Analysts/Institutional Investor Meet/Con. Call Updates

AI summary - Q2FY27 revenue INR347.92 Cr (+89.5% y-y); EBITDA INR72.92 Cr (+118.2% y-y); PAT INR33.68 Cr - Volume growth 62% y-y, 7% q-q; capacity utilization 66% in Q2 FY27 - Export revenue ~70%; new supply agreement to start contributing from FY28 - INR250 Cr capex underway for two new buildings at Pakhajan; commercialization by Q4 FY28/Q1 FY29 - Debt-to-EBITDA improved to 2.09x in H1 FY27; ROE 27.3%, ROCE 18.4% - Freight and gas cost increased in Q2; cost pass-through expected from current quarter - EBITDA margin target maintained above 20%; cautious on pricing due to export market competition - Utilization expected to rise to ~75-80% in H2 FY27; Phase 1 utilization ~75% in FY28, Phase 2 50-60% in FY29 - Growth strategy includes expanding product portfolio, R&D investment, and localizing production for MNCs