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Elin Electronics LimitedQ2FY27 & H1FY27 Earnings PresentationNovember 2026
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DisclaimerThis investor presentation has been prepared for informational purposes only. This Presentation does not constitute a prospectus or offering memorandum and is not an offer or initiation to buy or sell any securities, nor shall part or all of this presentation form the basis of, or to be relied on in connection with any contract or investment decision in relation to any securities. This Presentation contains forward looking statements based on the currently held outlook of the management of the Company which are expressed in good faith and in management’s opinion are reasonable. The forward looking statements may involve known and unknown risks which may cause the actual results or achievements of the Company to differ materially from those in forward-looking statements. These forward-looking statements represent only the Company’s current intentions, beliefs or expectations, and any forward-looking statement speaks only as of the date on which it was made. The Company assumes no obligation to revise or update any forward looking statements.
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S No Description1 Company Overview2 Q2 FY27 & FY27 Financial Performance & Business Discussion3 Guidance & Future OutlookAgenda
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Elin Electronics at a Glance 1 Who We AreKey Product VerticalsEMS ProductsHome AppliancesFractional Horsepower MotorsLED Lighting, Fans andSwitchesOther EMS Products ComponentsMedical Diagnostic CartridgesMoulded and Sheet Metal Components • We are a leading EMScompany, manufacturing end-to end product solutionsfor both international and domestic brands of lighting, fans, and home appliances in India, and are one of the largest fractional horsepower motors manufacturers in India • Serve customers under both OEM(manufacture and supply products basis designs developed by customers) and ODM(conceptualize, design and manufacture) business models• Highly backward integratedwith a strong focus on R&D, emerging technologies and cost optimizationacross products through value analysis and engineeringServing a Marquee Customer Base HAVELLS
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Key Business Segments 2 ParticularsProducts Manufactured• LED lighting –Battens, Downlights, Office, Solar street lights, Smart lighting etc• LED Flashlights• Fans – Ceiling, BLDC Ceiling, Fresh air, TPW etc.• Modular switches and sockets• Dry and steam irons• Mixer grinders• Hand blenders• Electric Kettle• Oil Filled Radiator• Hair dryer & straighteners• Trimmers• Electric Sterilisers• Heated Hair Brush• OTG• Coming soon –Chimneys FHP motors used in –• Mixer grinder• Hand blender• Wet grinder• Chimney• Air conditioner• TPW fans• Medical diagnostic cartridges for use in diagnostic devices• Plastic mouldedand sheet metal parts and components, largely for customers in the auto ancillary and consumer durables sectorsHome AppliancesFHPMotorsLED Lighting, Fans andSwitchesMedical Diagnostic CartridgesMouldedand Sheet Metal Component EMS ProductsComponents
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Manufacturing Locations 3 Baddi, Himachal PradeshCommenced in 2004• Home appliances – Small appliances & Personal Care productsGhaziabad, Uttar PradeshCommenced in 1970• Fractional horsepower motors• LED lighting & fans• Plastic moulded parts and sheet metal components Verna, GoaCommenced in 1995• Medical diagnostic cartridges• Plastic moulded parts and sheet metal componentsProducts manufactured Bhiwadi, RajasthanCommenced in 2026• Home appliances – Large appliances
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Manufacturing Facilities 4 TOOL ROOMPRESS SHOPAL DIECASTINGMOTORSMANUFACTURING EMS FACILITYSMT lines, Capacity: 600KCPH– 15 T to 350 TMOULDING SHOP50T - 700 T150T - 650 TASSEMBLY LINESPAD PRINTINGTESTING LABCOATINGPOWDER COATING, LIQUID PAINTINGMETALLIZING
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S No Description1 Company Overview2 Q2 FY27 & FY27 Financial Performance & Business Discussion3 Guidance & Future OutlookAgenda
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Q2FY27 & FY27 SnapshotOperating RevenueINR 4,134 millionup ~10% YoY fromINR 3,745 millionEBITDA INR 141 milliondown ~30% YoY fromINR 204 millionPBT before exceptional items INR 38 milliondown ~64% YoY fromINR 139 millionNet Cash / (Debt)INR (64) millionfromINR 59 millionNet WC Days~52 daysfrom ~53 days5
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Q2FY27 & FY27 Snapshot 6Revenue grew ~10% on a YoY basis largely led by improvement in sales realizations which in turn was led by material price inflation. Increase in revenue was led by the home appliances segmentEBITDA margin impacted by ~200 bps largely due to inability to fully pass on RMC increase to customersGross margins impacted by ~190 bps due to material price inflation both in polymers and metals and depreciation of the INR vs USDAdverse change in sales mix INR millionQ2-FY26 Q2-FY27 Q1-FY27 Q2-FY27 H1FY26 H1FY27Revenue3,745 4,134 3,628 4,134 6,700 7,762 EBITDA204 141 40 141 379181 Margin %5.4% 3.4% 1.1% 3.4% 5.7% 2.3%Profit/(Loss) Before exceptional item139 38 (38) 38 265 0
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Revenue Breakdown 7 INR millionQ2-FY26 Q2-FY27 Q1-FY27 Q2-FY27 H1-FY26 H1-FY27 Lighting, Fans & Switches724 778 1,060 778 1,525 1,838 Home Appliances1,406 1,757 1,106 1,757 2,092 2,863 FHP Motors735 568 456 568 1,349 1,024 Other EMS101 127 193 127 255 320 Total EMS2,966 3,231 2,815 3,231 5,221 6,046 Precision Components & Others692 840 712 840 1,304 1,552 Medical Cartridges88 63 101 63 174 164 Total Non-EMS 779 903 813 903 1,479 1,716 Total Revenue3,745 4,134 3,628 4,134 6,700 7,762
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Expenditure Analysis 8 Q2-FY26 Q2-FY27 Q1-FY27 Q2-FY27 H1FY26 H1FY27Cost of Material Consumed76.0% 78.1% 78.4% 78.1% 74.2% 78.2%Employee Benefits12.0% 11.9% 13.5% 11.9% 13.1% 12.7%Other Expenses6.6% 6.6% 6.9% 6.6% 7.0% 6.8%EBITDA w/o Other income5.4% 3.4% 1.1% 3.4% 5.7% 2.3%Finance Costs0.6% 0.7% 0.8% 0.7% 0.6% 0.8%Depreciation1.6% 1.9% 2.0% 1.9% 1.8% 1.9%Profit/(Loss) Before exceptional item3.7% 0.9% -1.0% 0.9% 4.0% 0.0%
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Lighting, Fans & Switches 9Lighting revenue at an inflection point, expect newly added customers to contribute meaningfully in the coming quarters We have added 5 customers in lighting; expect them to ramp up over the next several quartersEspecially in battens, we are working with customers on our pricing terms and not chasing wallet shareFans revenue flat overall; better volumes primarily in the BLDC ceiling fans categoryTPW category also seeing good traction and demandINR million Q2-FY26 Q2-FY27 Q1-FY27 Q2-FY27 H1-FY26 H1-FY27 Lighting 475 544 514 544 870 1,058 Flashlights 64 56 75 56 158 132 Fans 152 142 429 142 430 572 Switches 33 35 41 35 67 77 Total 724 778 1,060 778 1,525 1,838
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Home Appliances 10Kitchen & home care revenue grew ~25% on a YoY basisVolumes across key categories like irons and mixer grinders grew on a YoY basis whereas other categories were largely flatPersonal care segment grew by ~25% YoY on the back of better volumes in hair dryers, sterilizers and heated hair brushWe added a new customer, EDT, in the current quarterWe have participated in government tenders in personal care categoryINR million Q2-FY26 Q2-FY27 Q1-FY27 Q2-FY27 H1-FY26 H1-FY27 Kitchen & home care977 1,208 732 1,208 1,401 1,940 Personal care429 550 374 550 691 924 Total 1,406 1,757 1,106 1,757 2,092 2,863
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Fractional Horsepower MotorsMotors of Consumer durables comprise mixer grinders, hand blenders and chimneyGrowth in volumes of chimney motors offset by decline in volume of MG motorsOthers represents sale of synchronous motors terminal blocks which was impacted as most of our customers had to shut production for March 2026 due to the gas crisis caused due to the war11 INR million Q2-FY26 Q2-FY27 Q1-FY27 Q2-FY27 H1-FY26 H1-FY27 Consumer Durables660 531 396 531 1,139 926 Fans54 25 19 25 128 44 Others20 13 41 13 82 54 Total735 568 456 568 1,349 1,024
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Capex OverviewOur newest plant in Bhiwadi has been capitalized in Sep 2026Plant & Machinery represents addition of machinery primarily for OFR and OTG and automation of motor assembly lineTools, Dies & Moulds, represent tooling development for new products12 INR million Ghaziabad Bhiwadi Baddi Goa Total (H1 FY27)Land & Building 3 299 0 0 301Plant & Machinery 50 170 10 2 232Electrical Installation 2 115 1 0 118Tools, Dies & Moulds 16 16 33 2 67Others 5 48 2 0 55Total 77 648 46 4 775
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S No Description1 Company Overview2 Q2 FY27 & FY27 Financial Performance & Business Discussion3 Guidance & Future OutlookAgenda
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FY27 Guidance & OutlookDescription RemarksRevenueRevenue growth of 10 - 15% over FY26, largely led by the Home Appliances and Fans segmentEBITDAHighly volatile geopolitical situation causing fluctuation in RMC so difficult to guide for margins currently CapexINR 22cr for the full year towards scaling up existing business Marginal incremental capex towards BhiwadiWC days Target ~50 days; Improvement to be largely led by inventory and payables13
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Future Growth Drivers 13 Government Policy & RegulationsCost Leadership & ScaleFavourableDemographicsMake in India thrustBIS normsPLI benefitsCost leadership achieved through economies of scale, focus on R&D and automation and overall operational excellenceHigher disposable & discretionary incomeRising urbanization levelsFocus on convenience
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Thank You