Please find enclosed earning call transcript for the quarter ended 30th June, 2026

AI summary - Q1 FY27 revenue grew 42% y-y to INR1,475 Cr; PAT up 14% y-y at INR106.39 Cr - Total volumes rose 4% y-y to 55,455 MT; copper segment at 50% capacity utilization - Lead capacity expanded at Phagi to 75,819 MT; Mundra LME brand listing achieved - Copper recycling facility commissioning on track within 12 months; INR1,680 Cr capex planned through FY29 - EBITDA per ton: lead INR24,181; aluminum INR25,175; plastic INR10,197; copper INR55,151 - Supply chain disruptions from Middle East war impacted lead volumes; ramp-up expected by FY27 end - Copper EBITDA margin expected to rise from INR55,000 to INR70,000 per ton over 2-3 years - Net debt approx INR150 Cr; working capital cycle ~95 days due to inventory and transit delays - Value-added products now 63% of revenue, driven by copper and focus on higher-margin sales - Management confident of 25-30% PAT CAGR over next 4-5 years despite near-term challenges