Announcement under Regulation 30 of SEBI LODR- Transcript of the Q4 FY 26 Earnings Conference Call held on 12th May, 2026

AI summary - Q4FY26 revenue INR10,520 Cr; FY26 revenue INR48,893 Cr +26% y-y; EBITDA INR1,887 Cr +23% y-y; PAT INR845 Cr +20% y-y - Mobile volumes flat FY27 without Vivo; 12-15% price growth expected; Vivo volumes pending govt approval - Camera module capacity to expand from 70m to ~190m units in 15-18 months - Display JV trials start Q3FY27; mass production Q4FY27; target revenue INR5,500-6,000 Cr at double-digit margin - Telecom segment targeting INR7,500-8,000 Cr revenue in FY27; IT hardware revenue expected >INR4,000 Cr - Lighting revenues expected to double to ~INR1,700 Cr in FY27 - Industrial EMS business being developed with M&A focus; potential INR3,000-4,000 Cr size with higher margins - Working capital cycle negative 8 days; ROCE 44.8%, ROE 28.1%; capex ~INR1,000 Cr in FY27 - PLI income INR360 Cr booked FY26; receivables INR1,380 Cr; margin pressure from PLI phase-out partly offset by backward integration - Export growth planned in mobiles and lighting; server manufacturing discussions ongoing - Margin profile expected slightly under pressure in FY27, with margin expansion in FY28-29 from component integration