General Updates

27th October, 2026 To To Sr. General Manager Sr. General Manager Listing Department Listing Department BSE Limited National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers Exchange Plaza, C-1, Block G Dalal Street Bandra Kurla Complex Mumbai – 400 001 Bandra (E), Mumbai – 400 051 Scrip code: 544949 Scrip symbol: SWASTIKAIN Subject: Transcript of the Conference Call for Un-audited Financial Results for the Half year ended September 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 Wednesday, October 21, 2026 to discuss the Unaudited Financial Results for half year ended September 30, 2026. The transcript is also available on the Company’s website at https://swastikainfra.com/PDF/disclosures/Arihant-SwastikaInfra-Oct21-2026%20Transcript.pdf. Kindly take the same on your record. Thanking you, Yours faithfully, For Swastika Infra Limited Shipra Gandhi Company Secretary and Compliance Officer Membership No.: A68405 Address: Plot no.14 &15, First Floor, Gajraj Apartment Motilal Atal Road, Opposite Hotel Neelam, Jaipur – 302 001 Rajasthan, India Encl.: as above “Swastika Infra Limited Q2 FY27 Earnings Conference Call” October 21, 2026 MANAGEMENT: MR. VINAY GUPTA – MANAGING DIRECTOR MR. BIREN PARNAMI – CHIEF FINANCIAL OFFICER MR. GOVIND SABOO – ADVISOR MODERATOR: MS. KHUSHI SOLANKI – ARIHANT CAPITAL MARKETS LIMITED Page 1 of 12 Swastika Infra Limited October 21, 2026 Moderator: Ladies and gentlemen, good day, and welcome to Swastika Infra Limited Q2 FY27 Earnings Conference Call, hosted by Arihant Capital Markets Limited. This conference call may contain forward-looking statements about the company, which are based on the beliefs, opinions, and expectations of the company as on date of this call. These statements are not the guarantee of future performance and involve risks and uncertainties that are difficult to predict. 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 Ms. Khushi Solanki from Arihant Capital. Thank you, and over to you, Khushi. Khushi Solanki: Thank you. Good afternoon, everyone. On behalf of Arihant Capital, I welcome you to the earnings of Swastika Infra Limited Quarter 2 FY27 conference call. From the management side today, we have Mr. Vinay Gupta, Managing Director; Mr. Biren Parnami, Chief Financial Officer; Mr. Govind Saboo, Advisor. We welcome the management of Swastika Infra Limited on this call. Now I invite Mr. Vinay Gupta to give the opening remarks, following which we will open the floor for Q&A. Over to you, sir. Vinay Gupta: Good afternoon, everyone. It gives me great pleasure to welcome all of you to the maiden analyst call of Swastika Infra Limited. As this is our first formal interaction with the analyst community, we look forward to building a long-term relationship and providing a deeper understanding of our business and growth journey. For those interacting with us for the first time, Swastika Infra is a Jaipur-headquartered power transmission and distribution EPC company providing turnkey solutions across the power distribution including substations, transmission infrastructure, and renewable energy. Our journey began in 1969 as a trading business, and over the years, we have progressively built our capabilities in electrical EPC. Through consistent execution, we have expanded our geographical presence, strengthened our pre-qualification credentials, and moved towards larger-value projects. Today, we operate across nine states, and we are expanding our presence across the power infrastructure value chain. A key differentiator for us has been our execution capabilities. In our business, building credentials, completing projects successfully, and qualifying for larger tenders takes time and consistent performance. Our focus has been on developing these capabilities while maintaining disciplined project selection and execution. The recent listing of Swastika Infra on the NSE and BSE marks an important milestone in our journey. With a stronger platform and growing opportunities in India's power infrastructure sector, we are focused on scaling our operations, pursuing larger-value projects, and expanding our footprint in transmission and renewable energy. Page 2 of 12 Swastika Infra Limited October 21, 2026 Our unexecuted order book has increased to approximately INR1,420 crores, providing strong business visibility. As we move forward, our priority remains converting this order book into revenue through timely execution, strengthening our geographic presence, and maintaining financial and operating discipline. With that, I would like to hand over to our CFO, who will take you through our financial performance and key developments in greater details. Thank you for joining us today. We look forward to an engaging and constructive discussion. Thank you. Thank you so much. Over to Biren Parnami, our CFO. Biren Parnami: Hello. Good afternoon, everyone. I will briefly take you through our financial performance and key developments. From FY22 to FY26, Swastika Infra has delivered strong growth with revenue increasing from INR59 crores to INR504 crores, representing a CAGR of approximately 71%. Our EBITDA grew at a CAGR of 77% to INR71 crores, while our PAT grew at 94% to INR41 crores. EBITDA margins improved to 14.1% in FY26, reflecting our growing scale and executing capabilities. In H1 FY27, we reported a revenue of INR207 crores, EBITDA of INR35 crores, and PAT of INR20 crores, registering year-on-year growth of 5% on revenue, 28% on EBITDA, and 36% on PAT respectively. Our Quarter 2 performance was particularly encouraging, with revenue growing 42% to INR188 crores, EBITDA rising 62% to INR27 crores, and PAT increasing 75% to INR16 crores. Looking ahead, our unexecuted order book of approximately INR1,420 crores equivalent to 2.8x FY26 revenue times, providing strong business visibility. Our focus remains on efficient order execution, sustainable margins, and prudent working capital management as we scale the business. With that, we are now open for Q&A. Thank you. Moderator: Thank you so much, sir. Ladies and gentlemen, we will now begin with the question-and-answer session. Thank you, Maitri Shah with Sapphire Capital, please go ahead. Maitri Shah: Yes. Hello, sir. Firstly, just some clarity on the order inflows that we received in quarter two. Could you provide me a number, what sort of orders we kind of added to our order book in quarter two? Management: During the year, we have added around INR950 crores of new orders booking, which has been done during the year. Maitri Shah: So this is -- okay. So this is in the past six months, we've added INR900 crores of orders? Management: Last six months. Yes. Yes, absolutely. Maitri Shah: Okay, got that. And going forward --Yes, sorry. Please go ahead. Hello? Management: Yes. Page 3 of 12 Swastika Infra Limited October 21, 2026 Maitri Shah: Yes. Also, any sort of guidance you have for the rest six of the months? What sort of order book we're looking at by the end of FY27? And what sort of execution are we looking at for FY27? Yes, just some color on that. Management: Basically, H2 is a heavy quarter for us, H2 or the heavy half for us on the basis of seasonality. This is because of the industry-wide practice in specially in the power T&D space, as you are aware about it. So, largely, we expect and secondly, what has happened is that the order book has swelled up recently. So, in end of Q2, we received a large order of INR600 crores, approximately from Maharashtra. That was a huge ord [Showing first 8,000 characters — download PDF for full document]