Analysts/Institutional Investor Meet/Con. Call Updates

Sundram Fasteners Limited REGISTERED & CORPORATE OFFICE 98.A, VII FLOOR DR. RADHAKRISHNAN SALAI. MYLAPORE, CHENNAI - 600 004. INDIA Email: investorshelpdesk@sn.co.in TELEPHONE , +91 . 44 - 28478500 PAN : AAACS8779D CIN : L35999TN 1962PLCO04943 WEBSITE : www.sundrarn.com November 5, 2026 National Stock Exchange of India Limited By NEAPS Symbol - SUNDRMFAST Exchange Plaza, 5th Floor, Plot No. C/1, G Block, Bandra-Kurla Complex, Bandra (East), Mumbai - 400 051 BSE Limited By Listing Centre Scrip Code - 500403 Phi Roze Jeejeebhoy Towers, DalaI Street, Mumbai - 400 001 Dear Sir / Madam, Sub: Disclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015-Transcript of Analysts/Investors Meet held on October 29, 2026 Further to our letter dated October 26, 2026, on the subject, please find attached the transcript of the Analysts / Investors meet held on October 29, 2026 (Thursday) for your information and records. are transcript is also available on the Company’s website at https://www.sundram.com/recentupdate.php Please take the above information on record. Tbanking you, Yours truly, For Sundram Fasteners Limited G Anand Babu Senior Manager – Finance & Company Secretary “Sundram Fasteners Limited Q2 FY27 Earnings Conference Call” October 29, 2026 MANAGEMENT: MR. R. DILIP KUMAR – CHIEF FINANCIAL OFFICER – SUNDRAM FASTENERS LIMITED MR. R. GANESH – VICE PRESIDENT, FINANCE AND PROJECTS – FINANCE AND PROJECTS – SUNDRAM FASTENERS LIMITED MR. S. BHARATHAN – EXECUTIVE VICE PRESIDENT, MARKETING – SUNDRAM FASTENERS LIMITED MODERATOR: MR. KRUPASHANKAR – AVENDUS Page 1 of 15 Sundram Fasteners Limited October 29, 2026 Moderator: Ladies and gentlemen, good day, and welcome to the Sundram Fasteners Limited Q2 FY27 Earnings Conference Call. As a reminder, all participant lines will be in the listen- only mode. 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 touchtone phone. Please note that this conference is being recorded. I now hand the conference over to Mr. Krupashankar from Avendus. Thank you, and over to you. Krupashankar: Good afternoon, everyone. I appreciate everybody logging in for the conference call of Sundram Fasteners. From the management team, I'm pleased to host Mr. R. Dilip Kumar, Chief Financial Officer; Mr. R. Ganesh, Vice President, Finance and Projects; and Mr. S. Bharathan, Executive Vice President, Marketing. I now hand over the call to Mr. R. Dilip Kumar for his opening remarks, after which we'll begin the Q&A session. Over to you, sir. Dilip Kumar: Yes. Good afternoon to all the participants in the call. Welcome to the H1 analyst call, and we are happy to inform you that the company has recorded a strong performance, about 30% growth in revenues for Q2. And it's been driven by the OE segment, as most of you may have known or heard about it. The pull has been strong, and the traction has been good. And we've also had a stellar performance in the export segment, where compared to the corresponding quarter, we have recorded a 57% growth in exports. And of course, to some extent, about 10% is helped by dollar-rupee, and because of rupee weakness, the balance of 47% has come in the volume terms and dollar terms, where our key customers like Cummins and Navistar had recorded very good revenues and their schedules have improved. The raw material cost, as most of you may have known, had increased in Q1, the steel and aluminum prices. And it has continued in Q2 as well. And also on the indirect Page 2 of 15 Sundram Fasteners Limited October 29, 2026 materials like stores and tools, which is a big line item for auto component companies because of the war. We have experienced inflation there also. As Sundram Fasteners generally recovers the RM inflation from the customer, we have pass-through arrangements, especially in the domestic market. But we have raised the prices in the aftermarket prospectively. Also, in the export market, it is offset by rupee depreciation. And also when the raw material prices fall, we are not under an obligation to pass back to our customers. But having said all this, the steep increase in RM prices have had an impact, notwithstanding the recovery as they had an impact at the contribution level compared to the corresponding quarter, almost 3%. But we have been able to offset that to some extent by operating leverage. Our fixed costs have been lower. And also the asset utilization, since it has improved substantially, the depreciation charge, not in terms of absolute amount, but in relation to revenues, have been lower. And we had reported a PBT of INR160 crores compared to INR140 crores for the quarter. Likewise, for the half year, INR3,254 crores of revenues compared to INR2,605 crores, 25% growth, again, a strong performance of 40% in exports, and the OE business has done well. And as I explained for the quarter, the inflationary pressures in Q1 and Q2 on both indirect materials and direct materials have had an effect in our contribution. And likewise, the fixed costs have been lower by almost 1% and the depreciation, again, has been lower compared to the previous corresponding quarter. And the EBITDA for the half year is just a notch below 16%, 15.9%. And for Q2, it's been 15.7%. But I want to assure you that the markets, the customer schedules are strong, which my colleague, Bharathan, will explain later. And we are quite excited about the outlook for exports. Page 3 of 15 Sundram Fasteners Limited October 29, 2026 And as our exports, in fact, had dropped due to tariff and other impact last year to around 25% of our total revenues, it's back to almost 30% now. And these are high- margin products which are in excess of 20% EBITDA. So as more exports come into our book and go back to our one-third, which used to be the case about 2 years back, you will see that the margin expansion takes place automatically. The steel prices, which went very high post-COVID or during COVID and then was rolled back, and likewise, now it started inching up. So once the pricing cools off, we will benefit from that also. So basically, the margin drop is more, I would say, a mathematical expression of the RM prices, which are there in the middle line, and the revenues, which are slightly inflated. If you remove that impact and see the margins, of course, we have the information internally, and it is clearly about 1.5% higher than what has been reported as EBITDA. So anyway, the half-yearly performance, we have reported INR311 crores compared to INR278 crores. And the outlook continues to remain strong. With this, I will close my opening remarks. We are happy to take questions. Thank you. Moderator: Thank you. We will now begin the question-and-answer session. The first question is from the line of Lakshminarayanan KG from Tunga Investments. Lakshminarayanan KG: Just one question. So we see that some of the OEs have reported drastic -- Indian OEs have reported almost 500 basis points to 400 basis points decline in gross margins due to material cost. So how does it pass on, whether that impact on us will come retrospectively or, when you go for a pricing increase, do you take it from April 1 or do you actually have it prospectively? And this particular thing of 400, 500 basis points decline in gross margin, when it will kind of flow into our thing, whether it will happen next quarter or so? And what time it will become a steady state? Because you mentioned that we have a mechanism where almost all the material costs will have a catch-up, and it will be passed through, right? I just want to understand how to think about it. Page 4 of 15 Sundram Fasteners Limited October 29, 2026 Second question is that if you look at the cash flows from operations, there has been a little underwhelming. Is it because of the export being high? Or can you just ela [Showing first 8,000 characters — download PDF for full document]