Analysts/Institutional Investor Meet/Con. Call Updates

REGD. & CORP. OFFICE : 38 KM STONE, DELHI-JAIPUR HIGHWAY, GURUGRAM - 122001, HARYANA (INDIA) EMAIL : rico@ricoauto.in WEBSITE : www.ricoauto.in TEL. : +91 124 2824000 FAX : +91 124 2824200 CIN : L34300HR1983PLC023187 RAIL:SEC:2026 August 19, 2026 BSE Limited National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers Exchange Plaza, Dalal Street 5th Floor, Plot No.C/1, G Block Mumbai - 400001 Bandra-Kurla Complex, Bandra (E) Mumbai - 400 051 Scrip Code – 520008 Scrip Code - RICOAUTO Sub : Transcript of Conference Call held on 14th August, 2026 Dear Sir/Madam, Please find enclosed herewith the transcript of Conference Call held on 14th August, 2026 with the Investors. This is for your information and record. Thanking you, Yours faithfully, for Rico Auto Industries Limited Ruchika Gupta Company Secretary FCS : 6456 Encl : As above “Rico Auto Industries Limited Q1 & FY27 Earnings Conference Call” August 14, 2026 “E&OE - This transcript is edited for factual errors and readability. In case of discrepancy, the audio recordings uploaded on the stock exchange on 14th August 2026 will prevail.” MANAGEMENT: MR. ARVIND KAPUR – CHAIRMAN, CHIEF EXECUTIVE OFFICER AND MANAGING DIRECTOR MR. R.K. MIGLANI – EXECUTIVE DIRECTOR MR. KAUSHALENDRA VERMA – EXECUTIVE DIRECTOR MR. NAVEEN SOROT – CHIEF FINANCIAL OFFICER MR. SANJAY BHAT – ASSOCIATE VICE PRESIDENT (SALES & MARKETING) Page 1 of 18 Rico Auto Industries Limited August 14, 2026 Moderator: Ladies and gentlemen, good day, and welcome to Rico Auto Industries 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 the conference call, please signal an operator by pressing star then zero on your touch-tone phone. Please note this conference is being recorded. This conference call may contain forward-looking statements about the company, which are based on beliefs, opinions and expectations of the company as on date of this call. These statements are not the guarantee of future performance and involve risks and uncertainties that are difficult to predict. From the management, we have with us today Mr. Arvind Kapur, Chairman, CEO and Managing Director; Mr. R.K. Miglani, Executive Director; Mr. Kaushalendra Verma, Executive Director; Mr. Naveen Sorot, Chief Financial Officer. I now hand the conference over to Mr. Kaushalendra Verma, Executive Director from Rico Auto Industries Limited. Thank you, and over to you, sir. Kaushalendra Verma: Great. Thank you. Yes. Good evening, everyone, and thank you for joining us for the Q1 FY27 earnings conference Call of Rico Auto Industries. I hope that you have had the opportunity to review our financial results and the investor presentation, which is available on the stock exchanges and also on the company's website. I would like to start by giving a brief overview of the company and industry and company performance, post which Mr. Naveen will brief you on the operational and financial highlights for the quarter. The global economy continues to remain resilient, although geopolitical developments, commodity price volatility and changes in the global trade continue to create uncertainty. At the same time, the ongoing restructuring of global supply chains is creating opportunities for manufacturing economies that can offer scale, quality and localization. Coming to the automotive industry, the environment remains constructive. Q1 FY27 saw strong production momentum, while the industry continues to undergo a structural shift towards the innovation, electrification and hybridization and a greater localization. This continues to create opportunities for Indian component manufacturers, particularly as global OEMs diversify their sourcing and reliable manufacturing partners. Against this backdrop, Rico delivered its highest ever quarterly revenue during the Q1 FY27, reflecting continued momentum across our core automotive businesses. Our businesses continues to participate across ICE engines, hybrid and EV platform with new programs at different stages of development and ramp-up. There are around 55 new programs in launch phase, out of which 28 programs already launched and are in ramp-up phase. These are long-term programs for Toyota, Ford and BMW with program life of more than 7 to 8 years. All these programs are highly profitable, and we are single source supplier for all these programs. Page 2 of 18 Rico Auto Industries Limited August 14, 2026 Our focus remains on flawless execution of these programs and progressively scaling them up as per customer ramp-up plan. During the quarter, profitability was impacted by elevated of cost pressure with the raw material price settlement lag being a key factor. We also saw elevated freight costs, particularly air freight as disruption in global shipping routes due to increase in ocean freight transit time from 5 weeks to 9 weeks, which led to greater resilience on the air shipments to maintain supply continuity. We are actively working and discussing with our customers to pass through some of these costs. Our new plant at Hosur is progressing and as planned, is expected to do the commercial production in September 2026. This facility will support our hybrid and EV-related programs with the key OEMs. Alongside our core automotive business, we continue to develop our presence across adjacent sectors. Our railway and defense business are progressing, supported by increasing localization, infrastructure investments and the government focus on prefer lines. In railways, RDSO approvals are progressing and supplies have started. We expected this business to develop progressively and add to the diversification of our businesses. Looking ahead, our revenue outlook remains unchanged, and we continue to work towards our previously stated target of around INR3,000 crores this year. We are confident we will be surpassing this and we will be achieving a revenue more than INR3,200 crores in FY 2027. While the current cost pressure and the timing of the customer settlements are likely to keep margins under pressure in the near term, our focus continues to remain on improving operating efficiency progressing the price settlements and driving the ramp-up of newer programs. We remain confident to exit the current year near to our targeted full year margins through customer price revisions and continued improvement in operating efficiency. With this, I would like to now hand over to our CFO, Mr. Naveen Sorot, to take you through the financial performance. Thank you. Naveen Sorot: Thank you, sir. Let me now take you through the performance for the quarter and provide some perspective on the key drivers of profitability. Rico delivered a strong revenue growth. During Q1 FY27, consolidated revenue stood at INR755 crores compared to INR543 crores in Q1 FY26, reflecting a growth of around 39%-odd. EBITDA for the quarter stood at INR34.8 crores, translating into an EBITDA margin of 4.6%. PAT stood at a loss of INR3.4 crores compared with a profit of INR16.7 crores in the corresponding quarter last year. From a segment perspective, aluminum casting continued to be the principal contributor, accounting for 89% of the consolidated revenue, while the ferrous casting contributed the remaining 11%. Exports accounted for almost 15% of our total revenue during the quarter. While the underlying revenue performance remained robust, profitability during the quarter was impacted by elevated operating costs and certain temporary cost pressures, as already highlighted by K.V. sir. Other operating expenses were higher by approximately INR24 crores, Page 3 of 18 Rico Auto Industries Limited August 14, 2026 primarily due to air freight and sorting costs, which were around INR13 crores in this along with the inflationary pressures across manpower, power, fuel and gas, tools and consumables. We expect ai [Showing first 8,000 characters — download PDF for full document]