Transcript of the Investor/Analysts Conference call for the unaudited financial result of Q1FY27

Date: 22.08.2026 The Manager Listing BSE Limited 5th Floor, Phiroze Jeejeebhoy Towers, Dalal Street, Fort, Mumbai – 400001 BSE Scrip Code: 544793 Subject: Disclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations,2015-Transcript of the Investors/Analysts Conference Call for the unaudited financial Results of Q1 FY 27 Dear Sir/Madam, Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations,2015, please find enclosed herewith the transcript of investors/analyst conference call held on Wesnesday, August 19,2026 at 4.00P.M(IST) for un-audited financial results of the Company for the quarter ended June 30 2026. The said transcript will also be available on the Company’s website at We request you to kindly take the aforesaid information on record. Thanking You, For Susan Electricals India Limited Reshma Shukla Company Secretary & Compliance Officer Membership No.: A27717 “Susan Electricals India Limited Q1FY27 Earnings Conference Call” August 14, 2026 MANAGEMENT: VISHAL JAIN- CHAIRMAN AND MANAGING DIRECTOR VED PRAKASH - CHIEF FINANCIAL OFFICER (CFO) Organized by: Moonwalk Capital Opening Remarks Mr. Vishal Jain – Chairman & Managing Director, Susan Electricals India Limited Good afternoon, everyone, and thank you for joining us today. At Susan Electricals India Limited, we manufacture winding wires, conductors and power cables, catering to government utilities, EPC contractors and private sector customers across India. During the quarter, our focus remained on strengthening our core manufacturing operations and increasing the contribution from higher-value products. We are witnessing a continued shift in our product mix towards LT cables, HT cables and MVCC cables, which provide higher value addition and stronger margin potential compared to our traditional product categories. This change in product mix is already reflecting positively in our operating performance, with EBITDA per unit improving across our products. Going forward, our objective is not only to grow volumes but also to improve the quality of revenue and profitability through a better product mix and stronger operating efficiencies. We are pleased to report a strong start to FY27, supported by robust execution, improving product mix and better EBITDA per unit across our product portfolio. As we move ahead in FY27, our priorities remain clear: ● Improving our product mix HT & MVCC contribution targeted to rise (from ~5-10% currently toward ~15% by year-end and higher thereafter). Expected FY27 revenue mix roughly balanced ~30-35% each across HT/MVCC, LT/conductors, and winding wires ● Increasing EBITDA per unit HT/MVCC per-unit EBITDA potential ~20% (or 20-25%); winding wires & LT/conductors typically 10-15%. Blended operating margin improved to ~11.9% in Q1 ; expected to maintain/improve with mix shift and operating leverage Longer-term vision : aggressive capacity build-out to reach a much larger scale in 2-3 years, supported by strong industry tailwinds (T&D expansion, RDSS, reconductoring, 24-hr supply push, replacement demand). ● Executing customer orders efficiently Unexecuted order book : ₹142.39 Cr as of 30 June 2026 (expected to execute over next ~3 months) Active order pipeline: ₹150 Cr. Total order visibility: ₹292 Cr. Order-book mix : ~30% HT cables + MVCC, ~35% LT cables & conductors, ~35% winding wires; ~50:50 government/DISCOMs vs private/EPC. Bidding activity: Regularly bidding ₹800-1,200 Cr of tenders; expected conversion ~15% to 20% Many pipeline items already L1/L2 awaiting LOI. Orders primarily tender-based (central/state utilities + EPC contractors such as Monte carlo, RVNL etc). Visibility continues; supply typically starts ~45 days to 2 months after order. ● Completing our capacity expansion ahead of schedule Capacity Expansion: On track for commercial operations from Feb 2027. Adding 4,500 Km p.a. (existing 7,500 Km → 12,000 Km p.a., +60%) Ongoing incremental capacity additions already happening; new capacity expected to ramp quickly alongside demand Peak capex reference potential of ~700 to 800cr in revenue We are also exploring opportunities in sectors such as railways and defence. Additionally, we are working towards empanelment of our products with leading power sector companies and large organisations operating in the power sector. With strong demand visibility, an expanding manufacturing base and improving operating metrics, we remain confident of sustaining our growth momentum through FY27. With this, I would like to hand over to our CFO, Mr. Ved Prakash, to discuss the financial performance. Mr. Ved Prakash – Chief Financial Officer, Susan Electricals India Limited Hello everyone. FY27 has started with a strong financial performance, with significant improvement across key parameters. During Q1 FY27: ● Revenue increased by 279% year-on-year to INR 95.36 crore . ● Operating profit increased significantly by 980% year-on-year to INR 11.04 crore . ● Profit after tax turned positive at INR 6.39 crore , compared to a loss of INR 0.42 crore in the corresponding quarter last year. The improvement was driven by: ● Higher operating scale ● Better product mix ● Improved EBITDA per unit ● Strong execution across our product portfolio Thank you. I would now like to open the floor for questions. Question & Answer Session Question 1 : Segment-wise EBITDA Margins and Product Mix Participant – Nishita, Sapphire Capital Congratulations on a strong set of numbers. I wanted to understand the segment-wise margin breakup. As I understand, the company operates across three major segments : LT cables, HT cables and winding wires. Could you please share the EBITDA margins for each segment? Mr. Vishal Jain – Chairman & Managing Director, Susan Electricals India Limited During Q1 FY27, the EBITDA margins achieved across our key product segments were: ● LT cables and conductors: Approximately 6.5% EBITDA margin ● HT cables: Approximately 7% EBITDA margin ● Winding wires: Approximately 24.39% EBITDA margin These are the margins achieved during the first quarter of FY27 Question 2 : Expected Revenue Mix Between Products Nishita, Sapphire Capital Going forward, how do you see the revenue mix evolving? From the management commentary, it appears that the contribution from HT cables and MVCC cables is expected to increase. How should we look at the product mix going ahead? Mr. Vishal Jain – Chairman & Managing Director, Susan Electricals India Limited Our primary focus is on increasing our presence in HT cables and MVCC cables. HT & MVCC contribution targeted to rise (from ~5-10% currently toward ~50% by year-end and higher thereafter) Expected FY27 revenue mix roughly balanced ~30-35% each across HT/MVCC, LT/conductors, and winding wires These segments have significant growth potential as only a limited number of companies operate in this space. They also provide higher value addition and better margin potential. Therefore, our key objective is to increase the contribution of these products in our overall revenue mix. Question 3 : Margin Potential in HT and MVCC Cables Nishita, Sapphire Capital Currently, HT cables appear to have a lower EBITDA margin. As revenue scales up, can operating leverage improve margins? What kind of margin potential do you see in this segment? Mr. Vishal Jain – Chairman & Managing Director, Susan Electricals India Limited The current margin profile is mainly because the revenue contribution from these products is still at an early stage. As volumes increase and the business scales up, operating leverage will improve. At the product level, HT and MVCC cables have the potential to generate approximately 20% net margins , depending on the scale and product mix. Question 4 : Clarification on Product-level Margins Nishita, Sapphire Capital Just to clarify, are you indicating that EBITDA margins can improve from the current levels to around 20% as the contribution from HT and M [Showing first 8,000 characters — download PDF for full document]