Analysts/Institutional Investor Meet/Con. Call Updates

AI summary - Q2 FY27 revenue grew 37% y-y to Rs. 558 Cr; EBITDA Rs. 33 Cr (+4% y-y), margin 5.88%; PAT Rs. 19 Cr (-17% y-y), margin 3.31% - H1 FY27 revenue grew 37% y-y to Rs. 1113 Cr; EBITDA Rs. 119 Cr (+130% y-y), margin 10.66%; PAT Rs. 80 Cr (+113% y-y), margin 7.21% - Tyre cord fabric sales up 37% in Q2 and 53% in H1; filament yarn sales up 39% in Q2 and 30% in H1 - PTCF commercial sales expected to start Q4 FY27; gradual ramp-up with high utilization expected in H2 FY28 - Capacity utilization ~85% in Q2 FY27 with headroom; hybrid power expansion to save ~Rs. 10 Cr annually from Q4 FY27 - EBITDA margin normalized to 7-10% range; raw material cost volatility and energy costs pressure margins - Value-added products in nylon filament yarn expected to reach ~50% share, supporting margin improvement - Exports currently 4-5% of revenue; FTAs with EU/UK seen as growth opportunities - Raw material prices volatile; caprolactam at USD 2000-2100/ton; pricing pass-through largely effective - Inventory value increased due to raw material price rise; working capital expected to normalize - Capital allocation prioritizes technology upgrades, energy savings, and value-added product capacity expansion