Transcript of Q1 FY 2026-27 Earning Call

AI summary - Q1 FY27 revenue grew nearly 50% YoY; wiring harness up 44.6%, non-wiring harness up 67.7% - EV revenue grew 79%, now 27% of total revenue (up from 24% last year) - EBITDA margin improved 110 bps to 15% vs Q4 FY26; copper prices impact ongoing - Multilink acquisition integration progressing; expected 25-30% growth with margin in line with Dhoot - Confident of 25-30% growth for FY27; IPO proceeds utilization update next quarter - EV battery pack assembly business expanding with new customers; margins similar to ICE - Ride Vision JV for two-wheeler ADAS progressing; product ready ahead of regulations - Capex underway to add 15-20% capacity at Jhajjar and Hosur plants in FY27 - Net debt ~Rs 220 Cr at June end; post-IPO equity infusion expected to yield net cash - Multiple analyst queries on margin trajectory and EV business growth; mgmt expects margin band 15-16% for full year