MV Electrosystems Limited made the audio recording of its Q1FY27 investor and analyst conference call available to stakeholders on Thursday, August 27, 2026. The virtual session was held at 11:00 am IST.

The company disclosed the recording pursuant to Regulation 30 read with Part A of Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015. The audio file is accessible on the company's website for public review.

Sourabh Bansal, Company Secretary and Compliance Officer, signed the intimation. The disclosure confirms the availability of the record rather than releasing new financial metrics directly in this communication.

MV Electrosystems reported a net loss of ₹68.86 million for the quarter ended June 30, 2026, as revenue fell to ₹127.71 million. The company’s board approved these unaudited results on August 25, 2026.

The disclosure was made pursuant to Regulation 30 and 33 of the SEBI (LODR) Regulations, 2015. The company issued the intimation on August 25, 2026.

Financial Results

Revenue from operations declined to ₹127.71 million in Q1FY27, down from ₹134.48 million in the same period last year. Total income stood at ₹127.98 million, compared to ₹135.13 million in Q1FY26.

Total expenses amounted to ₹208.36 million, driven by employee benefit expenses of ₹43.47 million and finance costs of ₹11.78 million. Cost of raw material consumed was ₹123.26 million.

The company incurred a profit before tax loss of ₹80.38 million. After accounting for a deferred tax benefit of ₹11.52 million, the net loss for the quarter was ₹68.86 million. This compares to a net loss of ₹57.33 million in Q1FY26.

What the Numbers Show

The widening net loss despite a modest decline in revenue highlights pressure on cost structures. Employee benefit expenses rose significantly to ₹43.47 million from ₹25.01 million year-ago, contributing to higher total expenses. Additionally, the company reported a cash loss of ₹66.68 million during the quarter, marking the second consecutive quarter of cash losses.

Management attributed the elevated material costs to inventory consumption procured during the R&D phase at comparatively higher prices. Low production absorption also impacted margins, as manufacturing manpower was built up during FY26 ahead of propulsion production but volumes remained lower. The company incurred approximately ₹20 million in R&D expenditure in Q1FY27, resulting in an EBITDA loss of ₹54 million after R&D versus ₹34 million before such expenditure.

Order Book and Capacity Expansion

As of June 30, 2026, MV Electrosystems holds an executable order book of ₹989.32 crore for 564 units of 3-Phase Propulsion Equipment, including a three-year AMC contract. Additionally, the company has developmental orders worth ₹94.72 crore for new applications such as MEMU propulsion and composite converters.

The company is scaling manufacturing capacity with two facilities in Palwal, Haryana. Unit 1 has a certified installed capacity of 114 propulsion systems per year. Unit 2, currently being set up, will add 171 systems per year, bringing the potential combined capacity to 285 systems annually on a single-shift basis. An SMT line was commissioned at Unit 1 in March 2026.

Corporate Developments

The board meeting held on August 25, 2026, also approved several administrative appointments:

• Appointment of M/s Taruna Kalra & Associates as Secretarial Auditors for FY27 to FY31.
• Appointment of M/s G B S G & Associates as Internal Auditors for FY27.

The company will convene its 17th Annual General Meeting (AGM) on Tuesday, September 29, 2026, via video conferencing. Remote e-voting will be open from September 26 to September 28, 2026.

Management Participation

The following executives are scheduled to participate in the earnings call on Thursday, August 27, 2026, at 11:00 am IST:

• Mohit Vohra, Non-Executive Director
• Pankaj Rastogi, Managing Director
• Ajay Kumar, Chief Financial Officer

Dial-in Details

Participants can join the conference call using the numbers provided below.

For further information, investors may contact Akhilesh Gandhi, CFA, at Stellar IR.

Source: https://lodr-files.dhan.co/lodr-inputs/Company/INE0OWZ01020/96517b8e-bf84-411e-aa82-6b49fefdf9bc.pdf