Analysts/Institutional Investor Meet/Con. Call Updates

August 21, 2026 To To BSE Limited National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers Exchange Plaza, Bandra (East), Dalal Street Mumbai 400001 Mumbai 400 051 Scrip Code – 543597 Scrip Code - VOEPL Subject- Disclosure under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 - Transcript for Q1 FY 27 Post Earnings Conference Call held on August 17, 2026. Dear Sir/Madam, With respect to above captioned subject, please find attached herewith transcript of the Conference Call for Analyst and Investors held for Q1 FY 2027 on August 17, 2026 at 12:00 P.M. IST (12:00 hours). Request you to kindly take the same on records. Thanking you, Yours Faithfully, For Virtuoso Optoelectronics Limited Prasad Zinjurde Company Secretary and Compliance Officer M No A54800 Virtuoso Optoelectronics Limited Q1 FY27 POST EARNINGS CONFERENCE CALL August 17, 2026 12.00 PM IST Management Team Sukrit Bharati - Managing Director Sajid Shaikh - Chief Financial Officer Call Coordinator Strategy & Investor Relations Consulting Virtuoso Optoelectronics Limited (VOEPL) Q1 FY27 Post Earnings Conference Call August 17, 2026 12.00 PM IST Presentation Moderator: Hello, ladies and gentlemen, on hello, ladies and gentlemen, on behalf of Kaptify Consulting Investor Relations Team, I welcome you all to Q1 FY27 Post-Earnings Conference Call of Virtuoso Optoelectronics Limited. Today on the call from the management we have with us Mr. Sukrit Bharati, Managing Director, Mr. Sajid Shaikh, Chief Financial Officer. As a disclaimer, I would like to inform all of you that this call may contain forward-looking statements which may involve risks and uncertainties. Also, this is a reminder that this call is being recorded. I would now request the management to detail us about the business performance highlight for the period ended June 2026, the growth perspective and the vision for the upcoming years, post which we will open the floor for Q&A. Over to the management team. Sajid Shaikh: Thank you, Rajiv. Can we start running through the presentation please? Rajiv, are you there? Moderator: Hello, sir. Is this visible? Hello? Sajid Shaikh: Yeah, it is visible, but I think you're on the wrong screen. Yeah, this is the screen. Sajid Shaikh: All right. Yeah, we can stay here. We can stay here. So good morning, everyone, and welcome all to the post earnings call for Q1 FY27. This is a screen that highlights the performance of the company on a consolidated level for this quarter. So on a consolidated level, I think the company has been able to achieve INR 376.6 crores worth of revenue, which is when compared to last year that is Q1 FY26 is almost an 85% jump. And despite of the fact that Q4 of FY26 was also a very heavy and strong performance, I think over that number as well, it's a 19%, 18.7% to be precise kind of a jump on the revenue number. The EBITDA margins have stayed at very similar levels when you compare it with the Q4 of FY26, 9.3%-odd. EBIT and EBITDA are similar in terms of the way they have behaved. What has happened down below is that at a PAT level, we have had a very significant jump when you compare with Q1 of FY26, it's almost 103% jump that is there. So from INR64-odd crores -- INR6.4 crores rather, Q1 FY26 number, we have moved to a INR9 crore number this year. And in comparison to the last year also was a significant jump. Page 2 of 24 Virtuoso Optoelectronics Limited (VOEPL) Q1 FY27 Post Earnings Conference Call August 17, 2026 12.00 PM IST Can you move forward please? Moderator: Yes, sir. Just a minute. I'll just take it to a full screen. Yes, sir. Sajid Shaikh: Still not visible at my end. Yeah. Okay. Can we move on to the next slide, please? Moderator: Yeah. Sajid Shaikh: So going forward the year '26-'27, we can stay here. So going forward the year '26-'27, we are trying to consolidate and make sure that the assets that we have deployed so far, and which are in the process of getting deployed, we start sweating them and the utilization levels that are intended to be achieved are in excess of 75% on an aggregate level. We are moving forward with our mantra of trying to deepen the backward integration that will happen in H1 of FY27, which is on EMSI, CFF plastics, in any case, we have already done, we want to move forward with that. We are moving up the value chain because of the fact that we have become an ODM, the focus on R&D is there. And so the high potential categories like AC is something that we are looking to, because we have a very strong order book size for the forthcoming season. And we should be able to achieve our numbers primarily through on the backing of this strong and healthy order book. Compressor production, I think we have already stated earlier, it has already begun. This has happened in December towards the end of December last year. And we are currently running at 50%, more than 50% utilization. Happy to say that we are almost three months ahead of whatever was the schedule for this. Commercial refrigeration, obviously, in addition to the hard top and glass top rail, we have also entered into the medicinal refrigerator. And hopefully very soon we are getting into the Vizi cooler side of it as well. Can we move forward? Rajeev, one more slide up, please. Yeah. So these are the capacities that we have spoken about. EMS, the current capacity is 4 lakhs cph. We are moving to 12 lakhs cph in two phases. The first phase of 8 lakhs cph hopefully should be up and running by the mid or end of September. The commercial production for this phase also is expected to be live, I think, towards the end of Q3. ACs, we have stated earlier that we have a capacity of 1 million, moving to 1.8 million. This should happen over the next 12 to 15 months, again, in two phases, from 1 to 1.3 and then from 1.3 to 1.8. In deep freezers, the existing Page 3 of 24 Virtuoso Optoelectronics Limited (VOEPL) Q1 FY27 Post Earnings Conference Call August 17, 2026 12.00 PM IST capacity is 1.5 lakh units. We are moving to 2.5 lakh units, which should be live hopefully by Q3, mid of Q3 or end of Q3 this year. And the second phase is more likely to happen in the next financial year, which is the movement from 2.5 lakh to 4 lakh units. Compressors, we have a capacity, current capacity of 2.8 million, moving to 6 million. This probably should be happening by December or January, forthcoming December or January. I think commercial production on that also should start towards Q4 of this year. We can move forward. I think most of it is already dealt with. We can skip this. Yeah. So we can stay here for some time. So this is how it appears. I think the revenue share that is expected in this FY27. AC will remain at around 60%, 55% to 60% of the overall revenue. EMS will stay at about 10% in terms of the overall contribution. Commercial refrigeration will be at par, at about 10%. The component washing machine and other businesses should contribute about 5% of the overall revenue. And compressor will move up to about 15% of the overall revenue. Can we move forward, please? We can skip this slide. We can move forward. Common slides mostly. Yeah. Next slide, please. Yeah. We can stay here. So this slide captures the performance of the company over the last six years. As we can see that this is up to FY26, of course. There has been a 49% growth over the last six years as far as top line is concerned, about 47% CAGR on the absolute EBITDA. PBT, the growth has been 56% and PAT growth has been 52%. So there has been a consistent year-on-year growth over the last six years. And we hope and continue to take this into the next three to five years as well. Yeah. Sukritji, would you like to speak a little on the industry over here? Sukrit Bharati: Right. Thank you so much. And a very good morning or afternoon to everybody. And once again, thank you for taking your time. So overall, we had a good quarter. There was, of cour [Showing first 8,000 characters — download PDF for full document]