Transcript of Analysts/Investors conference call on Unaudited Financial Results for the quarter ended 30th June, 2026.

Dept. of Corporate Services – Corporate Relationship, National Stock Exchange of India BSE Limited, Limited, Phiroze Jeejeebhoy Towers, Dalal Street, Listing Department, Mumbai - 400 001. Exchange Plaza, C-1, Block ‘G’ Bandra-Kurla Complex, Bandra (East), Mumbai - 400 051. Scrip Code: 509496 Scrip Code: CEMPRO Date Our Reference No. Our Contact Direct Line 04th August, 2026 SEC/08/2026 RAHUL NEOGI 91 22 67680814 cs@cemindia.co.in Sub: Transcript of Analysts / Investors conference call on Unaudited Financial Results for the quarter ended 30th June, 2026. Dear Sir/Madam, In terms of Regulation 30 read with clause 15 of Para A of Part A of Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find enclosed the Transcript of Analysts / Investors conference call held on 29th July, 2026 relating to the Unaudited Financial Results for the quarter ended 30th June, 2026. We have uploaded the same on the website of the Company at https://www.cemindia.co.in/wp- content/uploads/2026/08/ConcallTranscript_Q1FY27_040826.pdf Thanking you, Yours faithfully, For Cemindia Projects Limited (formerly ITD Cementation India Limited) (RAHUL NEOGI) COMPANY SECRETARY “Cemindia Projects Limited Q1 FY '27 Earnings Conference Call” July 29, 2026 MANAGEMENT: MR. JAYANTA BASU – MANAGING DIRECTOR, CEMINDIA PROJECTS LIMITED MR. NITESH SHARMA – CHIEF FINANCIAL OFFICER, CEMINDIA PROJECTS LIMITED MR. RAHUL AGARWAL – HEAD, INVESTOR RELATIONS, CEMINDIA PROJECTS LIMITED MODERATOR: MR. MOHIT KUMAR – ICICI SECURITIES LIMITED Page 1 of 22 Cemindia Projects Limited July 29, 2026 Moderator: Ladies and gentlemen, good day and welcome to the Cemindia Projects Limited Q1 FY '27 Earnings Conference 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 ‘*’ then ‘0’ on your touchtone phone. Please note that this conference is being recorded. I would now like to hand the conference over to Mr. Mohit Kumar from ICICI Securities. Thank you and over to you, sir. Mohit Kumar: Thank you, Manav. Good afternoon. On behalf of ICICI Securities, I welcome you all to the Q1 FY '27 Earnings Call of Cemindia Projects Limited. Today, we have with us from the Management, Mr. Jayanta Basu – Managing Director, Mr. Nitesh Sharma – CFO, and Mr. Rahul Agarwal – Head of Investor Relations. We will begin with the opening remarks from the management, which will be followed by Q&A. Thank you and over to you, sir. Nitesh Sharma: Thank you, Mohit. Good afternoon, everyone, and thank you for joining us today for the Q1 FY '27 Results Con Call. So, this is Nitesh Sharma, CFO of Cemindia Projects Limited. Before we begin, I would like to mention that our discussion today may include certain forward- looking statements relating to Cemindia Projects Limited. These statements are based on management's current expectations and assumptions and are subject to risks and uncertainties that would cause actual results to differ materially. I shall begin with an overview of the financial performance for the quarter, following which our MD, Mr. Jayanta Basu, would take you through the company's operational performance. So, we are pleased to report a healthy start to the financial year with continued growth in both revenue and profitability. During Q1 FY '27, operating income increased by 6% year-on-year to Rs. 2,721 crores from Rs. 2,576 crores in the corresponding quarter last year. This reflects a steady execution across our project portfolio. EBITDA grew at 9% year-on-year to Rs. 285 crores compared to Rs. 261 crores in Q1 FY '26. EBITDA margin improved to 10.5% from 10.1%. Profit after tax increased to Rs. 141 crores from Rs. 137 crores in Q1 FY '26, representing a growth of 3% year-on-year. Page 2 of 22 Cemindia Projects Limited July 29, 2026 Order flow continues to remain strong. During Q1 FY '27, we secured orders worth Rs. 8,519 crores. In July, we added another Rs. 1,247 crores of new orders and we are presently L1 in projects valued at approximately Rs. 990 crores. Overall, this represents new orders of approximately Rs. 10,756 crores, providing strong revenue visibility, supporting growth and execution momentum over the coming quarters. Now, I would request Mr. Basu to take you through the operational performance. Thank you. Jayanta Basu: Thank you, Nitesh. I welcome all of you to this con call Q1 '26-'27 results of Cemindia Projects Limited. As you can see that our Q1 performance for this year has been steady compared to previous quarters. EBITDA around 10.5%, PAT 5.2% and revenue around Rs. 2,700 crores, which used to be Rs. 700 crores three years back per quarter. There is a substantial increase and there are plenty of opportunities. As you can see that our work in hand position is quite healthy as on date. Today, around Rs. 31,000 crores is work in hand, which used to be normally Rs. 18,000-20,000 previously as you know. And we will be continuously pursuing to secure more jobs in the segments where we want to work. Interestingly that in 1st Quarter we have secured more than Rs. 8,000 crores of job as compared to Rs. 2,900 crores secured during first quarter of last year. So, almost 3x increase in work secured in this quarter compared to previous year, same quarter. So, I hope that this same momentum will be maintained. And as because there are a lot of opportunities, naturally we have to also internally be prepared to grab those opportunities and execute them. And we are prepared for that. We are specially focusing on our team and some transformations also is going on. We are focusing mostly on digitalization of various activities, technology part, use of technology basically, use of technology in construction method, use of technology in project planning and monitoring method, usage of AI, all these things are being persuaded. There is routine follow- up from the Board members and the senior management team. So, we are getting prepared also to handle the revenue jump what we are expecting now from this opportunity. About the present projects, as all of you know, mostly all of you know that we have secured two metro jobs, one in Pune, one in Delhi metro underground. Those are under mobilization stage. Pune has progressed a lot. Delhi metro just started. And in addition to that, we have secured a job at West Bengal, Burnpur for Steel Authority of India Limited, which involves huge quantity of structural fabrications work, which we are used to normally because we have done plenty of airport work very recently. So, that is something. Page 3 of 22 Cemindia Projects Limited July 29, 2026 And beyond that, from the group also we have secured around Rs. 6,000 crores job and two of them are major. One is at Munger for Elevated Corridor Road and Morsagar in Rajasthan, irrigation canals and stuff like that. So, I think the opportunities are there. We are doing well. So, I will be happy to answer any questions going forward. So, that is all from my side now. Thank you. Moderator: Thank you very much, sir. We will now begin the question-and-answer session. We have our first question from the line of Jainam Jain from DAM Capital. Please go ahead. Jainam Jain: Sir, congratulations on the good set of numbers. Sir, my first question is we have received order for civil work for HVDC substation in Rajasthan. I am assuming that we have received this order from one of our group companies and I wanted to understand whether we are planning to expand our EPC work in T&D segment as well? Jayanta Basu: T&D segment, no, because I do not know which one you are mentioning. We have received the order for Morsagar which is Morsagar irrigation work. HVDC work is a very small work which is a part of existing, I think, airport terminal. So, it has got nothing to do with [Showing first 8,000 characters — download PDF for full document]