Transcript of Earnings Call held on Wednesday, July 20, 2026

South West Pinnacle Exploration Ltd (Formerly known as South West Pinnacle Exploration Pvt Ltd) CIN NO.: L13203HR2006PLC049480 Regd & Corp Office: Ground Floor, Plot No.15, Sector-44, Gurgaon 122003, Haryana, India. T: +91 124 4235400, 4235401 F: +91 124 4235402 ISO 9001: 2015 Certified Company E: info@southwestpinnacle.com W:www.southwestpinnacle.com Date: July 24, 2026 To, To, Listing Department Listing Department National Stock Exchange of India Ltd. Bombay Stock Exchange Limited Exchange Plaza, Phiroze Jeejeebhoy Towers, 5th Floor, Plot No. C/1, G Block, Dalal Street, Mumbai-400001 Bandra- Kurla Complex Scrip Code: 543986 Mumbai 400051 SYMBOL: SOUTHWEST Subject: Transcript of Earnings Call held on Wednesday, July 22, 2026. Ref.: Our earlier intimation dated July 22, 2026-Earnings Call on Unaudited Financial Results for Quarter ended June 30, 2026. Dear Sir/Madam, In continuation to our earlier intimation dated July 22, 2026 and pursuant to Regulation 30 read with Schedule III (Para A) (15) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we wish to submit the transcript of the Earnings Call held on Wednesday, July 22, 2026, for the quarter ended June 30, 2026. The transcript of the Earnings Call is also available on the Company’s website www.southwestpinnacle.com. This is for your information and record. Thanking You, For South West Pinnacle Exploration Limited Vaishali Company Secretary & Compliance Officer South West Pinnacle Exploration Limited Q1 FY 2027 Earnings Conference Call July 22, 2026 Moderator: Ladies and gentlemen, good day and welcome to the South West Pinnacle Exploration Limited Q1 FY27 Earnings Conference Call. As a reminder, all participants’ lines will be in the listen-only mode. There will be an opportunity for you to ask questions after the presentation concludes. Should you need any assistance during this conference, please signal the operator by pressing “*”and then “0” on your touchtone telephone. I now hand the conference over to Ms. Purvangi Jain from Valorem Advisors for opening remarks. Thank you, and over to you, ma'am. Purvangi Jain: Thank you. Good evening everyone and a very warm welcome to you all. My name is Purvangi Jain from Valorem Advisors. We represent the investor relations of South West Pinnacle Exploration Limited. On behalf of the company, I would like to thank you all for participating in the company's Earnings Call for the 1st Quarter of the Financial Year 2027. Before we begin, a quick cautionary statement: Some of the statements made in today's Earnings Conference Call may be forward-looking in nature. Such forward-looking statements are subject to risks and uncertainties, which could cause actual results to differ from those anticipated. Such statements are based on management's belief as well as assumptions made by and information currently available to the management. Audiences are cautioned not to place any undue reliance on these forward- looking statements in making any investment decisions. The purpose of today's conference call is purely to educate and bring awareness about the company's fundamental business and financial quarter under review. Now let me introduce you to the Management participating with us in today's Earnings Call: We have with us Mr. Vikas Jain – Managing Director and Chairman, and Mr. Piyush Jain – Joint Managing Director. Without any delay, I request Mr. Piyush Jain to start with his opening remarks. Thank you and over to you, sir. Page 1 of 18 Piyush Jain: Thank you, Purvangi, and good evening to everyone and a very warm welcome to all of you for joining our Earnings Conference Call. It's a pleasure to connect with you all today and share how South West Pinnacle Exploration Limited has been progressing. As some of you may be new to our company, I would like to begin with a brief overview about the company and then move to our financial performances for the 1st Quarter of the financial year. South West Pinnacle is one of India's leading private exploration and drilling service providers, offering end-to-end integrated solutions across a broad spectrum of services, including coal and non-coal mineral exploration, aquifer mapping, coal bed methane exploration and production drilling, 2D and 3D seismic exploration, seismic exploration using passive seismic tomography, underground core drilling, and coal business operations. Over the last 19 years, we have built a strong track record of operational excellence, having successfully completed more than 165 projects across India and select international markets as well. We currently operate a fleet of 43 advanced drilling rigs, supported by a team of experienced geoscientists and specialized geophysical and logging equipment. We have successfully drilled over 3.3 million meters without a single lost time injury, reflecting our unwavering commitment to safety, operational excellence, and disciplined execution. Our marquee clientele includes Reliance Industries, Vedanta, Oil India Ltd., ONGC, CMPDI, CGWB, Hindustan Copper, Hindustan Zinc Ltd., and Hindalco, among others. We are currently executing 20 ongoing projects across various regions in India. I would like to highlight some of the key operational developments during this quarter: Our total order book has reached an all-time high of INR 761 crores, providing strong revenue visibility for the coming quarters. During the quarter, we commenced execution of our largest ever order, valued at 307 crores, received from Hindustan Zinc in the state of Rajasthan. We also secured an extension of our coal-backed methane contract from Reliance Industries Ltd., valued at over INR 166 crores, further strengthening our long-term revenue visibility. Approximately 77% of our order book comprises private sector clients, reflecting the continued improvement in the quality of our order mix and supporting better cash flow and working capital efficiently. To support our growing business requirements, we have placed orders for additional drilling rigs and other equipment, further strengthening our execution capabilities. During the quarter, we were also empaneled by Oil India Limited for providing 2D and 3D seismic data acquisition services across Oil India Limited's onshore blocks, opening up new Page 2 of 18 opportunities in the seismic exploration segment and further strengthening our presence in the Oil India exploration space. With this, I would now request our Chairman and Managing Director – Mr. Vikas Jain, to take you through the operational highlights for the period. Vikas Jain: Thank you, Piyush, and good evening, everyone. Let me first brief you on our financial performance for the quarter, for the financial year 2027, followed by which I will provide you some of the key operational highlights for this period under review as well. I am pleased to share that Q1 FY27 was one of our best-ever quarters. The operating revenue for the 1st Quarter was INR 62 crores, representing a 54% increase year-on-year. The EBITDA stood at INR 15 crores, an increase of 157% year-on-year, while the EBITDA margin was around 24.15%. The net profit after tax was INR 9.3 crores, compared to INR 2.5 crores Q1 FY26, which is a remarkable 289% increase on a year-on-year basis. The strong financial performance for the quarter reflects our team's consistent execution, operational discipline and continued focus on efficiency. Our diverse business mix has enabled us to optimize resources, drive profitability and maintain resilience across market cycles, despite seasonal challenges. Our team ensured timely execution across all projects and maintained strong growth momentum. As many of you may know, we were awarded a Coal Block in Jharkhand by the Ministry of Coal. I am pleased to share that we have made significant progress on this project during the quarter. We have successfully completed the exploration activities, and the definite geological report is currently under preparation fo [Showing first 8,000 characters — download PDF for full document]