EPACK Prefab Technologies Limited has informed the Exchange about the Transcript

November 07, 2026 National Stock Exchange of India Limited BSE Limited Listing Department Listing Department Exchange Plaza, C-1 Block G, Bandra Kurla Complex Corporate Relationship Department Bandra [E], Mumbai – 400051 Phiroze Jeejeebhoy Towers, Dalal Street, Fort, Mumbai - 400001 NSE Scrip Symbol: EPACKPEB BSE Scrip Code: 544540 ISIN: INE0MLS01022 ISIN: INE0MLS01022 Sub: Transcript of the Investors’ conference call held on Wednesday, November 4, 2026 on the operational and financial performance of the Company for the Quarter and Half year ended September 30, 2026 Dear Sir/ Ma’am, In terms of Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“SEBI Listing Regulations”), please find enclosed the Transcript of the Investors’ conference call held on November 04, 2026 on the operational and financial performance of the Company for the quarter and half year ended September 30, 2026. Pursuant to Regulation 46 of SEBI Listing Regulations, details of the Transcript of the Investors’ conference call, will also be made available on the Company’s website at https://epackprefab.com/investor-relations. Kindly take the same on record. Thanking You, For EPACK Prefab Technologies Limited Khushboo Mishra Company Secretary and Compliance Officer Encl.: as above “EPACK Prefab Technologies Limited Q2 and H1 FY27 Earnings Conference Call” November 04, 2026 MANAGEMENT: MR. SANJAY SINGHANIA – MANAGING DIRECTOR AND CHIEF EXECUTIVE OFFICER – EPACK PREFAB TECHNOLOGIES LIMITED MR. NIKHIL BOTHRA – EXECUTIVE DIRECTOR – EPACK PREFAB TECHNOLOGIES LIMITED MR. RAHUL AGARWAL – CHIEF FINANCIAL OFFICER – EPACK PREFAB TECHNOLOGIES LIMITED MODERATOR: MR. AASIM BHARDE – DAM CAPITAL ADVISORS LIMITED Page 1 of 12 EPACK Prefab Technologies Limited November 04, 2026 Moderator: Ladies and gentlemen, good day, and welcome to the Q2 and H1 FY27 Earnings Conference Call of EPACK Prefab Technologies, hosted by DAM Capital Advisors Limited. As a reminder, all participants' 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 will now hand the conference over to Mr. Aasim Bharde from DAM Capital Advisors. Thank you, and over to you, sir. Aasim Bharde: Thank you, and good evening to everyone who has joined this call today. So from the management side, from EPACK Prefab Technologies management, we have Mr. Sanjay Singhania, Managing Director and CEO; Mr. Nikhil Bothra, Executive Director; and Mr. Rahul Agarwal, CFO on the call. So we'll begin the call with Mr. Singhania for his initial thoughts and post that we can open the floor for questions. Thank you, and over to you, sir. Sanjay Singhania: Investor call. So, let me start with the full picture first. The revenue of the company for H1 grew by 19% to INR 867 crores. And quarter two was our biggest quarter ever at INR501 crores revenue. But that growth did not flow through two things, one is the profit, and the second is the cash flows. And I will tell you why. The profit grew by 2%, but the operating cash flow was negative. So, two things happened here. First is, the steel and other input cost rose faster than we could pass them through on orders already being executed. So, our gross margin fell by almost 2.3%. And during our first investor call of this financial year, I had already spoken about the impact of steel price increase on our earnings. The second was the working capital went up by 60 -- went up to almost 60 days. Our guidance has always been around 40 days to 55 days would be the working capital. So, there is a slippage of almost 15 days to 18 days there. So there are two reasons for this. First is, over the last 6 months, we have executed large industrial and renewable projects on milestone- based billing. And every one of those receivables is backed by letter of credit. So, the money is secured, and the question is only about timing. So, in this, the LC process is linked to the milestone billing, and there has been certain delays in that. So, due to that, the receivables went up by almost INR144 crores. But the good thing is, since they are backed by LC, so we expect this to normalize in this quarter three. We also the second part was, we built the inventory of the steel deliberately, and that resulted in a working capital increase of almost INR92 crores for us. So while that results in the increase of working capital, but that also protects us against further price increase and secures our steel availability for the entire quarter. Page 2 of 12 EPACK Prefab Technologies Limited November 04, 2026 So, as a result of this, we expect our margins in the current quarter to be better than what we have delivered in the entire H1. Now, I will tell you few things, what we are doing here. So, every new order is now priced on current input cost, and we have long-term sourcing arrangements in place. We're also pushing for price escalation clauses with our large customers. Yes, some of the customers have agreed, but it hasn't become a standard practice yet. So, I won't claim it. Collections are the single biggest priority for us in the H2, and I will be personally reporting working capital to you every quarter till we normalize it. Dear investors, what gives me a lot of confidence in our business is demand and capacity. Order inflow in H1 grew by almost 71% to INR1124 crores. During our first call in this financial year, I had like said that our target was to do order booking of INR2000 crores in this financial year. So, in the H1 itself, we have done INR1124 crores of order booking. And this is a testimony of the execution which we have done over the past 3 years, 4 years, and also of the strength of our team and our brand. And our order book today stands at INR1462 crores, which gives us a clear visibility of revenue over the next 8 months to 9 months. Also, on 30th of October, about 3, 4 last week only, we have added 13,000 tons of steel capacity, processing capacity at our Ghiloth Greenfield project that is Unit 5, and we also commissioned our sandwich panel line in Ghiloth, Rajasthan, which will cater to the sandwich panel business for the northern market. One of the important developments with the company is also doing is the Greenfield project in Gujarat, which will strengthen our presence in the west, and as conveyed earlier, we plan to get this new plant in Gujarat commissioned in the fourth quarter of the current financial year. On guidance, we are maintaining our FY27 outlook of INR1900 crores of revenue with a 10% to 10.5% EBITDA margin. Our Q2 margin already recovered to 10.1% from 9.4% in quarter one, and H2 will see more of our orders priced at current input price, as well as the inventory built up has given us a lot of confidence that we will be able to improve upon our gross margin in this quarter and the quarter next to this. We remain cash net cash positive. ICRA has reaffirmed our A+ rating, and we will continue to deploy our IPO proceeds with discipline. H1 has shown that the demand is real, and H2 is all about showing you that we can convert it into margin and cash. So, with that, I'm happy to take your questions. Thank you. Moderator: Thank you very much. We will now begin the question-and-answer session. The first question is from the line of Rohit Taparia, an individual investor. Please go ahead. Rohit Taparia: Hello. First of all, thank you for taking my question and congratulations, sir, on a great set of numbers. My first question is basically on the guidance side for FY27, you have mentioned Page 3 of 12 EPACK Prefab Technologies Limited November 04, 2026 INR1900 crores to INR1950 crores with an EBITDA margin of approximately 10% to 10.5%. And what is the long-term guidance for FY28 an [Showing first 8,000 characters — download PDF for full document]