Submission of Q1 FY27 Earning Conference Call Transcript

talb @’ Talbros Automotive Components Ltd. www.talbros.com 14" August, 2026 Listing Department Listing Department BSE Limited National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers Exchange Plaza, Plot No. C-1, G Block Dalal Street Bandra Kurla Complex, Bandra (East) Mumbai — 400 001 Mumbai — 400 051 Scrip Code: 505160 Symbol: TALBROAUTO Sub: Submission of Q1 FY27 Earnings Conference Call Transcript Dear Sir/ Ma’am, Pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find enclosed herewith Q1 FY27 Earnings Conference Call Transcript. The same will also be available on the website of the Company at https://www.talbros.com/ . This is for your information and record. Thanking you, Yours Sincerely . For Talbros Automotive Components Limited Seema Narang Company Secretary & Compliance Officer Encl.: As above regd. Office : 14/1, mathura road, faridabad-121003 haryana, india . ph: + 91 129 2275434/35/36/37 . fax : +91 129 2277240, 2272263 . e-mail: talbros@talbros.com CIN : L29199HR1956PLC033107 talbr@s “Talbros Automotive Components Limited Q1 FY27 Earnings Conference Call” August 11, 2026 E&OE - This transcript is edited for factual errors. In case of discrepancy, the audio recordings uploaded on the stock exchange on August 11, 2026 will prevail. calor@s . MANAGEMENT: MR. ANUJ TALWAR — MANAGING DIRECTOR — TALBROS AUTOMOTIVE COMPONENTS LIMITED MR. NAVIN JUNEJA — DIRECTOR AND GROUP CHIEF FINANCIAL OFFICER- TALBROS AUTOMOTIVE COMPONENTS LIMITED SGA-INVESTOR RELATIONS ADVISORS Page 1 of 11 Talbros Automotive Components Limited August 11, 2026 Moderator: Ladies and gentlemen, good day, and welcome to the Talbros Automotive Components 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 concludes. Should you need assistance during this conference call, please signal an operator by pressing star then zero on your touchtone phone. Please note that this conference is being recorded. This conference call may contain forward-looking statements about the company, which are based on the beliefs, opinions and expectations of the company as on the date of this call. These statements are not the guarantees of future performance and involve risks and uncertainties that are difficult to predict. I now hand the conference over to Mr. Anyj Talwar, Managing Director. Thank you, and over to you, sir. Anyj Talwar: Thank you. Good afternoon, everybody. A very warm welcome to Talbros Automotive Components Quarter 1 earnings for '27. On the call today, I'm joined by Mr. Navin Juneja, our Director and Group CFO, along with our IR firm, SGA. The results and the investor presentation have been uploaded on the stock exchange and the company website. Before I take you through our performance, I'd like to spend a moment on the broader industry landscape. The Indian automotive industry delivered a healthy performance during the first quarter of '27, supported by continued demand across key vehicle categories, improving consumer sentiment, sustained infrastructure spending and improved supply chain stability. Structural trends such as premiumization, increasing localization, vehicle electrification and global chain diversification continue to create significant opportunities for the domestic auto com industry. The passenger vehicle industry recorded sales of approximately 1.27 million units, registering a growth of 26% year-on-year. The growth was primarily driven by sustained demand for SUVs, premium vehicles as well as new model launches. The 2-wheeler segment also continues recovery with a growth of almost 20% year-on-year at 5.63 million units. The growth was supported by improving rural demand, stable financing availability and obviously, the GST cut as well. This segment and the one above remain important for Talbros as we are supplying to both passenger vehicles and 2-wheeler segment. You'l also see in the coming slides thatin the pure PV joint venture that we have, we have grown higher than industry. Commercial vehicles recorded steady performance during quarter with industry volume of nearly 2.83 lakh units, registering a healthy 15% growth. The growth was supported by robust infrastructure spending, improved freight movement as well as mining activities. The long-term outlook for the segment remains positive, driven by sustained government capex and resilient growth targets. Electric mobility continued to witness healthy adoption across vehicle segments. EV passenger vehicles volume grew by 87% year-on-year, while electric 2-wheeler continued to gain market share. with a growth of approximately 68%, supported by increasing charging infrastructure. Rising fuel prices and this entire disruption that's happened in the West war gave birth to electric vehicles getting more and more popular. Page 2 of 11 Talbros Automotive Components Limited August 11, 2026 As you know, Talbros Automotive is anyway supplying a lot of components to electric vehicles. We maintained strong partnerships with our diversified customer base with OEMs such as Maruti, Tata, Jaguar, Land Rover, Bajaj, etcetera. Beyond domestic demand, global supply chain continue to undergo structured realignment. Several international OEMs are actively diversifying their supply chain away from China and expand sourcing from India. ‘We expect to capture meaningful growth opportunities, increasing our wallet share with existing customers while also establishing relations with new OEMs to expand our customer base. Coming to our performance, 'm pleased to share that Talbros has delivered yet another record quarter, achieving its highest ever quarterly revenue and surpassing the previous high recorded in quarter 4 of '26. During Q1, our total income stood at INR242 crores, registering a growth of 15% year-on-year. EBITDA at INR43 crores at a margin of 17.6%. Margins during the quarter witnessed temporary pressure on account of elevated commodity prices, particularly steel and aluminium as well as other inflation costs such as labour increases in some states. But we are very positive that we will get these increases from the OEMs in the coming quarters. Our diversified business model, balanced exposure across domestic export markets and presence across multiple vehicle segments continue to provide resilience during varying industry cycles. Our gasket and heat shield division continue to remain the largest contributor to our business, giving a 52% share in the revenue. The division reported revenue of INR164 crores of the INR242 crores I mentioned to you, growing by 21% year-on-year. And EBITDA increased to INR29 crores with a growth of 32%. Growth has come basically from increased heat shield exposure with carmakers like Hyundai and Kia as well as a lot of data centre business, which I'll talk about later in my speech. ‘We continue to maintain our leadership position with nearly 50% market share in the domestic gasket market and a single source of many, many OEMs. As mentioned to you, our heat shield business is showing good momentum, strong momentum because it's again a lightweighted product. It's for noise, vibration and harshness, NVH. It's something for the future, and we are probably the largest player for this product category in India. Our Forging division continued its recovery this quarter with revenues being at about INR78.4 crores. Again, as you know, that forging is pretty much a total export-oriented unit. And what do you call it it's exporting to U.S. to UK. and Europe, not U.S.A., UK. and Europe. And the European car markets are still slow right now given the fact there's a lot of inflation pressure out there. And even the Chinese car segment has really, really dented their balance sheet. However, we see this as an opportunity for the Forging division where we have got [Showing first 8,000 characters — download PDF for full document]