Compliance under Regulation 30 of SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015

AI summary - Q1 FY27 sales volume grew 28% to 1.63 million units; revenue up 38% to INR 13,896 Cr - Operating EBITDA rose 41% to INR 1,779 Cr; EBITDA margin improved 30 bps to 12.8% - Profit after tax increased 51% to INR 1,174 Cr; PBT includes INR 150 Cr fair valuation gain - Domestic 2W ICE sales grew 21%, EV sales surged 86%, 3W sales up 48% - International sales grew 33%, driven by Africa, LATAM, and Asia; capacity expansion ongoing - EV capacity rising from 40k to 50k units; 3W capacity from 20k to 30k units - FY27 outlook: double-digit growth in ICE, strong EV momentum; Q2 expected to improve on Q1 - Commodity cost increase ~3.5% in Q1; price hikes of 1.5% in Q1 and 0.5% planned in Q2 - TVS Credit book grew 19% to INR 32,053 Cr; disbursed loans to 14 lakh new customers - Norton investment ~INR 2,500 Cr; four premium models launched in key global markets - Export revenue INR 3,634 Cr in Q1; exports contribute ~26% of turnover, expected to grow - EBITDA margin improvement driven by product mix, cost reduction, and scale benefits