Analysts/Institutional Investor Meet/Con. Call Updates

Sec/Coat/0041/FY 2026-27 Dated: 18.07.2026 The Secretary The Manager BSE Limited National Stock Exchange of India Limited New Trading Wing, Exchange Plaza, C-1, Block “G” Rotunda Building, 5th floor, Bandra Kurla Complex, PJ Tower, Dalal Street, Bandra East, Mumbai- 400001 Mumbai- 400051 Scrip Code: 539046 Symbol: MANAKCOAT Dear Madam/Sir, Sub : Transcript of the Earnings Conference Call on Unaudited Financial Results of the Company for the quarter ended June 30, 2026 In continuation to our Letter dated 6th July, 2026 and pursuant to Regulation 30(6) and Regulation 46(2)(oa) read with Schedule III of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the transcript of the Earnings Conference Call on Uaudited Financial Results (Consolidated and Standalone) of the Company for the quarter ended June 30, 2026 is available on the website of the Company at www.manaksiacoatedmetals.com. We request you to take the same on record. This is for your information and for public at large. Thanking you, Yours faithfully, For Manaksia Coated Metals & Industries Limited Shruti Agarwal Company Secretary & Compliance Officer Membership No. : F12124 “Manaksia Coated Metals & Industries Limited Q1 FY27 Earnings Conference Call” July 15, 2026 MANAGEMENT: MR. KARAN AGRAWAL – WHOLE-TIME DIRECTOR – MANAKSIA COATED METALS & INDUSTRIES LIMITED MR. MAHENDRA BANG – CHIEF FINANCIAL OFFICER – MANAKSIA COATED METALS & INDUSTRIES LIMITED MR. TUSHAR AGRAWAL – SENIOR VICE-PRESIDENT – MANAKSIA COATED METALS & INDUSTRIES LIMITED MODERATOR: MS. SANA KAPOOR – GO INDIA ADVISORS Page 1 of 16 Manaksia Coated Metals & Industries Limited July 15, 2026 Moderator: Ladies and gentlemen, good day, and w0elcome to Manaksia Coated Metals & Industries Limited Q1 FY27 Earnings Conference Call. As a reminder, all participant lines will be in the listen-only mode and there will be an opportunity for you to ask questions after the presentation concludes. Should you need assistance during the conference call, please signal an operator by pressing star then zero on your touchtone phone. Please note that this conference is being recorded. I now hand the conference over to Ms. Sana Kapoor from Go India Advisors. Thank you, and over to you, Ms. Kapoor. Sana Kapoor: Thank you, Renju. Good afternoon, everyone and welcome to Manaksia Coated Metals & Industries Limited Earnings Call to discuss Q1 FY27 financial performance. Today, we are joined by Mr. Karan Agrawal, Whole-Time Director; Mr. Mahendra Bang, Chief Financial Officer; and Mr. Tushar Agrawal, Senior Vice President. We must remind you that the discussion on today's call may include certain forward-looking statements and must be, therefore, viewed in conjunction with the risks that the company faces. May I now request Mr. Karan Agrawal to take us through the company's business outlook and financial highlights, subsequent to which we will open the floor for Q&A. Thank you, and over to you, sir. Karan Agrawal: Thank you, Sana. Good afternoon, everyone, and a warm welcome to our Q1 FY '27 earnings call. I, Karan Agrawal, Whole-Time Director of the company, sincerely thank all our analysts, investors and stakeholders for taking the time today to join us. Today, we will take you through our financial and operational performance for the quarter ended 30th June 2026. Following my opening remarks, Mr. Tushar Agrawal will provide updates on our operational progress and strategic progress, after which we will open the floor for questions. Our financial results, investor presentation, and press release have already been uploaded on the company's website and the stock exchanges. Q1 of FY27 has been a strong quarter for us and honestly a rewarding one after the challenges of the second half of FY26. Those of you who were on our last call will recall that Q3 saw a planned month-long plant shutdown for the Alu-Zinc technology upgrade and Q4 was hit by a sharp cost escalation from the Middle East conflict. Fuel, freight and everything related to petrochemicals moved up very quickly, and there was very little time to adjust prices. All of these were real headwinds. This quarter, the plant ran without any disruption. Fuel supply was fully restored and the new Alu-Zinc line has settled into stable production. What's equally important, and we'll come back to this, is that all the new orders in Q1 were priced to fully cover the current cost environment with the margin buffer on top. That shift in pricing has made a significant difference to our unit economics, and you'll see that in the numbers. Performance highlights for the quarter: revenue and realization. Consolidated revenue for the quarter was INR263 crores, up 15% quarter-on-quarter and about 3.6% year-on- year. Page 2 of 16 Manaksia Coated Metals & Industries Limited July 15, 2026 The more interesting number though is our price realization per ton, which improved to INR88,597 per ton from INR79,180 per ton in Q4 of FY '26, nearly 12% higher. That's partly mix, more Pre-Painted and Alu-Zinc, and partly better pricing on new orders. EBITDA and margins. EBITDA came in at INR29.08 crores, up 86% quarter-on-quarter with margin recovering 422 basis points to 11.06%. The number we are most pleased about is EBITDA per ton, where at INR10,400 per ton is the highest we've ever recorded better than last year's Q1. This tells us that when business is running normally and pricing is right, the unit economics are very healthy. Bottom line, PBT was INR18.93 crores recovering 197% quarter-on-quarter. Profit after tax was INR14.10 crores, up 163% quarter-on-quarter. PAT margin improved 301 basis points to 5.36% and EPS grew 102% quarter-on-quarter to INR1.31 per share. Cash profit, which is PAT plus depreciation was INR17.40 crores, up 115% quarter-on-quarter, which gives us comfort on the actual cash generation side. On finance costs, we brought back down 11.8% year-on-year to INR6.86 crores, a good outcome given the higher asset base from our Alu-Zinc investment. The most notable point here is that all new orders placed during Q1 are priced to fully cover today's raw material and freight costs with a buffer margin built in. This is not something we could do as quickly in Q4 given how suddenly the cost moved up. The fact that this is now in place gives us reliable and predictable EBITDA guidance going into Q2 and the rest of the year. Operations and exports. On the production side, Alu-Zinc output was 27,941 tons for the quarter, which is 8% higher quarter-on-quarter. With the new line at 62% capacity utilization and ramping up steadily, Pre-Painted production was 20,510 tons and ran at 95.4% utilization, essentially full capacity, which is a strong demand signal. Total sales were 27,938 metric tons with 74% contribution from Pre-Painted Steel and 26% contribution from Alu-Zinc. Our exports were a standout, 65% of the total volume, which is 18,221 metric tons for the contribution from exports, with export of Pre-Painted Steel growing at 25% year-on-year and export revenue growing 20% year-on-year. We also entered 4 new international markets during Q1: Latvia, Brazil, Jamaica, and Somalia, and this broadens our global base considerably. I would like to now hand over the opening remarks to Mr. Tushar Agrawal to speak about our strategic projects and future outlook. Thank you very much. Tushar Agrawal: Good afternoon, everyone. I'll be taking you through the strategic projects taken up by the company. The second color coating line. This is in advanced stages of production and commissioning with Q2 FY '27 as our target. It takes our total Pre-Painted capacity from 86,000 tons to 236,000 tons per annum, a 174% increase. Given our existing line is at near full capacity utilization, the demand is already waiting for this capacity. This is the most significant near-term revenue catalyst for us. The 7-megawatt captive solar power plant also targeted for Q2 FY '27, once commissioned, it offsets 50% to 55% of our gr [Showing first 8,000 characters — download PDF for full document]