Transcript of Q4FY 2026 IS Attached herewith.

AI summary - FY26 standalone total income INR3,395 Cr, EBITDA margin expanded 81 bps to 18.33%, PAT margin up 73 bps to 12.53% - Q4FY26 revenue INR1,021 Cr (+5.58% y-y), EBITDA INR163.7 Cr, EBITDA margin 16%, PAT margin 10.65% - Price hikes totaling 9-10% taken in CY26; further 5% hike from June 2026 planned - JV with KATO Works targets INR300 Cr revenue in 3-4 years; potential INR700-800 Cr if antidumping duties apply - Capex of ~INR200 Cr planned for FY27; new tower crane factory capex INR400 Cr envisaged - Defense order book INR575 Cr; expected 5-6% revenue contribution in FY27 - Market share stable; margin guidance 15-16% EBITDA excluding other income - Export and defense business targeted to reach 10-15% of revenue by FY27 - Commodity inflation and geopolitical risks remain key challenges; company focused on sustaining margins and growth