Analysts/Institutional Investor Meet/Con. Call Updates

AI summary - Q2 FY27 consolidated revenue Rs. 934 Cr +42.5% y-y; EBITDA Rs. 69.14 Cr +54.8%, margin 7.4%; PAT Rs. 13.67 Cr vs Rs. 2.76 Cr - H1 FY27 revenue crossed Rs. 2,950 Cr; double-digit volume and ASP growth driven by commodity cost pass-through - Room AC volume growth guidance ~20-25% for FY27; full year sales target 2.1-2.2 million units - Washing machine sales grew 60.7% in H1; full year growth expected 40-50% - Compressor production trial start Nov 2026; target 1.5+ million units CY27; decision on second line by Apr-May 2027 - Refrigerator plant commissioning targeted Q4 FY27; capacity 1.2 million units; FY28 production target ~700k units - Electronics business sales expected Rs. 550-600 Cr in FY27; growth driven by TV motherboards and AC controllers - Price increases cumulatively ~15% expected by Jan 2027; ongoing quarterly price hikes to offset commodity inflation - Margins tracked on per unit basis; gross margin % compressed due to commodity pass-through and product mix - Capex for FY27 largely paid; FY28 capex expected Rs. 150-200 Cr; focus on consolidating new projects - Incentives for FY27 expected Rs. ~70 Cr PLI plus Rs. 28-30 Cr state incentives; FY28 incentives ~Rs. 105-110 Cr - Export opportunities limited; focus on domestic and SARC nations - Backward integration progressing with compressor, copper tube, aluminum manufacturing in India; electronic components still largely imported - Management confident on order book and execution for strong H2 FY27 perfor…