Analysts/Institutional Investor Meet/Con. Call Updates

Ref: JTLIND/11/26-27/07 November 11, 2026 The Manager, The Manager, Corporate Relationship Department, Listing Department, BSE Limited. National Stock Exchange of India Ltd. 25th Floor, P.J. Towers, ‘Exchange Plaza’, C- 1 Block G, Bandra Kurla Dalal Street, Complex, Bandra (East) Mumbai - 400001 Mumbai – 400051 Scrip Code: 534600 NSE Symbol: JTLIND REG: TRANSCRIPT OF EARNINGS CONFERENCE CALL HELD FOR UN-AUDITED FINANCIAL RESULTS OF THE QUARTER/HALF YEAR ENDED SEPTEMBER 30, 2026 Dear Sir/Ma’am, This is further to our intimation regarding Conference Call for Analysts/Investors with respect to the Un-Audited Financial Results of the Company for the quarter/half Year ended September 30, 2026. The transcript of the conference call held on Tuesday, November 03, 2026 with investors/analysts to discuss the Company’s Q2FY27/half yearly un-audited (cid:976)inancial results is enclosed herewith. Kindly take note of the same. Thanking you, Yours Sincerely, For JTL Industries Limited Amrender Kumar Yadav Company Secretary and Compliance Officer Membership No. A41946 “JTL Industries Limited Q2 FY27 Results Earnings Conference Call” November 03, 2026 MANAGEMENT: MR. PRANAV SINGLA – EXECUTIVE DIRECTOR – JTL INDUSTRIES LIMITED MR. DHRUV SINGLA – EXECUTIVE DIRECTOR – JTL INDUSTRIES LIMITED MR. NAVEEN KUMAR LAROIYA – CHIEF FINANCIAL OFFICER – JTL INDUSTRIES LIMITED MR. SAURABH JAIN – CHIEF FINANCIAL OFFICER – JTL DEFENCE LIMITED MODERATOR: MR. PALLAV AGARWAL – ANTIQUE STOCK BROKING LIMITED Page 1 of 8 JTL Industries Limited November 03, 2026 Moderator: Ladies and gentlemen, good day, and welcome to JTL Industries Limited Q2 FY27 Results Earnings Conference Call. 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. Pallav Agarwal from Antique Stock Broking Limited. Thank you, and over to you, sir. Pallav Agarwal: Yes. Thank you, Shruti, and good day, everyone. A very warm welcome to the second quarter FY27 earnings call of JTL Industries Limited. We have the senior management team of the company, represented by Mr. Dhruv Singla, the Executive Director; Mr. Pranav Singla, the Executive Director; Mr. Naveen Kumar Laroiya, the Chief Financial Officer; and Mr. Saurabh Jain, the CFO of JTL Defence Limited, which is a subsidiary of JTL Industries Limited. So now I would like to hand over the call to the management team. Over to you, Mr. Laroiya. Naveen Kumar Laroiya: Good afternoon, everyone. This is Naveen Laroiya, and thank you for joining the earnings conference call of JTL Industries Limited to discuss the performance for Q2 and H1 of financial year '27. We appreciate your continued support and interest in our company. The company continued to deliver growth during the quarter with revenue from operations increasing by 43.0% year-on-year to INR 613.8 crores. EBITDA grew by 46.5% to INR 50.8 crores, with an EBITDA margin of 8.3% compared to 8.1% in Q2 financial year '26. Profit after tax for the quarter was INR 29 crores, reflecting growth of 30.7% year-on-year with a PAT margin of 4.7%. The company reported sales volume of 1,00,484 metric tons during Q2 financial year '27, registering a growth of 23.2% year-on-year. EBITDA per ton improved to INR 5,053, an increase of 19% year-on-year, supported by a higher contribution from value- added products and an improved product mix. Coming to the half year performance, the company achieved its highest ever half year sales volume of 2,18,997 metric tons, reflecting growth of 20.2% year-on-year. Revenue from operations increased by 37.2% to INR 1,335.4 crores. The company also achieved its highest ever half yearly EBITDA and PAT during H1 financial year '27. EBITDA increased by 88.7% year-on-year to INR 109.5 crores with a margin of 8.2%. EBITDA per ton improved to INR 5,000, registering growth of 57.0% year-on-year. Profit after tax grew by 66.2% to INR 64.3 crores with a margin of 4.8%. It is important to highlight that the reported PAT for Q2 and H1 financial year '27 includes an additional non-cash depreciation charge of INR 2.78 crores arising from the assets revaluation undertaken at JTL Defence Limited in March 2026. Excluding this accounting adjustment, the normalized PAT for Q2 financial year '27 would have been INR 31.8 crores while normalized PAT for H1 financial year '27 would have been INR 67.1 crores. On the cash flow front, net cash flow from operating activities turned positive at INR 50 crores in H1 financial year '27 compared with an outflow of INR 80.3 crores in the corresponding Page 2 of 8 JTL Industries Limited November 03, 2026 period last year. The company invested INR 76.5 crores towards capital expenditure to support its ongoing capacity expansion plans during the H1 ended 30/09/2026. On a stand-alone basis, an investment of INR 67 crores has been made during the H1, mostly at the company's Mangaon facility. Looking ahead, the company remains focused on bringing the upcoming capacities in Maharashtra on stream and gradually ramping up production with a greater emphasis on value- added products such as GP pipes, color-coated pipes and roofing sheets. With this, I would now request the moderator to open the floor for questions-and-answers. Thank you, everyone. Moderator: Thank you very much. We will now begin the question-and-answer session. Anyone who wishes to ask a question may press star and one on their touch tone telephone. If you wish to remove yourself from question queue, you may press star and two. Ladies and gentlemen we will wait for a moment till question queue assembles. The first question is from the line of Harsh Vasa from SBI Capital Securities. Please proceed. Harsh Vasa: Congratulations on a good set of numbers. So my first question was regarding the new capacity just coming up. So the GI coil capacity, which was expected to commission August 26, sir, has it been commissioned? And the color coated capacity of 4 lakh, which is expected to commission in December '26. Is it on track? Dhruv Singla: Yes. So the GP capacity right now, as we have done the cold trials in the pickling and GP line, and it is mainly up and running by the end of this quarter, there have been certain delays due to the little bit of monsoon and due to a little delay in getting material production. So we are expecting to get on with the commercial production by the end of this quarter. Harsh Vasa: Yes, sure. Sir, any capacity utilization numbers like for these 2 facilities. I mean like, any volumes ballpark figure? Dhruv Singla: So in the last quarter of the year, we would be, that is volume of about 25,000 tons to 30,000 tons from these capacities when we are up and running by end in December. Moderator: The next question is from the line of Dhruvesh Kanakia from Antique Stock Broking Limited. Dhruvesh Kanakia: Sir, your first half volumes grew by about 20% year-on-year. So what kind of growth should number we expect in the second half? Pranav Singla: Thanks, Dhruvesh, for your question. So yes, our H1 closed at about 2,20,000 tons of volume. Our H2 is usually 20% higher than H1. So in a base case scenario, 2,60,000 tons something that you will see showing in H2, which we felt for the volume for the entire year about 4,80,000 tons from current capacity. GP line will add about 30,000 tons, as Dhruv just mentioned, in Q4 and starting in Q3 as well, you can expect some bit of volume coming from that as well and a little ramp-up of DFT can be Page 3 of 8 JTL Industries Limited November 03, 2026 expected in Q3 as well. So altogether, we are on track to achieve our target of 30% growth for this year on a volume of 4 lakh tons last year. Moderator: The next question is from the line of Akshay [Showing first 8,000 characters — download PDF for full document]