Analysts/Institutional Investor Meet/Con. Call Updates

Date: 05.11.2026 The Secretary, National Stock Exchange of India Ltd. Exchange Plaza, 5th Floor Plot No- ‘C’ Block, G Block Bandra- Kurla Complex, Bandra (E), Mumbai-400051 SYMBOL: TARACHAND Sub: Intimation under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 –Transcript of the Investor Meet held on 30th October, 2026, Friday at 03:00 PM(IST) Pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“Listing Regulations”), we are hereby sharing the transcript to the Stock Exchange of the Investors Meet held on 30th October, 2026, Friday at 03:00 PM. The same shall also be made available on the website of the Company (www.tarachandindia.in) as per the prescribed timelines under the Listing Regulations. This above is for your information and records. Thanking you, Yours faithfully, For Tarachand Infralogistic Solutions Limited Shefali Singhal Company Secretary & Compliance Officer M. No.: A34314 Encl: As above “Tara Chand Infralogistic Solutions Limited Q2 and H1 FY27 Earnings Conference Call” October 30, 2026 MANAGEMENT: MR. HIMANSHU AGGARWAL – WHOLE-TIME DIRECTOR AND CHIEF FINANCIAL OFFICER – TARACHAND INFRALOGISTIC SOLUTIONS LIMITED MODERATOR: MR. MANVEER – STELLAR INVESTOR RELATIONS Page 1 of 15 Tara Chand Infralogistic Solutions Limited October 30, 2026 Moderator: Ladies and gentlemen, good day, and welcome to the Q2 and H1 FY27 Earnings Conference Call for Tara Chand Infralogistic Solutions 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. I now hand the conference over to Mr. Manveer from Stellar Investor Relations. Thank you, and over to you, sir. Manveer: Thank you, Rutuja. Good afternoon, everyone, and thank you for joining us today. To discuss Q2 and H1 FY27 business performance, we have with us the senior management team represented by Mr. Himanshu Aggarwal, Whole-Time Director and Chief Financial Officer. Before we proceed with this call, I would like to mention that some of the statements made in today's call may be forward-looking in nature and may involve risks and uncertainties. The company also undertakes no obligation to update any forward-looking statements to reflect developments that occur after the statement is made. Documents relating to the company's financial performance, including the investor presentation have been uploaded to the stock exchange and the company's website. I now invite Mr. Himanshu Aggarwal to share his initial remarks on the company's performance, and then we will open the floor for Q&A. Thank you, and over to you, sir. Himanshu Aggarwal: Thank you for the introduction, Manveer. Good afternoon, ladies and gentlemen. I, Himanshu Aggarwal, the Whole-Time Director and CFO of Tara Chand Infralogistic Solutions Limited, welcome you and thank you for joining the earnings call for the quarter and half year ended 30th September 2026. I hope you have had the opportunity to go through the investor presentation that was posted on the NSE website. Let me begin with Q2 FY27, which marks as a clear and measurable recovery from a difficult first quarter. Revenue from operations grew 27% year-on-year to INR83.11 crores, while profit after tax grew 21% year-on-year to INR9.05 crores, the highest quarterly profit the company has reported to date. And the EBITDA margin recovered by 400 basis points over Q1 to 34.7%. We have consistently said that given the seasonality of our business with Q3 and Q4 historically contributing close to 60% of annual revenue, the year-on-year comparison is the right lens. However, this quarter, the sequential comparison also matters because it demonstrates that the disruption in Q1 was transient. The one-off factors that defined Q1 are behind us and Q2 reflects our journey back towards the normal operating rhythm of the business. On the financial front for the quarter, total revenue grew 25% year-on-year to INR84.03 crores with revenue from operations at INR83.11 crores as highlighted above and 23% above the Q1. EBITDA grew 11% year-on-year to INR29.16 crores, while PAT margin was maintained at 11%, in line with the same quarter last year. And earnings per share also stood at INR1.15 per Page 2 of 15 Tara Chand Infralogistic Solutions Limited October 30, 2026 share against INR0.95 a year ago. Cash PAT, which we continue to regard as an important earnings measure for a capital-intensive fleet business, it grew 8% to INR23.3 crores. For the half year ended 30th September 2026, total revenue grew 18% year-on-year to INR152.46 crores, with revenue from operations up 19% at INR150.74 crores. EBITDA for the half year stood at INR50.18 crores, marginally ahead of last year and cash PAT at INR40.9 crores. Profit after tax for the half year was ₹10.68 crore against ₹13.94 crore last year for the same period. The entire shortfall, as I mentioned earlier, is attributable to the first quarter and the half year EBITDA margin of 32.9% should also be read in that light. I would like to be clear about the margin trajectory. The Q2 EBITDA margin of 34.7% is a four percentage point improvement over Q1, but it remains below the 39% reported in Q2 last year. For our Equipment Rental segment, the stand-alone rentals EBITDA stood at 55% for Q2, while the Specialized Services contributed revenue of INR17.03 crores with an EBITDA of 12%. A lower EBITDA for Specialized Services is primarily attributed to higher costs on account of heavy monsoons that led to lower than desired output at the project site. As the new equipment is commissioned and deployed through Q3, we expect the margin gap to narrow. That brings me to capex. The company invested INR106.6 crores in equipment in H1 FY27, ahead of the INR80 crores to INR100 crores that we had planned for the full year. This was a deliberate decision. We saw the opportunities in power and renewable energy sectors that were firm, backed by client commitments, and we chose to secure them. Nine machines were added in the half year, including two 900-tonne crawler cranes, two 800- tonne crawler cranes, 700-tonne all-terrain crane and 500-tonne crawler crane as well. The majority of this equipment is being commissioned during the third quarter, which is when it begins to contribute towards revenue. As of 30th September 2026, the fleet stood at 436 machines with a gross block of approximately INR662 crores. Going forward, for the remainder of the financial year, the company will take a call on more capex depending on the upcoming opportunities and commitments from our client. Turning to the segments. Equipment hiring and projects contributed 72% of revenue in the first half of this financial year, while warehousing and transportation was at 28%, while steel processing and distribution, which we have been consciously deemphasized was negligible at only 0.2%. The Equipment Hiring and Projects segment recorded a revenue of INR59.55 crores in Q2, a growth of 57% year-on-year and INR108.43 crores for the half year, which was up 56% year-on-year. The reported EBITDA for the segment is 44%, which includes specialized services, then the stand-alone equipment rental EBITDA margin stood at 55% for the quarter and 56% for the half year, supported by fleet utilization of 82%. The average gross monthly rental yield for H1 FY27 was 2.83%. The sectoral mix of our rental revenue has shifted decisively towards the energy build-out, which is power and renewable energy together, accounting for 53% of equipment rental revenue in the Page 3 of 15 Tara Chand Infralogistic Solutions Limited October 30, 2026 first half, with cement, steel, petrochemicals and other sectors making up the balance. This is precisely the deploy [Showing first 8,000 characters — download PDF for full document]