The Written transcript of the post earning conference call for Q2 & H1 FY 2027 is submitted

October 22, 2026 To To The General Manager The General Manager Department of Corporate Services, Department of Corporate Services, BSE Limited National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers, Exchange Plaza, Bandra Kurla Complex, Dalal Street, Fort Mumbai – 400 001 Bandra (East), Mumbai – 400 051 Scrip Code: 544253 Symbol: KROSS Sub - Submission of Transcript of Earnings Conference Call held on October 19, 2026 Dear Sir/Ma’am, Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find enclosed herewith the transcript of Earnings Conference Call held on Monday, October 19, 2026 This is for your information and record. Thanking You, For Kross Limited Debolina Karmakar Company Secretary and Compliance Officer ACS 62738 “Kross Limited Q2 & H1FY‘27 Post Earnings Conference Call” October 19, 2026 MANAGEMENT: MR. SUDHIR RAI – CHAIRMAN AND MANAGING DIRECTOR – KROSS LIMITED MR. SUMEET RAI – WHOLE-TIME DIRECTOR – KROSS LIMITED MR. KUNAL RAI – WHOLE-TIME DIRECTOR – KROSS LIMITED KAPTIFY CONSULTING, INVESTOR RELATIONS ADVISOR – KROSS LIMITED MODERATOR: MR. RONAK JAIN – EQUIRUS SECURITIES Page 1 of 13 Kross Limited October 19, 2026 Moderator: Ladies and gentlemen, good day, and welcome to Kross Limited Q2 FY '27 Earnings Conference Call hosted by Equirus Securities 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 the conference call, please signal an operator by pressing star then zero on your touch-tone phone. Please note that this conference is being recorded. I now hand the conference over to Mr. Ronak Jain from Equirus Securities. Thank you, sir, and over to you. Ronak Jain: Good afternoon, everyone. On behalf of Equirus Securities, I welcome you all to the Q2 FY '27 Post Results Earnings Conference Call of Kross Limited. From the management side, we have with us Mr. Sudhir Rai, Chairman and Managing Director; Mr. Sumeet Rai, Whole-Time Director; and Mr. Kunal Rai, Whole-Time Director. I'll now hand over the call to Kunal, sir, for his opening remarks. Over to you, sir. Sudhir Rai: Okay. I'm Sudhir here. Good afternoon to everyone. Thank you for joining us on the earnings calls of Kross Limited for the second quarter and half yearly ended September 30, '26. Alongside me, I have Sumeet Rai, Whole-Time Director; Kunal Rai, Whole-Time Director; along with other members of our management and our Investor Relations advisor, Kaptify Consulting. I am pleased to share that Kross Limited has continued to build on the strong momentum recorded in Q1 FY '27. During Q2 FY '27, revenue from operations stood at INR235 crores, registering a growth of 80%. EBITDA was INR 30.6 crores and EBITDA margins of 13%, while profit after tax stood at INR (197) million, reflecting to a year-on-year change of 143%. H1, FY '27, revenues from operations stood at INR419 crores, EBITDA at INR53 crores and profit after tax at INR33.16 crores. The investments we have made in the capacity expansion and operational capabilities are beginning to support our growth, and we expect the utilization of these expanded capacities to improve over the coming quarters. The company is completely focused on capacity expansion and gearing up for the coming years, which is also witnessed by a preferential issue to the tune of INR63.6 crores. The sequential improvements in volumes, particularly in the commercial vehicles and trailer segment support our operating performance quarter during this quarter. While we have witnessed some pressures from rising consumable and commodity costs, the price revisions, including -- concluded with the OEMs and Tier 1 customers are expected to support us during the Q3 and Q4. We continue to focus on cost disciplines, process efficiency and higher utilization of capacities we have created. Let me now share a few updates on our business segments and its key performances. M&HCV and commercial vehicles. The momentum in the commercial segment has continued with robust demand indicated by the OEMs. Based on our current indication, we expect Q3 and Q4 volumes to be stronger than Q2. Overall volumes and historically also H2 is always 20% up on H1. With the improvement in commercial vehicle volumes, the tractor trailer segment is also performing well, too. Our Q2 volumes have exceeded the earlier record levels of Q4 of '26. Page 2 of 13 Kross Limited October 19, 2026 Trailer segment and extruded axle beams. Commercial vehicles -- commercial production of our extruded axle beam has commenced and the capacity utilization of this is approximately 80% of our current output. This initiative is expected to provide us cost benefit and strengthen our manufacturing capabilities. This particular aspect of business by Q3 or Q4, we will be producing our trailer axles in this methodology only by the extruded beam process. Agri segment. Demand in the Agri segment has remained consistent. We expect this momentum to continue into Q3, supported by relatively lower inventory levels of tractors in the market. Exports continue to make focused efforts to expand our export business. Exports now contribute approximately 8% of our component business. We remain committed to building a broader customer base and increasing the contribution of exports in our overall business. Year-on-year, we expect this year to be 45% higher than our previous year. With these remarks, I would like to hand it over to Sumeet Rai to take through our expansion and other initiatives. Sumeet Rai: Hi, everyone. I'd like to talk about our capacity expansion and new initiatives and also an outlook on the industry. Our capacity expansion program continues to progress. We have a focus on backward integration, improving cost competitiveness and creating capacities for our future growth plans. Our seamless tube facility is progressing as per schedule. The sizing mill and straightening mills have been received and installed, and we plan to undertake production trials in February or March of 2027. This facility is expected to broaden our product capabilities and support our long-term growth plans. The company further envisages expansion through strategic increase in axle shaft production, forward integration into manufacturing by making Cold Drawn Tubes and enhanced investment in robotic automation for forging operations as well as machining facilities. These initiatives are proposed to be undertaken and financed through the ongoing preferential issue, thereby strengthening the company's technological capabilities, operational efficiency and value-added product portfolio. Looking ahead at this industry, we remain optimistic about the demand across our industries. The continued momentum in commercial vehicles, healthy tractor demand and the planned ramp-up for our new products provide good opportunities of growth for us. With this, I'll hand over the call to Kunal to walk you through our financial performance. Kunal Rai: Good afternoon, everybody. I would like to take you through the key financial highlights for both the quarter 2 as well as H1 of FY '27. Firstly, on the quarter, which has just ended, September 30, 2026, our revenue from our operations stood at INR235 crores, registering a growth of 80% Y-o-Y. EBITDA for this quarter was at INR30.6 crores with a margin of 13%. PBT is at INR (26.95) crores, which has changed and increased by more than 100%. Our PAT stands at INR19.69 crores. If you look into our sales segment mix for this specific quarter, our trailer segment has contributed close to 49% of our revenue, while the component business contributed the balance 51%. Page 3 of 13 Kross Limited October 19, 2026 If we look into the H1 highlights, the revenue total stands at INR419.4 crores as compared to INR270 crores of last year. EBITDA stands at INR53.32 crores and PAT stands at INR33.16 cror [Showing first 8,000 characters — download PDF for full document]