reflect more in Q2; US and SIMA regions showing growth - Fixed price contracts increasing; AI tools and product offerings to improve margins over time - Wage hikes deferred, phased increments planned starting with junior grades - Strategic client revenue stable; decline mainly from top 2 clients and non-strategic segments - Vendor consolidation ongoing; KPIT gaining share through solution and product focus