Batliboi Ltd — Earnings Release 2024

Nov 12, 2024

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Scrip Code: 522004

12[th] November, 2024

Dear Sir / Madam,

Subject: Press release on financial results of the Company for the quarter ended 30[th] September, 2024

Pursuant to Regulation 30 of SEBI (LODR) Regulations, 2015, we are forwarding herewith a copy of press release on financial results of the Company for quarter ended 30[th] September, 2024.

The same is also available on the Company’s website at http://www.batliboi.com/ in compliance with Regulation 46 of the SEBI Listing Regulations.

Yours faithfully,

For Batliboi Limited

POOJA Digitally signed by POOJA ROHIT ROHIT SAWANT Date: 2024.11.12 SAWANT 16:50:57 +05'30' Pooja Sawant Company Secretary ACS 35790

Place: Mumbai

Encl: As above

Batliboi Limited announces its Q2 & H1FY25 Results

One of India's leading Engineering Pioneer Reports Robust Growth

Half Yearly Consolidated Revenue up by 12%, EBITDA by 27% and PAT by 56%

Mumbai;11[th] November 2024 : Batliboi Limited (“Batliboi”, “BL” or the “Company”), an Engineering company having strong legacy with interest in Machine Tools, Air Engineering and Textile Machinery, announced its results for Q2 and 1HFY25 on 8[th] November, 2024.

Batliboi has reported an impressive Q2 and H1FY25 with strong Financial Performance.

– Consolidated Financial Highlights H1FY25 v/s H1FY24:

Revenue increased 12% from INR 133 cr to INR 149 cr

EBITDA increased 27% from INR 10 cr to INR 13 cr

PBT increased 58% from INR 6 cr to INR 9 cr

PAT increased 56% from INR 4 cr to INR 7 cr

– Consolidated Financial Highlights Q2FY25 v/s Q2FY24:

Revenue increased 8% from INR 70 cr to INR 75 cr

EBITDA increased 20% from INR 6 cr to INR 7 cr

PBT increased 38% from INR 3 cr to INR 5 cr

PAT increased 65% from INR 2 cr to INR 4 cr

The gross order book of the consolidated business including agency business was as on end of the quarter INR 285 cr

Planned capex for current financial year of INR 20 cr in the manufacturing facilities in India and capex expenditure is on track.

( The numbers discussed are rounded off to the nearest digit)

Batliboi Environment Engineering (BEEL) (Company proposed to be merged with Batliboi Limited)

• A leading supplier of Air Pollution Control Equipment and Centrifugal fans to some of the largest Indian corporates like Nuclear Fuel Complex, JSW, Thermax, ISGEC, L&T, Megha Engineering, Adani Group, Rungta Mines, Graphite India Limited etc.

• Approved by Leading Consulting Engineering Companies viz EIL, MECON, CET, Lummus Novolen Technology GmbH etc.

The Company had received requisite approval from BSE Limited (Stock Exchange) on Scheme of Amalgamation between the Company and Batliboi Environmental Engineering Limited and it is in process to convene meeting of equity shareholders as per the directions of NCLT.

Commenting on the result, Mr Sanjiv Joshi, Managing Director

“ We are pleased to deliver strong financial results for Q2 and H1 ~~F~~ Y25, reflecting our focus on technological innovation, operational excellence, and customer satisfaction. Our ongoing capital expenditure plan, along with the BEEL merger is as per the timelines, and shall further enhance our capabilities and position us to capture growth opportunities in India and global markets. We remain committed to delivering long-term value to our customers and shareholders ”

Growth Prospects

Batliboi is focused on expanding its market share across key sectors—Machine Tools, Air Engineering, and Textile Machinery as we enter a dynamic growth phase. The company aims for 12% to 15% CAGR in consolidated revenue, supported by greater volumes, improved margins, and a strengthened balance sheet. By prioritizing cutting-edge technologies and high-quality products, Batliboi is well-positioned for long-term success and value creation for all the stakeholders.

Disclaimer

Certain statements that are made in the Press Release may be forward-looking statements. Such forward-looking statements are subject to certain risks and uncertainties like significant changes in economic environment in India and overseas, tax laws, inflation, litigation, etc. Actual results might differ substantially from those expressed or implied. Batliboi Limited will not be in any way responsible for any action taken based on such statements and discussions; and undertakes no obligation to publicly update these forward-looking statements to reflect subsequent events or circumstances.

For Further Information, please contact:

Ms. Pooja Sawant Company Secretary Pooja.sawant@batliboi.com	Mrs. Saloni Ajmera Go India Advisors saloni@goindiaadvisors.com

( The numbers discussed are rounded off to the nearest digit)