Analysts/Institutional Investor Meet/Con. Call Updates

AI summary - Q2 FY27 consolidated revenue grew 38.2% YoY to INR 1,853 Cr; H1 revenue up 30.5% YoY to INR 3,664 Cr - Electronics segment revenue up 60% YoY; Solar Power Products and Inverter/Battery strong contributors - Electricals segment revenue up 41.2% YoY; wires growth price-driven, volumes flat - Consumer Durables segment revenue up 20% YoY; Sunflame up 20.5% YoY with integration progress - Gross margin at 34.3% in Q2 vs 37.6% YoY; impacted by input costs and product mix - EBITDA grew 53.7% YoY to INR 168 Cr; margin improved to 9.1% from 8.1% YoY - PAT up 71% YoY to INR 112 Cr - Price hikes of 6-12% taken across categories; 2-3% price gap remains to be passed on - Volume growth ex-wires about 25% YoY; wires volumes flat - Solar business nascent, mainly in South India, residential focus via system integrators - Capex guidance for FY27 about INR 150 Cr - Management confident of sustaining growth and improving margins in H2 FY27 despite commodity volatility