Intimation under Regulation 30 and 46(2)(oa) of SEBI (LODR) Regulations, 2015 - Transcript of Investors call held on August 11, 2026

AI summary - Q1 FY27 revenue grew 22% y-y to INR58.4bn; EBITDA up 28% y-y to INR8.18bn - EBITDA margin improvement driven by revenue growth and expense optimization - Profit after tax rose 9.9% y-y excluding prior year exceptional item; sequential PAT growth 23.4% - Power Solutions grew 29%, led by passenger cars and off-highway segments; strong growth in 2-wheelers and aftermarket - Growth drivers include volume increase, new product launches, regulatory-driven content gains (CAFE Phase 3, ADAS), and localization - Margins sustained above post-COVID levels (~14%) due to operational excellence, localization, productivity, and sourcing - EV business integral with e-axle JV planned; revenue contribution to grow over coming quarters - Export revenue at ~8%, expected to increase over next 2-3 years - Chassis Systems acquisition adds profitable, powertrain-agnostic portfolio; consolidation starts Q2 FY27 - Commodity costs volatile but currently stable; proactive risk management ongoing