Earnings Call Transcript for Q1 FY 2026-27.

August 13, 2026 SEL/SEC/2026-2027/26 BSE Limited National Stock Exchange of India Ltd Department of Corporate Services Exchange Plaza, C-1, Block-G, P. J. Towers, 25th Floor, Dalal Street, Bandra Kurla Complex, Bandra (E) Mumbai- 400 001 Mumbai- 400 051 Ref: 532509 Ref: SUPRAJIT Dear Sirs, Sub: Investors Q1 FY 27 Earning Call Transcript. The Transcript of the Investors Earning call held on Friday, August 7, 2026 is enclosed herewith. The Transcript is also available on the website of the Company at www.suprajit.com. Kindly take the aforesaid information on record in compliance of SEBI (Listing Obligations and Disclosure Requirements), Regulations 2015. This is for your information & record. Thanking you, Yours faithfully, For Suprajit Engineering Limited Medappa Gowda J CFO & Company Secretary Encl: as above “Suprajit Engineering Limited Q1 FY27 Earnings Conference Call” August 07, 2026 MANAGEMENT: MR. K. AJITH KUMAR RAI – FOUNDER AND CHAIRMAN – SUPRAJIT ENGINEERING LIMITED MR. N.S. MOHAN – MANAGING DIRECTOR AND GROUP CHIEF EXECUTIVE OFFICER – SUPRAJIT ENGINEERING LIMITED MR. AKHILESH RAI – DIRECTOR AND CHIEF STRATEGY OFFICER – SUPRAJIT ENGINEERING LIMITED MR. MEDAPPA GOWDA J – CHIEF FINANCIAL OFFICER AND COMPANY SECRETARY – SUPRAJIT ENGINEERING LIMITED MODERATOR: MR. MUMUKSH MANDLESHA ANAND RATHI SHARES AND STOCK BROKERS LIMITED Page 1 of 20 Suprajit Engineering Limited August 07, 2026 Moderator: Ladies and gentlemen, good day, and welcome to the Suprajit Engineering Q1 FY '27 Earnings Conference Call hosted by Anand Rathi Shares and Stock Brokers. 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. Mumuksh Mandlesha from Anand Rathi Shares and Stock Brokers. Thank you, and over to you, sir. Mumuksh Mandlesha: Yes. Thanks, Shruti. On behalf of Anand Rathi Shares and Stock Brokers, I welcome you all to the Suprajit Engineering Q1 FY '27 Results Conference Call. I thank the management for taking time out for this call. From the management side, we have Mr. Ajith Kumar Rai, the Founder and Chairman; Mr. N.S. Mohan, MD and Group CEO; Mr. Akhilesh Rai, Director and Chief Strategy Officer; and Mr. Medappa Gowda J., CFO and Company Secretary. I request Ajith sir and team to give an introduction review about the results, and then we can follow up with the Q&A session. Over to you, sir. K. Ajith Kumar Rai: Thank you, Mumuksh, and good morning to you all. Greetings from Suprajit. Thank you for joining us for the Q1 call. As you all know, the Middle East conflict, the oil and commodity prices, trade restrictions and shipping disruptions continue to be in play. Global automotive and non-automotive business have been not growing. They also stayed muted. India had a very good quarter in terms of the automotive numbers with the sector growing at about 22% and both passenger vehicle and 2-wheeler segments had a solid double-digit growth. From our point of view, I think our team will talk briefly about how we performed. But on an operating level, I think we have had an exceptionally good quarter. Consolidated revenue grew up by about 24%. EBITDA was up by nearly 57%. We had the highest ever quarterly operating revenue of INR1,070 crores in this quarter. Stand- alone margins came under pressure, and Mohan will be walking through that as to what happened and how it's going to be a temporary phenomenon for us. And then we will take on the questions after all our briefings done from our team. First of all, I'll hand over to Medappa for a brief financial detail. Medappa? Medappa Gowda J.: Yes. Thank you, sir. Good morning, everyone. The consolidated revenue for the quarter ended June 2026 was INR1,070 crores as against INR863 crores for the corresponding previous year, recording a growth of 24%. The consolidated operational EBITDA for the quarter ended June 2026 was INR129 crores as against INR82 crores for the corresponding previous year, recording a growth of 57%. The stand-alone revenue for the quarter ended June 2026 was INR470 crores against INR390 crores for the previous year, recording a growth of 20%. Page 2 of 20 Suprajit Engineering Limited August 07, 2026 The stand-alone operational EBITDA for the quarter ended June 2026 was INR60 crores against INR61 crores for the corresponding previous year, recording a degrowth of 0.3%. The total debt level was INR776 crores as on June 2026. Surplus cash balance was INR243 crores as on June 2026 invested in the mutual funds and bonds. For further queries, you can connect with me even after the call. Thank you very much. K. Ajith Kumar Rai: Mohan? Mohan Nagamangala: Very good morning. Thank you, Medappa. So let's start with the Global Cables and Mechatronics, what we call it as GCM now, which used to be formerly called as SCD, Suprajit Controls Division. First of all, the revenue went up by 27% almost 28% and EBITDA moved very smartly from 5.8% to 12.6%. This has been an outcome of the global restructuring that we had been explaining over the last few quarters. Thank you for all your patience, and we are finally seeing the results here. GCM continues to work with our customers and also with some of the governments for a fair recovery of the tariffs, particularly in U.S.A. And we have certain VAT recoveries in China, Canada and Germany, which was a part of the acquisitions that we had done there. In terms of new business, we are ramping up new projects, both in China and in India. China, we have one of the largest OEMs that we are now working with, and we are going to launch the product with them is the Chinese OEM. And again, in India, we are launching quite a few lines and products for a large U.S. OEM who is specifically looking to building a resilient supply chain as they describe it. These are all driving good volumes at the GCM. This quarter was very strong for new business wins also, and we have recorded business wins across India, Mexico, China, which I think is showing the customers' various preferences, particularly with the kind of global footprint that we have today. With this, I move to India. And before I get into the specifics, let me just talk about something in general. First things, I think we need to recognize that we have strong headwinds that has hit us not in terms of the market itself, market is doing good, but the raw material prices are really gone sky high. And to compound with that, what we have had is an increase in employee costs. So, this happened, as you know, in the NCR region, all those unrests happened and the elections happened. Therefore, we had a lot of migration of labor going back to their vote to vote in their constituency. Therefore, these were the kind of headwinds we faced. While we have mechanisms with our customers to tackle with the material cost increases, employee cost increase has been a different angle for us. And for the first time in many years, we have approached the customers to pass this on to. And quite many customers understand this pain point and some of them have already agreed to make payments. I'm sure that we should be able to see a reason in the industry and make good of it neck of the productivity measures that we are going to take. Page 3 of 20 Suprajit Engineering Limited August 07, 2026 Having said that, let me start now with the specifics. Now I move to India Cables and Mechatronics or ICM, which we used to call it as DCD earlier. Revenues went up by almost 21%. This is broad-based. If you look at it, OEM, aftermarket, everything put together. But EBITDA grew only by 4.2% with the margins down from almost 15% to 13%. This was primarily due to the cost pressures that I mentioned to you. In our opinion, this is very clearly a t [Showing first 8,000 characters — download PDF for full document]