Elecon Engineering Co.Ltd. — Investor Presentation 2025

Jul 11, 2025

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11[th] July, 2025 To,

The Manager (Listing), The Manager (Listing), The BSE Ltd. National Stock Exchange of India Ltd. Mumbai Mumbai Company’s Scrip Code: 505700 Company’s Scrip Code: ELECON

• Sub. : Investor Presentation of the Earnings Conference Call to be held on 11[th] July, 2025

• Ref. : Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015

Dear Sir,

With reference to the above referred Regulation and in continuation of our letter dated 5[th] July, 2025 regarding schedule of Earnings Conference Call, please find attached herewith the Investor Presentation for Q1 for the Financial Year 2025-26. The same is also available on the website of the Company at -made-to- -or- https://www.elecon.com/investors/presentations analysts institutional-investors

You are requested to take the same on your records.

Thanking you.

Yours faithfully,

For Elecon Engineering Company Limited,

Isarani Digitally signed by Isarani Bhartiben Bhartiben Lalitkumar Date: 2025.07.11 Lalitkumar 13:12:36 +05'30' Bharti Isarani Company Secretary & Compliance Officer

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Encl.: As above

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ONE OF ASIA’S LARGEST INDUSTRIAL GEAR SOLUTION COMPANY

Unifying vision Global impact

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Elecon Engineering Company Limited

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Investor Presentation – Q1FY26

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Safe Harbor

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This presentation and the accompanying slides (the “Presentation”), which have been prepared by Elecon Engineering Company Limited (the “Company”), have been prepared solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or subscribe for any securities, and shall not form the basis or be relied on in connection with any contract or binding commitment what so ever. No offering of securities of the Company will be made except by means of a statutory offering document containing detailed information about the Company.

This Presentation has been prepared by the Company based on information and data which the Company considers reliable, but the Company makes no representation or warranty, express or implied, whatsoever, and no reliance shall be placed on, the truth, accuracy, completeness, fairness and reasonableness of the contents of this Presentation. This Presentation may not be all inclusive and may not contain all of the information that you may consider material. Any liability in respect of the contents of, or any omission from, this Presentation is expressly excluded.

Certain matters discussed in this Presentation may contain statements regarding the Company’s market opportunity and business prospects that are individually and collectively forward-looking statements. Such forward-looking statements are not guarantees of future performance and are subject to known and unknown risks, uncertainties and assumptions that are difficult to predict. These risks and uncertainties include, but are not limited to, the performance of the Indian economy and of the economies of various international markets, the performance of the industry in India and world-wide, competition, the company’s ability to successfully implement its strategy, the Company’s future levels of growth and expansion, technological implementation, changes and advancements, changes in revenue, income or cash flows, the Company’s market preferences and its exposure to market risks, as well as other risks. The Company’s actual results, levels of activity, performance or achievements could differ materially and adversely from results expressed in or implied by this Presentation. The Company assumes no obligation to update any forward-looking information contained in this Presentation. Any forward-looking statements and projections made by third parties included in this Presentation are not adopted by the Company and the Company is not responsible for such third party statements and projections.

All Maps used in the presentation are not to scale. All data, information, and maps are provided "as is" without warranty or any representation of accuracy, timeliness or completeness.

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2

Values at Elecon

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Our Values are our Bedrock!

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Delightful Customer Resolute Trust Ingenious Value Creation Ethics at Experience Entrepreneurship the Core Ensure unparalleled positive Foster unwavering trust through Demonstrate accountability for Create value and enable growth Uphold the highest standards of customer experiences all the time camaraderie and credible the purpose, empowerment, and for every stakeholder ethical conduct and individual conduct business acumen integrity ❖ Proactiveness ❖ Intent ❖ Innovation ❖ Wealth ❖ Honesty ❖ Adaptability ❖ Trustworthiness ❖ Risk-Taking ❖ Learning ❖ Fairness ❖ Relationship ❖ Competence ❖ Agility ❖ Research ❖ Transparency ❖ Service Orientation ❖ Commitment Orientation ❖ Solution Orientation ❖ Partnership Orientation ❖ ESG Orientation

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3

Cultural Beliefs at Elecon

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Our Cultural Beliefs!

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Own It

I am accountable to achieve key results.

Let’s Innovate!

I create timely and competitive products and solutions.

Let’s Unify

I collaborate proactively and transparently to build trust.

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Customer F1rst

I ensure my actions lead to customer delight.

Go Global

I think and act towards becoming a leading global player.

Learn & Lead

I commit to learn, nurture and grow.

4

Safety and Wellness

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2020-21 2022-23 2024-25
Zero Zero One
accidents accidents minor accident
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0 0 1
1 1
0
2021-22 2023-24 Q1FY26
One One Zero
minor accident minor accident accidents
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Safety ingrained as a

Fundamental

Value

rather than

just a priority

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To prevent incidents and prioritize well-being, we implement:

• ❖ Safety Audits

• ❖ Mock Drills

• ❖ Emergency Preparedness Plans

• ❖ Fire Safety Protocols

• ❖ Comprehensive Training

• ❖ Other targeted initiatives

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5

Q1FY26 Performance Highlights

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Q1FY26 Financial and Operational Highlights

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Steady
Revenue EBITDA
Order Intake
Q1FY26
1 1
Rs. 491 crores Rs. 130 crores Rs. 614 crores
+25% YoY +41% YoY +13% YoY
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Notes:

• (1) Recognized one-time arbitration claim settlement from earlier contracts in MHE division amounting to Rs. 25 crores under Revenue from Operations in Q1FY26.

• (2) Recognized further one-time arbitration claim settlement amount of Rs. 10 crores under Other Income in Q1FY26.

• (3) Investment in Associate reclassified as Financial Asset, and accordingly, recognized unrealized mark-to-market gain of Rs 80 crores as Exceptional Income in consolidated P&L in Q1FY26.

Order Book as at 30[th] June 2025 stands at Rs 1,110 crores (vs. Rs 947 crores as at 30[th] June 2024)

Resilient performance in the quarter… On track to reach Rs. 2,650 crores Revenue for FY26…

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7

From the desk of CMD

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Commenting on the results, Shri Prayasvin B. Patel, Chairman & Managing Director of Elecon Engineering Company Ltd. Said,

“For Q1FY26, Elecon reported consolidated revenue of ₹ 491 crores , reflecting a healthy growth of 25% on a Y-o-Y basis. EBITDA stood at ₹ 130 crores , with EBITDA margin at 26.6% . We have recognized ₹ 35 crores as income from the arbitration settlement (₹ 25 crores in Revenue and ₹ 10 crores in Other Income) as well as ₹ 80 crores as exceptional gain pertaining to reclassification of investment in EIMCO Elecon (India) Limited. Including these, the PAT for the quarter stood at ₹ 175 crores.

Elecon continues to maintain its leadership position in the Indian market for both Industrial Gear Solutions and Material Handling Equipment. Our competitive edge is driven by advanced manufacturing capabilities, a comprehensive portfolio of high-quality products, and the ability to deliver customengineered solutions with optimized lead times, ensuring consistent and quality products for our diversified customers.

In Q1FY26, our Material Handling Equipment (MHE) division continued to deliver a strong performance, with robust growth in revenue and uptick in margin. Performance in the MHE division was aided to some extent by the arbitration settlement income recognized in this quarter. With our pivot towards product supply and aftermarket services, we expect steady momentum in the MHE division in the coming years. Our Gear division delivered a resilient performance during the quarter, with a growth of 6.1% in revenue and EBIT margin at 18.4%. Margin was impacted on account of accelerated depreciation charge for assets which were capitalized in Q4FY25. Once capacities ramp up and revenue starts building up from the new capex, we expect the recovery in margin going forward.

We are seeing healthy demand in both, domestic and overseas markets. In the domestic market, we are seeing healthy capacity addition activities in our core sectors of steel, power, and cement which will drive the growth. The overseas business too remains on a solid footing, with consistent traction seen across geographies. The enquiry levels from our customers are encouraging.

We are steadily advancing towards our strategic objective of generating 50% of our consolidated revenue from international markets by FY30. Strengthening relationships with global OEMs and sustained brand-building initiatives continue to reinforce our confidence in achieving this milestone.

Our growth strategy is supported by strategic alliances with international partners, ongoing investments in R&D and product innovation, and a focused push within the high-growth MHE division. These efforts collectively position us to outperform broader industry trends and accelerate our domestic & global footprint. Our priority is to attain sustainable profitable growth and creating long-term value for all our stakeholders.”

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8

Consolidated Segment-wise Performance – Gears

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Revenue (Rs Crs.) EBIT (Rs Crs.)
Margin
23.7 18.4
+6.1% (%)
357 -17.5%
337
80
66
Q1FY25 Q1FY26 Q1FY25 Q1FY26
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Order Intake (Rs Crs.) Open Order as at 30 [th] June 2025 (Rs Crs.)
+21.2%
+18.7%
480
396 710
598
Q1FY25 Q1FY26 Jun-2024 Jun-2025
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• Gear division delivered a steady performance. Revenue grew by 6.1% in Q1FY26.

• EBIT Margin was impacted by increased employee cost and brand building activities in overseas markets, as well as accelerated depreciation on recently capitalised asset .

• Trend of growth momentum slowing down after a strong previous quarter has played out in Q1.

• We are seeing steady demand coming from domestic power, steel and cement industries . Enquiry levels remain encouraging across domestic and international markets.

• Open Orders and inquiries provide visibility for revenue in the year ahead.

9

Consolidated Segment-wise Performance – MHE

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Revenue (Rs Crs.) EBIT (Rs Crs.)
Margin
25.3 46.0
+138.9% (%)
+334.6%
133
61
56
14
Q1FY25 Q1FY26 * Q1FY25 Q1FY26
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Order Intake (Rs Crs.) Open Order as at 30 [th] June 2025 (Rs Crs.)
-10.1%
+14.6%
149
134
400
349
Q1FY25 Q1FY26 Jun-2024 Jun-2025
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• MHE division continued to see sustained momentum, with adjusted revenue nearly doubling YoY in Q1FY26.

• Reported revenue and margin in this division are aided by the arbitration claim settlement amount of Rs. 25 crores recognized during the quarter.

• We are consistently securing new orders in the domestic market and international markets.

• We are also capitalizing on growing opportunities in the after-market business.

• Our continued focus on MHE segment will support overall growth in coming years.

* Revenue and EBIT for Q1FY26 includes Rs 25 crores pertaining to one-time arbitration settlement income.

10

Consolidated Revenue Split

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Geography Wise

(Rs Crs., %)

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+25.0%
491
392
41.4%
367
(75%)
259
(66%)
133 -7.0% 124
(34%) (25%)
Q1FY25 Q1FY26
Domestic Overseas
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Segment Wise
(Rs Crs., %)
+25.0%
491
392
6.1%
357
(73%)
337
(86%)
133
56 138.9% (27%)
(14%)
Q1FY25 Q1FY26
Gear MHE
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In Q1FY26, the domestic business continued to build on the momentum from the previous quarter. Growth was also aided by a favourable base.

Overseas business has fallen from a strong base. Despite some impact from the current geopolitical situation in Middle East market, we continue to see steady traction on an overall basis, with enquiry levels remaining strong across overseas markets.

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MHE division continued its robust growth trajectory in Q1FY26, driven by a strategic focus on product supply and after-sales services. Growth was also aided by arbitration settlement income recognized this quarter.

After strong performance in the last quarter, momentum in the Gear division has tapered a bit, with the pace of deliveries, especially in some overseas markets, slowing down. However, we are seeing steady demand across steel, cement and power industries.

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11

Consolidated Order Book

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Order Intake (Rs Crs.)

Open Order as at 30[th] June 2025 (Rs Crs.)

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+12.7% +17.2%
614 1,110
545
947
710
480
396 598
400
349
149 134
Q1FY25 Q1FY26 Jun-2024 Jun-2025
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Gear MHE

• ❖ Gear Division: The Order Intake for Q1FY26 stood at Rs. 480 Crs. compared to Rs. 396 Crs. in Q1FY25, a Y-o-Y growth of 21% . Orders in Hand is Rs. 710 Crs. as at 30[th] June 2025.

• ❖ MHE Division: The Order Intake for Q1FY26 stood at Rs 134 Crs. compared to Rs 149 Crs. in Q1FY25. Orders in Hand is Rs. 400 Crs. as at 30[th] June 2025.

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12

Consolidated Performance

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Total Revenue * Revenue (Gear) Revenue (MHE)
(Rs Crs.) (Rs Crs.) (Rs Crs.)
+25.0% +6.1% +138.9%
491 357 133
337
392
56
Q1FY25 Q1FY26 Q1FY25 Q1FY26 Q1FY25 Q1FY26
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EBITDA * Profit After Tax
(Rs Crs.) (Rs Crs.)
Margin (%) 23.5 26.6 18.7 35.8
+41.0% +139.1%
130 175
92
73
Q1FY25 Q1FY26 Q1FY25 Q1FY26
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• Consolidated Revenue and EBITDA for Q1FY26 include Rs 25 crores of one-time income from arbitration claim settlement in MHE division.

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** PAT for Q1FY26 includes the above Rs 25 crores (pre-tax) as well as further Rs 10 crores (pre-tax) of arbitration claim settlement booked under Other Income and Rs 80 crores (net of tax) of unrealised mark-to-market gain on reclassification of investment booked as Exceptional Income.

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13

Consolidated Profit & Loss Statement

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Profit and Loss (Rs. Crs.)	Q1FY26	Q1FY25	Y-o-Y	Q4FY25	Q-o-Q	FY25	FY24	Y-o-Y
**Revenue from Operations ***	491	392	25.0%	798	-38.5%	2,227	1,937	14.9%
Raw Material Cost	233	197		444		1,187	1,018
Gross Profit	258	195	31.8%	354	-27.1%	1040	919	13.1%
Gross Margin (%)	52.5%	49.8%	270 bps	44.3%	820	46.7%	47.4%	-70 bps
Employee Cost	59	47		67		209	188
Other Expenses	68	56		91		288	256
**EBITDA ***	130	92	41.0%	195	-33.3%	543	474	14.4%
EBITDA Margin (%)	26.6%	23.5%	300 bps	24.5%	210 bps	24.4%	24.5%	-10 bps
Other Income **	26	14		19		60	44
Depreciation	25	13		19		61	51
EBIT	132	94	40.7%	195	-32.1%	542	468	15.9%
EBIT Margin (%)	26.9%	24.0%	290 bps	24.4%	250 bps	24.3%	24.1%	20 bps
Finance Cost	6	2		5		13	9
Share in Profit of Associates	1	2		2		8	6
Profit before Tax & Exceptional Items	127	94	34.5%	192	-34.1%	537	465	15.4%
PBT Margin (%)	25.8%	24.0%	180 bps	24.1%	170 bps	24.1%	24.0%	10 bps
Exceptional Income / (Expense) ***	80	-		-		-	-
Profit before Tax	207	94	120.0%	192	7.9%	537	465	15.4%
Tax	32	21		46		122	110
PAT	175	73	139.1%	146		415	356	16.7%
PAT Margin (%)	35.8%	18.7%	1,710 bps	18.4%		18.6%	18.4%	20 bps
EPS (Rs.)	7.82	3.27		6.53		18.50	15.85

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* Revenue and EBITDA for Q1FY26 includes Rs 25 crores of one-time arbitration settlement income

** Other Income for Q1FY26 includes Rs 10 crores of one-time arbitration settlement income

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*** Exceptional Income pertains to unrealised gain on reclassification of investment in EIMCO Elecon (India) Ltd. from “Associate” to “financial asset” w.e.f. 23[rd] April 2025.

14

Company Overview

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Engineering Company providing Innovation led Technology Solutions

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Elecon India

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Radicon UK

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Benzlers Sweden

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State of art manufacturing facilities with DSIR approved In-House R&D facility for new product development and separate Engineering facility to upgrade existing product

One of the largest manufacturer of Gear Solution providers in Asia & Material Handling Equipment with seven decades of experience and expertise

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Elecon
Engineering
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Net Cash Positive Company

First in India to manufacture sophisticated equipment for bulk Material Handling with product range that caters multiple industrial sectors in India

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Robust market share in a highly fragmented and unorganized market

Manufacturing & Assembly plants at UK, Sweden, USA & Netherland other than India

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Widest range of gear applications across Industrial Sectors. Providing industry agnostic gear solutions

In-House Foundry & Fabrication Facility to support end to end solutions for customers

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The company actively embraces environmentally friendly practices and creating long term value for stakeholders

Only Company in India having capability to manufacture Complex Gear box for Defence: Indian Navy

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One of Asia’s largest Industrial Gear Manufacturing Company, having facility spread over 335,000 square meter

Company compliant with an Integrated Management System based on ISO 45001:2018 ISO 9001:2015, ISO 14001:2015. NABL accredited laboratory, aligning with ISO/IEC 17025:2017

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Benzlers Netherlands

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Radicon USA

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16

Started in 1951 and evolved as one of Asia’s Largest Gear Solutions Company

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Established in Mumbai by

Late Shri Ishwarbhai Patel

Acquisition debt repaid

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Forayed into
manufacturing conveying Listed on Bombay Established Successful execution of defence
equipment Stock Exchange Gear division (Indian Navy) project
1951 1962 1976 2022
1951
1960 1963 2010 2025
Elecon Engineering Company Forayed in bulk material Acquired Benzlers and Achieved highest ever
was incorporated as Private handling business Radicon in Europe - Revenue & Profits
Limited Company manufacturers of screw
Cemented position as one
jacks, shaft mounted
Shifted to Vallabh Vidyanagar, of the largest gear solution
gearboxes and industrial
Gujarat in May 1960 company in Asia and a
reducers
prominent MHE player
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17

Global Presence with Strong Distribution Network

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3 Brands serving across the globe

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All Maps used in the presentation are not to scale. All data, information, and maps are provided "as is" without warranty or any representation of accuracy, timeliness or completeness

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Domestic Market – Serving across India

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1 13
Manufacturing Facility Sales Offices
65+ 60+
Distributors & Dealers Customer Representatives
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Overseas Market – Serving 95+ Countries

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4
10
Manufacturing / Assembly
Sales Offices
Centres
110+ 35+
Distributors & Dealers Customer Representatives
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18

Two locations with integrated R&D Centres in India to strengthen our leadership position

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Pre-
DSIR approved In- Engineering 100+ Engineers
Design
House R&D facility Stage Stage team dedicated for
R&D
Design
3-D
Analysis &
Model &
20+ Software for Value 2 Patents granted &
Drawings
designing, analysis and Engineering 5 Patents applied
parameter validation
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Elecon's R&D initiatives aim to foster innovation, improve existing product offerings, and develop novel technologies in the field of material handling and industrial gear. These efforts provide a competitive edge and address the dynamic needs of the evolving market.

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19

State of the Art Manufacturing Facility

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State of the art facility located at Vallabh Vidyanagar, Gujarat

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The facility is spread over approximately 335,000 Square Meters

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~~Bird’s eye view of the Facility~~

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20

Gear Division – Providing a wide variety of solutions

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World Class Widest range of Industrial Gears operations with low lead time

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Diversified across Market leaders in the industries such as domestic market and Power, Cement, strategically expanding Sugar, Steel etc. overseas

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Best in class Gear
Solutions
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In-house
Strong Brand Name
Maintaining the Manufacturing facility manufacturing
Pan-India Service
utmost safety and for both Catalogue & capabilities with
Network
quality standards Engineered Products 700+ machine tools
Our Diversified Product Portfolio
Widest Market Reach
Focus on Customer
Helical/Bevel Helical Worm Gearboxes Couplings Planetary Gearboxes Marine Gearboxes Custom Built Gearboxes
Gearboxes Solutions
One of Asia’s Largest
Gear Solution Provider
EON [2] Series Gearboxes High Speed Gearboxes Central Drive Mill Pinion Shaft Double Helical Gear Wheel Loose Gears
Gearboxes
21
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Supplying to multiple industries thus diversifying risk

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Steel
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Cement
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Sugar
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Plastic
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Industry Agnostic Gear Access to new market Resilience to Business Sustainable Performance Solutions opportunities Cycles

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Defence Rubber
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Mining
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Power
…and many more
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22

MHE Division: A proxy to Capex Creation

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Largest supplier of Enhanced Pioneers in Stockyard Machines diversification Widest range of manufacturing Bulk & Wagon tipplers in End User Industry MHE India across industries products Consistent delivery Robust In-House Discontinued EPC Maintaining of high-quality design and Projects and Focus Steel Cement highest standards products instills manufacturing only on Profitable of safety customer reliance capabilities Product Business Our Diversified Product Portfolio Mining Fertilizer Ports Power Feeders Automatic Weighing Stackers / Reclaimers Raw Material Handling Wagen Tippler Specialized Conveyors System Oil & Gas Pulleys Mobile Stacker Port Equipment Truck Loader

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23

Board of Directors

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Shri Prayasvin B. Patel

Chairman & Managing Director

With over 5 decades of experience, Mr. Prayasvin B. Patel brings strong technical and commercial expertise. He holds a bachelor’s degree in mechanical engineering and is an MBA graduate from USA. Moreover, he plays a key role in strategy across the Gear and MHE divisions, overseeing marketing and business development.

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Shri Pranav C. Amin

Independent & Non-Executive Director

He is a graduate in Economics/Industrial Management and MBA in International Management. With his deep expertise in strategic leadership and organisational management, he brings both a global outlook and sharp business insight to every decision.

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Shri Pradip M. Patel

Non-Independent & Non-Executive Director

With over 5 decades of experience in the bearing industry, Mr. Pradip M. Patel brings a wealth of knowledge and insight to the business. He is an MBA from a university in USA and excels in leadership, strategic planning, and providing strong operational direction, playing a key role in driving growth and performance.

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Shri Ashutosh A. Pednekar

Independent & Non-Executive Director

He is a practicing Chartered Accountant and is a Partner of M. P. Chitale & Co., Chartered Accountants since 1992. He possesses deep expertise in accountancy, finance, risk management, and insurance contracts, bringing valuable insights across these critical areas.

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Shri Prashant C. Amin

Non-Independent & Non-Executive Director

With over 4 decades of experience in leading and operating enterprises, Mr. Prashant C. Amin has demonstrated strong leadership in successfully acquiring, integrating, and managing foreign companies. He completed his MBA in USA, along with a master’s degree in engineering and management.

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Shri Aayush A. Shah

Non-Independent & Non-Executive Director

He serves as the Executive Director of Power Build Private Limited. He has been actively involved in managing business units, formulating strategic plans and budgets, enhancing operational processes, overseeing project execution, and leading successful business turnaround efforts.

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Dr. Sonal V. Ambani

Independent & Non-Executive Director

She holds a PhD in Business Management and is the founding Chairperson of FICCI Ladies Organization (FLO) Ahmedabad. She holds two patents granted in the US and is also a member of the United Nations Development Fund for Women (UNIFEM).

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Shri Nirmal Bhogilal

Independent & Non-Executive Director

Over 5 decades of extensive experience in the machine tool building and engineering industry. A graduate in Chemical Engineering from London University, he currently serves as the Chairman of the Batliboi Group.

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24

Strong Management Team

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Mr. Kaushik Patel
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Mr. Kamlesh Shah
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Mr. Deepak Dalwadi

Mr. M. M. Nanda

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Head of Gear Division
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Head of MHE Division
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Group Chief Financial
Officer
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Head Designate of Gear Division

Joined Elecon in 1973 as a Liaison Officer and advanced to become Marketing Head and subsequently the Vice President Marketing. Since 2016, he has been leading the company as its CEO, showcasing expertise in Marketing, Business Strategy, Market Research, Resource Management, Project Management, and Business Turnaround.

• › Joined Gear division as General Manager- Supply Chain Management in 2014. and elevated as Vice President. He brings a wealth of experience, proven leadership track record and a deep understanding of vision and values of the Company with his rich experience of 35 years.

With over 27 years of extensive expertise, he possesses a diverse background in Business Strategy Planning & Budgeting, Process Improvement, Project Management, Business Turnaround, Corporate Banking, and Investor Relations across various industries.

• › Joined the Company as an Engineer in Project Department of MHE Division. Over a period of 18 years, he has served across multiple functions like SCM, BD, etc. He brings wealth of experience, proven leadership track record and deep understanding of mission and values of the Company.

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Mr. Narasimhan Raghunathan
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Chief Financial Officer
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Over two decades of experience in Accounts, Finance, Taxation, Legal & Compliance, and related functions in diverse industries and companies, encompassing both Indian and multinational corporations such as Ashok Leyland, Ernst & Young, Hansen Transmissions of Belgium, ZF of Germany, and KSB Pumps of Germany.

25

Strong Relationship with Marquee Clients

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Gear
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MHE

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…and many more

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The Brand Names and Logos mentioned are the property of their respective owners and are used here for identification purposes only

26

Awards and Recognition

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3rd Consecutive Year in a row
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27

ESG Vision

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Sustainable towards Environment 1/2

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• ~60% Energy from Renewal Sources

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Eco friendly and Green Campus

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Rainwater Harvesting to conserve rainwater ~95% Lighting converted into LED

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~95% Lighting converted into LED
40% reduction in using wood by replacing to Nail-less
Packaging
STP to reuse sewage water
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Wind Power – 13.2 MW & Solar Power – 5.5 MW Advance Electric powered equipment geared Additional 7 MW is under commissioning towards green energy contribution (4 MW of solar and 3 MW of wind)

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29

Sustainable towards Environment 2/2

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Elecon’s commitment to 3 United Nations Sustainable Development Goals (UN SDGs) for pledge towards sustainable environment

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Elecon received approval for NEAR-TERM SCIENCE-BASED TARGETS from SBTi on 6[th] January 2025

Commitment to reduce absolute scope 1 and 2 GHG emissions 54.6% by FY33 from a FY23 base year

Commitment that 81.4% of its suppliers by emissions covering purchased goods & services, and up & downstream transportation and distribution, will have science-based targets by FY28

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30

Elecon Engineering – A responsible corporate

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Elecon's mission is to engage in environmentally responsible practices, contribute to thegreater good of society, and ensure the well-being of its employees	Health & Medical Promoting Sports Caring for Society	Health & Medical Promoting Sports Caring for Society	Health & Medical Promoting Sports Caring for Society
	❖Blood Donation Camp ❖Charity to NGOs for health care and financial support to people affected by critical illness ❖Supporting charitable hospitals with latest medical equipment ❖Health activities for community ❖Healthy Heart Walkathon ❖Health & Safety awareness programs in nearby villages ❖Yoga Session on International Yoga Day ❖Under banner “Aarogyam”, organize various awareness session	❖Elecon Cricket Academy ❖Elecon Tennis Academy ❖Sponsored State Level Badminton Tournament ❖Provide training to Players	❖Food Distribution for needy ❖Support to Weaker Section of Society ❖Support to Students through Scholarship ❖Initiative for Education and Training Program ❖Career Counselling Session for children of employees ❖Initiative for Special Person ❖Maintaining gardens in the town ❖Sapling distribution under Plantation program

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Vision for Inclusiveness

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Promoting
procurements from
MSME
Sustainable Supply
Chains
Conducting Training
Dealer and Channel
Program for the
Partner Meet
customers
Web Supplier Portal
for sustainable supply
chain
Business Partner
Meet
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Business Partner Meet
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Training Program
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Building Strong Workforce with Care

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Leadership Program

Sustained Workforce

• ❖ 10+ Years average service ❖ “Gurupath”– A succession period of an employee development programme

• ❖ Leadership Accountability Workshop under “Gurukul” Project

• ❖ 810 workforce building team Elecon

• ❖ Creating a gender-diverse workforce

• ❖ Initiated workshops on cultural transformation in collaboration with a global leading organization, to strengthen the company's culture, beliefs, and values during the growth phase

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Care & Safety

• ❖ Zero Fatality

• ❖ Health & Hygiene Awareness program

❖ 697 workman hours imparted to SHE training

• ❖ Health Checkup for employees above 40 years of age

• ❖ Mediclaim for employees and their families and Term Insurance cover for Employees

• ❖ POSH awareness session

• ❖ Organized various session on “Health, Safety & Financial Awareness”

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Culture

Encouragement

❖ 73+ Learning and Development Programs conducted during half year

❖ Celebrate events for employees' achievements ❖ Celebrate various occasions

❖ 1,250+ employees attended various training for 3,900+ training hours under continuous learning program ❖ Employees inclusiveness through “HR Aapke Nikat ” initiative ❖ Team Building Activity

& Prize distribution ❖ Felicitated employees using cycle as mode of transport & supporting E-Vehicles

❖ Employee’s Children Felicitation on various occasions

❖ Awareness on addiction of Tobacco and implementation of “No Tobacco Policy”

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33

Historical Performance

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Historical Consolidated Financial Performance and Guidance for FY26

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EBITDA EBITDA Margin
(Rs Crs.) (%)
+410 bps
+30.1% 636 24.5% 24.4% 24.0%
22.2%
543 20.3%
474
339
246
FY22 FY23 FY24 FY25 FY26E FY22 FY23 FY24 FY25 FY26E
Profit After Tax Margin
(%)
+700 bps
415 18.4% 18.6%
356 15.5%
11.6%
FY24 FY25 FY22 FY23 FY24 FY25
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Total Revenue (Rs Crs.)

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+22.5% 2,650
2,227
1,937
1,530
1,212
FY22 FY23 FY24 FY25 FY26E
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Profit After Tax
(Rs Crs.)
415
+43.7%
356
237
140
FY22 FY23 FY24 FY25
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35

Historical Consolidated Ratios

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Return on Networth (%)[1]

ROCE (%)[2]

Total Asset Turnover (x)

Net Fixed Asset Turnover (x)[5]

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22.4% 29.1% 1.0 3.7 3.6
21.0% 26.8% 0.9 0.9
18.8% 24.0%
2.9
0.7
13.6% 17.6% 2.3
FY22 FY23 FY24 FY25 FY22 FY23 FY24 FY25 FY22 FY23 FY24 FY25 FY22 FY23 FY24 FY25
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Debt to Equity (x)[3]

Working Capital Cycle (Days)

Current Ratio (x)

Quick Ratio (x)[4]

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0.14 91 3.2 2.7
84 3.0 2.4
77
72 2.6
0.09 1.7
1.6
1.1
0.04 0.04
FY22 FY23 FY24 FY25 FY22 FY23 FY24 FY25 FY22 FY23 FY24 FY25 FY22 FY23 FY24 FY25
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1. Net worth is calculated as Shareholder’s Equity less Intangible Assets 2. Earning Before Interest and Tax (EBIT) is calculated as Profit Before Tax plus Finance Cost (excluding lease interest) and Capital Employed is calculated as Shareholder’s Equity plus Long Term Borrowing plus Short Term Borrowings plus Deferred Tax Liabilities 3. Debt includes lease liability 4. Quick Assets is calculated as current assets less inventory less prepaid expenses; 5. Net Fixed Asset Turnover is calculated based on Average Net Fixed Assets (i.e., Property, Plant & Equipment and Right-of-Use Plant & Machinery).

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36

Historical Consolidated Profit & Loss Statement

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Profit and Loss (Rs. Crs.)	FY25	FY24	FY23	FY22	CAGR
Revenue from Operations	2,227	1,937	1,530	1,212	22.5%
Operating Expenses	1,187	1,018	836	661
Gross Profit	1040	919	694	551	23.6%
Gross Margin (%)	46.7%	47.4%	45.4%	45.4%
Employee Cost	209	188	150	128
Other Expenses	288	256	205	176
EBITDA	543	474	339	246	30.1%
EBITDA Margin (%)	24.4%	24.5%	22.2%	20.3%
Other Income	60	44	20	9
Depreciation	61	51	49	49
EBIT	542	468	310	206
EBIT Margin (%)	24.3%	24.1%	20.3%	17.0%
Finance Cost	13	9	13	37
Share in profit of Associates	8	6	3	1
Profit before Tax	537	465	300	171	46.4%
PBT Margin (%)	24.1%	24.0%	19.6%	14.1%
Tax	122	110	62	30
PAT	415	356	238	140	43.7%
PAT Margin %	18.6%	18.4%	15.5%	11.6%
EPS (Rs.)	18.50	15.85	10.58	6.26

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37

Historical Consolidated Balance Sheet

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Assets (Rs Crs.)	Mar-25	Mar-24	Mar-23	Mar-22
ASSETS
Non-current assets
Property,Plant and Equipment	555	516	527	523
Capital work-in-progress	7	1	0	1
Right to use of Assets/Investment Properties	209	106	82	70
Investmentproperty (net)	25	25	25	25
Intangible Assets	24	20	18	15
Goodwill	102	102	103	106
Investment In Subsidiaries	71	63	57	54
Financial Assets
(i)Investments	11	20	1	0
(ii)Others Financial Assets	0	6	8	2
(iii)Loans	0	0	0	0
Deferred Tax Assets(net)	0	1	2	4
Income Tax Asset	13	10	10	23
Other non-current assets	19	36	12	9
Total Non-Current Assets	1,033	905	844	832
Current assets
Inventories	243	230	279	262
Financial Assets
(i) Investments	415	203	19	0
(ii)Trade receivables	614	445	346	415
(iii)Cash and cash equivalents	159	110	82	84
(iv)Bank balances other than(iii)	200	154	128	28
(v)Loans	0	0	0	0
(vi)Other Financial Assets	14	56	9	68
Income Tax Asset	52	21	25	30
Total Current Assets	1,696	1,219	888	887
Total Assets	2,729	2,124	1,732	1,719

Equity and Liabilities (Rs Crs.)	Mar-25	Mar-24	Mar-23	Mar-22
EQUITY AND LIABILITIES
EQUITY
Equity Share Capital	22	22	22	22
Other Equity	1,976	1,582	1,257	1,028
Shareholders Funds	1,999	1,604	1,279	1,050
Non-Current Liabilities
Financial Liabilities
(i) Borrowings	0	0	0	20
(ii) Lease Liability	147	59	40	32
Provisions	3	17	33	49
Deferred Tax Liabilities (Net)	23	26	26	28
Other non-current liabilities	21	18	11	0
Total Non-Current Liabilities	194	121	110	129
Current liabilities
Financial Liabilities
(i) Borrowings	3	0	0	80
(ii) Lease Liability	31	11	11	19
(iii) Trade Payables	280	188	196	270
(iv) Other Financial Liabilities	49	45	6	8
Other Current Liabilities	143	130	111	118
Provisions	23	17	13	23
Current tax liabilities (net)	7	8	5	21
Total Current Liabilities	537	399	343	540
Total Liabilities	2,729	2,124	1,732	1,719

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38

Historical Consolidated Cashflow Statement

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Particulars (Rs Crs.)	FY25	FY24	FY23	FY22
Profit before Tax	537	465	300	171
Adjustment for Non-Operating Items	38	50	39	106
Operating Profit before Working Capital Changes	575	516	338	277
Changes in Working Capital	(72)	(43)	37	(22)
Cash Generated from Operations	503	472	375	254
Less: Direct Taxes paid	127	108	66	31
Net Cash from Operating Activities	377	365	309	223
Cash Flow from Investing Activities	(260)	(279)	(166)	15
Cash Flow from Financing Activities	(67)	(59)	(145)	(250)
Net increase/ (decrease) in Cash & Cash equivalent	49	27	(2)	(12)
Cash and cash equivalents at the beginning of the period	110	82	84	96
Cash and cash equivalents at the end of the period	159	110	82	84

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39

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Thank You

Company: ELECON ENGINEERING COMPANY LIMITED CIN: L29100GJ1960PLC001082 Mr. Narasimhan Raghunathan / Mr. Ashish Jain Email: narasimhanr@elecon.com / arjain@elecon.com For updates and specific queries, please visit www.elecon.com

Investor Relations: Strategic Growth Advisors Pvt. Ltd. www.sgapl.net CIN: U74140MH2010PTC204285 Mr. Sagar Shroff / Mr. Tanay Shah Email: sagar.shroff@sgapl.net / tanay.shah@sgapl.net +91 98205 19303 / +91 98333 91899

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