Analysts/Institutional Investor Meet/Con. Call Updates

Date: 11.11.2026 To, To, The General Manager, Listing Department, Department of Corporate Services, National Stock Exchange of India Limited, BSE Limited, Exchange plaza, Phiroze Jeejeebhoy Towers, Bandra-Kurla Complex, Bandra (E), Dalal Street, Mumbai – 400 001 Mumbai – 400051 Scrip Code: 500284 Scrip Code: LORDSCHLO Dear Sir/ Madam, Sub: Outcome of call with Analysts / Investors – Earning Call Transcript Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find below the Transcript of earning call with analysts / investors held on Wednesday, 4th November, 2026 to discuss Q2 and H1 FY27 Results of the Company. You are requested to take the same on your records. Thanking You. Yours faithfully, For Lords Chloro Alkali Limited Pankaj Mishra Company Secretary “Lords Chloro Alkali Limited Q2 and H1 FY27 Earnings Call” November 04, 2026 MANAGEMENT: MR. MADHAV DHIR – EXECUTIVE DIRECTOR – LORDS CHLORO ALKALI LIMITED MODERATOR: MR. SMIT PATEL – ADFACTORS PR Page 1 of 13 Lords Chloro Alkali Limited November 04, 2026 Moderator: Ladies and gentlemen, good day, and welcome to Lords Chloro Alkali Limited Q2 and H1 FY27 Earnings 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 touchtone phone. Please note that this conference is being recorded. I now hand the conference over to Mr. Smit Patel from Adfactors PR. Thank you, and over to you. Smit Patel: Thank you. Good afternoon, everyone. Thank you for joining us on Q2 and H1 FY27 Earnings Conference call of Lords Chloro Alkali Limited. We have with us today Mr. Madhav Dhir, Executive Director, who will take you through company's operational and financial performance for the quarter and half year ended 30th September 2026. Before we begin, I would like to remind everyone that certain statements made during today's discussion may be forward-looking in nature and may involve risk and uncertainties. A detailed statement in this regard is available in Q2 and H1 FY27 results presentation uploaded on the stock exchanges and on the company's website. I now hand over the call to Mr. Madhav Dhir to begin the proceedings. Thank you, and over to you, sir. Madhav Dhir: Hi. Thanks, Smit. Good afternoon, everyone. Thank you for joining us on Q2 & H1 FY27 earnings conference call of Lords Chloro. I have a small speech prepared after which we can go into Q&A. So I'll just take you through first what we believe our results was and a little bit of the analysis of the results. So we entered FY27 with a continued focus on strengthening our performance and especially improving our cost efficiencies. In H1 FY27, we reported strong numbers similar to H1 FY26, even though there were significantly lower product realizations. Caustic soda, lye has been under pressure for the last quarter, as you may be aware. So even though there were lower product realizations, we've managed to give similar numbers. That's primarily because of the improvement in our cost efficiencies. One of the more later developments during this quarter was that we have also sanctioned and commissioned 21 MW DC solar captive power with BESS. In total, our captive, and group captive renewable energy has now increased to 47 MW DC. That constitutes around 40% of our total power is now coming from renewable sources, which is very likely the highest in any caustic soda manufacturing plant in India. And even maybe around the world, it's one of the higher-end ones. So it would make us a significantly low-cost or green caustic soda to about 47%, 40% of our total energy needs. That has also meant that our power grid rate has reduced significantly, which the grid rate is at about INR8.3, whereas captive power comes at about INR2 and group captive power comes at about INR4.50. So that is where the cost efficiencies are showing and coming through, that even at lower realizations, we're doing significantly better than what you would expect us to be doing. Page 2 of 13 Lords Chloro Alkali Limited November 04, 2026 It also means even though we're in commodity chemicals, the intent is to try to rationalize our EBITDAs such that there's not big swings basis the realizations of caustic soda, and we're able to always deliver profitability come what may in terms of realizations of caustic soda. Our manufacturing unit in Alwar, Rajasthan also allows us to expand within this because it's on 84 acres land. And as you are aware we are having an INR315 crores capex plan, of which approximately INR150 crores was completed last year. Another INR165 crores will be completed by July of next year, at the latest. Now, I just want to take you through a bit of the numbers, although you have all the numbers available with you. The total income stood at about INR115 crores, which is the highest revenue that we have done, in comparison to Q2 FY26, which was at about INR100 crores. Means a year-on-year growth of about 14%, and that too on lower realizations. This is primarily because we were able to produce and sell far more caustic soda in terms of volumes, as well as the improvement in realizations of chlorinated paraffin wax. In terms of volumes, we did about 23,000 tons of caustic soda lye as opposed to 21,000, if you compare Q2 FY27 versus Q2 FY26. Now, for the first half, as I mentioned, total income was similar to H1 FY26, which is INR222 crores this year versus INR201 crores last year. And that INR20 crores is a marginal jump in terms of realization and is primarily due to the volumes. We will get a significant jump subsequent to the expansion plans that are yet to be commissioned, which will be happening primarily in March and at most July. Our EBITDA of H1 FY26 has registered a growth of about 10.36%, which is, also significant. On the operational front, the volumes of caustic soda, as I mentioned, are over 9%, year-on-year. And CPW is over actually 40% in terms of volumes. So we've done a much significant growth in chlorinated paraffin wax. It is a new product for us and we've been producing it for only a year, year and a half. So, we've significantly managed to get our products sold in the market. Power and fuel expenses is something where we are trying to do our cost expense savings. So for example, if you see power and fuel expenses declined to INR37.79 crores despite the increase in sales of caustic soda and the production of caustic soda from INR42 crores in just the previous quarter. So, quarter-on-quarter, INR5 crores reduction in power cost. This may actually increase coming next quarter. So we're doing well on that. Employee benefits have increased. This includes Diwali bonus. This includes, for example, the higher incentives and the variable employee benefits that we have over here. The PBT has largely remained the same, about INR28 crores for the first half of this year versus last year. I repeat myself, but it's even though it's due to much lower realizations, we've done fairly the same even though the caustic soda realizations were much lower. The commissioning of the additional captive solar plant in September marks an important step because that will bring us to about 40% of our power coming from renewable sources and decrease the power cost significantly. Page 3 of 13 Lords Chloro Alkali Limited November 04, 2026 We remain focused on capacity expansion, downstream integration plans, and the planned expansion of caustic soda and CPW. We are committed on the timelines that we had originally envisaged, and thank you for all the investors and analysts for their continued support and engagement with the company. And we are now open to any questions that you may have. Moderator: Thank you very much. We will now begin the question-and-answer session. Moderator: Anyone who wishes to ask a quest [Showing first 8,000 characters — download PDF for full document]