Earning Call Transcript of Q1FY27 is attached herewith.

AI summary - Q1FY27 standalone revenue grew 19% y-y to INR836 Cr; EBITDA margin expanded 12 bps to 20.40% - EBITDA increased 19.66% to INR170.58 Cr; PAT grew 22.47% to INR118.59 Cr - Export contributed ~3% and defense ~5% of Q1 revenue; full year export expected 6-7%, defense 5-6% - KATO JV to start revenue from Q3FY27; upgraded products rollout from Q4FY27; export models in 1-2 years - Commodity inflation ~11-12% expected; price hikes of ~10% taken so far to protect margins - Capex guidance INR200-250 Cr for FY27 including INR40-50 Cr for new defense facility with INR500 Cr turnover capacity - Mix in cranes expected to stabilize at 50-50 hydra and new generation over 2-3 years - Demand stable but growth guidance deferred to September due to geopolitical and inflation uncertainties - Inorganic growth and exports seen as key medium-term growth drivers