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1 Q3FY26 & 9MFY26 RESULTS PRESENTATION JANUARY 27, 2026
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01 05 04 03 02 2 Overview Consolidated Highlights Aerospace & Defence Business Precision Technology & Auto Components Business Management Team 3-7 8-12 13-20 21-29 30-35 Table of Contents
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3 OVERVIEW
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4 Group Overview Raymond Group B2C JDA’s Own Land (Thane) Aerospace & Defence Precision Technology and Auto Components B2B Branded Textiles Branded Apparel Garmenting High Value Cotton Shirting
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5 Journey so far Commenced Production for Files (name was Hindustan files limited till 2009) 1977 2012 New Plant setup in Vapi, Gujarat for Files 2025 New Plant Inaugurated at Sinnar, Maharashtra MPP Incorporated 1973 1984 1st in India to supply to Bosch, Germany 2005 MPPL forays into Aerospace Raymond Group acquired Ring Plus Aqua 2024 Raymond Group acquired 59.25% of MPP 2021 Change of name from JK files to JK files and Engg. JK Files & Engineering Ltd. Incorporated 1949 2025 Restructured into two subsidiaries:
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6 Global Presence USA JAPAN EUROPE INDIA Exports Percentage Industrial and Automotive - 62% Tools and Hardware - 43% Aerospace – 90% Warehouses EUROPE - 6 USA - 3 CANADA & MEXICO - 1 each 11 6 500+ Twenty Ft. container exported in FY25 Our Manufacturing locations17 CANADA MEXICO SOUTH AMERICA AFRICA AUSTRALIA Warehouse Tools & Hardware Aerospace Automotive
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7 Leveraging Combined Infrastructure 7 decades of Experience 500+ Twenty Ft. container export Annually More than 3/5th Revenue from Exports 17 Manufacturing Facilities across 4 locations 12 3PL Warehouses 100+ Customers 25+ Countries 1500+ Machines 4000+ SKU’s Manufactured yearly ₹ 2,100+ Cr Total Income for FY25 Operates across 8 different Industry Segments JK Maini Precision Technology Limited (JKMPTL) JK Maini Global Aerospace Limited (JKMGAL) Note: 3PL (Third Party Logistics)
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8 CONSOLIDATED HIGHLIGHTS
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9 Consolidated Performance Snapshot # Includes a one-time gain of ~ ₹13 cr. on account of sale of land in Q2FY26 ₹580 Cr. NET CASH SURPLUS RAYMOND LIMITED CONTINUES TO REMAIN NET CASH SURPLUS Q3 FY269M FY26 PBTEBITDATOTAL INCOME ₹1,699 Cr. YoY: 13% YoY: 18% ₹83 Cr. YoY: 27% ₹24 Cr. YoY: 102% ₹214 Cr. 14.3% 4.2% ₹250 Cr. YoY: 5% ₹74 Cr. YoY: -7% 14.7% 4.3% #
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10 Consolidated Performance Trends TOTAL INCOME (₹ Cr.) EBITDA & EBITDA Margin (₹ Cr.) * * Includes a one-time gain of ~ ₹13 cr. on account of sale of land in Q2FY26 493 564 580 1,504 1,699 Q3 FY25 Q2 FY26 Q3 FY26 9M FY25 9M FY26 Y-o-Y Growth 13% Y-o-Y Growth 18% 65 79 83 237 25013.3% 14.1% 14.3% 15.8% 14.7% 11. 5% 12. 0% 12. 5% 13. 0% 13. 5% 14. 0% 14. 5% 15. 0% 15. 5% 16. 0% 0 50 100 150 200 250 300 Q3 FY25 Q2 FY26 Q3 FY26 9M FY25 9M FY26 Y-o-Y Growth 27% Y-o-Y Growth 5%
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11 Profit & Loss Statement Consolidated Performance Note: 9MFY26 EBITDA includes a one-time gain of ~ ₹13 cr. on account of sale of land in Q2FY26 Particulars (₹ Cr.) Q3 FY26 Q2 FY26 Q3 FY25 YoY Change 9M FY26 9M FY25 YoY Change Revenue from operations 557 528 466 1,609 1,390 Other income 23 36 27 90 114 Total Income 580 564 493 18% 1,699 1,504 13% Expenses 497 484 427 1,450 1,267 EBITDA 83 79 65 27% 250 237 5% EBITDA Margin % 14.3% 14.1% 13.3% 14.7% 15.8% Depreciation 38 38 37 115 109 Interest Expense 21 22 16 61 48 PBT before exceptions 24 19 12 102% 74 80 (7%) PBT margin % 4.2% 3.4% 2.4% 4.3% 5.3% Exceptional Items 14 167 0 181 0 Taxes 3 (162) 1 -152 18 Associate / JV / Minority 0 0 7 2 35 Net Profit 7 14 4 78% 42 28 51% *
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12 Segmental Breakup Segmental Performance Note1: Precision Technology & Auto Componentsrepresents JK Maini Precision Technology Ltd. which includes T&H division, RPAL and Auto division of erstwhile Maini Precision. Note2: Aerospace & Defence represents JK Maini Global Aerospace Ltd. which includes Aerospace & Defence division of erstwhile Maini Precision. Note3: Others (includes unallocated expenses, elimination & other income) Note4: 9MFY26 EBITDA includes a one-time gain of ~ ₹13 cr. on account of sale of land in Q2FY26 Particulars (₹ Cr.) 9M FY26 9M FY25 YoY 9M FY26 9M FY25 YoY 9M FY26 9M FY25 Precision Technology & Auto Components 1,225 1,091 12% 156 113 38% 12.7% 10.4% Aerospace & Defense 273 204 34% 57 43 34% 20.9% 20.8% Others 201 208 (3%) 36 81 (55%) Total 1,699 1,504 13% 250 237 5% 14.7% 15.8% Particulars (₹ Cr.) Q3 FY26 Q3 FY25 YoY Q3 FY26 Q3 FY25 YoY Q3 FY26 Q3 FY25 Precision Technology & Auto Components 417 363 15% 57 38 51% 13.7% 10.4% Aerospace & Defense 105 70 49% 19 14 39% 18.6% 19.8% Others 58 59 (1%) 6 13 (52%) Total 580 493 18% 83 65 27% 14% 13% REVENUE EBITDA EBITDA % REVENUE EBITDA EBITDA % * * *
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13 AEROSPACE & DEFENCE BUSINESS
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14 Indian Aerospace Components Market all set to Take Off Factors Driving the Indian Aerospace Components Market Global Aircraft Sales on Rise (a) To reach $210 Bn by 2027 growing at a CAGR of 4.3%, with Asia Pacific dominating majority of the sales. Aircraft Engine & Other OEM Market (b) To grow at a CAGR of 9% and 6% respectively over next 5 years driven by growth in new aircraft demand and Engine Replacement Frequency. Global Aerospace Components Market (c) To reach $132 Bn at 10% CAGR propelled by OEM market expansion and aftermarket demand. Indian Component Manufacturers poised to capture 3.0% Global Market Share with 'China + 1' Strategy and 'Make in India for the World' Thrust. $1.5 Bn $4.0 Bn ~28% CAGR India’s Share in Global Aerospace Components Market Next 4 years Source: IBEF
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15 Dominating the Indian Aerospace Market As the leading exporter of highly critical Aero engine components Expertise in Precision Manufacturing for the Aerospace Sector 1,200+ Precision Aero Engine Parts Developed 350+ Parts of Latest LEAP Engines Variants 25+ Global Aero Components Manufacturing Clients 2 Decades Relationship with Top Aero OEMs and Tier 1 Suppliers Key Highlights Preferred Supplier to top 3 Global Aircraft Engine Manufacturers holding 88% market share.1 2 Supplies high precision, mission- critical components to Global OEMs and Tier 1 suppliers in Aerospace & Defense industry. 3 Senior Management with 30+ years of Industry Expertise.
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16 One-stop Solution for Aircraft Components Turbine Vanes Housing Assembly Fuel System Cylinder Fuel Control Assembly Body insert AssemblyStator Blade Lever Throttle TGB Mount Inlet Tie Rod Assembly Mount BracketGear Train support plate Manifolds Clevis Flange Tube Lighting System Housings Housing coverTIR Holder System Components – 6% Swinging Links Tank Drag Strut Assembly Hook Assembly PylonRings Structure Components – 16% Complex Engine Parts (75%+) Systems Parts (5%+) Aero Engine is our Biggest Revenue generator with more than 3/4th of the revenue from this segment Swinging Links Tank Drag Strut Assembly PylonRings Structural Parts (15%+)
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17 Engineering Prowess 20 State-of-the-Art Machines: Exclusively dedicated to New Product Development (NPD), enabling complex machining and precision engineering for high-quality components. 57 Dedicated NPD Engineers: A specialized team exclusively focused on New Product Development (NPD), driving innovation, precision, and technical excellence from design to manufacturing. From Design to Build: Our team of seasoned professionals is committed at every stage of the product lifecycle, ensuring seamless integration of design and manufacturing processes. Round-the-Clock Operations: Operating 24/6 to deliver exceptional turnaround times, supporting the ever-evolving demands of aerospace innovation.
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18 Complex Engine Parts – Nozzle Guide Vanes Vacuum Brazing EDM 5 Axis Grinding TIG Welding • Leap 1A • Low Pressure Turbine – Stage 6 & Stage 7 • Dedicated facility to make 8000 units per year • Material: Rene 77 • Honeycomb & Sheetmetal Assembly through welding & brazing
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19 Raw Material Portfolio 110 Varieties of Raw Materials 500 Tonnes of Annual Consumption Round Bar Profile SectionsTubes Plates Castings Forgings Tubes 44% 30% 15% 9% 1% 1% 0% 0% Weight - wise Steel Inconel Aluminium Titanium Casting Cobalt Al_Ni_Bronze Titanium Forging 51% 21% 13% 6% 4%3% 1% 1% Value - wise Inconel Steel Titanium Aluminium Casting Cobalt Titanium Forging Al_Ni_Bronze
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20 Segmental Financials 1. The Segment Witnessed a robust revenue growth of 49% in Q3F26 vs PY . This growth was fueled by: o Production ramp ups at key aerospace OEMs and Tier-1 customers o Incremental Revenue from newly developed and approved parts that entered production this year, strengthening the overall topline 2. EBITDA Margin moderation reflects the impact of accelerated ramp up initiatives alongside increased sales which are expected to be gradually offset by operating leverage Note1 : Aerospace & Defence represents JK Maini Global Aerospace Ltd. which includes Aero division of erstwhile Maini Precision. Domestic, 17% Europe, 60% US, 21% Asia, 1% Latam, 1% International, 83% Geography wise Revenue Split Aerospace & Defence Q3 FY26 Q3 FY25 YoY 9M FY26 9M FY25 YoY Revenue 105 70 49% 273 204 34% EBITDA 19 14 39% 57 43 34% EBITDA Margin 18.6% 19.8% 20.9% 20.8%
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21 PRECISION TECHNOLOGY & AUTO COMPONENTS BUSINESS
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22 India’s Engineering Industry Overview Factors Driving the Indian Engineering Consumables Market Engineering Sales on Rise (a) India exports over $20 Bn of auto components annually, with a balanced trade ratio and growing demand from Europe and Southeast Asia. OEM Market (b) To grow at a CAGR of ~4.7% over the next 5 years driven by EV adoption, connected vehicle technologies, and smart manufacturing advancements. Global Engineering Consumables Market (c) India’s Automotive Industry is valued at~$222 Bn and contributes 8% of total exports and 7.1% to GDP. It is set to become the 3rd largest Automotive Market globally by 2030. Source: IBEF
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23 Market Leadership in Engineering Consumables: India & Beyond As one of India’s leading suppliers of high-end precision components Expertise in Precision Technology and Auto Components Manufacturing 2,000+ Auto Components Manufactured 18+ Global Customer Locations 7 Decades Trusted Tier-1 supplier with established relationships across domestic and global OEMs Key Highlights Preferred supplier to leading domestic and global auto manufacturers 1 2 Provides high precision, mission-critical components to leading domestic and global OEMs and Tier 1 suppliers in the automotive industry. 3 Senior Management team with 30+ years of Industry expertise 100+ Large Customers across the Globe
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24 Steel Files Ring Gears Flex Plates Water Pump Bearings Drills Hand Tools Input Shaft (EV) Oil Sleeve (EV) Park Pawl (EV) Market Leader across Product Segments STEEL FILES #1 in India with 60%+ Market Share STEEL FILES #1 in Global Installed Capacity with ~25% Market Share #1 in India with Market Share: ~55% in PV ~45% in CV RING GEARS Sole Domestic Manufacturer with ~25% Market Share in India FLEX PLATES ➢ Catering across sectors including - Agriculture, Industrial, Automotive, Construction, Engineering, Home Improvement DIY, and Real Estate ➢ Domestic Presence: Pan India ~1.5 lac POS across 600 towns & cities in B2C and caters to OEMS & Tier 1 suppliers in auto sector ➢ International Presence : Caters to leading global players across geographies to 65+ countries ➢ USP: Manufacturing excellence, established customer relationship, strong brand recall, and product development capabilities
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25 Further Expanding Capabilities and Product Lines Clean Powertrain: Delivering high- precision components for clean powertrain which comply to latest regulatory (EURO VI & BS VI) norms on emission and enhancing fuel efficiency in automotive applications EV & Hybrid: Developing advanced and complex precision components for electric and hybrid vehicles Hydraulics: Manufacturing precision components for critical hydraulic assemblies and systems for industrial machinery, ensuring optimal fluid power control and precision. Industrials: Providing durable precision parts for industrial equipment, supporting diverse sectors like construction, manufacturing, heavy machinery, etc. Agriculture: Engineering robust mechanical components tailored for agricultural vehicles and machinery Locomotive: Supplying high-strength complex components for locomotive systems Marine: Producing corrosion-resistant parts for marine applications, focusing on high-tolerance components for engines and propulsion systems Automotive: Supporting established automotive platforms with precision- engineered components, maintaining consistency in quality and performance Power Tools: Manufacturing critical engine components for power tool industry
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26 1. GDI Pump body 350 Bar (Machined Forging) 2. GDI Pump body 600 Bar (Machined Forging) 3. GDI Pump body 350 Bar 4. GDI Pump body 200 Bar 5. Mechanical Dump Valve (Assembly) 6. Medium Duty Plunger injector (Heat Treated) 7. Heavy Duty Plunger injector (Heat Treated) 8. Medium Duty Seat retainer 9. Heavy Duty Seat retainer 1. Oil sleeve 2. Support bracket 3. BLDC Upper hub cover 4. BLDC Lower hub cover 5. Sand cover 6. Clutch flange 7. Transmission 8. Park pawl 9. Input shaft 10. Lever arm 1. Cradle 2. Bearing journal 3. ELSD housing & Plate 4. Brake plate 5. Wheel fork 6. Pressure plate (Variant 1) 7. Pressure plate (Variant 2) 8. Bearing housing (Variant 1) 9. Bearing housing (Variant 2) Engineering - Product Portfolio Clean Powertrain Electric and Hybrid Hydraulics and Industrial
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27 Segmental Financials 1. The Segment Witnessed a growth of 15% in Q3F26 vs PY: This growth was fueled by: o Auto Components: Strong demand of hybrid products in Europe o Tools & Hardware: Robust domestic demand, partially offset by weaker demand in the export markets 2. EBITDA Margin improved due to higher sales, change in product mix and operating leverage 3. Furthermore, the 9MFY26 EBITDA includes a one-time gain of ~ ₹13 cr. on account of sale of land in Q2FY26 Note1 : Aerospace & Defence represents JK Maini Global Aerospace Ltd. which includes Aero division of erstwhile Maini Precision. Domestic, 40% Europe, 35% US, 10% Asia, 6% Africa, 5% Mexico, 3% Latam, 1% International, 60% Geography-wise Revenue Split Precision Technology & Auto Components Q3 FY26 Q3 FY25 YoY 9M FY26 9M FY25 YoY Revenue 417 363 15% 1,225 1,091 12% EBITDA 57 38 51% 156 113 38% EBITDA Margin 13.7% 10.4% 12.7% 10.4%
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28 Current Status of Operations & Outlook ➢ A leading Auto Tier-1 awarded JKMPTL with the Long Standing Collaboration Excellence award, recognizing sustained partnership and delivery performance ➢ A new distribution channel has been established in Southeast Asia for the Tools & Hardware business, expanding export reach and market access. ➢ JKMPTL continues to gain steady momentum, supported by China+1 sourcing tailwinds, deeper engineering integration with customers, and rising demand across EV, hybrid, and motion control segments in both global and domestic markets. ➢ Escalating U.S. tariffs present emerging challenges, requiring ongoing pricing and supply-chain optimization. ➢ JKMGAL was recognized by a leading global engine manufacturer with the Best Kaizen award during the quarter. ➢ The company also received appreciation from a leading engine OEM for the successful transition and accelerated ramp-up of a new product. ➢ New contract wins, RFQs, and FAIR approvals continued to progress with both new and existing customers which reflects in revenue growth ➢ Participation at the Dubai Airshow 2025 enabled exploration of new opportunities and facilitated meaningful interactions with customers in the Middle East. ➢ The quarter witnessed increased capacity utilization, with the aerospace business achieving its highest-ever production levels. JK Maini Precision Technology Limited (JKMPTL) JK Maini Global Aerospace Limited (JKMGAL) Raymond Limited to Remain Net Cash Surplus
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29 Sustainability Compressedairsystem auditand reductionin leakagesandopen usage Air Compressor Oilrecyclingonmachines using neatoil Oil Recycling Emissionreductionby usingsolar power.Maini used11.5Mn units from solarpowerlastyear Solar Power Paperlessfactoryby introducing IOT(internet ofthings) Paperless Factory Optimizingthe transportationby groupingtheproducts andpeople Transportation Sensorinstallationin meetingroomand office area AutoLighting Thisaudithelpsto identifytheopportunities wherethereis aneedto improveenergy efficiency Energy Audit& Conservation Reusablewooden/ Plasticpalletsand minimizingcorrugated boxes Packing SewageTreatmentPlant management STP Compactedmetalscrap recycling withfoundries andmills MetalRecycle Hazardouswaste disposal through e-waste portal E-waste Replaceincandescent light bulbswithLED ones Lighting
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30 MANAGEMENT TEAM
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31 Q3FY26 & 9MFY26 Performance “Despite a tightening competitive landscape, our core businesses in Aerospace, Defence, and Precision Technology achieved record sales performance this period. We remain committed to our strategic roadmap, prioritizing high-value expansion in sectors with significant barriers to entry. With both subsidiaries operating at strong performance, our focus now shifts to scaling these operations to capture emerging global demand and enhance shareholder returns.” GAUTAM HARI SINGHANIA Chairman &ManagingDirector
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32 Management Team S.L. POKHARNA President - Corporate Commercial Raymond Ltd. RAKESH TIWARY Group CFO Ex - Adani Group, JSW Steel, Reliance & Indian Oil K.A. NARAYAN President - HR Ex - Wokhardt JATIN KHANNA Head - Corporate Development Ex - Max Financial Services GAUTAM MAINI MD - Engineering Business NAVIN SHARMA CFO - Engineering Business
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33 GAUTAM HARI SINGHANIA Chairman &Managing Director Board Members DINESH KUMAR LAL Independent Director NARASIMHA MURTHY KUMMAMURI Independent Director ASHISH KIRAN KAPADIA Independent Director RASHMI BRIJGOPAL MUNDADA Independent Director HARMOHAN SAHNI Non-Executive Director TIKKA SINGH Additional Director (Independent) AJOY MEHTA Additional Director (Independent)
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34 Disclaimer The particulars of this presentation contain statements related but not limited to revenues, financial results and supplemental financial information which has been compiled by the management, not to be construed as being provided under any legal or regulatory requirement and are not intended to invite any investment in the Company. The information contained in this presentation has not been subjected to review by Auditors or the Board of Directors of the Company. Commentary in the presentation describes the reporting quarter’s performance versus the same quarter of the corresponding previous year, unless specified otherwise. The figures for the previous periods in this presentation have been regrouped/ reclassified, wherever necessary. The Company assumes no responsibility and does not provide any warranty to the accuracy or comprehensivenessof the information contained in this presentation. This presentation is not intended to be a “prospectus” (as defined under the Companies Act, 2013), SEBI Regulations and relevant provisions of applicable laws. This presentation is for information purposes only and does not constitute or form part of, and should not be considered as any offer for sale or subscription of or solicitation or invitation of any offer to buy or subscription of securities in any manner. No part of this presentation and the information contained herein should form the basis of, or be relied upon, in connectionwith any investment decision or any contract or commitment to purchase or subscribe for any securities. Statements in this presentation describing the Company’s objectives, projections, estimates, expectations or predictions may constitute “forward looking statements”. Such statements are based on the current expectations and certain assumptions of the Company's Management, and are, therefore, subject to risks and uncertainties. Actual results may differ materially from those expressed or implied. The Company neither intends, nor assumes any obligation to amend, modify, revise or update these forward looking statements, on the basis of any subsequent developmentswhich differ from those anticipated.
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C o n t a c t U s : R L . I R @ R a y m o n d . i n Thank You 35