PG ELECTROPLAST Q2 CONCALL: REVENUE JUMPS 42.5%, EBITDA GROWS 54.8%; MANAGEMENT TARGETS 20–25% AC VOLUME GROWTH, 45–50% WASHING MACHINE GROWTH & STRONGER H2 FY27

MANAGEMENT GUIDANCE & OUTLOOK • MANAGEMENT EXPECTS STRONGER H2 FY27 PERFORMANCE, SUPPORTED BY HEALTHY ORDER BOOKINGS, HIGHER CAPACITY UTILISATION & IMPROVING OPERATING LEVERAGE • MANAGEMENT TARGETS 20–25% AC VOLUME GROWTH IN FY27, WITH DELIVERIES OF 21–22 LAKH UNITS AGAINST 17 LAKH UNITS LAST YEAR • MANAGEMENT INDICATES FY27 AC REVENUE OF OVER ₹4,000 CR IS ACHIEVABLE, WITH STRONGER VOLUME GROWTH EXPECTED IN Q4 • MANAGEMENT EXPECTS WASHING MACHINE REVENUE GROWTH OF 45–50% IN FY27, WITH ANNUAL REVENUE APPROACHING ₹1,000 CR • MANAGEMENT TARGETS FY27 ELECTRONICS REVENUE OF ₹550–600 CR, SUPPORTED BY TV MOTHERBOARDS, AC CONTROLLERS & OTHER ELECTRONIC PRODUCTS FINANCIAL PERFORMANCE & BUSINESS DEVELOPMENTS • Q2 REVENUE GREW 42.5% YOY TO ₹934 CR, WHILE EBITDA INCREASED 54.8% TO ₹69.14 CR • Q2 NET PROFIT JUMPED TO ₹13.67 CR FROM ₹2.76 CR YOY, WHILE EBITDA MARGIN STOOD AT 7.4% • H1 CONSOLIDATED REVENUE CROSSED ₹2,950 CR, WHILE AC REVENUE GREW 36.2% YOY TO ₹1,561 CR WITH APPROXIMATELY 22% VOLUME GROWTH • H1 WASHING MACHINE REVENUE GREW 60.7% YOY TO OVER ₹500 CR, WHILE ELECTRONICS REVENUE INCREASED 90.3% YOY CAPACITY EXPANSION & FUTURE GROWTH • MANAGEMENT TARGETS COMPRESSOR TRIAL PRODUCTION BY NOVEMBER-END 2026 & MASS PRODUCTION DURING JANUARY–FEBRUARY 2027 • NEW SUPA COMPRESSOR FACILITY HAS INITIAL ANNUAL CAPACITY OF 20 LAKH UNITS, WITH MANAGEMENT TARGETING 15–18 LAKH COMPRESSORS DURING CALENDAR YEAR 2027 • MANAGEMENT EXPECTS SRI CITY REFRIGERATOR FACILITY TO BEGIN COMMERCIAL PRODUCTION IN Q4 FY27, WITH 12 LAKH ANNUAL CAPACITY & FY28 PRODUCTION TARGET OF APPROXIMATELY 7 LAKH UNITS • MANAGEMENT MAINTAINS FY27 CAPEX GUIDANCE OF APPROXIMATELY ₹400 CR, WHILE FY28 CAPEX IS EXPECTED AT ₹150–200 CR • MANAGEMENT EXPECTS OVER ₹70 CR PLI INCENTIVES IN FY27, MAINLY DURING Q3–Q4, WHILE FY28 TOTAL INCENTIVES ARE ESTIMATED AT ₹105–110 CR • MANAGEMENT EXPECTS H2 MARGIN IMPROVEMENT FROM OPERATING LEVERAGE, PLI INCENTIVES & BACKWARD INTEGRATION, BUT COMMODITY INFLATION, HIGHER WORKING CAPITAL & NEW PLANT EXECUTION REMAIN KEY RISKS INVESTOR TAKEAWAY: POSITIVE — STRONG REVENUE GROWTH, HEALTHY AC & WASHING MACHINE DEMAND, AND NEW COMPRESSOR & REFRIGERATOR CAPACITY SUPPORT THE GROWTH OUTLOOK. KEY MONITORABLES INCLUDE H2 MARGIN RECOVERY, PLI RECOGNITION, CAPACITY RAMP-UP & WORKING CAPITAL MANAGEMENT.

PG ELECTROPLAST LTD

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