Transcript of the earnings conference call for the Q1FY27 ended on June 30, 2026

AC/2079 06.08.2026 The Secretary, National Stock Exchange of India Limited, BSE Limited, Exchange Plaza, 5th Floor, Phiroze Jeejeebhoy Towers, Plot No.C/1, G Block, Dalal Street, Bandra-Kurla Complex, MUMBAI - 400 001 Bandra (E), Mumbai - 400 051 Stock Code: 513517 Stock Symbol: STEELCAS Dear Sir/Madam, Subject: Transcript of the earnings conference call for the Q1FY27 ended on June 30, 2026 Pursuant to Regulation 30 and 46 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find enclosed the transcript of the earnings conference call for the Q1FY27 ended on June 30, 2026 which was conducted on July 30, 2026 after the meeting of Board of Directors held on the July 29, 2026. The above transcript is also available on the website of Company at the following link: https://www.steelcast.net/pdf/investor/EY-Steelcast_transcript-Jul30-2026.pdf We request you to take the same on your record. Thanking you, For STEELCAST LIMITED, (Umesh V Bhatt) COMPANY SECRETARY L:\AC\2079\COMPLIANCES\SECRETARIAL\NSE and BSE Announcements\Earning Calls\2026.07.30\Intimation to SEs for Transcript.docx “Steelcast Limited Q1 FY27 Earnings Conference Call” July 30, 2026 MANAGEMENT: MR. CHETAN TAMBOLI – CHAIRMAN AND MANAGING DIRECTOR – STEELCAST LIMITED MR. RUSHIL TAMBOLI – WHOLE-TIME DIRECTOR – STEELCAST LIMITED MR. SUBHASH SHARMA – EXECUTIVE DIRECTOR AND CHIEF FINANCIAL OFFICER – STEELCAST LIMITED MR. UMESH BHATT – COMPANY SECRETARY – STEELCAST LIMITED MODERATOR: MR. ARPIT MUNDRA – ERNST & YOUNG Page 1 of 1 Steelcast Limited July 30, 2026 Moderator: Ladies and gentlemen, good day, and welcome to Steelcast Limited Q1 FY27 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 ends. 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. Arpit Mundra from EY team. Thank you, and over to you, Mr. Mundra. Arpit Mundra: Thank you, Renju. Good morning, everyone. We welcome you all to Steelcast Limited earnings call to discuss the Q1 FY27 financial results. Today from the management side, we have with us Mr. Chetan Tamboli, Chairman and Managing Director; Mr. Rushil Tamboli, Whole-Time Director; Mr. Subhash Sharma, Executive Director and CFO; and Mr. Umesh Bhatt, Company Secretary. Please note a copy of all the disclosures is available in the Investors section of the website as well as on the stock exchanges. Further, a detailed Safe Harbor statement is given on Page number 27 of the investor presentation of the company. Please note that anything said on this call, which reflects the outlook for the future or which could be construed as a forward-looking statement must be reviewed in conjunction with the risks that the company faces. Now I shall hand over the call to Mr. Chetan Tamboli for his opening remarks. Over to you, sir. Thank you. Chetan Tamboli: Thank you, Arpit bhai, and a very good morning to everyone. We welcome you to Steelcast's earnings conference call to discuss the company's performance for the first quarter ended 30th June '26. Our Board meeting concluded yesterday and the financial results, along with the investor presentation have been uploaded on the stock exchange and the company's website. We trust you have had an opportunity to review the same. Now let me begin by sharing an overview of the global and Indian economic environment. The global economy remained resilient despite geopolitical tensions, trade policy shifts and supply chain realignments. Global GDP growth was estimated at 3.3% for the calendar year 2026. India continued to be the fastest-growing major economy supported by robust domestic consumption, sustained government-led infrastructure spending and strong policy focus on manufacturing and localization. GDP growth is estimated at 6.5% to 7% for the calendar year 2026. Industrial activity remains strong across manufacturing, infrastructure and mining, creating a favorable demand environment for key industrial sectors. Government initiatives such as Make in India, PLI schemes and infrastructure investments continue to support India's long-term manufacturing and industrial growth story. Let me now briefly touch upon industry trends before moving on to our financial performance. The casting and forging industry continues to benefit from strong demand across mining, earthmoving, construction, railways, defense and other industrial sectors, supported by increased infrastructure investments, manufacturing localization and global supply chain Page 2 of 2 Steelcast Limited July 30, 2026 diversification. Demand fundamentals remain robust, driven by strong equipment utilization in the mining and construction sectors, continued expansion in infrastructure projects and growing requirements for ground engaging tools, wear parts and high-performance steel castings used in excavators, loaders and heavy earthmoving machinery. The Indian foundry industry is projected to grow at a healthy pace, supported by investments in transportation, energy, mining, industrial development, while the forging industry continues to benefit from opportunities across automotive, defense, railways and heavy engineering sectors. Let me now briefly highlight our quarterly financial performance for Q1 FY27. During Q1 FY27, the revenue from operation was at INR124.82 crores, a growth of 17% from INR106.69 crores in Q1 FY26. EBITDA during the quarter was at INR35.24 crores, a growth of 17.37% from INR30.02 crores in Q1 FY26. EBITDA margin was at 28.23% from 28.14% in Q1 FY26. PAT during the quarter was at INR23.71 crores, a growth of 19.26% from INR19.88 crores in Q1 FY26. PAT margin was at 19% from 18.64% in Q1 FY26. Ladies and gentlemen, as we look ahead, the company remains firmly committed to sustainable capacity-led growth. In line with our increasing production requirements and our focus on reducing carbon emissions, we are significantly strengthening our renewable energy footprint. Currently, two renewable power projects are under implementation, a 2.4-megawatt hybrid power plant comprising of wind and solar and 1.4 megawatt solar power plant. Both projects are progressing and are expected to be commissioned before 31st December '26. Simultaneously to cater to growing market demand and enhance our manufacturing capabilities, the Board has approved the establishment of Greenfield Foundry with a capacity of 8,500 tons. This facility will manufacture steel castings across a wide range of applications from 5 kg to 1,000 kg and involve a planned investment of approximately INR120 crores over the next 2 years. While energy costs have remained elevated due to the impact of global geopolitical developments and sustained pressure on fuel prices, we have successfully ensured adequate fuel availability to support uninterrupted production. Backed by these strategic investments and operational preparedness, the company is fully geared to meet the growing demand of the market and capitalize on emerging growth opportunities in the years ahead. With increase in the input cost of various raw materials and natural gas, we would be having price correction on upward basis, and this will be effective 1st July '27. In the end, I would like to state that as communicated to you in the previous quarter, we remain confident in our ability to sustain growth momentum, maintain healthy profitability and deliver long-term value creation, targeting a growth trajectory of approximately 20% CAGR over the coming years. And for FY27, we expect a growth of 25% compared to last financial year. There will be a sequential improvement in top line from here on for several quarters. Margins will remain in guided range and focus is to drive top line. Operating leverage benefit should Page 3 of 3 Steelca [Showing first 8,000 characters — download PDF for full document]