Please find attached herewith transcript of Earning Conference Call on Q1FY27 results.

AI summary - Q1FY27 revenue grew 18.1% y-y to INR1,370 Cr; PAT INR330 Cr; EBITDA INR386 Cr, margin 28.17% - Internet Ticketing revenue INR361 Cr, +0.5% y-y; EBITDA margin >80% - Catering revenue INR732 Cr, +33.8% y-y; margin impacted by pilot projects and higher HR costs - Tourism revenue INR168 Cr, +13.5% y-y; EBITDA margin improved to 11.31% from 8.78% - Rail Neer revenue INR109 Cr, +2.8% y-y; margin ~10%, impacted by higher resin costs - Management highlighted capacity expansions, new plants for Rail Neer, and focus on customer experience and digital upgrades - Convenience fee INR248 Cr; non-convenience fee INR113 Cr, impacted by website revamp and investments - Outlook includes 20 new Vande Bharat sleeper trains, growth in tourism, and plans for payment aggregator license