Analysts/Institutional Investor Meet/Con. Call Updates

Date : 14.08.2026 Place: Hyderabad BSE Limited The National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers, Dalal Street, BandrakKurla Complex, Bandra East Fort Mumbai - 400 001 Mumbai - 400 051 Dear Sir/Madam, Sub: Transcript of the Q1 FY27 Results conference call hosted on 13th August, 2026 - Reg. BSE Scrip code: 513228 / NSE Symbol: PENIND Dear Sirs, Pursuant to Regulation 30 & 46 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and with reference to our Results conference call intimation dated 7th August, 2026, please be informed that the Results conference call for Q1 FY27 was hosted on 13th August, 2026 and the Transcript of the conference call is enclosed for information and record. The same is available on the Company’s website viz: https://www.pennarindia.com/investors/investor-updates/Q1&FY27-Earnings-Conference-Call- Transcript.pdf Thanking you, Yours faithfully, for Pennar Industries Limited Mirza Mohammed Ali Baig Company Secretary & Compliance Officer ACS 29058 “Pennar Industries Limited Q1 FY27 Earnings Call” August 13, 2026 MANAGEMENT: MR. ADITYA RAO – VICE CHAIRMAN AND MANAGING DIRECTOR – PENNAR INDUSTRIES LIMITED MR. SHRIKANT BHAKKAD – CHIEF FINANCIAL OFFICER – PENNAR INDUSTRIES LIMITED MR. MANOJ – PRESIDENT, CORPORATE PLANNING – PENNAR INDUSTRIES LIMITED MR. K.M. SUNIL – VICE PRESIDENT, INVESTOR AND MEDIA RELATIONS – PENNAR INDUSTRIES LIMITED MODERATOR: MR. VIKRAM SURYAVANSHI – PHILLIPCAPITAL Page 1 of 23 Pennar Industries Limited August 13, 2026 Moderator: Ladies and gentlemen, good day, and welcome to Pennar Industries Q1 FY27 Earnings Call. As a reminder, all participant lines will be in 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 date of this call. These statements are not guarantees of future performance and involve risks and uncertainties that are difficult to predict. I now hand the conference over to Mr. Vikram Suryavanshi. Thank you, and over to you, sir. Vikram Suryavanshi: Thank you, Atharv. Good morning, and very warm welcome to everyone. Thank you for being on the call of Pennar Industries Limited. We are happy to have with us the management of Pennar Industries for question-and-answer session. The management is represented by Mr. Aditya Rao, Vice Chairman and Managing Director; Mr. Shrikant Bhakkad, Chief Financial Officer; Mr. Manoj, President, Corporate Planning; and KM Sunil, Vice President, Investor and Media Relations. Before we start with the question-and-answer session, we will have opening comments from the management. Now I hand over call to Mr. Aditya for opening comments. Over to you, sir. Aditya Rao: Thank you so much. Good morning. Thank you to all of you for joining Pennar Industries' Q1 FY27 Investor Conference Call, for the quarter ended 30 June, 2026. We will cover the numbers for the quarter, take you through each of our businesses and share how we see FY27 unfolding. I'll walk you through the quarter's headline numbers, the story behind each of our growth engines. Shrikant, our CFO, will then take you through the detailed financials. We will as usual end with the Q&A from all of you. So Q1 has come in well. Revenue grew 3.58% year-on-year to INR884.55 crores, and PBT grew 16.04% to INR46.8 crores. Revenue growth was moderate this quarter. A few segments moved a little slower than planned, but profitability held up because we have the business quite tightly on cost tactics. Key growth drivers for the next quarters are PEB India. The order book now sits at INR1,008 crores, the highest we have ever carried. Revenue is going to come in through Engineering Services coming in. We have several large data center orders also that are coming in, in the next few years. The conversion picks up sharply in this quarter in Q2, and we expect this business to do well. PEB U.S. also our order book is at a new peak. We have now crossed USD 100 billion in order backlog. Revenue is running ahead of what we had wilted into the plan for the quarter. And again, here from Q1 to Q2 also, we expect very strong growth here in this revenue stream. Page 2 of 23 Pennar Industries Limited August 13, 2026 Engineering Services, Structured Engineering grew well, 26.3%, a strong quarter, and our U.S. sales team is closing more work than before. Tech Pennar has been the weak spot. The order book was thin and a few execution flips cost at some customers. A new sales team is now in place, and we expect that trajectory to improve from Q2. Hydraulics, our order backlog is at INR30 crores activity in the U.S. has slowed, to Europe has done well the introduction of some tariffs, uncertainty, even though it's the Senate and not the house, the expectation that something may come in is causing order backlog to order bookings to run a little lower than we expect. We are in wait-and-watch mode on the Hydraulics. Every other business, I think we'll have a clear articulated growth plan and we're confident of revenue profit growth. Hydraulics, we'll wait see for the next few quarters as far as U.S. is -- is one of the biggest markets for us for Hydraulics. So we will monitor this. Boilers again highest ever order backlog in over INR150.75 crores. To first quarter, first, industrial power boiler has been achieved. It's a good pre-qualification reference for us, allows us to dramatically improve our addressable market. And our first orders in the pharmaceutical sector, which is a new industry vertical for us. On profitability and margins, PBT margin was at 5.38%, up from 4.77% last year. Mix moving in the right direction, higher-margin businesses, PEB U.S. and engineering services are growing faster and the group margin follows. So same trend that we've been on for the last 3, 4 years, and we expect this to continue. And capital efficiency rose was around 20% and ROE around 12%. We're on board to move higher. We are deliberately stocking a little more raw material and anticipation of revenue growth with PEB India, PEB U.S. and all others at a strong place in order backlog perspective, we want to put us in a place where we can dramatically expand revenue. So ROE at 12%, ROCE at 20% is lower than what we would traditionally want to see, but we will look to improve this further. And we are quite certain that September quarter, we will see very good improvements in this. So this is the quarter in summary. There's no change in our strategy to put capital into our prioritized business units, expand our order backlogs, and consequently expand our revenue and profitability. Working capital to keep it tight and make sure our ROCE guides all of our decision making. I'll now hand this call over to our CFO, Mr. Shrikant Bhakkad for the detailed financials. Thank you to all of you again, and look forward to your questions. Shrikant Bhakkad: Thank you, Aditya. A very warm welcome to all our shareholders and investors joining us today. Q1 FY27 reflects a continued evaluation of our business towards profitable and sustainable growth, while the quarter saw some moderate revenue growth are operational discipline and improvement in the product mix and the project execution translated into stronger profitability across businesses. Page 3 of 23 Pennar Industries Limited August 13, 2026 Our strong priority remains unchanged. This initiative has helped us deliver double-digit growth in EBITDA, profit before tax despite the challenging operating environment. Key financial highlights, the revenue from operations has increased from INR870.4 crores from INR845.7 crores, a growth of 2.9%. EBITDA increased to INR106.8 crores from INR94 [Showing first 8,000 characters — download PDF for full document]