Analysts/Institutional Investor Meet/Con. Call Updates

AI summary - Q2 FY27 consolidated revenue grew 53% y-y; EBITDA margin expanded to 14.4%, PAT rose 43% y-y to INR 9,900 million - Wires and Cables segment revenue up 47% y-y; domestic wires grew 50% y-y with mid-to-high single-digit volume growth - FMEG segment grew 124% y-y, achieving 10.1% EBIT margin; solar inverters drove multifold growth - EPC segment revenue grew 53% y-y with 7.2% EBIT margin; order book around INR 9,000-10,000 crores - Net cash at INR 45.2 billion; working capital cycle improved to ~11 days in Q2 FY27 - Management confident on sustaining medium- to long-term EBITDA margins of 11-13% for Wires & Cables and 8-10% EBIT margin for FMEG by FY30 - Export business grew 17% y-y and 85% q-q; presence in 94 countries with strong order pipeline - EHV plant commissioning expected in FY28 - No pricing action yet in response to new entrants; market share gains of 1-1.5% annually continue - Data center cables and renewable energy solutions seen as key growth areas - Copper sourcing 100% imported; no current plans for domestic sourcing