RIR POWER ELECTRONICS Q2 CONCALL : REVENUE JUMPS 32.5% YOY, PAT SURGES 41%; MANAGEMENT TARGETS SiC WAFER PRODUCTION BY NOV–DEC 2026 & 70–80% RAILWAY BUSINESS GROWTH

• MANAGEMENT TARGETS COMMERCIAL PRODUCTION OF SILICON CARBIDE (SiC) EPITAXIAL WAFERS AT ITS ODISHA FACILITY DURING NOVEMBER–DECEMBER 2026, SUBJECT TO STATUTORY APPROVALS • MANAGEMENT ESTIMATES POTENTIAL SiC EPITAXY REVENUE OF ₹12–15 CR DURING THE REMAINING 4–6 MONTHS OF FY27, DEPENDING ON SUCCESSFUL COMMISSIONING • MANAGEMENT EXPECTS APPROXIMATELY 70–80% GROWTH IN RAILWAY BUSINESS QUANTITY/VALUE DURING FY27, SUPPORTED BY REPEAT ORDERS & STRONGER DEMAND • MANAGEMENT PLANS TO EXPAND SiC EPITAXY CAPACITY FROM TWO INSTALLED REACTORS TO POTENTIALLY FIVE REACTORS AS CUSTOMER DEMAND DEVELOPS • MANAGEMENT INDICATES CUSTOMER LETTERS OF INTENT COVER APPROXIMATELY 90% OF INITIAL SiC EPITAXY CAPACITY, ALTHOUGH THESE ARE NOT CONFIRMED SALES ORDERS • MANAGEMENT EXPECTS SEMICONDUCTOR PACKAGING FACILITY IMPLEMENTATION TO TAKE APPROXIMATELY 9–12 MONTHS AFTER BANK FINANCING IS FINALISED • Q2 REVENUE GREW 32.5% YOY & 25.1% QOQ TO ₹33.98 CR, SUPPORTED BY STRONG DEMAND FROM RAILWAYS, POWER & INDUSTRIAL APPLICATIONS • Q2 ADJUSTED OPERATIONAL EBITDA INCREASED 29.8% YOY TO ₹5.66 CR, WHILE ADJUSTED EBITDA MARGIN DECLINED 40 BPS TO 16.6% • Q2 NET PROFIT SURGED 41.2% YOY TO ₹4.45 CR, SUPPORTED BY HIGHER REVENUE & IMPROVED OPERATING SCALE • H1 FY27 REVENUE GREW 31.1% YOY TO ₹61.14 CR, ADJUSTED EBITDA JUMPED 42.8% TO ₹10.36 CR & NET PROFIT ROSE 55.2% TO ₹7.59 CR • H1 ADJUSTED EBITDA MARGIN IMPROVED TO 16.9% FROM 15.5% LAST YEAR, WHILE Q2 MARGINS FACED PRESSURE FROM HIGHER RAW MATERIAL COSTS & PROMOTIONAL EXPENSES • ODISHA SiC PHASE 1A REACTORS HAVE BEEN INSTALLED & INTERNAL TESTING IS UNDERWAY, WITH COMMERCIAL OPERATIONS AWAITING BUILDING & FIRE SAFETY CLEARANCES • MANAGEMENT INDICATED AN ORDER BACKLOG OF APPROXIMATELY ₹39 CR DURING Q&A, ALTHOUGH AN EARLIER REFERENCE OF ₹17.4 CR REQUIRES RECONCILIATION • COMPANY IS PURSUING DEFENCE, US EXPORT & HVDC OPPORTUNITIES; APPROXIMATELY 70% OF AN INITIAL US EXPORT ORDER HAS BEEN EXECUTED, WHILE PHASE 1B PACKAGING AWAITS FORMAL BANK LOAN SANCTION • MANAGEMENT EXPECTS LONG-TERM GROWTH FROM SiC EPITAXY, PACKAGING & FUTURE FABRICATION, BUT STATUTORY APPROVALS, FUNDING DELAYS, CUSTOMER QUALIFICATION & CAPACITY BOTTLENECKS REMAIN KEY RISKS

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