Analysts/Institutional Investor Meet/Con. Call Updates

Date: November 05, 2026 BSE Limited Na(cid:415)onal Stock Exchange of India Limited PJ Towers, Floor 25, Exchange Plaza, Dalal Street Bandra Kurla Complex, Bandra (East) Mumbai — 400 001 Mumbai - 400 051 BSE Scrip Code – 544918 Symbol: LCCPROJECT Sub: Disclosure under Regula(cid:415)on 30 and other respec(cid:415)ve regula(cid:415)ons of SEBI (Lis(cid:415)ng Obliga(cid:415)ons and Disclosure Requirements) Regula(cid:415)ons 2015:- Transcript of a conference call for the Quarter & Half year ended September 30, 2026 Dear Sir/Madam, In terms of the regula(cid:415)on 30 of Securi(cid:415)es and Exchange Board of India (Lis(cid:415)ng Obliga(cid:415)on and Disclosure Requirements) Regula(cid:415)ons, 2015, we are enclosing herewith transcripts of conference call for the quarter and half year ended on September 30,2026 held on Monday, November 02, 2026. You are requested to take this informa(cid:415)on on records. Thanking you, Yours Sincerely, For LCC Projects Limited Gayatri Desai Company Secretary and Compliance Officer ICSI Membership Number: A60858 Enclosed: As above. LCC Projects Limited Q2 & H1 FY-27 Earnings Conference Call November 02, 2026 Disclaimer: E&OE - This transcript is edited for factual errors. In case of discrepancy, the audio recordings uploaded on the Company’s website will prevail MANAGEMENT: MR. ARJAN SUJA RABARI – CHAIRMAN AND MANAGING DIRECTOR, LCC PROJECTS LIMITED MR. LALJIBHAI AHIR – MANAGING DIRECTOR, LCC PROJECTS LIMITED Page 1 of 15 LCC Projects Limited November 02, 2026 Moderator: Ladies and gentlemen good day and welcome to the LCC Projects Limited Q2 & H1 FY 2027 Earnings Conference Call. As a remainder, all participant lines will be in the listen-only mode and there will be an opportunity for you to ask questions after the presentation conclude. Before we begin, a brief disclaimer: The presentation which LCC Projects Limited has uploaded on the Stock Exchange and their website, including the discussion during the call, contains or may contain certain forward- looking statements concerning LCC Projects Limited, business perspective and profitability which are subject to several risks and uncertainties that our actual result could materially differ from those in such forward-looking statements. Should you need assistance during the conference call, please signal an operator by pressing ‘*’ then ‘0’ on your touch-tone phone. I now hand the conference over to Mr. Arjan Suja Rabari – Chairman and Managing Director from LCC. Thank you and over to you, sir. Arjan Suja Rabari: Good afternoon everyone and thank you for joining us for the call today. On behalf of LCC Projects Limited, I extend a warm welcome to all participants for Q2 and H1 financial year 2026- 2027 Earnings Conference Call. This quarter marks our First Full Earnings Call since our successful IPO and I would like to extend a special welcome to our new shareholders who have joined us on this journey. I trust you all had the opportunity to review our earnings presentation and press release available on Stock Exchange and our corporate websites. For the benefit of our new investors and analysts, let me begin with a brief overview of LCC Projects Limited. LCC Projects Limited is a multidisciplinary EPC company - specialization in complex irrigation and water supply infrastructure projects. Since our inception in 2004, we have built a strong execution track record, successfully completing more than 80 projects across 12 states over the last two decades. We focused on executing complex and technically challenging projects and have established a strong track record in project management, execution excellence and timely completion of irrigation and water supply projects across India, with most projects we delivered ahead or in line with the scheduled time limits. Today, we are among a few large organized EPC players in Gujarat with significant in-house engineering capability, supported by a team of over 700 design and technical professionals. Our engineering and design function leverages advanced technologies such as SCADA, Water Gems, Water Hammers, and STAAD-Pro for design planning, engineering analysis, database management and topographical mapping, enabling us to deliver efficient and optimized project solutions. This strong technical foundation, coupled with our deep domain expertise and execution capabilities, allow us to undertake complex infrastructure projects and consistently deliver quality and outcomes for our clients across India. As of September 30th 2026, our order Page 2 of 15 LCC Projects Limited November 02, 2026 book stood at Rs. 8,154 crores, reflecting the strength of our project pipeline and providing strong revenue visibility for the coming year. As a result, we have established ourselves as a trust partner in the country's irrigation and water infrastructure development sector. Now, coming to the operational highlights for the H1 Financial Year 2026 – 2027: First, order book. Our order book remained robust at Rs. 8,154 crores as of September 30th 2026, compared to Rs. 7,953 crores as of March 31st 2026, providing strong revenue visibility and the growth momentum. During the H1 FY 2027, we secured new order worth Rs. 1,641 crores, reflecting our continuous success in winning quality projects across our focus segments. In addition, we are currently L1 in projects aggregating Rs. 1,583 crores, which augment our opportunity pipeline and provides further visibility on future order inflows. Our order book to revenue ratio stands at 2.21x based on FY 2026 revenues, translating into more than two years of revenue visibility under, accruing the strength of our business fundamentals. Execution momentum remains strong across our project portfolio. We are currently executing several landmark projects, including Sondwa Lift Irrigation valued at Rs. 1,395 crores, Sidhi Bansagar Project, Madhya Pradesh valued near about Rs. 1,400 crores, Gandhi Sagar Project valued near about Rs. 1,049 crores and Bishrampur Mining Project, Chhattisgarh, crossing the line with our execution plans. The combination of a healthy order book, strong execution capability and a robust L1 pipeline position, as well, sustain our growth, trajectory and capability, and emerging opportunity in the infrastructure sector. Now, I am talking about our sector: The opportunity in water infrastructure remains massive. The government continually thrusts on Jal Jeevan Mission, Har Ghar Jal Nal and State Irrigation Scheme, the tender pipeline is very strong. Also, inter-river linking projects. We are witnessing projects with higher technical qualification requirements, which create an opportunity for technically strong and established players, such as the LCC. We are also seeing a lot of new opportunities in the water infrastructure segment, particularly river linking, data centre and nuclear power. Further our un-utilized non-fund-based limits, in excess of 35%, provide sufficient headroom for the pursuing, large and more complex projects. Now, I will hand over to our Managing Director, Mr. Laljibhai Ahir, to walk you through financially in detail. Laljibhai Ahir: Thank you, CMD sir and good afternoon, everyone. I will quickly take you through our financial performance. First consolidated quarter 2, FY 2027 year-on-year performance: Page 3 of 15 LCC Projects Limited November 02, 2026 Revenue from operations was Rs.886 crores in Q2 FY 2026 versus Rs.661 crores in Q2 FY 2026, growth of 34% year-on-year. EBITDA for Q2 was Rs.137 crores versus Rs.94 crores last year, growth of 46% year-on-year. EBITDA margin expanded to over 15.5% versus 14.2 %. PAT was Rs.77 crores versus Rs.49 crores, growth of 58% year-on-year. PAT margin improved to 8.6% versus 7.3%. Now, consolidated half-yearly FY 2027 year-on-year performance: H1 FY 2027 revenue was Rs. 1,688 crores, EBITDA stood at Rs. 256 crores with margin expanding to 15.2% versus 13.8% in half-yearly FY 2026. PAT was Rs.143 crores with margin improving t [Showing first 8,000 characters — download PDF for full document]