Transcript of the Earnings Conference Call, Conducted on November 03, 2026, on unaudited financial results of the company for the Half year ended September 30, 2026.

SUGS LLOYD LIMITED ISO 9001: 2015 CERTIFIED Corporate Office: 2nd Floor Logix Park, Plot No A4 and 5 Sector 16, Noida, Uttar Pradesh, India, 201301 E mail: compliance@sugslloyds.com Date: 05th November, 2026 BSE Limited, Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai – 400001. Company Scrip Code: 544501 Company Symbol: SUGSLLOYD Subject: Disclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 - Transcript of the earnings conference call conducted on November 03, 2026 Dear Sir / Madam, Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find enclosed the transcript of the earnings conference call, conducted on November 03, 2026, on unaudited financial results of the Company for the Half year ended September 30, 2026. The transcript is also available on the Company's website at link given below: https://www.sugslloyds.com/_files/ugd/92efe7_d543349ed65245a291c72ee089682127.pdf Kindly take the same on record. Thanking you. Yours faithfully, For Sugs Lloyd Limited Nimmy Singh Chauhan Company Secretary & Compliance officer Place: Noida Enclosed as above CIN: L4900DL2009PLC194400 Registered office: Office No-8B, CSC-I, Behind Narwana Appartments, New Delhi, India, 110092 “Sugs Lloyd Limited Q2 FY27 Post Results Conference Call” November 03, 2026 MANAGEMENT: MR. SANTOSH SHAH – MANAGING DIRECTOR AND CHAIRMAN – SUGS LLOYD LIMITED MR. SATYAKAM BASU – CHIEF EXECUTIVE OFFICER – SUGS LLOYD LIMITED Sugs Lloyd Limited November 03, 2026 Moderator: Ladies and gentlemen, good day, and welcome to the Sugs Lloyd Limited Q2 FY27 Post Results Conference Call hosted by Washuvi Financial Advisory. 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 any assistance during this conference, please signal for an operator by pressing star followed by zero on your touchtone telephones. I now hand the conference over to Mr. Satyakam Basu, CEO, Sugs Lloyd Limited. Thank you, and over to you, sir. Satyakam Basu: Good afternoon, everybody, and thank you for joining us. When we listed in September '25, we committed to speaking to you every quarter, is optional for SME platform list to do it or not to do it, but we always have done it, and today's call is part of the same commitment. For those who are joining us for the first time, let me give you a quick introduction to the company. Sugs Lloyd is an energy infrastructure company. We have been in the sector since 2009, almost 17 years now, and we have a team of around 1,000 people. We work across three main lines of business: power transmission distribution, including smart grid, solar EPC and our engineering products, which is led by our fault passage indicator, where we are India's largest manufacturer with more than half of the domestic market as per our estimate. Over the years, we have completed more than 80 projects. And this year, we were named the Best Integrated Transmission Distribution and Solar EPC Company of the Year at the EPS Energy Awards 2026. In July, we reported the strongest first quarter in Sugs' history. I'm pleased to tell you that the second quarter has surpassed it. Q2 revenue was INR134.91 crores, up 12% on the same quarter last year and up 72% on the preceding quarter, which is the Q1. Together, these 2 quarters make H1 FY27, the strongest half year that the company has ever delivered. Let me take you through the numbers for the half. Revenue from operations was INR213.31 crores, up by 73% from INR123.03 crores of last year. EBITDA is up at INR31 crores, up 64% again at a margin of 14.5%, and it is within the margin of 14% to 15% band that we have always committed. Profit after tax was at INR20 crores, INR20.01 crores to be precise, up 69% and EPS were INR8.62 against INR6.86. So to put the half in context in 6 months, we have already delivered 71% of the revenue we recorded the whole year of FY26. The second quarter on its own was equally strong. EBITDA was INR19.1 crores, up 91% year- on-year and 59% quarter-on-quarter. Profit after tax, PAT is at INR12.51 crores, up 108% year- on-year and 67% quarter-on-quarter. We are also growing more efficiently. Our interest cover improved to 5.2x in the first half from 4.8x a year ago. And finance costs came down to 2.8% of the revenue from 3.2% of the year before. Of the revenue mix, power T&D and smart grid contributed to about 80% of our H1 4% for FY26 as a whole as execution on our RDS and other distribution projects moved into full swing. Solar EPC contributed the balance. Page 2 of 15 Sugs Lloyd Limited November 03, 2026 I want to spend a moment on execution because that is what these numbers really reflect. Our flagship partner project valued at around INR542 crores pre-GST is in full execution and scheduled for completion by March '28. Running it alongside our other projects has meant mobilizing more people, more equipment, more vendors across many sites at the same time. The capability we have built there, especially in the SCADA and ABMS is now a credential we are taking to other states. Delivering a half year of this size tells you the systems we are holding as we scale up. Now to orders, which I think is the most important part of this quarter's story. In Q2, we own seven new orders worth INR395 crores, excluding GST or INR466 crores, including GST. This is almost 3x the revenue we built in the quarter. Our order book as on 30th September stood at INR1,067 crores, about 3.5x of our last year's revenue, of which about INR929 crores is in the power T&D and the rest is in solar. What matters much as the value is where these orders came from. Every 1 of the 7 orders is from outside Bihar, which traditionally has been our stronghold. As a result, Bihar share of our order book has come down from about 82% at the end of the July to about 55% now, and we operate across 11 states. This is exactly the diversification we told you in our last call that we are working towards. The quality of the book matters as much as the size. About 9/10 of our order book is with government utilities, PSUs and centrally funded schemes and a good part of the rest is with Tata Power's DISCOM and other established private utilities. This gives us strong payment security across our projects. The new orders also add visibility. The Odisha maintenance contract started on 1st October and will build every month for 3 years, adding a recurring base of roughly INR60 crores a year. The Punjab RDSS work is to be completed over 15 months and the Amritsar solar plant is scheduled for completion by December. Together, this gives us good visibility on the revenue for the coming quarters. Our bid pipeline gives us confidence about the orders still to come. Of the tenders we track about INR19,150 crores has been floated. We have selected about INR6,600 crores to bid for and about INR1,260 crores are now at the final stage of evaluation. Roughly INR800 crores in power T&D, INR400 crores in solar and storage and INR60 crores in products. We continue to target a strike rate of 15% to 20% on qualified bids and 10% to 15% in states that are new to us. Products are one of the most important growth engines, as you all know. The Madhya Pradesh and Noida Power orders I mentioned, bring two more utilities into our fall passage indicator and closer platform. And once the DISCOM adopts these devices, repeat orders always tend to follow. 2.65 lakh feeders across the country, the market is very large. Products carry better margins than our EPC work, and we aim for them to reach about 10% of our revenue by FY28. Let me also talk about the working capital and the cash flow, which we are managing very actively as we grow. Receivables have grown with billing, but collections are keeping pace. On a trailing 12-month basis, our receivable days has improved from about 179 in June '26 [Showing first 8,000 characters — download PDF for full document]