Prakash Industries Ltd. — Earnings Release 2021

Oct 25, 2021

Prakash Industries Limited

Srivan, Bijwasan, New Delhi -110061 CIN: L27109HR1980PLC010724 Tel.: 25305800, 28062115 Fax: 91-11-28062119 E-mail : pilho@prakash.com Website : www.prakash.com

Pl USE/PR/2021

Listing Department BSE Ltd. Dalal Street Mumbai

25th October, 2021

Listing Department National Stock Exchange of India Ltd Sandra (E) Mumbai

Company Code : 506022 Company Symbol : PRAKASH

Sub: Press Release

Dear Sir/ Madam,

In terms of Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we are enclosing a press release given today by the Company for your information and record.

Thanking you,

Yours faithfully, For Prakash Industries Limited

~h~YH~ ~q'1tM/

Ashwini Kumar Company Secretary

Encl. as above

. ...._ /C?l'

PRAKASH INDUSTRIES LIMITED

FINANCIAL RESULTS FOR THE QUARTER AND HALF YEAR ENDED 30T" SEPTEMBER, 2021

Q2FY2022 vs Q2FY2021 '' in Crores)

During the quarter, the Company has achieved Net Sales f~ 894 Crores and EBITDA of ^~101 Crores, reflecting growth of 17% and 55% respectively over the corresponding quarter of last financial year. Profit after Tax for the quarter also grew by 371 % on YoY basis to ^~43 Crores.

During the Half year ended 30th September, 2021 , the Company has achieved Net Sales of ^~1924 Crores and EBITDA of ~ 200 Crores, reflecting growth of 49% and 58% respectively over the corresponding period of last financial year. Profit after Tax for the half year ended 30th September, 2021 also grew by 579% on YoY basis to' 84 Crores.

• Iron Ore Mining

The Company has mined -1.8 lakh tonnes of Iron Ore from its Sirkaguttu mine, Odisha during the quarter, up by 112% over corresponding quarter of last financial year. The Company plans to further enhance the production capacity in the following quarters which shall also contribute significantly to the margins of the Company.

• Commercial Coal Mine

The Company has been declared as the "Successful Bidder'' in respect of Bhaskarpara Coal Mine in the 12th tranche of auction of Coal Mines under Coal Mines (Special Provisions) Act, 2015 for commercial mining. The coal extracted from this mine could be used for captive consumption as well as for commercial sale. The timely opening of the mine shall come as a great respite in the current scenario marked by glob -- «'Q_rtage and spiralling prices, thereby resulting in uninterrupted supplies of co~Yi:.~ si · ~ant gains to the Company. :~:~ }, ~ ~) ~n-, c-

Disclaimer: This release contains forward-looking statements based on the currently held beliefs and assumptions of the management of Prakash lndlJs(rles dmited'{Pll}, which ore expressed In good faith and, in their opinion, reasonable. Forward looking statements involve known and unknown risks, uncutointies and other focto;s, .;;hich may cause the actual results, finonclol condition, performance, or industry results, to differ materially from the results or performance implied by such forword-looklng statements. Given these risks, uncertainties and other factors, recipients of this document ore cautioned not to place undue reliance on these forward-looking statements.