Analysts/Institutional Investor Meet/Con. Call Updates

AI summary - Q2F27 consolidated revenue ₹57,553 Cr +25% y-y; PAT ₹4,588 Cr +25%; ROE 21% - Auto revenue up 55%, SUV demand strong; EV penetration in SUVs at 12%, capacity constrained at 8,000 units, expanding to 12,000 by Feb-Mar - Farm revenue down 9% due to monsoon deficit and international issues; full-year tractor industry outlook reduced from +5% to flattish - Commodity inflation significant: steel +17%, copper +42%, rubber +40%; price hikes of 5% in Auto, 4% in Farm taken - Capacity expansion underway: Auto capacity to rise from 64.5k to 82k units in FY27, 92k in FY28, new Nagpur plant planned to double capacity - EV business margin at ~9% aided by PLI; margin expected to improve with volume scale, localization, and pricing power - Aerospace order book strong with new Airbus fuselage contract; execution focus to meet rising demand - Multiple analyst queries on capacity constraints and EV demand; management confident on scaling and sustained growth