Analysts/Institutional Investor Meet/Con. Call Updates

K u antum Papers ltd 03.11.2026 BSE Limited N a t i o n a l S tock Exchange of India Limited Phiroze Jeejeebhoy Towers E x c h a n g e Plaza Dalal Street P lo t N o . C /1, G Block, Mumbai 400 001 B a n d r a - K urla Complex, Bandra (East) Scrip Code: 532937 Mumbai 400 051 Scrip ID: KUANTUM T r a d i ng Symbol: KUANTUM Sub: Transcript of Q2 FY27 Earnings Conference Call Ref: Regulation 30 of SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015 Dear Sir/Madam, Pursuant to Regulation 30 & 46 of SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015, please find attached herewith, transcript of the Earnings Conference Call conducted on 30th October, 2026 to discuss Q2FY27 earnings and performance. The above information is also available on the website of the Company i.e. www.kuantumpapers.com and at weblink: https://www.kuantumpapers.com/wp- content/uploads/2026/11/Transcript-of-Q2-FY27-Earnings-Conference-Call-30.10.2026.pdf This is for your information and record please. Thanking you, Yours faithfully, For Kuantum Papers Limited (Gurinder Singh Makkar) Company Secretary & Compliance Officer M. No.: F5124 Kuantum Papers limited CIN -L21012PB1997PLC035243 Regd Office & Works Paper Mill Saila Khu rd 144 529 Distt Hoshiarpur Punjab Ph +911884 502737 Corp Office WlA FF Tower A Godrej Eternia Plot 70 lndl Area 1 Chandigarh 160 002 Ph +91172 5172737 €) kuantumpapers.com G> kuantumcorp@kuantumpapers.com G> kuantummill@kuantumpapers.com Kuantum Papers “Kuantum Papers Limited Q2 FY27 Earnings Conference Call” October 30, 2026 '\ Kuantum Papers MANAGEMENT: MR. PAVAN KHAITAN – VICE CHAIRMAN AND MANAGING DIRECTOR – KUANTUM PAPERS LIMITED MR. JAGDEEP HIRA – WHOLE TIME DIRECTOR AND CHIEF EXECUTIVE OFFICER – OPERATIONS – KUANTUM PAPERS LIMITED MR. VIKRAM KUMAR KHAITAN – CHIEF FINANCIAL OFFICER -- KUANTUM PAPERS LIMITED MS. PRACHI SHARMA – CHIEF STRATEGY OFFICER – KUANTUM PAPERS LIMITED MODERATOR: MR. NAVIN AGRAWAL – HEAD INSTITUTIONAL EQUITIES – SKP SECURITIES Page 1 of 17 Kuantum Papers Kuantum Papers Limited October 30, 2026 Moderator: Good afternoon, ladies and gentlemen. Welcome to Kuantum Papers 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 management opening remarks. Should you need assistance during the 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 Mr. Navin Agrawal, Head Institutional Equities from SKP Securities Limited. Thank you and over to you, sir. Navin Agrawal: Good afternoon, ladies and gentlemen. It's my pleasure to welcome you on behalf of Kuantum Papers and SKP Securities, to this financial results conference call. We have with us Mr. Pavan Khaitan, Vice Chairman and Managing Director; Mr. Jagdeep Hira, Whole Time Director and CEO, Operations, Mr. Vikram Kumar Khaitan, Chief Financial Officer and Ms. Prachi Sharma, Chief Strategy Officer. We'll have the opening remarks from the management, followed by a Q&A session. Thank you, and over to you, Pavan Ji. Pavan Khaitan: Thank you, Navin. Good afternoon, everyone. It's a pleasure to welcome you all to our earnings conference call for the second quarter and first half of the financial year 2027. I would like to thank all participants for joining us today. This quarter is traditionally the lean season for the paper industry, which was further impacted by a surge in cost of inputs. While domestic wood prices have softened due to improved availability, higher costs of agricultural materials and fuel costs, along with the impact of the West Asia war on chemical costs continue to exert pressure on margins, reinforcing the importance of operational efficiency and cost optimization by the industry. Moving to Kuantum's operational highlights, we achieved a key milestone in our ongoing modernization program with the successful commissioning of PM 3 on 28th August 2026, completing the rebuild in a record 59 days, against the planned shutdown period of 65 days. The upgraded machine incorporates advanced technologies including a film press, I-table, table vision, web break monitoring, a state-of-the-art calendaring system and an automatic starch cooking module. These enhancements are aimed at improving production efficiency, strengthening process control and delivering superior paper quality, further reinforcing our manufacturing capabilities and product competitiveness. We are proud to share that with this commissioning, all 4 paper machines have now been successfully upgraded and modernized in line with our mill upgradation plan. The plant also made meaningful progress in the fine tuning and optimization of the Double Displacement Digester System for wood pulping. The system has improved wood pulp yield by 1%, while we have seen a reduction in steam consumption from 1.8 metric tons to 0.8 metric tons per tonne of pulp. Page 2 of 17 Kuantum Papers Kuantum Papers Limited October 30, 2026 These improvements have enhanced raw material utilization and reduced energy consumption, strengthening our cost efficiency and overall manufacturing performance. At the plant level, we achieved our highest ever monthly copier paper production of 4,482 metric tons in August of 2026, reflecting our ability to cater to market demand for high-quality A4 paper. During the quarter, we also undertook a major overhaul of our 20-megawatt turbine generator and one 30-ton per hour boiler with the objective of enhancing equipment efficiency, reducing energy consumption and ensuring reliable sustainable plant operations. Additionally, under our Total Cost Management initiative, we implemented a single vendor chemical solution across both Agro Pulp Mill and Hardwood Pulp Mill delivering cost savings and further strengthening our focus on operational efficiency and cost optimization. On the product development front, our research and development team completed the development protocol for PFAS-free 40 GSM Oil & Grease Resistant paper for food wrapping purposes and this paper has been commercially launched in the market in Q3. This strengthens our specialty paper product portfolio and supports our focus on developing value-added products for the evolving customer requirements. Sustainability continues to be integral part of our long-term strategy. During the quarter, we achieved our highest ever clonal saplings production of 17.93 lakh saplings. We also added about 2,300 acres under our social farm forestry program during this quarter, taking our total plantation coverage to over 22,000 acres. These initiatives reinforce our commitment to developing sustainable sources of raw materials and responsible resource management. Going forward, our focus remains on maximizing the benefits of our upgraded manufacturing infrastructure, driving cost efficiencies and expanding our value-added specialty paper portfolio to support sustainable, profitable growth. With that, I would now like our CFO, Vikram Khaitan, to take you through the financial performance for the period under review. Over to you. Vikram Khaitan: Thank you, sir, and good afternoon, everyone. Let me now take you through the financial performance for the second quarter of financial year 2027. For the second quarter of financial year 2027, operational income stood at INR279 crores, declining 8% quarter-on-quarter. This was primarily due to planned shutdown of one of our paper machine lines for upgradation and modernization, which impacted both production and sales volume. EBITDA stood at INR35 crores with EBITDA margins moderating by 84 basis points to 12.4%. This was primarily due to lower net selling realization during the seasonally lean demand period, coupled with higher raw material and fuel costs amid the ongoing West Asia conflict. Profit after tax for the quarter stood at INR2 crores with P [Showing first 8,000 characters — download PDF for full document]