Please find attached the Transcripts of Earnings Call held on 11.08.2026 for the 01st quarter ended 30.06.2026

AI summary - Q1 FY27 revenue grew 29% y-y, EBITDA up 27% with 10% margin, PAT INR64 crores +22% y-y - New Bhiwadi XLPE facility commissioned with 48,000 MT capacity; utilization to reach 50% in FY27 - FY27 volume growth guidance at 15%, revenue growth 13% conservatively excluding price rise - BESS business initial phase capex INR200 crores, EBITDA margin 6-8%, long-term target 11-15% - Export revenue INR300+ crores in Q1, driven by MENA region; logistics and freight volatility impact pricing - Capacity utilization expected to rise to 70% in FY27 with 231,000 tons volume target - Market share gains expected in medium voltage XLPE segment with new capacity in North India - EBITDA per ton improved by INR3 in Q1 due to export pricing; sustainable margin target 10-12% - Management cautious on raw material price volatility; expects normalization over 3-6 months