Analysts/Institutional Investor Meet/Con. Call Updates

SEC: 39/2026-27 Date: August 18, 2026 National Stock Exchange of India Ltd. BSE Limited Exchange Plaza, 5th Floor, 1st Floor, New Trading Ring, Plot No. C/1, G Block, Rotunda Bldg., P. J. Towers, Bandra- Kurla Complex, Dalal Street, Fort, Bandra (East), Mumbai – 400 051 Mumbai 400 001 Symbol: PYRAMID Scrip Code: 543969 Through: NEAPS Through: BSE Listing Centre Sub: Transcript of earnings call with analysts/ investors. Dear Sir/Madam, Pursuant to Regulations 30 read with Para A of Part A of Schedule III and other applicable provisions of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended, we attach herewith the transcript of the Company’s analyst/investors call held on Wednesday, August 12, 2026, to discuss the Un-Audited financial results for the quarter ended June 30, 2026. The transcript is also uploaded on the Company’s website at: https://pyramidtechnoplast.com/wp-content/uploads/2026/08/Investor-Meet-Call-Transcript-Q1-FY- 26-27.pdf Kindly take the above information on record. Thanking you, Yours faithfully, For Pyramid Technoplast Limited, Jaiprakash Bijaykumar Agarwal Wholetime Director & CFO DIN: 01490093 Place: Mumbai Encl: As above Pyramid Technoplast Limited “PYRAMID TECHNOPLAST LIMITED Q1 & FY27 Earnings Conference Call” Date: August 12, 2026 Hosted by MANAGEMENT: MR. BIJAYKUMAR AGARWAL – MANAGING DIRECTOR AND CHAIRMAN MR. JAIPRAKASH AGARWAL – WHOLE-TIME DIRECTOR AND CHIEF FINANCIAL OFFICER INVESTOR RELATION: MS. SOUMYA CHHAJED – GO INDIA ADVISORS MR. RAKESH ARORA – GO INDIA ADVISORS Pyramid Technoplast Limited Pyramid Technoplast Q1FY27 Earnings Call Soumya Chhajed Hi, everyone, and very good evening to all. I welcome you all to Pyramid Technoplast Limited Q1 FY27 Concall. Please note that discussion on today's call may include certain forward-looking statements and must be therefore viewed in conjunction with the risk pertaining to the business. We have on call today, Mr. Bijay Kumar Agarwal, the Managing Director, and Mr. Jay Prakash Agarwal, CFO and Whole Time Director. I now request the management to just proceed with the opening remarks and post that, we'll open the floor for Q&A. Thank you and over to you, sir. Jai Prakash Agrawal Thank you, Soumya. A very good evening, everyone, and welcome, everyone. And thanks for joining us for our Q1FY27 earning call. So, we have started FY27 with a strong and structurally healthier operating platform. So today we have an installed capacity of 20,936 metric tons per quarter, while volumes stood at 1,292 metric tons, translating into a capacity utilization of around 62%, while volumes in the quarter were tremendously impacted, particularly by a little slowdown in the exports of various products. We believe this is a near-term demand disruption rather than a structural issue. Importantly, unit economics have remained resilient and are actually improving. EBITDA per ton increased to approximately 16,380 in Q1 FY26 compared with 11,252 in Q1 FY26 and 15,053 in Q4FY26. This clearly demonstrates that despite the temporary volume impact, our pricing, product mix, and operating efficiency are supporting profitability at the unit level. Now coming to the strategic developments. So we are happy to announce that we are expanding in Kutch, Western India. It's a progress as planned. We are investing approximately 20 to 25 crore in a new facility with a capacity of 10,000 IBC units per month, which is expected to be commissioned by March 2027. This facility will strengthen our presence in Kutch and Western India while providing logistical benefits through lower freight costs, faster deliveries, and customer service satisfaction. We have also received government subsidy approvals for our newly installed WADA unit and Bharuch facility, Pyramid Technoplast Limited amounting to approximately 24.9 crore for WADA and 10.5 crore for unit 7, Bharuch, which is spread over 10 years. These incentives will effectively reduce the cost of our investments and improve project economics, ROCE, and payback over the long term. So our WADA facility is in full swing now across HDPE, IBCs, and MS Drums, and is already operating above 70% utilization. We expect it to reach 80% during this year. The facility contributed approximately 43 crore or 19% of revenue from operations in this quarter, Q1 FY27. The focus now is to sustain this utilization, extract further operating leverage from the infrastructure already built. Our green energy initiatives are also beginning to contribute meaningfully because of two reasons, not only due to due to the price advantage, but also we are getting ESG benefits out of it, so that we can reduce our carbon footprint and represent India at the global level. The 6 megawatt solar plant was commissioned in October 2025, followed by an additional 5 megawatt in Baruch, and 2.25 megawatt in Maharashtra. And one megawatt is still pending to be commissioned, which is going to be commissioned very soon, probably next quarter. We achieved approximately 2 crore of savings in this quarter of Q1 FY27 with a full 14.25 megawatt capacity expected to deliver around 15 crore of annual savings. Similarly, our recycling plant commissioned in October has an annual capacity of 5,000 metric tons and can address around 10 to 12 percent of our raw material requirements. So this is again a meaningful ESG benefit and we are the only company in India that is into solar and recycling both. The plant processed around 150 metric ton in Q1 FY27 and generated around 25 lakh of EBITDA with FY27 EBITDA contribution estimated at around 2 crores. Our financial front revenue grew by 36% year on year to 222 crores. Growth has driven primarily by price increase as sharp increases in raw material costs were passed to customers. HDPE polymer drum tonnage was down 4% year on year and IBC volumes were little hit as export demand suffered due to the war. This was partly offset by strong MS drums growth. Gross profit rose 19% year-on-basis, but gross margin compressed a little to 23% as raw material costs rose in step with price increase. Importantly, gross margin in rupees terms for HDPE remained stable. The path to the protected per unit profitability. EBITDA grew 50% year-on-year basis with margins at 10%, reflecting the operating leverage kicking in as the total expenses rose only modestly despite new plant commissioning. PAT grew by 32% year-on-basis to 10.5 crore with margins at 5% despite a sharp rise in financial cost by 179% and depreciation by 61% year-on-year basis tied to capacity Pyramid Technoplast Limited expansion. For financial year 27, our objective remains to deliver approximately 15% revenue growth and EBITDA margins on upwards of 10%. We expect this to be supported by higher utilization, volume recovery, greater contribution from value- added products, and solar savings and recycling benefits. We have also maintained a disciplined approach to capital allocation with FY27 Capex planned at approximately 20 to 25 crore, primarily towards Kutch expansion and deployed in line with actual. To summarize, the last phase was about building capacity. FY27 and the years ahead are about filling that capacity and converting it into stronger earnings and returns. With WADA ramping up, Kutch adding future capacity, unit economics, strengthening and our solar and recycling initiatives begin to contribute. We believe Pyramid is well positioned for the next phase of sustainable growth and improved profitability. Thank you very much. And thanks for continued trust and support. Now I would be happy to answer all the questions. Soumya Chhajed First question we have from Saket Kapoor. Saket Kapoor Sir, as you outlined in your opening remarks, we had 62% capacity utilization levels. So, going ahead and factoring into the measures of the RM fluctuations, what do we see as a steady state, sir? This quarterly capacity of 20,936, at the end of the year or in the coming quarte [Showing first 8,000 characters — download PDF for full document]