Analysts/Institutional Investor Meet/Con. Call Updates

AI summary - Q2 FY27 consolidated revenue 2541.79 Cr +143.62% y-y; EBITDA 658 Cr +223.55% y-y; PAT 394.22 Cr +448.14% y-y - FY27 revenue growth guidance raised to at least 80% (vs 40% earlier) - Order book at 28900 Cr with multi-year visibility; strong pipeline and export growth +493% y-y - Defence revenue target INR 500 Cr in FY27, INR 2000 Cr in FY28, INR 5000 Cr in 3 years - Capex INR 1800 Cr planned for optical fiber, cable, preform capacity expansion by late FY28 - Connectivity solutions revenue expected INR 800 Cr in FY27, INR 2000 Cr in FY28 - Margin outlook positive with EBITDA margin 25.89% in Q2; expected to improve on higher fiber capacity and backward integration - No supply constraints on preform; own preform capacity doubling to 600 MT by Oct 2028 - Demand outlook strong globally; data center growth offsetting regional slowdowns; telco demand recovering - EPC segment loss narrowing; expected profitability from Q1 FY28 - Debt reduction underway; net debt expected to decline by Mar 2027 - Multiple analyst queries on margin sustainability and defense ramp-up addressed; management confident on growth and margin expansion