Transcript of Earning Call Conference held on August 6, 2026 on unaudited financial results for the quarter ended June 30, 2026.

AI summary - Q1 FY27 revenue 475 Cr +1.7% y-y; EBITDA 59 Cr (margin 12.5%, -70 bps y-y); PAT 55.6 Cr +5% y-y - SLCM revenue 388 Cr, flat growth; non-SLCM revenue 48 Cr +6.4% y-y, pumps segment strong - Market share expanded to 75.1% in Q1 FY27 from 69% in Q1 FY26 - Export revenue 9% in Q1 FY27; growth expected at 30% CAGR over 3 years - Price increase of ~2% taken in Q4 FY26; another calibrated hike under evaluation - New product ARGO 4000 launching Q2 FY27; UDAAN series gaining traction - Q2 FY27 margins expected challenging; target to return to ~12.5% margin in H2 FY27 - Focus on cost optimization, operational excellence, and cash flow discipline - State-wise demand mixed; growth in Gujarat, Karnataka, Odisha; decline in Maharashtra, MP - Non-SLCM growth target 10-15% for FY27; volume recovery expected post-monsoon