Please find attached Transcript of Investor Meet.

$KIPPER L4fnitetd SKPL/SECT/2026-27/109 Dated: 5th November, 2026 The Manager The Manager National Stock Exchange of India Limited BSE Limited Exchange Plaza, 5th Floor, Phiroze Jeejeebhoy Towers, Dalal Street Plot No. C-1, Block-G Mumbai- 400 001 Bandra Kurla Complex, Bandra (E) Scrip Code- 538562 Mumbai- 400 051 Symbol- SKIPPER Subject: Transcript of the conference call on Unaudited Financial Results for the Quarter ended 30th September, 2026 Dear Sir, In accordance with Regulation 30 read with Schedule III of SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015, we are forwarding herewith the transcript of the conference call with Investors and analysts held on 30th October, 2026, on Unaudited Financial Results of the Company for quarter ended 30th September, 2026. We request you to kindly take the aforesaid information on record. Thanking you, Yours faithfully, For Skipper Limited Anu Singh Company Secretary & Compliance Officer Encl: As above SKIPPER LIMITED Regd. Office: 3A, Loudon Street, Phone 033 2289 5731/32 Email: mail@skipper limited.com CIN L4 0104WB1981 PLC033408 1st Floor, Kolkata 700 017 Fax. 033 2289 5733 Website: www.skipperlimited.com @KIPPER __ Limited -- “Skipper Limited Q2 FY27 Earnings Conference Call” October 30, 2026 9KIPPER f ICICI Securities ii4nit@( MANAGEMENT: MR. SHARAN BANSAL – DIRECTOR – SKIPPER LIMITED MR. SHIV SHANKAR GUPTA – CHIEF FINANCIAL OFFICER – SKIPPER LIMITED MR. ADITYA DUJARI – EXECUTIVE VICE PRESIDENT, FINANCE AND HEAD, INVESTOR RELATIONS – SKIPPER LIMITED MODERATOR: MR. NAVIN SAHADEO – ICICI SECURITIES LIMITED Page 1 of 13 $KIPPER Mi Skipper Limited October 30, 2026 Moderator: Ladies and gentlemen, good day, and welcome to Skipper Limited Q2 FY27 Earnings Call hosted by ICICI Securities 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. Please note that this conference is being recorded. I now hand the conference over to Mr. Navin Sahadeo from ICICI Securities. Thank you, and over to you. Navin Sahadeo: Thank you. Good evening, everyone. On behalf of ICICI Securities, I welcome you all to the conference call of Skipper Limited. Today, we have with us from the management, Mr. Sharan Bansal, Director; Mr. Shiv Shankar Gupta, Company CFO; and also Mr. Aditya Dujari, EVP, Finance and Head IR. So without any further ado, I hand over the call to the management for their opening comments. Over to you, sir. Sharan Bansal: Good evening, everyone, and thank you for joining today's Skipper con-call for quarter 2 FY27. Before we proceed, I would like to draw your attention to the fact that certain statements made during the call may be forward-looking in nature and should be considered in conjunction with the risks and uncertainties associated with our industry and business. We are pleased to report another strong quarter with record revenue, sustained margin expansion, robust order inflows and a significant improvement in our balance sheet despite inflationary cost environment, continued geopolitical uncertainties and temporary disruptions in export markets. Let me begin with our financial performance. During quarter 2 FY27, we achieved our highest ever second quarter revenue of INR1,384 crores, registering 10% year-on-year growth. For H1 FY27, revenue reached a record INR2,694 crores, growing 7% over the corresponding period last year. Profitability continued to strengthen, reflecting improved execution, favorable project mix and disciplined cost management. Q2 EBITDA grew 11% year-on-year to INR145 crores with margins expanding to 10.5%. Profit before tax increased 25% to INR78 crores, while PAT grew a strong 56% to INR57.5 crores, with PAT margins improving by 130 basis points to 4.2%. For H1, we delivered our highest ever half yearly PAT of INR114 crores, representing 40% growth year-on-year. An important highlight has been the continued improvement in our financial position. Our finance cost as a percentage of revenue declined to 3.2% in quarter 2 from 4.2% a year ago, supported by lower borrowings and better financial discipline. Our debt-to-equity ratio improved to 0.38x, while gross debt, including interest-bearing acceptances declined by approximately INR358 crores year-on-year to INR964 crores. The recent INR433.5 crores preferential equity raise and our CRISIL rating upgrade to A+/stable further strengthened our financial flexibility. Page 2 of 13 $KIPPER Mi Skipper Limited October 30, 2026 Coming to the business performance, our order book reached a new milestone of INR10,066 crores as of September 2026, providing strong revenue visibility. We secured record Q2 order inflows of INR2,111 crores, up 70% year-on-year, taking H1 order inflows to INR3,786 crores, up 18%. Our bidding pipeline remains strong at over INR35,000 crores, supported by sustained domestic transmission investment and expanding international opportunities. Exports remain a key strategic priority for us, and we are particularly encouraged by the changing composition and diversification of our export order book. Our geographical exposure is now well diversified with the Middle East accounting for less than 18% of our export order book. The majority of our export order inflows are increasingly coming from developed markets, particularly the U.S. and Australia, where we are witnessing strong customer traction, growing engagement and encouraging order opportunities. Our record quarterly export order inflow of INR1,055 crores, which surpassed the entire export order inflow of FY26 is a strong validation of our growing international competitiveness and expanding global customer relationships. We believe this diversification significantly strengthens the quality and resilience of our export portfolio and positions us well for sustained international growth. Further, the ongoing 75,000 MTPA capacity expansion is on track and likely to be commissioned and operational in H2 '27, taking our total installed capacity to 450,000 MTPA from existing 375,000 MTPA. This expansion will strengthen our ability to serve larger orders, improve operating leverage and capitalize on opportunities in both domestic and international markets. We continue to work towards our longer-term capacity road map of 600,000 tons by FY29, alongside customer qualification initiatives across developed markets and expansion of our global presence. Looking ahead, the structural outlook for power transmission and distribution sector remains encouraging, supported by grid expansion, renewable energy integration, rising electricity demand and investment in high-voltage transmission infrastructure. We believe Skipper is well-positioned to benefit from these opportunities through its integrated manufacturing capabilities, execution track record, expanding capacity and growing international footprint. With a record order book, improving profitability, a stronger balance sheet and increasing traction in developed export markets, we remain focused on delivering sustained growth and creating long-term shareholder value. With these opening remarks, I would like to hand over the call for follow-up questions from participants. Moderator: Thank you very much. We will now begin the question-and-answer session. The first question is from the line of Dheeraj Mali from Wealthifield. Dheeraj Mali: My question is, in the previous con call, you maintained your FY27 revenue growth of 15% and said you are confident of achieving it. However, H1 revenue growth is currently around 7.1%. Page 3 of 13 $KIPPER Mi Skipper Limited October 30, 2026 To achieve the 15% full year target, you would need around 21.6% growth in H2. Are you still confident of achieving this target? And what will drive that higher growth in the second half? Sharan [Showing first 8,000 characters — download PDF for full document]