Analysts/Institutional Investor Meet/Con. Call Updates

04th November, 2026 To To National Stock Exchange of India Limited, BSE Limited Exchange Plaza, Plot No. C/1, G Block, Bandra-Kurla Phiroze Jeejeebhoy Towers, 21st Floor, Complex, Bandra (East), Mumbai –400051 Dalal Street, Mumbai – 400001 NSE Scrip Symbol: RATNAVEER BSE Scrip Code: 543978 Kind Attn.: Listing Department. Kind Attn.: Corporate Relationship Department. Sub: Transcript of Earning Call for the Half Financial Year and Second Quarter ended on September 30, 2026 Dear Sir/Madam, We wish to inform you that pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the transcript of the earnings call with analysts and investors held on November 03, 2026 with respect to the financial results of the Company for the Half Financial Year and Second Quarter ended on September 30, 2026, has been made available on the website of the Company at the link: https://ratnaveer.com/documents/audiorecording/2627/Ratnaveer_Q2H1FY27_Earnings_Call_Transcript.pdf A copy of the transcript is annexed herewith. This is for your information and appropriate dissemination. Thanking you, For Ratnaveer Precision Engineering Limited Umang Lalpurwala Company Secretary & Compliance Officer Date: 3rd November, 2026 Time: 4:00 PM E A R N I N G S C A L L T R A N S C R I P T Ratnaveer Precision Engineering Ltd Ratnaveer Precision Engineering Ltd - Q2 & H1 FY27 Earnings Call Hosted by Finportal M A N A G E M E N T R E P R E S E N T A T I V E S • Mr. Vijay Sanghavi, Managing Director • Mr. Ajay Panchal, General Manager of Finance • Ms. CA Swati Jagtap, Finance Analyst O P E N I N G R E M A R K S Finportal: Good afternoon, everyone, and welcome to the Q2 and H1 FY27 earnings call of Ratnaveer Precision Engineering Limited. We sincerely thank you for joining us today. During today's call, the management will discuss the company's operational and financial performance for the second quarter of FY27, followed by an update on key business developments, strategic priorities and the outlook ahead. This will be followed by an interactive Q&A session. Before we begin, I would like to remind everyone that certain statements made during this call may be forward- looking in nature. These statements are based on management's current expectations and assumptions and are subject to various risks and uncertainties. Actual results may differ materially from those expressed or implied. Participants are advised not to place undue reliance on these forward-looking statements. Please also note that this conference call is being recorded for compliance purposes. Representing Ratnaveer, we have with us today: • Mr. Vijay Sanghavi, Managing Director • Mr. Ajay Panchal, General Manager of Finance • Ms. CA Swati Jagtap, Finance Analyst I now invite the management team to deliver their opening remarks. The presentation has been shared on the exchange, which you can refer to later. Following the opening remarks, we will open the floor for the Q&A session. Thank you, and over to you, sir. Mr. Vijay Sanghavi: Thank you so much, Team Finportal, and good afternoon to all. I, Vijay Sanghavi, Managing Director of Ratnaveer Precision Engineering Limited, welcome you all to the virtual conference call for the Quarter 2 earnings call. I would be thankful to everyone who has spared their time to understand the company and to understand Ratnaveer better. The intention of this call is that the management can stay in touch with investors and institutions, understand your views and take your guidance on how the company can move forward. Thank you so much. Here I present the company, Ratnaveer, at a glance. Ratnaveer has completed 24 years on its manufacturing journey; the company was established in 2002, and it is a continuous, ongoing journey. We have five facilities, with a total of 46,668 tons processed, over 800 employees, a presence in 31 countries, and a base of 219 clients. Many of our clients are shown on the screen, which you can see clearly in front of you. This is the journey of our growth, integration and diversification. From 2002 through 2011 and between 2013 and 2019, we set up the backward integration process and completely established our track record. We have Page 1 Date: 3rd November, 2026 Time: 4:00 PM also been recognised as an EEPC Star Performer for 16 consecutive years. In 2021, tube manufacturing was started and in 2023 the company completed its mainboard IPO. In 2025, the company also integrated its facilities and completed the preferential issue and the QIP. In 2026, we received the ECMS approval and announced the CCL project. In FY27, we have completed the rights issue, received the in-principle approval, and commenced the project. Our product portfolio covers stainless steel fasteners (nuts and bolts), stainless steel clips, stainless steel washers, stainless steel tubes and pipes, the finishing line, and sheet metal components, which are our key product lines. About 90% of our power requirement is met through green power. We are certified with ISO 9001, ISO 14001 and ISO 45001, along with CE and BIS certifications. Our long-term credit rating is A- (Stable), and we are a 100% forward and backward integrated company. We serve the global market across 31 countries through 89 distribution partners and a base of 219 clients, mainly in European countries, Asia Pacific, the Middle East and the rest of the world. We are located in India and serve nine states of the country. On the industry overview, with structural tailwinds across all verticals: the industrial fasteners market is expected to grow from about USD 91 billion in 2025 to USD 115.67 billion by 2032. The stainless steel market is expected to move from USD 225 billion to USD 353 billion by 2034. India's installed solar capacity was around 73 GW in 2024 and is expected to scale towards the 500 GW renewable target by 2030. The tubes and pipes market, at USD 37.18 billion, is expected to reach USD 60.14 billion by 2034. The new line for us, and the first of its kind, is Copper Clad Laminate, which is called CCL. It is the mother of all kinds of electronics and the PCB industry, and it is used by all kinds of PCB manufacturers, for data centres, chips, drones and all electronic appliances. India's PCB market is expected to reach ₹1,76,790 crores by 2032, and the Indian CCL market is expected to reach nearly ₹30,000 crores by 2031. The planned investment by Ratnaveer is ₹338 crores over the next two to three years, approved under the ECMS scheme by the Government of Gujarat as well as the Government of India. The plan also covers an ₹86 crore investment in a solar plant for captive use. On the financial case, a revenue of ₹150 crores is expected from each line, so a total of ₹750 crores from all five lines. The management had already given guidance last quarter that we expect ₹750 crores of top line from all five lines, with 20% EBITDA and 13% PAT. However, because of the turn in the market, with CCL prices having increased by more than 300%, this could be a changing curve for the company, and a revision of the guidance will be announced very soon and very shortly. Till then, we are keeping the same targets and margins. There is a huge margin gap that can open up, and the bottom line can improve drastically. Very soon we will be present with the new guidance and the revised numbers. Coming to the Q2 financials and key business updates: revenue from operations stands at ₹387 crores, growing at 35.46% year-on-year. EBITDA has reached ₹42.13 crores, an increase of 38.85%, and PAT is ₹24.07 crores, an increase of 55.97%. These are phenomenal and fantastic numbers, and the historically highest performance by the company. PAT margin has improved to 6.22% and EBITDA margin to 10.82%, and net worth has increased by 156%. Return on equity stands at 9.66% and return on capital employed at 13.31%. This is a fabulous and fantastic growth, which we had committed to and have worked towards sincerely, and w [Showing first 8,000 characters — download PDF for full document]