Analysts/Institutional Investor Meet/Con. Call Updates

AI summary - Q2 FY27 revenue reached INR1,384 Cr, +10% y-y; H1 revenue INR2,694 Cr, +7% y-y - EBITDA margin expanded to 10.5% in Q2; PAT margin improved 130 bps to 4.2% - Order book at INR10,066 Cr; Q2 order inflows up 70% y-y to INR2,111 Cr - Export order inflows strong, with 60%+ from developed markets; Middle East now 18% - Capacity expansion to 450,000 MTPA on track for H2 FY27; greenfield expansion planned by FY28-FY29 - FY27 revenue growth guidance maintained at ~15%, with possible 1-2% downside - EBITDA margins expected to remain 10-11% amid cost pressures, targeting 12% long term - Working capital stable at ~90 days; exports and domestic have comparable cycles - Debt-to-equity improved to 0.38x post preferential equity raise; capex funded comfortably - Multiple analyst queries on export diversification, capacity expansion, and margin outlook