Analysts/Institutional Investor Meet/Con. Call Updates

06th November 2026 The Manager, National Stock Exchange of India Limited Listing Department, Exchange Plaza, C-1, Block - G, Bandra-Kurla Complex, Bandra (East), Mumbai - 400 051. Scrip Code: TOTAL CIN: L63090MH1995PLC091063 Subject: Transcript of Earnings Conference Call held on Thursday, 05th November 2026. Dear Sir, Please refer to our Earnings Conference Call scheduled for Thursday, 05th November 2026 at 1:30 PM (IST), as intimated vide our letter dated 30/10/2026. Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find enclosed the Q2 & H1 FY27 Earnings Conference Call transcript. You are requested to take the same on record. Thanking you. Yours faithfully, For Total Transport Systems Limited, Bhavik Trivedi Company Secretary & Compliance Officer 91-22-66441500 | Fax: 91 2266441585 www.ttspl.in info@ttspl.in CIN: L63090MH1995PLC091063 Total Transport Systems Limited Q2 & H1 FY27 Earnings Conference Call Transcript Thursday, 05th November 2026 MANAGEMENT:  Mr. Makarand Pradhan - Managing Director  Mr. Shrikant Nibandhe - CFO and Director  Mr. Bhavik Trivedi - Company Secretary & Compliance Officer 91-22-66441500 | Fax: 91 2266441585 www.ttspl.in info@ttspl.in CIN: L63090MH1995PLC091063 Moderator: Ladies and gentlemen, good afternoon and welcome to the Total Transport Systems Limited Q2 and H1 FY27 Earnings Conference Call, hosted by Rik Capital. We have with us today from the Management, Mr. Makarand Pradhan - Managing Director, Mr. Shrikant Nibandhe - CFO and Director, Mr. Bhavik Trivedi - Company Secretary and Compliance Officer. 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 require assistance during the conference call, please signal an operator by pressing ‘*’ and then ‘0’ on your touchtone phone. Before we begin, I would like to remind everyone that today's discussion may contain certain forward-looking statements. These statements are based on the company's current expectations, assumptions and estimates regarding future events and are subject to various risks and uncertainties. Actual results may differ materially from those expressed or implied in these statements. We encourage participants to refer to the company's filings with stock exchanges for a detailed discussion of the risk factors. I would now like to hand over the call to Mr. Makarand Pradhan – Managing Director of Total Transport Systems Limited, who will begin with his opening remarks and provide an overview of the industry and business environment. This will be followed by Mr. Shrikant Nibandhe – Chief Financial Officer and Director, who will discuss the company's financial performance for the quarter. Thank you and over to you, sir. Makarand Pradhan: Thank you. Good afternoon, everyone and thank you for joining Total Transport Systems Q2 & H1 FY27 Earnings Conference Call. I trust that you all had a chance to review the investor presentation and financial results, which are accessible on the NSE website. To begin, I would like to start with an overview of the economic outlook and an update on the logistics sector’s economy. 91-22-66441500 | Fax: 91 2266441585 www.ttspl.in info@ttspl.in CIN: L63090MH1995PLC091063 The Indian economy continued to demonstrate resilience during the first half of 2026 - 2027, supported by domestic consumption, infrastructure spending, and manufacturing activity. The RBI has projected India's GDP growth at 7.1% for the year 2026 – 2027, reflecting sustained domestic demand and investment activity. India's export performance remained robust, with merchandise and service exports reaching approximately US $476.2 billion during April- September 2026 – 2027, registering 13.84% growth year-on-year. However, global economic conditions remain challenging due to geopolitical tensions, particularly in West Asia, fluctuations in crude oil prices, and uncertainty surrounding international trade policies. These factors continue to influence commodity prices, transportation costs and global supply chains. Overall, India's economic outlook remained supportive of trade and logistic activity, although global uncertainties required continuous monitoring. The Logistics Sector Update: India's logistics sector maintained positive momentum during the first half of 2026 - 2027, supported by higher trade activity and infrastructure development. Cargo handles at major Indian ports increased by 7.2% during April-September 2026 - 2027. JNPA recorded container throughput growth of 17.67% during April-September 2026, reflecting healthy container movement. Air cargo traffic also registered approximately 12% growth during April-September 2026. The industry, however, continues to face challenges from fluctuating freight rates, higher fuel costs, and geopolitical disruptions affecting international shipping routes. These developments have implications for shipment schedules, transit times, and overall logistic costs. Meanwhile, continued investments in highways, ports and Multimodal connectivity are expected to strengthen India's logistics infrastructure and improve freight movement efficiency. Overall, the sector's long-term outlook remains supported by India's expanding international trade, infrastructure development, and increasing demand for integrated logistics solutions. Company Operational Update: Total transport systems recorded healthy operational performance in Q2 FY27, with sequential growth across its key logistics segments, alongside continued progress in business expansion and operational initiatives. 91-22-66441500 | Fax: 91 2266441585 www.ttspl.in info@ttspl.in CIN: L63090MH1995PLC091063 The LCL consolidation segment handled total volumes of 1, 07,980 CBM compared to 91,504 cubic meters in the quarter ended in Q1 FY 2027 and 1, 09,163 CBMs in Q2 FY 2026. Import volumes stood at 52,104 CBMs compared with 45,025 CBMs in the previous quarter, while export volumes increased to 55,876 CBM from 46,477 CBMs. In FCL freight forwarding, total volumes stood at 4,435 TEUs in Q2 FY 2027 compared with 4,025 TEUs in Q1 of FY 2027. Export volumes were 3,777 TEUs against 3,544 TEUs in the previous quarter, while import volumes stood at TEUs CBMs compared with 481 TEUs in Q1 FY 2027. The air freight segment recorded total volumes of 549 tons compared with 434 tons in Q1 FY 2027 and 439 tons in quarters FY 2026. Export volumes increased to 483 tons from 345 tons in the previous quarter, while import volumes stood at 66 tons compared with 89 tons in quarter 1 FY 2027. Alongside volume growth, the company continued to focus on improving margins, strengthening its business operations and maintaining consistency in growth. Software implementation initiatives are progressing, with encouraging results from AI-related initiatives aimed at improving operational processes and efficiency. On the business development front, the company continued to pursue new client acquisitions and expand its presence through business development and pitching activities across various locations. The air freight business is also being strengthened through additional team members to support its growing business requirements. The company witnessed substantial business growth from Abhilaya and continued expansion of its business associated with Amazon. Additionally, its Flipkart Minutes business is expected to expand to 20 locations with a further growth plan. Going forward, the company remains focused on sustaining volume growth, improving margins, expanding its client base, strengthening operational capabilities, and leveraging technology to enhance business efficiency. With this, I would like to hand over to our CFO and Director – Mr. Shrikant Nibandhe, to discuss the company's financial performance for Q2 and H1 for the year 2027. Thank you. Shrikant Nibandhe: Hello. Good afternoon, everyone. Moving to the financia [Showing first 8,000 characters — download PDF for full document]