Transcript of conference call for investors held on August 6, 2026

AI summary - Q1FY27 revenue growth strong with nearly 4x jump in profitability over Q4 and 12x y-y - Beryl integration ongoing; design team ramp-up in India to contribute positively from Q3 - MES division downsized; focus shifted to power distribution and substations with $5-10m opportunity - Civil work on hand at $4.5m, up from $3.7m last year, indicating strong project pipeline - EBITDA margin reached 19% in Q1; management confident of sustaining 20-23% in FY27 - Beryl expected to break even in Q2 and add $0.5-$0.75m to bottom line next year - Structural design firm acquisition targeted by Q4 2026 to enhance US market presence - Automation and incentive systems driving productivity and cost control - PAT margin target maintained at 15-16%, with potential upside from Beryl's design services - Multiple analyst queries on Beryl integration and MES restructuring; management optimistic on growth