STEEL STRIPS WHEELS Q2 CONCALL : EXPECTS ABOVE 20% FY27 REVENUE GROWTH, TARGETS ₹1,500 CR EXPORTS IN 3 YEARS & PLANS ₹1,400 CR GREENFIELD EXPANSION

• MANAGEMENT EXPECTS FY27 REVENUE GROWTH ABOVE 20%, SUPPORTED BY STRONG AUTOMOTIVE DEMAND, HIGHER ALLOY WHEEL VOLUMES & EXPORTS • MANAGEMENT EXPECTS EBITDA PER WHEEL OF APPROXIMATELY ₹400 TO REMAIN SUSTAINABLE, SUPPORTED BY PREMIUM PRODUCTS & OPERATING EFFICIENCY • LONG-TERM EBITDA PER WHEEL COULD REACH ₹450–500, ALTHOUGH MANAGEMENT HAS NOT PROVIDED A SPECIFIC TIMELINE • FY27 EXPORT REVENUE EXPECTED TO EXCEED ₹600 CR, WITH POTENTIAL UPSIDE TO ₹700–750 CR • MANAGEMENT TARGETS AT LEAST ₹1,500 CR EXPORT REVENUE WITHIN THREE YEARS, WITH POTENTIAL UPSIDE TO ₹2,000 CR • EUROPEAN OEM EXPORT ORDERS EXPECTED TO ACCELERATE DURING FY28, SUPPORTED BY NEW STEEL & ALUMINIUM WHEEL PROGRAMS • Q2 REVENUE UP 61% YOY TO ₹1,930 CR, WHILE REPORTED EBITDA UP 107% YOY TO ₹237 CR & NET PROFIT UP 209% TO ₹119 CR • EBITDA PER WHEEL INCREASED TO ₹404 VS ₹242 YOY, SUPPORTED BY HIGHER-VALUE PRODUCTS, CUSTOMER PRICE REVISIONS & BETTER EFFICIENCY • ALLOY WHEELS CONTRIBUTED APPROXIMATELY 45% OF Q2 REVENUE, WITH VOLUMES REACHING 12 LAKH UNITS • BHUJ ALLOY WHEEL EXPANSION WILL ADD 12 LAKH WHEELS ANNUALLY, WITH COMMISSIONING TARGETED FOR APRIL 2027 • BHUJ ALUMINIUM KNUCKLE FACILITY TARGETS COMMERCIAL PRODUCTION IN Q4 FY27, WITH ANNUAL CAPACITY OF 11 LAKH UNITS • MANAGEMENT EXPECTS NEW FACILITIES TO ACHIEVE ABOVE 80% CAPACITY UTILIZATION DURING FY28, SUPPORTED BY DOMESTIC & EXPORT DEMAND • COMPANY PLANS ₹1,400 CR GREENFIELD INVESTMENT AT SAMBHAJINAGAR OVER FIVE YEARS, TARGETING AT LEAST 25% HIGHER MANUFACTURING PRODUCTIVITY • HOT STAMPING BUSINESS TARGETS APPROXIMATELY ₹400 CR REVENUE POTENTIAL WITH ₹170 CR INVESTMENT, WHILE PRODUCTION IS EXPECTED TO BEGIN IN Q4 CY2027 • FY27 CAPEX EXPECTED ABOVE ₹600 CR; HIGH INVESTMENT REQUIREMENTS, EXPORT FREIGHT COSTS, AUTOMOTIVE DEMAND SLOWDOWN & PROJECT EXECUTION REMAIN KEY RISKS

STEEL STRIPS WHEELS LTD.

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