Analysts/Institutional Investor Meet/Con. Call Updates

Sec/Coat/0072/FY2026-27 Dated:04.11.2026 TheSecretary TheManager BSELimited NationalStockExchangeofIndiaLimited NewTradingWing, ExchangePlaza,C-1,Block“G” RotundaBuilding, 5 floor,BandraKurlaComplex, PScJrTiopwCeor,dDea:l5a3lS9t0r4ee6t, BSyamndbroalE:MasAt,NAKCOAT Mumbai-400001 Mumbai-400051 DearMadam/Sir, Sub:TranscriptoftheEarningsConferenceCallonUnauditedFinancialResultsoftheCompanyforthequarter ansHalfyearendedSeptember30,2026 In continuation to our previous Letter dated and pursuant to Regulation 30(6) and Regulation 46(2)(oa) read with ScheduleIIIofSEBI(ListingObligationsandDisclosureRequirements)Regulawtiwonws.,m2a0n1a5k,stihaecotaratendsmcreiptatlos.fcothme.Earnings ConferenceCallon Uaudited Financial Results (Consolidated and Standalone) of the Company for the quarter and half yearendedSeptember30,2026isavailableonthewebsiteoftheCompanyat Werequestyoutotakethesameonrecord. Thisisforyourinformationandforpublicatlarge. TFohranMkainngakyosuia, CoatedMetals&IndustriesLimited Yoursfaithfully, ShrutiAgarwal CompanySecretary&ComplianceOfficer MembershipNo.:F12124 “Manaksia Coated Metals & Industries Limited Q2 FY '27 Earnings Conference Call” November 02, 2026 MANAGEMENT: MR. KARAN AGRAWAL – WHOLE-TIME DIRECTOR, MANAKSIA COATED METALS & INDUSTRIES LIMITED MR. MAHENDRA BANG – CHIEF FINANCIAL OFFICER, MANAKSIA COATED METALS & INDUSTRIES LIMITED MODERATORS: MS. SANA KAPOOR – GO INDIA ADVISORS LLP Page1of 17 ManaksiaCoatedMetals&IndustriesLimited November02,2026 Moderator: Ladiesand gentlemen, good day and welcome to Q2 H1 FY '27 Earnings Call for Manaksia CoatedMetals&IndustriesLimitedhostedbyGoIndiaAdvisorsLLP. 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 “*”, then “0” on yourtouch-tonephone.Pleasenotethatthisconferenceisbeingrecorded. InowhandtheconferenceovertoSanaKapoor.Thankyouandovertoyou. SanaKapoor: Thankyou.Goodafternoon,everyoneandwelcome toManaksiaCoatedMetals&Industries Limited's Earnings Call to discuss Q2 and H1 FY '27 financial performance. Today, we are joined by Mr. Karan Agrawal - Whole-Time Director and Mr. Mahendra Bang - Chief FinancialOfficer. We must remind you that thediscussionon today's call may include certain forward-looking statementsandmustbethereforeviewedinconjunctionwiththerisksthatthecompanyfaces. MayInowrequestMr.KaranAgrawaltotakeusthroughthecompany'sbusinessoutlookand financialhighlights,subsequenttowhichwewillopenthefloorforQ&A.Thankyouandover toyou,sir. KaranAgrawal: Thank you, Sana. Good afternoon everyone and a warm welcome to our Q2 and H1 FY '27 EarningsCall.I,KaranAgrawal–Whole-TimeDirectorofthecompany,wouldliketothank alltheanalysts,investorsandstakeholdersfortakingthetimetojoinustoday. Wewill takeyouthroughourfinancial andoperational performancefor thequarterandhalf- year ended 30th September 2026 and we will discuss updates on our strategic project and futureoutlook.Wewillthenopenthefloorforquestions. Ourfinancialresults,investorpresentationandpressreleasehavealreadybeenuploadedonthe company's website and the stock exchanges. I hope you have had the chance to review the same. Q2FY'27hasbeenastrongquarterforthecompanywithrecordrevenue,EBITDAandprofit after tax for both the quarter and the half-year. We have continued to build on the progress made on Q1 with improved realizations, a stronger contribution from value-added products and sustained demand across our export markets. The operating environment remains challengingwithgeopoliticaluncertaintiesandelevatedcostsofrawmaterialsandfreightcosts. Our focus has therefore remained on pricing discipline and ensuring that new orders adequately reflect the prevailing cost environment. We also adopted break-bulk shipping for large-scale exports to Europe to mitigate the impact of high container freight costs. These Page2 of17 ManaksiaCoatedMetals&IndustriesLimited November02,2026 measures along with improved realizations and our focus on value-added products have supportedourperformanceduringthequarter. Financialperformance: TotalincomeforQ2FY'27stoodatRs.321.55croresregisteringagrowthof22.2%quarter- on-quarterand43.8%year-on-year.ForH1ofFY'27,totalincomeincreased22.4%year-on- year to Rs. 584.62 crores. Realization per ton improved to Rs. 95,291 per ton during the quarter, an increase of 7.6% sequentially and 8.3% year-on-year. This improvement reflects ourcontinuedfocusonproductpremiumization,favorableproductmixanddisciplinedpricing. EBITDA for Q2 FY '27 increased by 26.9% quarter-on-quarter to Rs. 36.91 crores while EBITDAmarginimprovedto11.48%from11.06%inQ1. ForH1FY'27,EBITDA stoodat Rs. 66crores,registering agrowthof 13.7%year-on-year. EBITDApertonincreasedtoRs.11,536pertoninQ2ofFY'27,whichisanincreasefromRs. 10,411 in the previous quarter. This reflects the contribution of our upgraded Alu-Zinc technology, better realizations and growing acceptance of our value-added steel products throughout our export and domestic customer base. Profit after tax increased 32.9% sequentiallytoRs.18.73croresandatotalcomprehensiveincomerosetoRs.19.02croresfor the quarter while H1 FY '27 PAT grew 17.4% year-on-year reaching Rs. 32.83 crores. Cash profit for half of the year also increased by 22.2% year-on-year reaching Rs. 39.46 crores reflectingimprovedearningsandcashgeneration. FinancecostsforH1ofFY'27declinedtoRs.15.34croresfromRs.16.03croresinH1ofFY '26,areductionofapproximately4.4%.Interestcoverageratioimprovedto3.88xfrom2.85x asof31stMarch.FinancecostsincreasedsequentiallytoRs.8.48croresinQ2fromRs.6.86 croresinQ1.Ontheoperatingside,ourproductmixcontinuestomovetowardshighervalue- addedproducts. Pre-Painted Steel accounted for 69.19%oftotal sales in Q2of FY '27while Alu-Zinc steel contributed 26.48%. Our special Alu-Zinc products are gaining traction in applications such as drywall systems, metal ceilings and premium metal roofing across domesticandinternationalmarkets. Exportsremainedakeygrowthdriver: Export revenue increased 33.4% and 21.2% year-on-year to Rs. 227.07 crores contributing 71.25%ofthetotal revenueinQ2of FY'27.ForH1FY'27,exportvolumes reached anall- time high of 40,561 metric tons, generating revenue of Rs. 397.28 crores up 20.7% year-on- year.DomesticrevenueforH1FY'27increased30.3%year-on-yeartoRs.183.55crores.The company also expanded its Alu-Zinc business with domestic sales increasing 22.1% quarter- on-quarterandexportsalesincreasing457.2%quarter-on-quarter,supportedbyentryintonew marketssuchasSouthAmericaandCentralAmerica.Ourtotalorderbookcurrentlystandsat Rs.525croresofwhichRs.420crorescomprisesexportordersscheduledforexecutionover the next 5 months. This provides us encouraging visibility on demand as we continue to expandourpresenceacrossinternationalmarkets. Page3 of17 ManaksiaCoatedMetals&IndustriesLimited November02,2026 Iwillnowtakeyouthroughfewupdatesonourstrategicprojectsandfutureoutlook: The Second Colour Coating Line, the project is currently in the final stages of trial and pre- commissioning, with commissioning targeted within Q3 FY '27. The new line will add 1,50,000 metric tons per annum of capacity, taking our total Pre-Painted Steel capacity from 86,000tonsperannumto2,36,000tonsperannum,anincreaseofapproximately174%.This expansion will significantly enhance our ability to cater to larger customer requirements and increase our contribution from the highest value-added product. With encouraging demand amongourexistingcustomers,theadditionalcapacityisanimportantpartofourgrowthplans. The 7 MW Capital Solar Power Plant is nearing readiness and grid connectivity, with commissioning targeted for Q3 FY '27. Once operational, the plant is expected to offset approximately50%-55%ofourgridpowerconsumptionatKutch,helpingusimproveenergy costefficiencyandreduceourdependenceongridpower. Alongsidethesecapacityandenergyinitiatives,weareprogress [Showing first 8,000 characters — download PDF for full document]