Pursuant to Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements), Regulations, 2015, please find attached the transcript of the earnings conference ....

AI summary - Q2 FY27 revenue grew 21% y-y to INR14,687 Cr; EBITDA up 8% to INR1,968 Cr; PAT up 5% to INR1,456 Cr standalone - Consolidated revenue grew 23% y-y to INR14,971 Cr; PAT up 41% including INR397 Cr one-time QIP gain - EV VIDA retail grew 105% y-y; capacity doubled to 30,000 units/month, targeting 45,000 by Q4 FY27 and 80,000 by Q2 FY28 - ICE scooter capacity doubled to 80,000 units/month; strong market share gains in ICE scooters and 100cc motorcycles - Margin outlook: Q3 margins expected stable despite commodity inflation; medium-term EBITDA margin target 14-16% - Parts business revenue grew 27% y-y; greenfield Global Parts Center 2.0 expansion underway with INR700 Cr capex - Export logistics impacted by earthquake and fuel price rise; retail exports grew 19%, expecting double-digit growth in H2 FY27 - Premium segment reorganized; 3-4 new launches planned in FY27; premium variants gaining share - Multiple analyst queries on exports, EV capacity, scooter market share, margin trajectory; management confident on growth and margin recovery