Pursuant to Regulation 30 of the SEBI (LODR) Regulations, 2015, we are enclosing herewith the transcript of the earning call on financial result of the Company for the fourth quarter and ....

AI summary - FY26 revenue Rs. 77,000 Cr +11% y-y; EBITDA Rs. 10,200 Cr (margin 13.2%, +550 bps over 3 years); PBT before exceptional Rs. 8,700 Cr; Auto ROCE 72% - Q4 FY26 standalone revenue Rs. 24,500 Cr +22% y-y; EBITDA margin 13.9% (+130 bps y-y); EBIT margin 12.1% - FY26 consolidated revenue Rs. 84,000 Cr; EBITDA margin 12.3%; net cash Rs. 13,700 Cr - FY27 capex guidance 2-4% of revenue; R&D Rs. 1,700 Cr in FY26 - Growth outlook cautious; Q1 FY27 single-digit growth expected; diesel prices key monitor - Commodity headwinds caused ~100 bps margin impact in Q4; 2% price hike in April; cost control focus - Indonesia order of 70,000 units ramping up; deliveries started - Iveco deal closure expected Q2 FY27; pending financial regulatory approvals in France and Spain - EV penetration in SCV pickup reached ~7% by FY26 end; strong EV bus order pipeline - Market share gains in HCV, buses, SCV; product launches and service improvements driving growth - Fleet utilization healthy; freight demand robust despite geopolitical and commodity challenges