Please find enclosed herewith transcript of Earning Conference Call on financial results for the quarter and year ended on 31.03.2026 held on 27.05.2026.

AI summary - FY26 revenue from operations Rs 5,215 Cr +12% y-y; EBITDA Rs 1,666 Cr +7%; PAT Rs 1,393 Cr +6% - Catering revenue Rs 2,399 Cr +13%, Rail Neer Rs 391 Cr +3%, Internet ticketing Rs 1,536 Cr +8%, Tourism Rs 890 Cr +19% in FY26 - Q4 revenue Rs 1,460 Cr +15% y-y; PAT Rs 447 Cr vs Rs 472 Cr last year due to Rs 48 Cr exceptional items - Internet ticketing holds 89% market share with 76% EBITDA margin in Q4 - Capex plans include 4 new Rail Neer plants, expansion of 2 existing plants, and hotel business entry - Dividend payout ratio ~50%; buyback subject to government approval - Convenience fee income Rs 247 Cr in Q4; total tickets booked 13.39 Cr with 51.7% UPI share - Margin compression due to business mix shift and exceptional CSR/ECL items; aiming to maintain ~30% EBITDA margin - Election special trains revenue Rs 2.38 Cr in Q4; CSR expense Rs 31 Cr vs Rs 7 Cr last year - Catering price hikes subject to Ministry of Railways; no immediate plans - Tourism and catering segments expected to grow ~20% and 15% respectively; IT segment growth ~7% - Discussions ongoing for payment aggregator license and unified portal launch by Aug 2026 - Rail Neer capacity expansions underway with land acquired for new plants - Management confident on sustainable long-term growth despite geopolitical challenges