Analysts/Institutional Investor Meet/Con. Call Updates

August 10, 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 ON UN-AUDITED FINANCIAL RESULTS FOR THE QUARTER ENDED JUNE 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 ended June 30, 2026. The transcript of the conference call held on Wednesday, August 5, 2026 with investors/analysts to discuss the Company’s Q1FY27 Financial 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 Q1 FY27 Earnings Conference Call” August 05, 2026 MANAGEMENT: MR. PRANAV SINGLA – EXECUTIVE DIRECTOR – JTL INDUSTRIES LIMITED MR. DHRUV SINGLA – EXECUTIVE DIRECTOR – JTL INDUSTRIES LIMITED MR. NAVEEN LAROIYA – CHIEF FINANCIAL OFFICER – JTL INDUSTRIES LIMITED MODERATOR: MS. SNEHA TALREJA – NUVAMA Page 1 of 12 JTL Industries Limited August 05, 2026 Moderator: Ladies and gentlemen, good day, and welcome to the JTL Industries Limited Q1 FY27 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 this 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 Ms. Sneha Talreja from Nuvama. Thank you, and over to you. Sneha Talreja: Thank you, Ananya. Good afternoon, everyone. I warmly welcome everybody to JTL Industries Quarter 1 FY27 Earnings Con Call. On the management side, today, we have with us Mr. Pranav Singla, Executive Director; Mr. Dhruv Singla, Executive Director; and Mr. Naveen Laroiya, CFO. Without taking any more time, I will now hand over the call to Mr. Naveen. Sir, over to you, sir, for your opening remarks. Naveen Laroiya: Good afternoon, everybody. This is Naveen Laroiya, CFO of JTL Industries Limited. I thank you all for joining the earnings conference call of JTL Industries Limited to discuss the performance for quarter 1 of financial year '27. We appreciate your continued support and interest in our company. The company achieved its highest ever quarterly revenue from operations and EBITDA in Q1 FY27. Revenue from operations reached INR722 crores, while EBITDA was INR59 crores with a margin of 8.1%. Profit after tax for the quarter was INR35 crores with a margin of 4.9%. PAT of INR35 crores is after INR2.8 crores of additional noncash depreciation arising from the March 2026 asset revaluation at JTL Defence Limited, erstwhile RCI Industries & Technologies Limited. The company has reported a sales volume of 1,18,513 metric tons during Q1 FY27, reflecting 17.8% year-on-year growth. Operational revenue per ton increased to INR60,882 while operational EBITDA per ton without other income improved to INR4,954 per metric ton, supported by an improved product mix and continued focus on operational efficiencies. During the quarter, the company continued to strengthen its presence across key end user industries through its value-added product portfolio. DFT structural steel pipes continue to gain acceptance across the dealer network and industrial applications, supported by improved production and capacity utilization at the Mangaon facility. The quarter also marked progress in strengthening the company's presence in the water infrastructure segment with the receipt of INR27 crores order for the supply of galvanized iron pipes for water supply and distribution projects in Himachal Pradesh. This order reinforces the Page 2 of 12 JTL Industries Limited August 05, 2026 company's capability to cater to institutional infrastructure requirements and further strengthens its position in the domestic market. The company continues to focus on improving operational efficiencies, expanding the contribution from value-added products and strengthening its presence across domestic and export markets. Supported by its integrated manufacturing platform and diversified portfolio, JTL Industries remains focused on creating long-term value through disciplined execution and sustained operational performance. With this, I would now request the moderator to open the floor for questions-and-answers. Thank you. Moderator: Thank you very much. We will now begin the question-and-answer session. The first question is from the line of Lokesh Kashikar from SMIFS Institutional Equities. Please go ahead. Lokesh Kashikar: Yes, hi. Congratulations sir, on the very good set of numbers during the quarter. A couple of questions from my side. Starting with EBITDA per ton. This quarter, the EBITDA per ton was closer to around INR5,000 and it was elevated and better than guidance. So just wanted to confirm, is there any one-off like inventory carrying gains or it is just a function of value-added mix? That's the first question from my side. Pranav Singla: Hi, Lokesh. Thanks for the question. So, if you look at consolidated EBITDA per ton, so this includes the consolidation of JTL Defence as well. So JTL Defence contributed close to INR200 addition in the EBITDA per ton. Barring that, the EBITDA per ton was at around INR4,750 level, which was again a growth as well. And as we mentioned that this year's target for us is to maintain the EBITDA around INR4,500. So, we are well intact to get the guidance reached. And the only contribution added of was JTL Defence. Lokesh Kashikar: And sir, what would be the guidance? It would be closer to -- on the consolidated level, it would be around INR4,500 to INR5,000 or how it would be? Pranav Singla: So, given the normalized situation of HRC right now, so we are very confident that the INR4,750 EBITDA per ton in JTL Steel tube and pipe segment is something that we can see in the coming quarters as well. There is an upward trajectory that we foresee ahead as well. So, we are very confident that consolidated level, INR5,000 is something that we'll definitely see in the coming quarters as well. Lokesh Kashikar: Sure. And sir, secondly, what was the value-added mix during the quarter? And what was the export component to the overall mix? Pranav Singla: So, the value-added composition was again close to 35%, what we have been doing in the past as well. There was slightly a dip in the exports this time. That was majorly because of the container shortages happening all over. So, our exports were at 5% this quarter. Going ahead, we have a healthy order book of exports. Actually, one of the biggest order books of exports Page 3 of 12 JTL Industries Limited August 05, 2026 right now we have in our hand. But because of the whole container situation, there has been some lag in dispatches. But going ahead, we cover everything. Lokesh Kashikar: Sure, sure. And sir, last one, just checking on the volume growth guidance. Earlier, you have guided for around 30% volume growth for FY27. So that remains intact? Pranav Singla: Definitely, that remains intact. So, my H2 is usually stronger than H1, given that I do similar kind of volumes, actually higher kind of volumes than what you did, done in Q1. And if you do a 20% growth over that, so we will anyways cross the 30% guidance as well. But still 30% is something that we will definitely achieve, but our aim will be to deliver more than that as well. Lokesh Kashikar: Sure, sure. That’s it from my side. Thank you. Moderator: Thank you very much. The next question is from the line of Souvik from Nuvama. Please go ahead. Souvik: Hello. Hi, hi management. H [Showing first 8,000 characters — download PDF for full document]