Analysts/Institutional Investor Meet/Con. Call Updates

AI summary - Q2 FY27 consolidated revenue INR285.45 Cr; PAT INR63.33 Cr, +80.1% y-y - Manufacturing expansions: Sangli coil factory operational from Oct 20; customer audits ongoing, focus on production stabilization - Win-Win Specialty Insulators secured orders for 800 kV HVDC and 765 kV AC insulators; ramp-up expected with INR200 Cr revenue guidance for FY28 - Capital raise via QIP (~INR700 Cr) planned for acquisition, capacity expansion, working capital, and US office setup - Order book crossed INR2,000 Cr; 95% fixed-price contracts with 15-18 months execution - FY28 growth guidance ~50%; stable group EBITDA margin ~25%, with segment variations - PCS factory capacity 4 GW (~INR1,500 Cr revenue potential); margins initially 10-12%, to be updated post stabilization - Working capital elevated due to new capacity ramp-up and inventory buildup; expected to normalize in 24-36 months