Transcript of Earnings call held on August 10, 2026 in respect of Un-audited Financial Results (Standalone and Consolidated) for the quarter ended on June 30, 2026

Date: August 17, 2026 The Manager, DCS The Manager The Bombay Stock Exchange Ltd. National Stock Exchange of India Ltd. Phiroze jeejeebhoy Towers, Exchange Plaza, C-1, Block G, Dalal Street, Bandra Kurla Complex, Mumbai Bandra (E), Mumbai – 400 051 Ref: Scrip Code: - 530655 Scrip Code: - GOODLUCK Sub: Submission of Transcript of Earnings Call held on 10th August, 2026 in respect of the Unaudited Financial Results (Standalone and Consolidated) for the quarter ended 30th June, 2026 Dear Sir/ Madam, As earlier informed, a Conference Call with the investors and analysts held on Monday, 10th August, 2026 at at 11:30 A.M. I.S.T, to discuss the Q1 and FY 2027 results of the Company. In this regard, please find enclosed herewith the transcript of the aforesaid Earnings Call for your information and records. The transcript of the Earnings Call is also available on the website of the Company at the following link: https://www.goodluckindia.com/investors-news.php This is for your information and record. Thanking You, For GOODLUCK INDIA LIMITED (Abhishek Agrawal) Company Secretary M.No. A20983 Encl: as above “Goodluck India Limited Q1 FY27 Earnings Conference Call” August 10, 2026 MANAGEMENT: MR. M. C. GARG – CHAIRMAN– GOODLUCK INDIA LIMITED MR. RAM AGGARWAL – CHIEF EXECUTIVE OFFICER -- GOODLUCK INDIA LIMITED MR. SANJAY BANSAL – CHIEF FINANCIAL OFFICER – GOODLUCK INDIA LIMITED MODERATOR: MR. VINAY PANDIT – KAPTIFY CONSULTING LIMITED Page 1 of 20 Goodluck India Limited August 10, 2026 Moderator: Ladies and gentlemen, good day, and welcome to the Goodluck India Limited Q1 FY27 Earnings Conference Call hosted by Kaptify Consulting. 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. I now hand the conference over to Mr. Vinay Pandit from Kaptify. Thank you, and over to you, sir. Vinay Pandit: Thank you. Ladies and gentlemen, on behalf of Kaptify Consulting Investor Relations team. I welcome you all to the Q1 FY27 Post Earnings conference call of Goodluck India Limited. Today, from the management team, we have with us Mr. M.C. Garg, Chairman; Mr. Ram Aggarwal, Chief Executive Officer; and Mr. Sanjay Bansal, Chief Financial Officer. I would now request the management to brief us about the business and performance highlights for the completed quarter, and then we'll open the floor for Q&A. Over to the management. M. C. Garg: Hello. This is M.C. Garg. Good morning, everyone, and a very warm welcome to the Q1 FY27 earnings conference call of Goodluck India Limited. Thank you all for joining us and for your continued trust and support. FY27 has started on a strong note, and I'm pleased to say that transformation of Goodluck India is becoming increasingly visible in our financial performance and business profile. Over the past few years, we have been consciously moving towards becoming the diversified, engineering-led company with a greater focus on value-added, technology-driven, application-specific products. Today, our presence spans Defence aerospace, infrastructure, renewable energy, transmission and railways, automotive, construction equipment and other industrial applications. This diversification is making our business more resilient while improving the quality of our earnings. Q1 performance reflects this progress. Revenue grew strongly, while profitability grew sustainably faster, supported by better product mix, higher utilization and operational efficiencies. A particularly important development is the emergence of Defence as a growth engine. We have invested in this business in a long-term view and recent regulatory approval, demonstrate the progress we are making. We also continue to see strong structural opportunities in renewable energy, transmission infrastructure and railways, both in India and international markets. Our export business is another important pillar of our progress. We serve customers across more than 100 countries. Continue to expand our global footprint despite challenges in the international trade. Going forward, our priorities are clear: scale the Defence business, increase the continuation of value-added engineering products, execute our domestic and international order book, improved capacity utilization and maintain disciplined capital allocation. We believe the investment made over the last few years are creating multiple growth engines for Goodluck India. Our objective remains to build a stronger, more diversified, higher quality Page 2 of 20 Goodluck India Limited August 10, 2026 engineering company capable of delivering sustainable growth and superior long-term value for all our stakeholders. With these remarks, I would now like to invite our CEO to take you through the operational performance in greater detail. Thank you. Ram Aggarwal: Thank you, sir. This is Ram Aggarwal. Good afternoon, everyone. Thanks for joining us. Q1 FY27 was a strong quarter operationally and demonstrates the progress of our strategy with 31% revenue growth, 46% EBITDA growth and 67% PAT growth with EBITDA margins above 10% mark. The key takeaway is that profitability is growing significantly faster than revenue, reflecting better product mix, capacity utilization and operational efficiencies. On the volume side, stand-alone volume has increased 8.8% Y-o-Y to 1,22,718 metric tons, while annualized capacity utilization remains strong at 98%. The most significant operational development during the quarter was the acceleration of our Defence business and has emerged as an important growth Driver. Goodluck Defence and Aerospace Limited received an order of INR255 crores for 155 mm long-range, ready-to-fill empty shells to be executed over 10 months. In addition, it received an order of INR52 crores for 20,000 155 mm shell with execution over 3 months. The near-term focus is now on converting these orders into production and deliveries while maintaining the stringent quality requirements applicable to Defence products. Goodluck Defence has also received DGQA quality assurance certificate for 107 Ready-to-Fill artillery shells. This strengthens our quality qualification for future opportunities. As I have earlier said also, despite all the headwinds, your company has been successful in wading through the choppy waters. Today, energy, mobility and Defence are the pillars around which total global economy is moving around. Your company is well connected to these sectors, which are supporting these pillars. We talk of energy. We need infrastructure to support energy. Power generation. We are making solar support structures for fixed and tilt both types to support renewable energy. In this energy deficient atmosphere, solar is supporting India to continue its strive to the future against 500 gigawatt non-fossil fuel – non-fossil energy, 300 gigawatt has already been achieved out of this 164 gigawatt solar we have achieved so far. 55 gigawatts added in last year only. But this data shows only that there is a great market available for our solar products. We are presently serving 30% plus market share of this sector. To transmit this energy across the states, we are making transmission line towers to the tune of 50,000 tons every year and to give power to the last mile, making substation structures. This sector is likely to grow by 50% in next 2, 3 years. A road network, a pillar for the mobility and the railway network is required to attend this all. We are in road bridges, road safety barriers and in rail routes. We are making steel railway bridges and recently completed bullet train project from Ahmedabad to Mumbai. We see a 100% growth in this sector in coming 3, 4 years. To combat West Asia volatility to ease gas and petroleum product, government has recently announ [Showing first 8,000 characters — download PDF for full document]