PCBL CHEMICAL Q2 FY27: TARGETS 1 MILLION MTPA CARBON BLACK CAPACITY BY FY28; PAT UP 20% YOY, BATTERY MATERIALS EXPANSION & SPECIALTY CHEMICAL GROWTH PLANS

• FY28 Capacity Target: Management targets 1 million MTPA carbon black production capacity by FY28, compared with the current installed capacity of 9 lakh MTPA • Margin Pressure: EBITDA margin stood at 12.5% versus 12.8% YoY and 16% QoQ, reflecting lower volumes and elevated operating costs • Carbon Black Volumes: Total sales volumes declined 17% YoY to 1,34,180 MT from 1,61,728 MT, impacted by geopolitical tensions, trade disruptions and higher freight costs • Specialty Chemicals Business: Aquapharm generated ₹433 Cr revenue and ₹42 Cr EBITDA during Q2 FY27 • Specialty Product Expansion: Management plans to increase the contribution of higher-margin products, including Green Chelates, polymers, biocides and synthetic thickeners • Battery Materials Expansion: Developing proprietary nano-silicon, conductive carbon and silicon-carbon materials for next-generation battery applications • EV Battery Opportunities: Focused on improving battery energy density, charging speed and cycle life, with pilot manufacturing, material validation and customer co-development planned before commercial scale-up • Green Chelates Business: Customer qualification progressing in the US and Europe, supporting international expansion opportunities • Oil & Gas Chemicals: Advancing biocide and corrosion inhibitor qualifications with leading US oil and gas companies • Backward Integration: Evaluating integration into coal tar and yellow phosphorus to improve raw material security, reduce costs and strengthen margins • Power Capacity Expansion: Adding 12 MW co-generation capacity in Tamil Nadu during FY27, increasing total capacity from 122 MW to 134 MW • Power Business: Generated 186 million units of electricity and sold 108 million units externally during Q2; power realisations improved to ₹5.34/unit from ₹3.76/unit YoY • Global Expansion: Strengthening supply chain through an Antwerp warehouse and US entity to improve international customer service and market penetration • Capex Investment: H1 FY27 net capital expenditure stood at ₹202 Cr, while operating cash flow reached ₹363 Cr • H1 Performance: Revenue increased 16% YoY to ₹4,948 Cr, EBITDA grew 18% to ₹710 Cr and PAT surged 47% to ₹229 Cr • Future Growth Strategy: Focused on carbon black capacity expansion, specialty product premiumisation, advanced battery materials, global market penetration and cost optimisation • FY27 Guidance: Management highlighted volume-led growth and margin improvement

PCBL CHEMICAL LIMITED

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