Analysts/Institutional Investor Meet/Con. Call Updates

AI summary - Q1 FY27 revenue 294.5cr +31.6% y-y; EBITDA 49.7cr +38.7% y-y; margin 16.9% vs 16% Q1FY26; PAT 16.1cr +22.4% y-y - FY27 revenue guidance above 1500cr; EBITDA margin target above 19% - Rs. 25cr dispatches deferred to Q2 due to Middle East export delays; underlying performance on track - Seamless pipe plant commissioned; expected margin improvement as utilization ramps - Strong order book 2428cr as of June 30, 2026; healthy pipeline in power, oil & gas, process industries - Thailand facility fully booked for 3 years; no expansion planned - Preferential issue of 300cr completed; 225cr used for debt reduction; net debt expected to reduce to 400-425cr by FY27 end - New sectors targeted: nuclear facility planned with partner agreement expected in Q2 FY27 - Multiple analyst queries on order inflow and margin trajectory; management confident on exceeding revenue guidance