Analysts/Institutional Investor Meet/Con. Call Updates

AI summary - Q1 FY27 total income INR 1,717 Cr, EBITDA INR 762 Cr, PAT INR 478 Cr (+9.4% y-y), including INR 110 Cr one-time benefit - Energy business contributed ~70% of EBITDA; secured PPAs for 380 MW of 710 MW capacity - Thermal plant PLF steady at 85.9%; hydropower affected by delayed monsoon but improving in July - Steel and ferro alloys production impacted by planned outages; new 30 MW power unit commissioning mid-August - Expansion projects on track: SKS thermal expansion, small hydro projects, solar commissioning delayed to Q3 FY27 - Net debt-free with liquidity >INR 2,500 Cr as of June 30, 2026 - FY27 growth drivers: improved power price realization, higher capacity utilization, and steel production increase - Multiple analyst queries on power tariffs, hydropower water availability, mining capacity expansion, and project timelines - Management cautious on FY27 EBITDA/PAT guidance due to market volatility