Analysts/Institutional Investor Meet/Con. Call Updates

Tube lnvestments of lndia Limited "Chola Crest'i No. C54-55 & Super B-4, Thiru -Vi - Ka lndustrial Estate, Guindy, Chennai-600 032. Tel: 91 44 4217 777 0-5 Emailtii-secretarial@tii.murugappa.com INDIA Website: www.tiindia.com CIN: 1351 00TN2008P1C069496 20th August 2026 National Stock Exchange of lndia Limited BSE Limited Exchange Plaza, Sth Floor 1st Floor, New Trading Ring, Plot No.C/1, G Block Rotunda Building, P J Towers, Bandra-Kurla Complex, Bandra(E), Dalal Street, Fort, Mumbai 400 051 Mumbai 400 001 NSE Svmbol: TllNDlA BSE Scrip Gode: 540762 Dear Sirs/Madam, Sub: Transcriot of the conference orouD call with Analvsts and lnvestors held on 17th Auqust 2026 Further to our letter dated 4th August 2026, we wish to inform that the transcript of the said conference group call held on 17th August 2026 is enclosed and the same has also been uploaded on our website pursuant to Regulations 30 & 46 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, under the link given below. https : //ti i n d i a. co m/f i n a n c i a I - i nfo rm ati o n/ Please take the above information on your record. Thanking you, Yours faithfully, For TUBE INVESTMENTS OF INDIA LIMITED S KRITHIKA COMPANY SECRETARY Encl. murugoPPq “Tube Investments of India Limited Q1 FY2027 Earnings Call” August 17, 2026 Management: Mr. M.A.M. Arunachalam - Executive Chairman - Tube Investments of India Limited Mr. Mukesh Ahuja - Managing Director – Tube Investments of India Limited Mr. AN. Meyyappan - Chief Financial Officer - Tube Investments of India Limited And the Management team Analyst: Mr. Joseph George - IIFL Capital Page 1 of 16 Tube Investments of India Limited August 17, 2026 Moderator: Ladies and gentlemen, good day, and welcome to the Tube Investments Q1 FY2027 Earnings Call, hosted by IIFL Capital Services Limited. All participants are currently in listen-only mode. There will be an opportunity to ask questions following the conclusion of the management's opening remarks. Please note that this conference is being recorded. I now hand the conference over to Mr. Joseph George from IIFL Capital. Thank you, and over to you, sir. Joseph George: Thank you, Swapnil. On behalf of IIFL Capital, I welcome you all to the Q1 FY2027 results conference call of Tube Investments of India Limited. From the management, we have with us Mr. M.A.M Arunachalam, Executive Chairman, Mr. Mukesh Ahuja, Managing Director, Mr. A.N. Meyyappan, Chief Financial Officer, as well as all the divisional heads. I will now hand over the call to the management for opening remarks, post which we will have Q&A. Mukesh Ahuja: Good morning, everyone. Just to give a commentary on this quarter result, the Board of Directors of Tube Investments of India Limited met on 14th August 2026 and approved the financial results for the quarter ended 30th June 2026. Standalone results for the quarter. Revenue in Q1 was at Rs.2,366 Crores against Rs.2,007 Crores in the same period previous year. PBT was at Rs.213 Crores against Rs.222 Crores in the same period previous year. ROIC annualized stood at 41% for the quarter ended 30th June 2026 compared with 39% in the previous year same period. Free cash flow for the quarter was Rs.174 Crores. Now I will give the segmental review. The engineering revenue for the quarter was Rs.1,566 Crores compared with Rs.1,298 Crores in the corresponding quarter of the previous year. Profit before interest and tax for the quarter was Rs.153 Crores, which is same as the corresponding quarter of the previous year. Metal formed product revenue for the quarter was Rs.408 Crores compared with Rs.366 crores in the corresponding quarter of the previous year. Profit before interest and tax for the quarter was Rs.28 Crores as against Rs.37 Crores in the corresponding quarter for the previous year. Mobility revenue for the quarter was Rs.250 Crores compared with Rs.198 Crores in the corresponding quarter of the previous year. Profit before interest and tax for the quarter was Rs.9 Crores against Rs.7 Crores in the corresponding quarter of the previous year. For others, revenue for the quarter was Rs.256 Crores compared with Rs.236 Crores in the corresponding quarter of the previous year. Profit before interest and tax for the quarter was Page 2 of 16 Tube Investments of India Limited August 17, 2026 Rs.21 Crores against Rs.17 Crores in the corresponding quarter for the previous year. TI consolidated revenue for the quarter was Rs.6,215 Crores against Rs.5,309 Crores in the corresponding quarter of the previous year. The profit before share of profit for JVs, exceptional items, and tax for the quarter was Rs.461 Crores against Rs.449 Crores in the corresponding quarter of the previous year. CG Power and Industrial Solutions, a subsidiary in which company holds 56.29% stake, registered a consolidated revenue of Rs.3,281 Crores during the quarter against Rs.2,878 Crores in the corresponding quarter of the previous year. Profit before tax for the quarter was Rs.423 Crores against Rs.364 Crores in the corresponding quarter of the previous year. Shanthi Gears Limited, a subsidiary company in the gears business in which company holds 70.46% stake, registered a revenue of Rs.115 Crores during the quarter against Rs.135 Crores in the corresponding quarter of the previous year. Profit before tax for the quarter was Rs.14 Crores against Rs.31 Crores in the corresponding quarter of the previous year. Thank you and we are happy to take questions. Moderator: Thank you so much, sir. Ladies and gentlemen, we will now begin with the question and answer session. Anyone who wishes to ask a question may click on the raise hand icon from the participants tab on your screen. We will wait until we have the question queue assembled. Requesting participants to please click on the raise hand icon from the participants tab on your screen. We will wait until we have the questions in queue. We will take a question now from Joseph George of IIFL Capital. Joseph, please go ahead. Joseph George: I have two, three questions. One is, if I look at the standalone performance, we have seen some pressure on margins because of which the EBIT growth in the engineering segment and the metal formed segment was relatively muted. What we wanted to check is that in the last couple of quarters, we have seen a lot of inflation. All OEMs and suppliers are talking about inflation. So in that context, is there any price hikes that are yet to come from your customers because of which we have seen a compression in margins or is the profitability in the quarter reflecting the underlying business dynamics? Mukesh Ahuja: Thank you, Joseph, for your question. Joseph, as you are already aware of, there was a lot of commodity steel price increase that happened in the quarter four and quarter one, which has resulted into the lower margins. But basically, you are aware that TI maybe gets those price increases with a lag of sometimes two or three quarters. So we are confident on the steel price increase particularly. We will be able to recover fully and you will see the margin neutralization will happen in the coming quarters. Page 3 of 16 Tube Investments of India Limited August 17, 2026 Joseph George: Would it be possible to quantify the extent of under recovery in the quarter so that we can think of or we can estimate what sustainable margin each of the segment’s is? Mukesh Ahuja: So Joseph, maybe I would not like to give particular number. Maybe like we have given guidance, we will be able to grow EBIT margin in the double digit. And post the price recovery, we are confident that double digit margin improvement will keep happening in the future also. Joseph George: Understood. Thank you. Moderator: Thank you so much, Joseph. We will take our next question now from Devesh Kayal of Boring AMC. Devesh, please go ahead. Devesh Kayal: Just my question is on the TI Medical plant. You mentioned in the Annual Report data that the plant is runni [Showing first 8,000 characters — download PDF for full document]