PLASTIBLENDS INDIA Q2 : REVENUE GROWTH DESPITE HIGH RAW MATERIAL & ENERGY COSTS

• Company reported revenue growth despite challenging market conditions, supported by improved price realisations. • Raw Material & Operating Costs: Elevated raw material prices, power and freight expenses continued to pressure profitability. • Gujarat Power Costs: Fuel surcharge increased significantly during Q2, further raising manufacturing costs. • Margin Outlook: Company absorbed part of the higher costs to protect customers and market share. Management plans to pass these costs on in subsequent quarters. • Exports: Export business performed well, supported by entry into new markets and an improved product mix. • Rupee Depreciation: INR weakened to approximately ₹96/USD from ₹88/USD a year ago, improving export competitiveness but increasing import costs. • Engineering Plastics: Division continues to grow, with management expecting strong momentum ahead. • Solar Expansion: Commissioned a 5.2 MW solar open-access power project in Gujarat in September 2026 to help offset higher energy costs. • Management Outlook: Focus remains on cost optimisation, operational efficiency, export growth and sustainable expansion.

HIGH ENERGY BATTERIES (INDIA)

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