Analysts/Institutional Investor Meet/Con. Call Updates

E2E Networks Limited CIN- L72900DL2009PLC341980 Uppal's Genesis A-32, Block B, Mohan Cooperative Industrial Estate, Badarpur, New Delhi 110044 Email: cs@e2enetworks.com, Website https://www.e2enetworks.com/ Date: October 21, 2026 To, To, National Stock Exchange of India Ltd. (‘NSE’) The Manager- Listing Exchange Plaza, 5th Floor, BSE Limited, Plot No. C/1, G Block, Phiroze Jeejeebhoy Towers, Bandra - Kurla Complex, Bandra (E), Mumbai – 400 Dalal Street, Mumbai- 400 001 051, Maharashtra, India Maharashtra, India (Script Symbol: E2E) (Scrip Code: 544783) Sub: Transcript of Analysts/Investor Earnings Conference Call for Q2/FY27 Dear Sir/Madam, Pursuant to Regulation 30 of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 and other applicable Regulations, please find enclosed herewith the Transcript of Analysts/Investor Earnings Conference Call, which was held on Friday, October 16, 2026, at 4:00 P.M (IST) to discuss the Company’s Q2FY27 earnings. The aforesaid information shall also be made available on the website of the Company at https://www.e2enetworks.com/. Kindly take this on record. Thanking You, Yours faithfully, For E2E Networks Limited Ronit Company secretary & Compliance Officer ICSI M. No.: A59215 E2E Networks Limited Q2 FY27 Earnings Conference Call October 16, 2026 MANAGEMENT: MR. TARUN DU, MANAGING DIRECTOR MR. NITIN JAIN, CHIEF FINANCIAL OFFICER MODERATOR: MS. VANESSA FERNANDES – INVESTOR RELATIONS, ADFACTORS PR Page 1 of 17 E2E Networks Limited October 16, 2026 Moderator: Ladies and gentlemen, good evening and welcome to the E2E Networks Limited Q2 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 and then zero on your touchtone phone. I now hand the conference over to Ms. Vanessa Fernandes from the Investor Relations team at Adfactors PR. Thank you, and over to you, Vanessa. Vanessa Fernandes: Thank you, Myron. Good evening, everyone. On behalf of E2E Networks Limited, I would like to welcome you all to the Earnings Conference Call for the Second Quarter of FY 2027. Today on the call, we have with us from the management, Mr. Tarun Dua, Managing Director of E2E Networks; and Mr. Nitin Jain, Chief Financial Officer of E2E Networks. We will begin the call with brief opening remarks from the management, followed by a Q&A session. All participant lines will be in listen-only mode during the management's remarks, and the floor will be open for questions thereafter. Please note that certain statements made during this call may be forward-looking in nature. Such forward-looking statements are subject to risks and uncertainties that could cause actual results or projections to differ materially from those statements. E2E Networks will hold no responsibility for any actions taken based on such statements and undertakes no obligation to publicly update these forward-looking statements. I now hand over the call to Mr. Tarun Dua for his opening remarks. Over to you, Tarun. Tarun Dua: Hi, everyone. Thanks for joining us today in our second quarter Earnings Call for FY27. This has been another strong quarter for E2E Networks, where we have continued executing similar to the previous quarter. And this is still day zero of AI for us, as far as we can see. I would like to give a brief update on the previous quarter. So we signed a nearly INR1,000 crores deal with a Sovereign AI company for the Blackwell cluster, which lasts through June 2029. So this is something that improves the long-term revenue visibility and validates E2E's ability to transition the deployed capacity from a pay-as-you-go model to a longer-term commitment. Apart from this, this quarter, we have really focused on increasing the talent density within E2E in all areas of execution. So we have a new Chief Revenue Officer. We have also added a team to the Founder's Office. We also have a Field CTO to help our customers understand our solutions better. And all of this brings a lot of new experience from various facets of the industry. This strengthens the management and leadership team and primes us for the next wave of growth. Page 2 of 17 E2E Networks Limited October 16, 2026 Apart from the talent within E2E, we have also strengthened our Strategic Advisory team, where we would like to welcome Mr. Anandamoy Roychowdhary as a Strategic Advisor. Mr. Roychowdhary has been a part of the tech ecosystem of India for a very long time. He brings a lot of deep-rooted knowledge of how AI is being applied into the new ecosystem that is getting built. And his experience and perspectives would be really valuable in helping us identify many opportunities. And this will help shape our long-term growth strategy as well. Now we continue to invest very rapidly into our Sovereign AI platform, both on the side of TIR and on the side of Jarvis. I believe that the platform is the key to our future growth. This allows us to operate as a full-stack player, where we manage all the layers of Sovereign AI for our customers. And that allows them to use our GPU platform with confidence for not just training but also inference and the upcoming agentic workloads. And this, of course, requires some part of our GPUs to be used by our own teams rather than being completely sold out to end customers. This allows us to go forward in the future with boldness. Finally, about future growth, we have always maintained that we will continue to be both aggressive as well as prudent in terms of our capex deployment. We do not give speculative capex guidance. We prefer to inform everyone when we have sufficiently fructified and solidified our deployment plan. That's when we talk about the potential capex deployment upgrade that we are working on. I would now like to hand over the conversation to our CFO, Mr. Nitin Jain. He can talk about the recent financial updates for the last quarter. Over to you, Nitin. Nitin Jain: Thank you, Tarun. Good evening, everyone, and thank you for joining us today. I will walk you through our financial performance for the second quarter and first half of FY 2027. Q2 FY 2027 has been another strong quarter for E2E Networks. Revenue for the quarter stands at INR2,238 million, which is up by 411% year-on-year and 43% quarter-on-quarter. EBITDA stood at INR1,715 million, up 45% quarter-on-quarter with margin expanding to 76.6%. EBITDA margin expanded by 141 basis points compared to Q1 FY27. Profit before tax clocked at INR971 million compared to INR586 million in Q1, an increase of 66%. PAT stood at INR727 million compared to INR439 million in Q1 with PAT margin improving to 32.5% from 28%. Diluted EPS stands at INR3.48 compared to INR2.10 in Q1. The performance is driven by contribution from the Blackwell GPU, better utilization, and higher average realization across the GPUs. In H1 FY27, revenue is INR3,805 million, which is up by 376% year-on-year. EBITDA stands at INR2,894 million with a margin of 76%, which is 2.3 times the full year FY26 EBITDA. PBT stands at INR1,558 million compared to a loss of INR222 million in H1 FY26, and PAT stands at INR1,166 million compared to a loss of INR163 million in H1 FY26. Page 3 of 17 E2E Networks Limited October 16, 2026 I would now hand it back to the moderator for the question-answer session. Moderator: Thank you. We have the first question from the line of Keshav. Request you to please go ahead with your question. Tarun Dua: Hi. Keshav: Congratulations for a great quarter. Two questions. When are we expected to go live with our next B200s that were planned originally, and when can we expect revenue start from that? Tarun Dua: Yes. So the next lot of B200 which we have already announced is expected to go live this quarter, hopefully soon. And when it goes live, o [Showing first 8,000 characters — download PDF for full document]