Please find enclosed Transcript of Analyst/ Investor Conference Call

AI summary - Q1 FY27 consolidated revenue grew 12.8% Y-o-Y to INR 74bn; EBITDA margin 11.7%, down 150 bps y-y due to RM cost pressures - India operations revenue INR 54.6bn, +15.6% Y-o-Y; EBITDA margin 12%, volume-led growth across segments - Europe revenue EUR147m, +0.5% Y-o-Y; EBITDA margin 8.9%, impacted by Enschede closure transition costs - Raw material costs rose ~17% in Q1; further 8% sequential inflation expected in Q2; price hikes ongoing but full pass-through pending - Europe margin target post restructuring is high teens EBITDA; capacity shifts from Netherlands to Hungary and India ongoing - Net debt INR 1,700+ Cr; Q1 CapEx INR 650 Cr; net debt to EBITDA ratio 0.4; CapEx ramping in H2 FY27 - Market share regained: TBR replacement >30%, passenger car replacement >21% - Multiple analyst queries on price hikes, capacity ramp-up, and commodity inflation; management expects continued demand growth despite macro challenges