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Investor Update Q3 FY26
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2 Part of RP-Sanjiv Goenka Group India’s first fully integrated utility company, serving 4.8 Mn Consumers across 7 locations. An entertainment Company with IP at its core having diverse portfolio of 175k+ songs, 70+ films, 10k+ hrs TV serials, 55+ web series, artist management & live events. India’s finest gourmet and multi-format organized retailer with varied assortments. Too Yumm, a flavorful & better-for-you snacking Innovating in the personal care category through new-age brands Naturali and Within Beauty. LSG is a premier IPL franchisee focused on nurturing the future of Indian cricket. Eastern India’s definitive destination for luxury, style, and curated lifestyle experiences. India’s largest producer of rubber & South India’s second largest cultivator of tea. Delivering sharp journalism, bold storytelling, and immersive experiences across print, digital, and video—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 global leader in BPS, transforming operations across industries through its UnBPO approach - delivering transformative, AI-powered solutions at speed and scale. A Global Specialty Chemical company and India’s Largest Carbon Black player. 100+ offices worldwide 2
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PCBL Chemical- A Global Specialty Chemical Player Capacity 850 KT (112 KT 5 Plants 110+ Grades (Tyre, Performance, Specialty) Rubber & Specialty Blacks Aims to achieve 1 million MTPA Carbon Black capacity by FY28 3 1st company globally developing all three advanced technologies- Super-Conductive Carbons, Nano-Silicon and Acetylene Black for applications in conductive solutions and next-gen batteries Battery Chemicals Expanding portfolio towards greener chemistries Specialty & Solutions India’s largest & amongst Top 3 Phosphonate Producers globally 6th Largest Carbon Black Producer globally Total Capacity 167 KT 4 Plants 275+ Grades (Home Care, Oil & Gas, Water Solution & Others) Revenue* EBITDA* *Consolidated nos 4th Largest Specialty Black Player globally 265+ 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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Q3FY26 Key Highlights Despite challenging environment, PCBL is running at high capacity utilization In Q3FY26, Aquapharm Chemical reported revenue from operations of Rs. 327 Cr with EBITDA of Rs. 35 Cr. Sales volume stood at 21,790 MT during the quarter 5 Trial runs commenced for Super-conductive grades of 1,000 MTPA in Palej, Gujarat Pre- commissioning activity for Specialty Black 20,000 MTPA new line has started Co-gen Power Generation increased by 28% YoY to 206 MU during the quarter with external sales volume of 125 MU PCBL Chemical Q3FY26 Investor Presentation Domestic CB sales volumes grew by 6% YoY driven by higher domestic consumption & rising exports of tyres Conversion of 1.6 cr warrants into equity shares totaling ₹448 crore (₹112 crores upfront and ₹336 crores in Q3 FY26) completed during the quarter, strengthening the capital base 5 Consolidated revenue from operations for the quarter stood at Rs. 1,846 Cr. and EBITDA at Rs. 231 Cr. Consolidated PBT for the quarter stood at Rs. 10 Cr. Nanovace’s pilot plant project of 80 tons will be live by the end of Mar’26 Brownfield expansion of 60 KTPA Rubber line in TN commissioned The total capacity stands at 850 KT Working capital cycle improved by 12 days in 9M FY26, releasing ~₹400 crore of cash, and overall cash generation remains healthy, with a reduction in net debt of ~₹400 crore since March 2025
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6 Summary of Consolidated Performance for the Quarter ended Dec 31, 2025 Revenues (Rs. Cr.) EBITDA (Rs. Cr.) CB Sales Volume (MT) PCBL Chemical Q3FY26 Investor Presentation Specialty Black Volumes (MT) 6 84,368 89,615 59,132 51,656 Q3FY25 Q3FY26Domestic Export 14,280 16,700 Q3FY25 Q3FY26 1,43,500 2,010 1,846 Q3FY25 Q3FY26 329 231 Q3FY25 Q3FY26 1,41,271
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7 Summary of Consolidated Performance for 9M ended Dec 31, 2025 Revenues (Rs. Cr.) EBITDA (Rs. Cr.) CB Sales Volume (MT) PCBL Chemical Q3FY26 Investor Presentation Specialty Black Volumes (MT) 2,65,025 2,78,772 1,81,085 1,78,320 4,40 ,000 4,42 ,000 4,44 ,000 4,46 ,000 4,48 ,000 4,50 ,000 4,52 ,000 4,54 ,000 4,56 ,000 4,58 ,000 - 50,0 00 1,00 ,000 1,50 ,000 2,00 ,000 2,50 ,000 3,00 ,000 3,50 ,000 4,00 ,000 4,50 ,000 5,00 ,000 9MFY25 9MFY26 Domestic Export 47,078 50,244 11,0 00 16,0 00 21,0 00 26,0 00 31,0 00 36,0 00 41,0 00 46,0 00 51,0 00 56,0 00 9M FY25 9M FY26 4,46,110 4,57,092 6,317 6,124 9MFY25 9MFY26 1,067 834 9MFY25 9MFY26
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8 Operational Performance_ Rubber & Specialty Blacks Specialty Black sales volume increased by 17% YoY during the quarter In Q3FY26, Carbon Black sales volume decreased by 2 % YoY Net realization from Power sales stood at Rs. 3.3/kWh during the quarter PCBL Chemical Q3FY26 Investor Presentation 1,43,500 *MU- Million Units 8 2,58,078 2,67,155 1,40,955 1,39,693 47,078 50,244 9M FY25 9M FY26 Tyres Performance Specialty 4,46,111 4,57,092 Sales Volume (MT) (YTD)Sales Volume (MT) (Quarterly) 87,750 81,219 41,470 43,352 14,280 16,700 Q3FY25 Q3FY26 Tyres Performance Specialty 1,41,271 Power Generation & Sales (MU*) 563 336 643 395 Units Generated Units Sold 9MFY25 9MFY26 Tyres segment sales volume increased by 4% YoY during 9MFY26 driven by robust demand
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9 Aquapharm Chemical_ Financial & Operational Performance Oil & Gas segment faced headwinds due to lower crude oil prices leading to softer end-customer demand Despite global challenging environment, Aquapharm delivered stable revenues Expanding customer base across key regions to accelerate market reach & increase wallet share in existing customers PCBL Chemical Q3FY26 Investor Presentation 22,875 9 21,790 Focused on cost optimization, enhancing supplier base, productivity improvement & operational efficiency North America 47% Europe 19% India 19% RoW 15% Geography wise Revenue Q3 FY26 (%) Rs.327 Cr 8,346 8,920 7,105 4,975 4,667 3,529 2,758 4,366 Q3 FY25 Q3 FY26 Sales Volume (MT) Home Care Oil & Gas Water Solutions Application Specific Solutions 327 327 0 50 100 150 200 250 300 350 Q3 FY25 Q3 FY26 Revenue & EBITDA (Rs Cr.) Revenue EBITDA 44 35
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03-02-2026 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 in Mar’26 • 80 tons pilot plant under construction at Palej, Gujarat 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 Q3FY26 Investor Presentation
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Tyre Industry Outlook – India’s tyre demand remains healthy, supported by steady domestic consumption & rising exports. Growth is aided by improved affordability following GST cuts, premiumization trends, increasing EV adoption, and upcoming tyre capacity investments Portfolio Enrichment - Expanding the portfolio, with a focus on higher value-added segments supported by stronger customer engagement and selective market expansion Cost Optimization- Embarked upon a major cost optimization drive in Carbon Black focusing on procurement optimization, yield and productivity improvement, further reduction in downtime and expanding our market reach (targeting cumulative cost savings of Rs. 200 Cr + over the next 2 years) Future Outlook 11 Capacity Utilization– Focus on improving sales volume in both domestic and international markets along with improvements in margin profile. Multiple trade deals signed : India-Europe FTA & India-US at lower tariffs would benefit in the coming quarters Feedstock diversification - Enhancing feedstock diversification through R&D-led initiatives to improve flexibility, reduce concentration risk, and strengthen cost resilience across market cycles Market Expansion & Reach Expanding customer base across key geographies through deeper penetration in existing markets and appointment of new distributors in select regions, supported by a technically strong sales organization
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12 Consolidated Financial Performance Income Statement (In ₹ Cr) Q3 FY26 Q2 FY26 Q3 FY25 9M FY26 9M FY25 Revenue from Operations 1,846 2,164 2,010 6,123 6,317 Other Income 16 12 11 34 27 Revenue from operations 1,862 2,176 2,021 6,157 6,344 Cost of Materials (including change in inventory) 1,285 1,530 1,385 4,268 4,333 Employee Benefit Expense 116 124 105 350 303 Other Operating Expense 230 244 202 705 641 EBITDA 231 278 329 834 1,067 EBITDA % 12% 13% 16% 14% 17% Finance Cost 106 107 118 326 358 Depreciation and amortization expense 94 93 87 279 257 PBT before exceptional items 31 78 124 229 452 Exceptional Items 21 - 1 21 1 PBT 10 78 123 208 451 Taxes 8 16 30 50 117 PAT 2 62 93 158 334 Diluted EPS (₹ /Share) 0.05 1.6 2.5 4.1 8.9 PCBL Chemical Q3FY26 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 Chemical Q3FY26 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 Thank You 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 Q3FY26 Investor Presentation 14