Please find enclosed Transcript of Post earnings conference call held on April 28, 2025.

KPIT Technologies reported Q4 FY25 constant currency revenue growth of 15% YoY and 3% QoQ, with EBITDA margin of 21.1% (18.5% YoY growth). Full-year FY25 constant currency growth was 18.7% with EBITDA margin of 21% and net profit growth of 41.2% (29.8% excluding one-time items). Deal closures rose to $280 million in Q4, up sequentially from $236M in Q3, with cash on hand at INR 15.8 billion. The board proposed a final dividend of INR 8.5/share, a 27% increase YoY. Management highlighted three growth levers: geographical adjacency (a four-pronged China strategy), offering expansion (cost reduction, cybersecurity, end-to-end validation), and vertical adjacency (commercial vehicles and off-highway, with 4 of 8 new clients already engaged). A multi-year Mercedes-Benz SDV deal was confirmed. Management declined to give FY26 revenue or margin guidance, citing tariff-related uncertainty, but expressed confidence in maintaining margins through AI, automation, and reduced ESOP costs.