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Investor Update Q2 FY26
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2 Part of RP-Sanjiv Goenka Group India’s first fully integrated utility company, serving across An entertainment Company with having diverse portfolio of songs, films, TV serials, web series, artist management & live events. India’s organized retailer with varied assortments. Too Yumm, a Innovating in the through new-age brands Naturali and Within Beauty. LSG is a premier IPL franchisee focused on Eastern India’s definitive India’s producer of rubber & South India’s cultivator of tea. Delivering —shaping conversations in business, culture, lifestyle and current affairs. One of India’s new-age and fastest growing Conglomerates Presence in 60+ countries Strong workforce of 55,000+ employees, belonging to different nationalities * All figures as on FY25 Group turnover of ~US$5 Bn* EBITDA of ~US$930 Mn* Asset base of >US$8 Bn* Over 1.2 Million Shareholders A transforming operations across industries through its - delivering transformative, AI-powered solutions at speed and scale. A company and Carbon Black player. 100+ offices worldwide 2
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PCBL Chemical- A Global Specialty Chemical Player Capacity Plants Grades (Tyre, Performance, Specialty) Rubber & Specialty Blacks Aims to achieve Carbon Black capacity by FY28 3 company globally developing all three advanced technologies- for applications in conductive solutions and next-gen batteries Battery Chemicals Expanding portfolio towards Specialty & Solutions India’s largest & amongst Phosphonate Producers globally Largest Carbon Black Producer globally Total Capacity Plants Grades (Home Care, Oil & Gas, Water Solution & Others) Largest Specialty Black Player globally customers Specialty Black
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Multi- Chemistry Offerings – Touching Lives in More Ways Than One Carbon Black Performance Specialty Black Tyre & Tyre Specialty Specialty & Solutions Battery Chemicals Home Care Oil and Gas Water Solution & Application Specific Nano Silicon Fracking Drilling Simulation Oil Production Fabric Care Wires & Cables ESD Applications Inks Engineering Plastics Paints Adhesives Automobile Battery Plastics & Moulded Conveyor Belt Tubing Rubber Sheet Transmission Belt Seal & Gaskets Strong Grip 2-Wheeler Tyre Off-Road Tyre Fuel Efficiency Durability High Mileage Mobile Battery 4 Conductive Carbons Acetylene Black 48% 24% 11% 17%New Development High voltage power cables Li-ion batteries Semi conductor packaging EV charging Energy Storage Portable Battery Conductive Plastics Battery systems Conductive Polymers Dish Wash Surface Cleaner Cleansing Cooling Water Treatment Boiler Water TreatmentDesalination Industrial Water Treatment *Revenue share FY25
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Q2FY26 Key Highlights Despite challenging environment, PCBL reported a 5% QoQ growth in Carbon Black sales volume to 1,61,728 MT in Q2FY26 as compared to 1,54,093 MT during Q1FY26. In Q2FY26, Aquapharm Chemical reported revenue from operations of Rs. 395 Cr with EBITDA of Rs. 48 Cr. Sales volume stood at 25,194 MT during the quarter. 5 Specialty black line dedicated for Super-conductive grades of 1,000 MTPA in Palej, Gujarat is expected to start commercial production from November’25 Specialty Blacks 20,000 MTPA new line in advance stage- commissioning likely to be prepone to Mar 26. Co-gen Power Generation increased by 7% YoY to 223 MU during the quarter with external sales volume of 138 MU. PCBL Chemical Q2FY26 Investor Presentation Specialty Black sales volume increased 9% QoQ to 17,505 MT in Q2FY26 . Registered under I-REC platform, to receive International Renewable Energy Certificates for the clean energy generated across co-gen plants. 5 Consolidated revenue from operations for the quarter stood at Rs. 2,164 Cr . and Consolidated EBITDA at Rs. 278 Cr. PBT for the quarter stood at Rs. 78 Cr. Nanovace’s pilot plant project on track. Process patent for nano-silicon granted in US and patent expected from Japan, South Korea and Europe soon. Patent applied for Carbon silicon composites and Battery grade graphite from bio-sources. Brownfield expansion of 90 KTPA Rubber line in TN under commissioning stage- likely to be operational in Q3FY26. Working capital cycle improved by 12 days in H1 FY26, releasing around ₹240 crore of cash, and overall cash generation remains healthy, with a reduction in gross debt of over ₹300 crore since March 2025.
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6 Summary of Consolidated Performance for the Quarter ended Sept 30, 2025 PCBL Chemical Q2FY26 Investor Presentation 6 90,219 99,549 58,474 62,179 Q2FY25 Q2FY26Domestic Export 17,127 17,505 Q2FY25 Q2FY26 1,48,693 2,163 2,164 Q2FY25 Q2FY26 369 278 Q2FY25 Q2FY26 1,61,728
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7 Summary of Consolidated Performance for the Half Year ended Sept 30, 2025 PCBL Chemical Q2FY26 Investor Presentation 4,307 4,278 H1 FY25 H1 FY26 738 603 H1 FY25 H1 FY26 1,80,656 1,89,156 1,21,954 1,26,665 2,95 ,000 3,00 ,000 3,05 ,000 3,10 ,000 3,15 ,000 3,20 ,000 - 50,0 00 1,00 ,000 1,50 ,000 2,00 ,000 2,50 ,000 3,00 ,000 3,50 ,000 H1FY25 H1FY26 Domestic Export 32,797 33,570 11,0 00 16,0 00 21,0 00 26,0 00 31,0 00 36,0 00 H1 FY25 H1 FY26 3,02,610 3,15,821
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8 Operational Performance_ Rubber & Specialty Blacks Specialty Black sales volume increased by 2% YoY during the quarter In Q2FY26, Power generation increased by 7% YoY & sales volume by 9% YoY In Q2FY26, Carbon Black sales volume increased by 9 % YoY Net realization from Power sales stood at Rs. 3.8/kWh during the quarter PCBL Chemical Q2FY26 Investor Presentation 1,48,693 *MU- Million Units 8 1,70,328 1,85,032 99,485 97,219 32,797 33,570 H1FY25 H1FY26 Tyres Performance Specialty 3,02,610 3,15,821 Sales Volume (MT) (YTD)Sales Volume (MT) (Quarterly) 82,383 93,892 49,183 50,331 17,127 17,505 Q2FY25 Q2FY26 Tyres Performance Specialty 1,61,728 Power Generation & Sales (MU*) 402 438 242 270 H1FY25 H1FY26 Units Generated Units Sold
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9 Financial & Operational Performance _Aquapharm Chemical Home Care delivered a robust volume growth of 12% YoY & Water Solutions grew by 5% YoY Revenue up by 9% driven by increased sales to Contractual Customers Focus on expanding customer base across key regions to accelerate market reach PCBL Chemical Q2FY26 Investor Presentation 24,572 9 25,194 361 395 Q2 FY25 Q2 FY26 Revenue (Rs. Cr.) Increase in volume led by strong momentum in India & Saudi Arabia North America 51% Europe 20% India 16% RoW 13% Geography wise Revenue Q2FY26 (%) Rs.395 Cr 8,721 9,746 7,481 6,437 4,572 4,797 3,798 4,214 Q2FY25 Q2FY26 Sales Volume (MT) Home Care Oil & Gas Water Solutions Application Specific Solutions
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17-10-2025 Nanovace Significant Strides Across Multiple Strategic Fronts The Battery Show, Europe India Energy Storage Week (IESW) Patent Received • US patent secured for proprietary nanomaterial process, enhancingenergy storage IP . Patent expected from Japan, South Korea and Europe soon. • Patent applied for Carbon silicon composites and Battery grade graphite from bio-sources. Pilot Plant Launch • Pilot plant in Palej, Gujarat is on track Subsidiary in US • Incorporated a subsidiary, in USA to strengthen presence Team Expansion • Scaling up hiring in business development, application engineering, and product management 10PCBL Chemical Q2FY26 Investor Presentation
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Capacity Expansion Portfolio Diversification Operational Efficiencies R&D Focus Future Outlook Targeting 50% capacity addition over next 5 years across all product segments Expanding Specialty chemical portfolio towards high margin products by developing newer grades with varied applications in Specialty blacks including super- conductive grades and battery chemicals 11PCBL Chemical Q2FY26 Investor Presentation Focussed efforts on optimizing processes, managing costs, improving operations and strengthening overall competitiveness Innovating in rubber, specialty blacks, green chelates, polymers & battery materials while scaling renewable feedstocks and R&D Industry Outlook Recent GST rate cut in India is expected to support growth in the auto sector, with demand likely to rise and a noticeable shift toward premium products
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12 Consolidated Financial Performance Income Statement (In ₹ Cr) Q2 FY26 Q1 FY26 Q2 FY25 H1 FY26 H1 FY25 Revenue from Operations 2,164 2,114 2,163 4,278 4,307 Other Income 12 6 6 18 17 Revenue from operations 2,176 2,120 2,169 4,296 4,324 Cost of Materials (including change in inventory) 1,530 1,455 1,499 2,985 2,949 Employee Benefit Expense 124 109 98 233 198 Other Operating Expense 244 231 203 475 439 EBITDA 278 325 369 603 738 EBITDA % 13% 15% 17% 14% 17% Finance Cost 107 112 119 219 240 Depreciation and amortization expense 93 93 86 186 170 Profit Before Taxes 78 120 164 198 328 Taxes 16 26 41 42 87 Profit After Tax 62 94 123 156 241 Diluted EPS (₹ /Share) 1.6 2.5 3.3 4.1 6.4 PCBL Chemical Q2FY26 Investor Presentation 12
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13 Consolidated Balance Sheet and Cash Flow Statement Balance Sheet (In ₹ Cr) 30-Sep-25 31-Mar-25 Equity And Liabilities Equity Share Capital 38 38 Other Equity 3,847 3,671 Borrowings (Current & Non Current) 5,076 5,380 Deferred tax liabilities (Net) 278 289 Other Non - Current Liabilities 215 180 Trade Payables 1,672 1,595 Other Current liabilities 558 569 Total 11,684 11,722 Assets Fixed Assets (includes Right-of-use assets) 7,487 7,326 Investments (Current & Non Current) 515 516 Other Non Current Assets 259 155 Cash and Cash Equivalents 290 389 Inventories 1072 1,268 Trade Receivables 1,757 1,794 Other Current Assets 304 274 Total 11,684 11,722 Cash Flow Statement (In ₹ Cr) 30-Sep-25 31-Mar-25 Cash Flow from Operating Activities Profit Before Tax 198 577 Adjustment: Non-Cash and Other Income / (Expense) 427 769 Operating Cash before Working Capital 625 1,346 Add/Less: Working Capital Changes 244 (408) Less: Income Taxes Paid (30) (178) Net cash generated from Operating Activities (A) 839 760 Cash Flow from Investing Activities Capital Expenditure (Net) (428) (764) Proceeds from Current Investments 5 52 Other Investment Activities 1 22 Net cash generated from / (used in) Investing Activities (B) (422) (690) Cash Flow from Financing Activities Net Increase in Borrowings (318) 554 Proceeds from issue of share warrants - 112 Dividend Paid - (208) Net Interest Paid (176) (475) Payment of Lease Liabilities (24) (47) Net cash generated from / (used in) Financing Activities (C) (518) (64) Net (decrease) / increase in Cash and Cash Equivalents (101) 6 Opening Cash and Cash Equivalents 318 312 Closing Cash and Cash Equivalents 217 318 PCBL Q2FY26 Investor Presentation
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14 Statement in this “ Investor Update” describing the Company’s objectives, projections, estimates, expectations or predictions may be “ forward looking statements” within the meaning of applicable securities law and regulations. Actual results could differ materially from those expressed or implied. Important factors that could make a difference to the Company’s operations include demand supply conditions, finished goods prices, availability and prices of raw materials, changes in the government regulations, tax regimes, economic development within India and the countries within which the Company conducts business and other factors such as litigations and labour negotiations Cautionary Statement PCBL Chemical Limited Corporate Office: RPSG House, 4th Floor, 2/4 Judges Court Road, Kolkata – 700 027, West Bengal, India For any further information, please write to investor_relations@rpsg.in Company Details: PCBL Chemical Q2FY26 Investor Presentation 14