Analysts/Institutional Investor Meet/Con. Call Updates

AI summary - Q2FY27 revenue grew 47% y-y and 19% q-q; EBITDA up 34% y-y and 45% q-q; PAT rose 35% y-y and 54% q-q - Passenger vehicle volumes increased 25% y-y and 14% q-q; EVs contributed 10% of revenue in Q2 - EBITDA margin improved to 9.2% from 7.6% in Q1 despite copper price and wage inflation - Copper price up 54% y-y with 3-month lag in pass-through; ongoing customer negotiations for cost recovery - Greenfield plants ramped up to optimal utilization supporting volume growth - Industry growth expected to remain healthy in H2FY27 despite higher base; new model launches and premiumization to drive content - Capex guidance ~Rs 200 Cr for FY27; FY28 capex uncertain pending customer schedules - Multiple analyst queries on copper pass-through lag and margin outlook; management expects margin improvement within FY27 - Company focused on cost optimization, digitization, and automation to sustain margins and growth