Analysts/Institutional Investor Meet/Con. Call Updates

SMIL: LISTING/26-27/1808/01 August 18, 2026 BSE Limited National Stock Exchange of India Limited Department of Corporate Services Exchange Plaza, 5th Floor Pheroze Jeejeebhoy Towers Plot No. C/1, G Block Dalal Street, Mumbai - 400 001 Bandra - Kurla Complex, Mumbai - 400 051 (SCRIP CODE - 535602) (Symbol - SHARDAMOTR) (Series - EQ) Sub: Submission of Transcript of Conference Call held to discuss the Operational & financial performance for quarter ended June 30, 2026 Ref: Regulation 30 read with Part A to Schedule III of SEBI (Listing Obligations and Disclosure Requirement), Regulations, 2015 Dear Sir / Madam, In pursuant to the applicable provisions of the SEBI (Listing Obligations & Disclosure Requirements) Regulations 2015 and in furtherance to our letter no. SMIL: LISTING/26-27/0608 dated August 06, 2026 with respect to the convening of Investors / Analyst conference call “Earning Call” on Tuesday, August 11, 2026 at 05:00 P.M. (IST) onwards, for discussing the financial performance of the Company for first quarter ended June 30, 2026 for the financial year 2026-27, in this regard please find enclosed herewith the transcript of the earning call. Further the same is also being available on the website of the Company at www.shardamotor.com. This is for your information and record. Thanking You, Your’s Faithfully Iti Goyal Asst. Company Secretary & Compliance Officer Encl. as above “Sharda Motor Industries Limited Q1 FY27 Earnings Conference Call” August 11, 2026 MANAGEMENT: MR. AASHIM RELAN – GROUP CHIEF EXECUTIVE OFFICER – SHARDA MOTOR INDUSTRIES LIMITED MR. ASHWANI MAHESHWARI – DEPUTY MANAGING DIRECTOR– SHARDA MOTOR INDUSTRIES LIMITED MR. GD TAKKAR – GROUP CHIEF FINANCIAL OFFICER – SHARDA MOTOR INDUSTRIES LIMITED MR. K.K. SHARMA – CHIEF MANUFACTURING OFFICER – SHARDA MOTOR INDUSTRIES LIMITED ERNST & YOUNG – INVESTOR ADVISORS MODERATOR: MR. MIHIR VORA – EQUIRUS SECURITIES Page 1 of 16 Sharda Motor Industries Limited August 11, 2026 Moderator: Ladies and gentlemen, good day, and welcome to Sharda Motor Industries Limited Q1 FY27 Earnings Conference Call, hosted by Equirus Securities. 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 touch-tone phone. Please note that this conference is being recorded. I now hand the conference over to Mr. Mihir Vora from Equirus Securities. Thank you, and over to you, sir. Mihir Vora: Yes. Thank you, Palak. Hi, everyone. Welcome to the Q1 FY27 Post Results Conference Call of Sharda Motor. Without any further , I'll now hand over to the management for the opening remarks. Over to you, GD sir. GD Takkar: Thank you very much, Mihir. Thanks a lot. Good day, everyone. My name is GD Takkar, and I would like to thank all of you for joining today's call. I extend a warm welcome to all the participants. I am joined today by our Group CEO, Mr. Aashim Relan; Deputy Managing Director, Mr. Ashwani Maheshwari and Chief Manufacturing Officer, Mr. K.K. Sharma. I trust you have had the opportunity to review our quarter 1 FY27 results and investor presentation, which are available on the stock exchanges, as well as on our website. Before we discuss the company's financial performance, I would like to briefly touch upon the performance of the Indian automobile industry during quarter 1 the industry began FY27 on a very strong note, with healthy momentum visible across all vehicle categories, supported by steady consumer demand, improving rural sentiment, infrastructure-led activity and continued traction in exports. Overall, industry performance during the quarter reflected broad-based momentum with domestic automobile production increasing over 22% year-on-year to 93.6 lakh units, underscoring strong OEM activity and healthy demand visible across automobile value chain. During quarter 1 FY27, the automobile industry witnessed healthy production growth across key segments. Passenger vehicle production grew by 16.8% year-on-year to 14.53 lakh units with the growth primarily led by utility vehicles, which increased 21.2% year-on-year, reflecting continued consumer preference for SUVs and feature-rich models. LCV segment also witnessed healthy momentum with production rising 20.8% year-on-year to 1.91 lakh units, supported by sustained demand across last mile transportation and goods movement applications. To sum up, the demand continues to remain healthy across all vehicle categories relevant to Sharda Motors business. Passenger vehicles, particularly utility vehicles continue to drive momentum and commercial vehicles are benefiting from infrastructure activity, freight movement and logistics demand. 3-wheelers are also witnessing steady traction supported by urban mobility and last mile delivery requirements. Coming to now our financial performance for quarter 1 FY27. As previously, we have remained focused on disciplined execution, cost control, operating efficiency, prudent capital allocation, cash generation and maintaining balance sheet strength. As we move ahead, the operating Page 2 of 16 Sharda Motor Industries Limited August 11, 2026 environment remains supportive, although we remain mindful of certain risks arising out of evolving geopolitical conditions. However, we believe the structural drivers for the automobile industry remain intact, Rising mobility needs, replacement demand, infrastructure spending, formalization of logistics, premiumization and export opportunities should continue to support the industry over medium to long term. Let me now walk you through the operational and financial performance for the quarter ended 30th June 2026. For this quarter, on a consolidated basis, the company reported revenues of INR1,011.1 crores, representing year-on-year growth of 34%. Gross profit for this quarter stood at INR203.9 crores, reflecting year-on-year growth of 8%. As you know, gross profit remains a better indicator of the company's underlying operating performance, As against 8% to 10% growth of the addressable market which we can serve, our gross profit growth was 8% as above due to production impact arising out of a supplier fire at one of our key customers and onetime impact due to premium RM procurement on account of geopolitical situation. EBITDA for quarter 1 came in at INR103.2 crores, reflecting year-on-year growth of 5% with EBITDA margins standing at 10.2% for the quarter. Profit before tax & before exceptional items stood at INR115 crores for the quarter after factoring in our share of profit from joint venture and associates. In the corresponding quarter last year, PBT stood at INR107.7 crores after excluding exceptional gains of INR22.4 crores. Profit after tax for this quarter stood at INR86.5 crores. With this, I now hand over to Mr. Ashwani Maheshwari, Deputy Managing Director of the company, to take you through the key business updates. Thank you. Over to you. Ashwani Maheshwari: Thanks a lot, GD, for the updates. This is Ashwini Maheshwari. I extend a very warm welcome to everyone on the call. It's a pleasure to connect and share our key business and strategic updates for the quarter. As you all know, the global business environment continues to remain uncertain with geopolitical developments, evolving trade dynamics and macroeconomic volatility influencing markets across regions. Against this backdrop, the Indian automotive industry has demonstrated remarkable resilience and continues to offer an attractive long-term growth opportunity. While the global industry continues to debate the pace and direction of electrification, the reality emerging in India is diverse. We are seeing simultaneous growth of conventional ICE vehicles, CNG, hybrids, flex fuel technologies and electric vehicles. This is being supported by rising domestic demand, new model launches, improving afforda [Showing first 8,000 characters — download PDF for full document]