Analysts/Institutional Investor Meet/Con. Call Updates

Date: 23.07.2026 BSE Limited, National Stock Exchange of India Ltd Phiroze Jeejeebhoy Towers, Exchange Plaza, 5th Floor, Plot No. C/1 Dalal Street, G-Block, Bandra-Kurla Complex, Mumbai-400001 Bandra(East) Mumbai-4000501 Scrip Code: 540795 Scrip Symbol: DYCL Sub: Transcript of the Conference Call for Un-audited Financial Results for Quarter ended June 30, 2026. Dear Sir/ Madam, Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find enclosed herewith the transcript of the conference call held on Monday, July 20, 2026 to discuss the Unaudited Financial Results for Quarter ended June 30, 2026. The transcript is also available on the Company’s website at https://www.dynamiccables.co.in/transcriptconcallQ1FY27.pdf This is for your information and records. Thanking you, Yours faithfully, For Dynamic Cables Limited Naina Gupta Company Secretary and Compliance Officer M. No. A56881 Encl.: as above Dynamic Cables Limited CIN: L31300RJ2007PLC024139 Regd. Office & Unit-1: F-260, Road No.13, VKI Area, Jaipur-302013 (INDIA) Ph: +91 141 2262589, 4042005 | Email:info@dynamiccables.co.in|Website:www.dynamiccables.co.in “Dynamic Cables Limited Q1 FY27 Earnings Conference Call” July 20, 2026 MANAGEMENT: MR. ASHISH MANGAL – MANAGING DIRECTOR – DYNAMIC CABLES LIMITED MR. MURARI LAL PODDAR – CHIEF FINANCIAL OFFICER – DYNAMIC CABLES LIMITED MR. GOVIND SABOO – INVESTOR RELATION ADVISOR – DYNAMIC CABLES LIMITED MODERATOR MS. NATASHA JAIN – PHILLIPCAPITAL INDIA PRIVATE LIMITED Page 1 of 16 Dynamic Cables Limited July 20, 2026 Moderator: Ladies and gentlemen, good day and welcome to the Dynamic Cables Limited Q1 FY27 Earnings Conference Call hosted by PhillipCapital India Private Limited. 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 this 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. Natasha from PhillipCapital. Thank you and over to you. Natasha Jain: Thank you, Ananya. Good afternoon everyone. On behalf of PhillipCapital, I, Natasha Jain, welcome all of you to the first quarter FY27 Earnings Conference Call of Dynamic Cables Limited. From the management, we have Mr. Ashish Mangal, Managing Director; Mr. Murari Lal Poddar, Chief Financial Officer; and Mr. Govind Saboo, IR Advisor. I request the management to give their opening remarks post which we shall open the floor for Q&A. Thank you and over to you, sir. Ashish Mangal: Hello, good afternoon everyone. I, Ashish Mangal, Managing Director of Dynamic Cables, extend a warm welcome to all of you to our earnings call. We are pleased to report a strong start to the new financial year '27 with the company delivering its highest ever first quarter revenue along with healthy growth in EBITDA and PAT. This performance reflects disciplined execution and improving product mix and sustained demand across both government and private sector projects. During the quarter, we also achieved an important milestone with our entry into the US markets, marking a significant step in expanding our global footprint and creating new opportunities for long-term growth. Our ongoing capacity expansion project is progressing as planned and we expect commissioning to commence from September '26. This expansion will enhance our manufacturing capabilities and support the next phase of growth. We continue to maintain a healthy order pipeline supported by strong investments in power transmission and distribution infrastructure, renewable energy, and industrial sectors and export traction. With robust demand visibility and our focus on operational excellence, we remain confident of sustaining our performance in the coming quarters. With that, I now invite our CFO to share the financial highlights for the quarter. Murari Lal Poddar: Thank you, sir. During the first quarter of FY27, company delivered a healthy financial performance with revenue growing by 33% year-on-year to its highest ever first quarter level. EBITDA increased by 41% to INR38 crores supported by improved operating leverage, a favourable product mix, and continued cost discipline. EBITDA margin improved to 10.9% reflecting enhanced operational efficiency, while profit after tax grew by 37% to INR25 crores. Customer-wise contribution in Q1 FY27 was around government sales 16%, private sales 71%, export 13%. Product-wise contribution in Q1 FY27 Page 2 of 16 Dynamic Cables Limited July 20, 2026 was HV cables 68%, LV cables 30%, conductor 2%. As of 30th June 2026, our order book stands at INR811 crores providing strong revenue visibility. Thank you and we are now open for questions. Moderator: Thank you very much. We will now begin the question-and-answer session. The first question is from the line of Sucrit D. Patil from Eyesight Fintrade Private Limited. Please go ahead. Sucrit D. Patil: Good afternoon to the team. I have two questions. My first question is with this quarter has shown considerable good growth in revenue, which is very good, but at the same time we know input costs for copper and aluminium have been volatile. I just want to understand from your point of view how do you see the company managing this balance on one side demand for cables is strong, but on the other side rising raw material prices could put pressure on your margins. How do you see the company protecting the profits if commodity costs remain high? That's my first question. I'll ask my second question after this. Thank you. Management: Yes, hi. So basically, we have two kinds of contracts with our customers, one is the fixed price contract and one is the variable price contract. So, in variable price contract, we have a clause built in for price variation. So, whatever is the increase or decrease in input cost for the cable, we pass it on to our customers and customers bear that volatility. And in the fixed price contract, whenever we take an order, we typically try to book the raw material at the same time so that our margins are not impacted. And this is how we are functioning for many years and this is how the industry is organized also. Sucrit D. Patil: Right. My second question is on a finance related. Financially, the company has delivered growth but working capital requirements in the cable business are always heavy. So, I'm just curious to know how you're going to approach this, keeping liquidity strong, managing debt levels, and still funding the growth if receivables stretch or borrowing costs rises. How do you see the company maintaining both growth investments and shareholder returns in this case? Thank you. Management: Yes, so valid point. It is a working capital-intensive business as you have rightly pointed out and we are also able to, we also try to optimize our working capital cycle by keeping our receivable days under control. So, we try to negotiate terms of trade and choose the right business which have favourable terms of trade with us. Fortunately, there has been enough opportunities whereby we can grow sustainably with financial discipline. So that has been a good sign for the company. Secondly, we try to manage our borrowing cost by improving our credit ratings so that we get a better borrowing cost or interest charges from our lenders and we are able to, that's how we are able to maintain our borrowing cost and working capital cycle as a whole. If you look at our past track record, we try to do around 4x plus our turnover, working capital turnover ratio is more than 4x compared to us, in our past track record if you look at it. Page 3 of 16 Dynamic Cables Limited July 20, 2026 Sucrit D. Patil: Thank you and best wishes. Management: Thank you. Moderator: Thank you. The next question is from the line of Piyush Sevaldasani from Sundaram Altern [Showing first 8,000 characters — download PDF for full document]