Analysts/Institutional Investor Meet/Con. Call Updates

AI summary - H1 FY27 revenue +40%, EBITDA +29%, PAT +10% y-y; Q2 revenue INR1,427 Cr +38% y-y - Copper recycling capacity expansion: Mundra 59,200 MT/yr by Mar 2029; Mandvi 29,400 MT/yr commissioning in 12 months - RMIL contributed INR420 Cr revenue Q2 with 8.5% EBITDA margin; copper EBITDA per kg sustainable at INR65-70 short term - Lead volumes down 11% Q2 due to sourcing; expected 18-20% CAGR volume growth next 3 years - US subsidiary set up for scrap sourcing to improve margins and supply chain - Capex INR1,680 Cr through FY29; INR815 Cr for existing business expansion, balance for new verticals including lithium-ion batteries