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8[th] January, 2026

To,

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

Sub. : Investor Presentation of the Earnings Conference Call to be held on 9[th] January, 2026
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 6[th] January, 2026 regarding schedule of Earnings Conference Call, please find attached herewith the Investor Presentation for Q3 for the Financial Year 2025-26. The same is also available on the website of the Company at https://www.elecon.com/investors/presentations-made-to-analysts-or-institutionalinvestors

You are requested to take the same on your records.

Thanking you.

Yours faithfully,

For Elecon Engineering Company Limited,

Isarani Bhartiben Lalitkumar Digitally signed by Isarani Bhartiben Lalitkumar DN: c=IN, o=Personal, title=0260, pseudonym=13344004923474687732l9466G99GIEd, 2.5.4.20=c52a2198888be34c1add3d3f7036982173c1697fa1745ed6de6567e0103054b2, postalCode=388001, st=Gujarat, serialNumber=f4c51b6318e6acab9d278ccf2d6ca7b880331cffa3da32bef38e61c2c76bc835, cn=Isarani Bhartiben Lalitkumar Date: 2026.01.08 18:32:32 +05'30' Bharti Isarani Company Secretary & Compliance Officer

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Encl.: As above

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Elecon Engineering Company Limited Investors Presentation – Q3 & 9M FY26

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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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Agenda

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Historical Performance .
Values and Cultural Beliefs Company Overview
1 3 5
4
2
Q3 & 9M FY26 ESG
Performance Highlights Vision
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Values and Cultural Beliefs

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Values at Elecon

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Our Values are our Bedrock!
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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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.

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Safety and Wellness

To prevent incidents and prioritize well-being, we implement: Safety Audits Safety ingrained as a Mock Drills Fundamental Emergency Preparedness Plans Value Fire Safety Protocols Comprehensive Training rather than Other targeted initiatives just a priority SAFETY FIRST

Safety ingrained as a

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FIRST
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2020-21 : Zero Accidents 2021-22 : One Minor Accident 2022-23 : Zero Accidents 2023-24 : One Minor Accident 2024-25 : One Minor Accident 9MFY26 : Zero Accidents

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Q3 & 9M FY26 Performance Highlights

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Consolidated Q3 & 9M FY26 Financial Highlights
Revenue EBITDA Order Intake
Q3FY26
Rs. 552 crores Rs. 109 crores Rs. 701 crores
+4% YoY -23% YoY +7% YoY
9MFY26
Rs. 1,620 crores Rs. 365 crores Rs. 2,003 crores
+13% YoY +5% YoY +15% YoY
Consolidated Revenue and EBITDA for 9MFY26 include Rs 25 crores of one-time income from arbitration claim settlement in MHE division received in Q1FY26.
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Open Order as at 31[st] December 2025 stands at Rs. 1,372 crores (vs. Rs. 1,105 crores as at 31[st] December 2024)

Despite near-term softness, 9M performance was strong. FY26 Revenue Guidance may be lower by upto ~5%, while Adjusted EBITDA margins may be lower by upto ~2%. Going forward, improvement is expected considering healthy order book and robust inquiry pipeline.

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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 Q3FY26, Elecon reported Consolidated Revenue of ₹ 552 crores , reflecting a growth of 4.3% on a Y-o-Y basis. EBITDA for the quarter stood at ₹ 109 crores , with an EBITDA margin at 19.8%, while Profit after Tax (PAT) was ₹ 72 crores, resulting in PAT margins at 13.0% . Order-in-take for the quarter was ₹ 701 crores , and our order book as at 31[st] December 2025 stood at ₹ 1,372 crores. The strong order book, combined with a healthy order inflow outlook across both domestic and overseas markets, provides good visibility and confidence going forward.

Elecon continues to be a market leader in India for both Industrial Gear Solutions and Material Handling Equipment, successfully harnessing the growth momentum in the domestic market. At the same time, we are focused on expanding our overseas business across multiple geographies. Our competitive edge is driven by advanced manufacturing capabilities, recently upgraded with state-of-the-art machinery, a comprehensive portfolio of high-quality products, and the ability to deliver custom-engineered solutions with optimized lead times, ensuring consistent and reliable performance for our diverse customers.

During Q3 FY26, our Material Handling Equipment (MHE) division sustained its strong growth trajectory, reporting revenue of ₹123 crores , up 16.3% YoY, with an EBIT margin of 20.2%. With our strategic focus on product supply and expansion of aftermarket services, we expect this segment to maintain steady momentum going forward. Our Gear division delivered a resilient performance, reporting revenue of ₹429 crores , up 1.3% YoY, with an EBIT margin of 18.2%.

Demand remains healthy across both domestic and overseas markets. In India, sustained investment activity in key sectors such as steel, power, and cement is expected to drive growth. The overseas business is also showing signs of recovery, with consistent traction and encouraging enquiry levels across multiple geographies.

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 continued brand-building initiatives reinforce our confidence in achieving this milestone.

Our growth strategy is underpinned by strategic alliances with international partners, Continued investments in R&D and innovation, and a focused push to scale our high-growth MHE division. These initiatives collectively position Elecon to outperform industry trends, expand our domestic and global presence, and most importantly, deliver sustainable, profitable growth.”

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Consolidated Segment-wise Performance – Gears

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Revenue from the Gear
Revenue (Rs Crs.) EBIT (Rs Crs.)
Division remained flat in Q3
Margin FY26, primarily due to delays
27.8 18.2 24.4 18.6
+5.4% (%) in order inflows during H1
FY26, which consequently
-19.9%
impacted execution and
1,227
+1.3% 1,165 differed dispatch delivery
-33.6% 285
228 schedule by customers.
423 429 118
78 EBIT Margin was impacted
due to flat revenue
performance, increase in
Q3FY25 Q3FY26 9MFY25 9MFY26 Q3FY25 Q3FY26 9MFY25 9MFY26
employee costs and change in
product mix .
Order Intake (Rs Crs.) Open Order as at 31 [st] Dec 2025 (Rs Crs.) We continue to witness steady
demand from domestic
power, steel, cement, and
MHE industries.
+11.1% +18.6%
Healthy open orders and
-1.1% 1,441 811 encouraging inquiries levels
1,297 684 provide good visibility and
confidence for revenue
469 464
improvement and recovery in
margin going forward.
Q3FY25 Q3FY26 9MFY25 9MFY26 Dec-24 Dec-25
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Consolidated Segment-wise Performance – MHE

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Revenue (Rs Crs.) EBIT (Rs Crs.)
Margin
30.9 20.2 27.4 26.1 30.9
(%)
+48.7%
+67.6%
+39.1%
+32.7%
368 393 121
+16.3% -24.0% 96
264 72
123
105
33 25
Q3FY25 Q3FY26 9MFY25 9MFY26 9MFY26 Q3FY25 Q3FY26 9MFY25 9MFY26 9MFY26
Order Intake (Rs Crs.) Open Order as at 31 [st] Dec 2025 (Rs Crs.)
+28.3% +33.3%
562 561
+28.1%
438 421
237
185
Q3FY25 Q3FY26 9MFY25 9MFY26 Dec-24 Dec-25
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The MHE Division continued its strong growth momentum in Q3 FY26. Revenue grew by 16.3% YoY during the quarter, while 9MFY26 revenue increased by 39.1%, after excluding arbitration income of Rs 25 crore.

The division continues to secure new orders consistently in the domestic market and expects order inflows from international markets going forward.

EBIT margin during the quarter was impacted due to unfavorable product mix. A healthy open order book and strong inquiry pipeline provide confidence for improved performance ahead.

* Adjusted Revenue for 9MFY26 = Total Revenue less Arbitration Settlement Income of Rs 25 crores pertaining to one-time arbitration settlement.

** Adjusted EBIT for 9MFY26 = Reported EBIT less Arbitration Settlement Profit of Rs 25 crores pertaining to one-time arbitration settlement.

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Consolidated Revenue Split

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Geography Wise
(Rs Crs., %)
+13.4%
1,620
+4.3%
1,429
+18.7%
552
529
+4.5% 1,245
1,048
(77%)
(73%)
403 421
(76%)
(76%)
-1.4%
381 376
126 +3.6% 131
(27%) (23%)
(24%) (24%)
Q3FY25 Q3FY26 9MFY25 9MFY26
Domestic Overseas
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Revenue growth during the quarter remained modest due to delays in order receipts impacting execution. While domestic performance over the ninemonth period remained strong and overseas business was impacted by geopolitical challenges, we are now seeing signs of recovery and improving traction in overseas markets . Overall demand trends remain encouraging, with healthy enquiry levels supporting improved momentum going forward.

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Segment Wise (Rs Crs., %)

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+13.4%
1,620
+4.3%
1,429
+5.4%
552
529
+1.3% 1,227
1,165 (76%)
429 (82%)
423
(78%)
(80%)
393
105 +16.3% 123 264 +48.7% (24%)
(22%) (18%)
(20%)
Q3FY25 Q3FY26 9MFY25 9MFY26
Gear MHE
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MHE Division: The division continued its strong growth trajectory during the year, driven by a strategic focus on product supply and capitalizing on expanding opportunities in after-sales services.

Gear Division: While growth momentum moderated due to delays in overseas order receipts during H1 FY26, we are now seeing steady demand across the power, steel, cement, and MHE industries , with healthy enquiry levels supporting improved execution going forward.

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Consolidated Order Book

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Order Intake (Rs Crs.)

Open Order as at 31[st] Dec 2025 (Rs Crs.)

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+24.2%
+15.4%
1,372
2,003
1,735 1,105
811
+7.2%
1,441
684
1,297
654 701
469 464 561
562 421
438
185 237
Q3FY25 Q3FY26 9MFY25 9MFY26 Dec-24 Dec-25
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Gear MHE

❖ Gear Division: The Order Intake for Q3FY26 stood at Rs. 464 Crs. compared to Rs. 469 Crs. in Q3FY25. Orders in Hand is Rs. 811 Crs. as at 31[st] December 2025.

❖ MHE Division: The Order Intake for Q3FY26 stood at Rs 237 Crs. compared to Rs 185 Crs. in Q3FY25, a Y-o-Y growth of 28% . Orders in Hand is Rs. 561 Crs. as at 31[st] December 2025.

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Consolidated Performance

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Total Revenue * Revenue (Gear) Revenue (MHE)
(Rs Crs.) (Rs Crs.) (Rs Crs.)
+ 13.4 % +5.4% +48.7%
+39.1%
+11.6%
1,227
+1.3% 1,165
393
+4.3% 1,595 1,620 +16.3% 368
1,429
264
529 552 423 429 105 123
Q3FY25 Q3FY26 9MFY25 9MFY26 9MFY26 Q3FY25 Q3FY26 9MFY25 9MFY26 Q3FY25 Q3FY26 9MFY25 9MFY26 9MFY26
EBITDA
Profit After Tax
(Rs Crs.)
(Rs Crs.)
Margin (%) 27.0 19.8 24.3 21.3 22.5 Margin (%) 20.3 13.0 18.8 14.3 20.7
+5.1% +24.8%
-2.1% -15.0%
-23.4% 347 340 365 -33.1% 335
269
228
143 109 108 72
Q3FY25 Q3FY26 9MFY25 9MFY26* 9MFY26 Q3FY25 Q3FY26 9MFY25 9MFY26 9MFY26
Adjusted Consolidated Revenue and Adjusted EBITDA for 9MFY26 excluding Rs 25 crores of one-time income from arbitration claim settlement in MHE division.
Adjusted PAT for 9MFY26 excluding the above Rs 19 crores (net of tax) as well as further Rs 7 crores (net of 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 below PBT.
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Consolidated Key Ratios

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Return on Networth (%) [1,6] RoCE (%) [2,6] Total Asset Turnover (x) [6] Net Fixed Asset Turnover (x) [5,6]
0.9 3.6
26.8% 0.8 3.3
23.6%
21.0%
18.5%
FY25 H1FY26 FY25 H1FY26 FY25 H1FY26 FY25 H1FY26
Debt to Equity (x) [3] Working Capital Cycle (Days) Current Ratio (x) Quick Ratio (x) [4]
0.11 3.6
85 3.0
81 3.2
0.09 2.7
FY25 H1FY26 FY25 H1FY26 FY25 H1FY26 FY25 H1FY26
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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) 6. Return on Net worth, ROCE, Total Asset Turnover and Net Fixed Asset Turnover are calculated on TTM basis.

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Consolidated Profit & Loss Statement
									n
Profit and Loss(Rs. Crs.)	Q3FY26	Q3FY25	Y-o-Y	Q2FY26	Q-o-Q	9MFY26	9MFY25	Y-o-Y
Revenue from Operations*	552	529	*4.3%*	578	*-4.6%*	1620	1429	*13.4%*
Raw Material Cost	313	268		329		875	743
Gross Profit	239	261	*-8.5%*	249	*-4.3%*	746	686
Gross Margin(%)	*43.3%*	*49.3%*	*-610 bps*	*43.1%*	*10 bps*	*46.0%*	*48.0%*	*-200 bps*
Employee Cost	59	48		58		176	141
Other Expenses	71	70		66		205	197
EBITDA*	109	143	*-23.4%*	126	*-13.1%*	365	347	*5.1%*
EBITDA Margin(%)	*19.8%*	*27.0%*	*-720 bps*	*21.7%*	*-190 bps*	*22.5%*	*24.3%*	*-180 bps*
Other Income**	19	16		18		64	41
Depreciation	27	16		25		77	42
EBIT	101	143	*-29.4%*	119	*-15.1%*	352	347	*1.3%*
EBIT Margin(%)	*18.3%*	*27.0%*	*-870 bps*	*20.5%*	*-230 bps*	*21.7%*	*24.3%*	*-260 bps*
Finance Cost	7	3		6		19	8
Share inprofit of Associates	0	1		0		1	6
Profit before Tax & Exceptional Items	94	140	*-33.0%*	113	*-16.8%*	334	345	*-3.3%*
PBT Margin(%)	*17.0%*	*26.5%*	*-950 bps*	*19.5%*	*-250 bps*	*20.6%*	*24.1%*	*-350 bps*
Exceptional Income/ (Expense)***	0	0		0		80	0
Profit before Tax	94	140	*-33.0%*	113		414	345
PBT Margin(%)	*17.0%*	*26.5%*	*-950 bps*	*19.5%*		*25.6%*	*24.1%*
Tax	22	33		25		79	76
PAT	72	108	*-33.1%*	88		335	269
PAT Margin(%)	*13.0%*	*20.3%*	*-730 bps*	*15.2%*		*20.7%*	*18.8%*
EPS(Rs.)	3.21	4.79		3.91		14.94	11.97
** Exceptional Income pertains to unrealised gain on reclassification of investment i_ EIMCO Elecon (India) Ltd. from “Associate” to “financial asset” w.e.f. 23rd April 2025. Revenue and EBITDA for 9MFY26 includes Rs 25 crores of one-time arbitration settlement income _ Other Income for 9MFY26 includes Rs 10 crores of one-time arbitration settlement income

*** 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.

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Company Overview

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Engineering Company providing Innovation led Technology Solutions

State of art manufacturing facilities with DSIR approved InHouse 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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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

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

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Elecon Engineering

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

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

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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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Elecon at 75: A Legacy of Engineering Excellence

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

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3 Brands serving across the globe
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Domestic Market – Serving across India
1 13
Manufacturing Facility Sales Offices
65+ 60+
Distributors & Dealers Customer Representatives
Overseas Market – Serving 95+ Countries
4
10
Manufacturing / Assembly
Sales Offices
Centres
110+ 35+
Distributors & Dealers Customer Representatives
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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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Our Footprint Across India & the Globe

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Benzlers Plant Sweden (Helsingborg)
~3,100 Sq. Meters
Benzlers Plant Netherlands (Venlo)
~1,700 Sq. Meters
Radicon Plant UK (Elland)
~3,000 Sq. Meters
Radicon Plant USA (Elgin)
~4,900 Sq. Meters
Elecon Manufacturing Plant
(Vallabh Vidyanagar)
~3,35,000 Sq. Meters
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State of the Art Manufacturing Facility

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State of the art facility located at Vallabh Vidyanagar, Gujarat The facility is spread over approximately 335,000 Square Meters

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~~Our Ultra Modern Facility - BMCE~~

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Product Development & Innovation

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Design Analysis & Value Engineering Stage

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Engineering Stage

2 Patents granted & 5 Patents applied

3D Modelling and 100+ Engineers team Drawing Stage dedicated for R&D

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Pre-Design Stage 20+ Software for designing, analysis and DSIR approved parameter validation

DSIR approved In-House R&D facility

With two integrated R&D centers in India, Elecon strengthens its technology leadership and competitive advantage in material handling and industrial gear.

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Gear Division – Providing a wide variety of solutions

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Diversified across Market leaders in the
Best in class Gear
World Class industries such as domestic market and
Widest range of Solutions
Industrial Gears operations with low Power, Cement, strategically expanding
lead time Sugar, Steel etc. overseas
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
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Supplying to multiple industries thus diversifying risk

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Steel Cement Sugar Plastic
Industry Agnostic Gear Access to new market Resilience to Business
Sustainable Performance
Solutions opportunities Cycles
Defence Rubber Mining Power
…and many more
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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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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 Director

He is a graduate in Economics/Industrial Management and MBA in International Management. With his deep expertise in strategic leadership and organizational 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 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.

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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Shri Nirmal Bhogilal Independent 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.

Smt. Natasha K. Treasurywala

Independent Director

She holds a Law degree from Mumbai University, a B.A. from New York University and is a qualified Solicitor with the Bombay Incorporated Law Society. She is an advocate and partner at M/s. Desai & Diwanji, where she is part of the corporate commercial practice group.

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Strong Management Team

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Mr. Deepak Dalwadi Mr. Kaushik Patel
Head of Gear Division Head of MHE Division
› Joined Gear division as › Joined the Company as an
General Manager- Supply Engineer in Project
Chain Management in 2014. Department of MHE
and elevated as Vice Division. Over a period of 18
President. He brings a years, he has served across
wealth of experience, multiple functions like SCM,
proven leadership track BD, etc. He brings wealth of
record and a deep experience, proven
understanding of vision and leadership track record and
values of the Company with deep understanding of
his rich experience of 35 mission and values of the
years. Company.
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Mr. Narasimhan Raghunathan Chief Financial Officer › 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.

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Strong Relationship with Marquee Clients

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Gear
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MHE

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…and many more

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

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Awards and Recognition

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“Best Employee Engagement Strategy” Award by Indian Red Cross Society felicitated for contribution Synnex at India HR Summit Awards 2025, New Delhi through Voluntary Blood Donation drives 3rd Consecutive Year in a row

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ESG Vision

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Sustainable towards Environment 1/2

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Eco friendly and Green Campus
Rainwater Harvesting to conserve rainwater
~95% Lighting converted into LED
40% reduction in using wood by replacing to Nail-less
Packaging
STP to reuse sewage water
~55% Energy from Renewal Sources
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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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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Elecon Engineering – A responsible corporate

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Elecon Engineering – A responsible corporate 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 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 Elecon Cricket Academy Elecon Tennis Academy Sponsored State Level Badminton Tournament Provide training to Players Blood Donation Camp Charity to NGOs (both overseas and domestic) 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 Engineering – A responsible corporate
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
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
Elecon Cricket Academy
Elecon Tennis Academy
Sponsored State Level
Badminton Tournament
Provide training to Players
Blood Donation Camp
Charity to NGOs (both overseas
and domestic) 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

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Vision for Inclusiveness

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

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Culture

Leadership Program

Care & Safety

Sustained Workforce

Encouragement

10+ Years average service “Gurupath”– A period of an employee succession development programme 898 workforce building team Elecon Leadership Accountability Workshop under Creating a gender-diverse “Gurukul” Project

170+ Learning and Celebrate events for succession development Zero Fatality Development Programs programme conducted during nine employees' achievements Health & Hygiene Awareness Leadership Accountability program months Celebrate various occasions Workshop under 1847 workman hours 2,800+ employees attended & Prize distribution “Gurukul” Project various training for 8,000+ imparted to SHE training Felicitated employees using training hours under Initiated workshops on Health Checkup for continuous learning program cycle as mode of transport & cultural transformation employees above 40 years of in collaboration with a age Employees inclusiveness supporting E-Vehicles global leading organization, Mediclaim for employees and through “HR Aapke Nikat ” Employee’s Children to strengthen the initiative their families and Term company's culture, beliefs, Felicitation on various Insurance cover for Team Building Activity and values during the Employees occasions growth phase Host an Engineering Fair as POSH awareness session part of Engineer’s week, Awareness on addiction of Organized various session on where employees showcase Tobacco and their creativity through “Health, Safety & Financial innovative ideas, model implementation of “No Awareness” displays and more Tobacco Policy”

Creating a gender-diverse workforce

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Historical Performance

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Historical Consolidated Financial Performance and Guidance for FY26

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Total Revenue EBITDA EBITDA Margin
(Rs Crs.) (Rs Crs.) (%)
+410 bps
+22.5% 2,650 +30.1% 636 24.5% 24.4% 24.0%
22.2%
2,227 543 20.3%
1,937 474
1,530 339
1,212
246
FY22 FY23 FY24 FY25 FY26E FY22 FY23 FY24 FY25 FY26E FY22 FY23 FY24 FY25 FY26E
Note: FY26 Revenue Guidance may be lower by upto ~5%, while Adjusted EBITDA margins may be lower by upto ~2%. Going forward, improvement is expected considering healthy order book and
robust inquiry pipeline.
Profit After Tax Profit After Tax Margin
(Rs Crs.) (%)
+700 bps
415 18.4% 18.6%
+43.7%
356 15.5%
11.6%
237
140
FY22 FY23 FY24 FY25 FY22 FY23 FY24 FY25
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Historical Consolidated Ratios

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Return on Networth (%) [1] ROCE (%) [2] Total Asset Turnover (x) Net Fixed Asset Turnover (x) [5]
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
Debt to Equity (x) [3] Working Capital Cycle (Days) Current Ratio (x) Quick Ratio (x) [4]
0.14 91 3.2 2.7
84 85 3.0 2.4
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
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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Historical Consolidated Profit & Loss Statement


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 Historical Consolidated Profit & Loss Statement

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
Historical Consolidated Profit & Loss Statement

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Historical Consolidated Balance Sheet


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 Investments accounted for using the equity method 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 Historical Consolidated Balance Sheet

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
Investments accounted for using the equity
method
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
Historical Consolidated Balance Sheet

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Historical Consolidated Cashflow Statement

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Historical Consolidated Cashflow Statement Particulars (Rs Crs.) FY25 FY24 FY23 FY22 Profit before Tax 537 465 300 171 Adjustment for Non-Operating Items 44 50 39 106 Operating Profit before Working Capital Changes 581 516 338 277 Changes in Working Capital (22) (43) 37 (22) Cash Generated from Operations 559 472 375 254 Less: Direct Taxes paid 127 108 66 31 Net Cash from Operating Activities 432 365 309 223 Cash Flow from Investing Activities (316) (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

Historical Consolidated Cashflow Statement
Particulars (Rs Crs.)
FY25
FY24
FY23
FY22
Profit before Tax
537
465
300
171
Adjustment for Non-Operating Items
44
50
39
106
Operating Profit before Working Capital Changes
581
516
338
277
Changes in Working Capital
(22)
(43)
37
(22)
Cash Generated from Operations
559
472
375
254
Less: Direct Taxes paid
127
108
66
31
Net Cash from Operating Activities
432
365
309
223
Cash Flow from Investing Activities
(316)
(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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