Analysts/Institutional Investor Meet/Con. Call Updates

AI summary - Renewable energy operating portfolio at 261.21 MW; 231.10 MW under construction; target 500 MW by Mar-27 - Q2 revenue INR 190 Cr; H1 revenue INR 310 Cr (+8% y-y); Q2 EBITDA INR 53 Cr (+59% y-y); H1 EBITDA INR 93.7 Cr (+39% y-y) - Consolidated Q2 PAT INR 19 Cr; H1 PAT INR 20.7 Cr; EIM losses narrowed, breakeven expected next year - EIM sold 142 electric trucks in Q2; charging network sales +65% q-q; network to expand from 8 to 40 stations by Mar-27 - New Pune assembly plant operational; full production from Jan; tie-up with CATL for battery pack assembly - Merger with Ravindra Energy expected by Sep-27; post-merger network equity ~INR 900 Cr - Solar asset monetization planned to fund EIM network expansion; 200-300 MW solar capacity addition linked to swap stations - Contribution margin for trucks ~6%; financing support from 10+ banks and NBFCs; payback ~2.5 years - Repeat customers increasing; strong order pipeline with MOUs for ~1500 vehicles - Focus on heavy commercial EV trucks (18+ tons); no plans for smaller vehicles or buses - Analyst plant visit planned post Jan production start