Analysts/Institutional Investor Meet/Con. Call Updates

AI summary - Q1 FY27 revenue grew 44% y-y to INR1,890 Cr; vehicle volumes +81%, service volumes +1% - Organic revenue +33%, PV volumes +58%, EV volumes +57%, CV volumes +34% y-y - EBITDA rose 87% y-y to INR71.5 Cr; margin improved to 3.8% from 2.9% - Acquisitions scaling; EBITDA positive; PAT profitability expected from Q2 FY27 - Inventory days at 32, improved working capital; debt higher due to acquisitions - Demand outlook positive for festive season; supply constraints in EV and luxury segments - Service volumes to grow 6-7% from Q2; ASP up 15%; service margins strong - FY27 revenue guidance 20-25% growth to ~INR8,200 Cr; blended EBITDA margin ~4% - Multiple analyst queries on margin trajectory and acquisitions; mgmt expects steady margin improvement