Earning call transcript for Q2 financial results.

AI summary - Q2 FY27 revenue grew 35% y-y to ₹1,546 Cr; EBITDA 356 Cr (+23% y-y), margin 23% (-230 bps y-y); PAT 223 Cr (+29% y-y) - BEV revenue grew 129% y-y, now >50% of automotive revenue; traction motor demand up 50% q-q - New product launches: helical limited slip differential, air springs for railways, rear radar sensors for 2-wheelers - Order book at ₹251 bn, 3rd highest quarter for order additions; 75 EPIC programs across 37 customers - Free cash flow of ₹446 Cr in H1 FY27, 1.5x FY26; net cash ~₹1,400-1,500 Cr - Margin outlook stable at 23-25% range despite inflation and product mix changes - Robotics & Physical AI business at 4% of order book; capex ₹62 Cr; evaluating humanoid robot deployment - Strong growth in legacy ICE and differential assembly businesses; Eastern markets now 2/3 of revenue - Management confident in 10x growth over 10 years under Sona Comstar 2.0 vision