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Q2 & H1 FY27 RESULTS PRESENTATION October 27, 2026
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Table of Contents 01 Overview 3-8 02 Consolidated Highlights 9-15 03 Aerospace & Defence Business 16-22 04 Precision Technology & Auto Components Business 23-29 05 Management Team 30-32
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Section 01 Overview Strategic Positioning & Executive Summary
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DEMERGED & LISTED Raymond Lifestyle Limited Listed Sep 05, 2024 ● Branded Textiles & Apparel ● Global Garmenting B2B ● Independent Capital Structure DEMERGED & LISTED Raymond Realty Limited Listed Jul 01, 2025 ● Thane Land Bank Development ● MMR Asset-Light JDA Model ● Top-5 Developer in MMR CORE RETAINED ENTITY Raymond Limited 100% Pure-Play Aerospace, Precision Technology & Auto Components - Net Cash Surplus ₹68 Cr (FY26) ● JK Maini Global Aerospace: ● Revenue ₹ 392 Cr. ● EBITDA ₹ 88 Cr. ● EBITDA Margin 22.3% ● JK Maini Precision Technology: ● Revenue ₹ 1,667 Cr. ● EBITDA ₹ 223 Cr. ● EBITDA Margin 13.4% Raymond Group: Unlocking Value Strategic Distraction-Free Allocation Zero Non-Core asset distraction. Capital management bandwidth and cash flows are now 100% dedicated to precision engineering com pounding. Strategic Corporate Restructuring Complete — 100% Focus on High-Barrier Aerospace & Precision Technology 4Note: *EBITDA (FY26) includes a one-time gain of ~₹13 Cr. on account of sale of land *
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5 Building a Global Precision Engineering Platform 01 • PLATFORM Diversified Engineering ● Precision Tech & Auto Components ● Aerospace & Defence | Tools & Hardware ● Presence across automotive, aerospace, and industrial applications 03 CAPABILITIES Deep Product Portfolio ● 8,000+ SKUs in Precision Tech & Auto ● 1,300+ precision aero-engine parts developed ● 350+ parts engineered for advanced LEAP engines 04 REACH Global Customer Access ● Active footprint across 90+ countries ● 100+ large global customers | 25+ aerospace clients ● 20+ year relationships with Tier-1 aerospace OEMs 05 FORECAST Revenue Visibility ● Long-cycle programs with minimal customer churn ● Robust pipeline of RFQs and active engagements 06 PERFORMANCE Financial & Strategic Discipline ● ₹2,312 Cr total income | ₹335 Cr EBITDA (FY26) ● ₹68 Cr net cash surplus (FY26) ● ~₹1,000 Cr committed capacity investment 01 PLATFORM Diversified Engineering ● Precision Technology & Auto Components ● Aerospace & Defence ● Presence across aerospace, automotive, tools & hardware, defence, industrial applications and after market 02 INFRASTRUCTURE Global Manufacturing Scale ● 17 state-of-the-art manufacturing facilities ● 2,000+ advanced machines | 5,200+ workforce ● Fully integrated production capabilities across India Note: *EBITDA (FY26) includes a one-time gain of ~₹13 Cr. on account of sale of land *
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6 Global Execution Footprint 90+ EXPORT COUNTRIES Higher Export resilience across US & EU 600+ CONTAINERS / YEAR 20 ft containers exported annually 17 GLOBAL WAREHOUSES 9 USA, 6 Europe, 1 UK & 1 Mexico 17 MANUFACTURING FACILITIES Across Karnataka, Andhra Pradesh, Maharashtra & Gujarat Warehouse Tools & Hardware Aerospace Automotive >65% TOTAL EXPORTS • Auto Components & Precision Tech >60% • Tools & Hardware > 40% • Aerospace > 80% Integrated Global Supply Route Logistics Automotive supply chains are safeguarded against disruptions through near-plant 3PL warehousing hubs in the UK, Europe, and North America, which facilitate just-in-time delivery directly to Tier-1 assembly lines. In parallel, all aerospace shipments are transported exclusively by air.
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7 Strategic Expansion & Market Diversification GREENFIELD EXPANSION BROWNFIELD PROGRESS (AP) B2C BRAND LEVERAGE Andhra Pradesh Greenfield Facility State-of-the-art facility progressing strictly on schedule to scale national production capabilities. Timeline & Readiness Commercial production remains firmly on track for late 2027 (Calendar Year), raising higher benchmarks in advanced technical precision. Governance & Leadership Upgraded leadership framework and talent architecture driving stakeholder value creation. Andhra Pradesh Brownfield Facility 30+ machines commissioned; trial runs in progress with target start by Q3 FY27. Workforce & Automation Established an interim brownfield facility to accelerate capacity augmentation and serve as a training ground for the Aerospace and Precision Technology segments. 70-Year JK Files Legacy Leveraging 7+ decades of brand equity and customer relationships to expand into adjacent product categories and new distribution channels. Automotive Aftermarket Penetrating the aftermarket sector via cross-channel networks and established distribution reach. Capital-Efficient Model Built on manufacturing synergies, optimized overheads, and diversified cash flow generation.
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8 Macro Outlook MACROECONOMIC & INDUSTRIAL MOMENTUM Q2 FY27 GDP (Est) ~7.3% Q2FY26 8.2%, decline of ~1.0% IIP GROWTH 8.0% YoY expansion (up from 4.9%) COMPOSITE PMI 56.5 Mfg 55.7 | Services 55.8 Economic Expansion & Industrial Growth Defying deceleration forecasts, India's real GDP expansion was driven by resilient domestic consumption and front-loaded capital expenditure. Manufacturing output serves as a key engine, expanding by 9.0% YoY across 18 of 23 tracked industrial sectors. Private Sector & Output Momentum Private sector activity remains firmly expansionary, marked by steady factory output and export order gains. Robust domestic demand continues to cushion business activity against broader global economic deceleration risks. OPERATIONAL HEADWINDS & MARGIN PRESSURES TRANSPORT INFLATION 4.6% Driven by freight & crude costs RETAIL INFLATION (Aug) 4.82% Up from 4.45% (Jul) & 4.38% (Jun) Cost Pressures & Supply Chain Risks Heightened security risks and shipping disruptions along Middle East routes sustain elevated maritime freight rates and insurance surcharges. Volatile Brent Crude benchmarks expand the merchandise import bill, directly squeezing manufacturing input margins. INFLATIONARY TRENDS & MONETARY POLICY Headline retail inflation remains above the RBI's 4.0% medium-term target, predominantly driven by elevated food and beverage inflation at 5.95%. Strategic input management is essential to buffer operational margins against persistent cost-push headwinds. GDP - Gross Domestic Product; IIP - Index of Industrial Production; PMI – Purchasing Managers’ Index
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Section 02 Consolidated Highlights Financial Performance
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10 Performance Snapshot ₹ 683 Cr. YoY: 21% ₹ 103 Cr. 15.1% YoY: 30% ₹ 42 Cr. 6.1% YoY: 117% ₹ 77 Cr. ₹ 139 Cr. YoY: 72% ₹ 29 Cr. 21% YoY: 72% ₹ 471 Cr. YoY: 15% ₹ 61 Cr. 13% YoY: 8% qQ2 FY27 Consolidated Performance qQ2 FY27 Segmental Performance
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11 Performance Snapshot ₹ 1,311 Cr. YoY: 17% ₹ 203 Cr. 15.5% YoY: 22% ₹ 84 Cr. 6.4% YoY: 69% ₹ 77 Cr. ₹ 262 Cr. YoY: 56% ₹ 55 Cr. 21.1% YoY: 46% ₹ 915 Cr. YoY: 13% ₹ 122 Cr. 13.4% YoY: 24% qH1 FY27 Consolidated Performance qH1 FY27 Segmental Performance
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12 Consolidated Performance Trends TOTAL INCOME (₹ Cr.) Y-o-Y Growth 21% Y-o-Y Growth 30% EBITDA & EBITDA Margin (₹ Cr.) Q2 FY27 Q1 FY27 Q2 FY26 683 628 564 Q2 FY27 Q1 FY27 Q2 FY26 103 100 79 Q2 FY27 14.1% 15.9% 15.1% Note: *EBITDA of Q2 FY26 includes a one-time gain of ~₹13 Cr. on account of sale of land *
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13 Consolidated Performance Trends TOTAL INCOME (₹ Cr.) EBITDA & EBITDA Margin (₹ Cr.) H1 FY27 H1 FY27H1 FY26 1,3111,119 Y-o-Y Growth 17% H1 FY27H1 FY26 203167 Y-o-Y Growth 22% 14.9% 15.5% Note: *EBITDA of H1 FY26 includes a one-time gain of ~₹13 Cr. on account of sale of land *
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14 Profit & Loss Statement Consolidated Performance Particulars (₹ Cr.) Q2 FY27 Q1 FY27 Q2 FY26 YoY Change H1 FY27 H1 FY26 YoY Change Revenue from operations 655 606 528 1,261 1,052 Other income 28 22 36 51 67 Total Income 683 628 564 21% 1,311 1,119 17% Expenses 580 528 484 1,108 952 EBITDA 103 100 79 30% 203 167 22% EBITDA Margin % 15.1% 15.9% 14.1% 15.5% 14.9% Depreciation 40 38 38 78 77 Interest Expense 22 20 22 42 40 PBT before exceptions 42 42 19 117% 84 50 69% PBT margin % 6.1% 6.6% 3.4% 6.4% 4.4% Exceptional Items 0 0 167 0 (167) Taxes (11) (10) (162) (21) 155 Associate / JV / Minority 1 (0) 0 0 (2) Net Profit 32 31 14 131% 63 35 82% Note: *EBITDA of Q2 & H1 FY26 includes a one-time gain of ~₹13 Cr. on account of sale of land * *
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15 Segmental Breakup Q2 FY27 Segmental Performance Note1: Precision Technology & Auto Components represents 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: *EBITDA of Q2 & H1 FY26 includes a one-time gain of ~₹13 Cr. on account of sale of land * Particulars (₹ Cr.) Q2 FY27 Q2 FY26 YoY Q2 FY27 Q2 FY26 YoY Q2 FY27 Q2 FY26 Precision Technology & Auto Components 471 409 15% 61 57 8% 13.0% 13.9% Aerospace & Defense 139 81 72% 29 17 72% 21.0% 21.0% Others 73 73 (0%) 13 5 141% Total 683 564 21% 103 79 30% 15.1% 14.1% REVENUE EBITDA EBITDA % Particulars (₹ Cr.) H1 FY27 H1 FY26 YoY H1 FY27 H1 FY26 YoY H1 FY27 H1 FY26 Precision Technology & Auto Components 915 808 13% 122 99 24% 13.4% 12.3% Aerospace & Defense 262 168 56% 55 38 46% 21.1% 22.4% Others 135 143 (6%) 25 30 (15%) Total 1,311 1,119 17% 203 167 22% 15.5% 14.9% REVENUE EBITDA EBITDA % H1 FY27 Segmental Performance * *
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Section 03 Aerospace & Defence Business Segment Performance
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17 Aerospace Macro Tailwinds
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18 Dominating the Indian Aerospace Market As the leading exporter of highly critical Aero engine components Expertise in Precision Manufacturing for the Aerospace Sector 1,300+ 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 Mission Critical Supply High precision components to Global OEMs and Tier 1 suppliers in Aerospace & Defense industry. 3 Experienced Leadership Senior Management with 30+ years of Industry Expertise. Certifications
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19 Segment Financials Aerospace & Defence Q2 FY27 Q2 FY26 YoY H1 FY27 H1 FY26 YoY Revenue 139 81 72% 262 168 56% EBITDA 29 17 72% 55 38 46% EBITDA Margin 21.0% 21.0% 21.1% 22.4% Geography-wise Revenue Split Note: Aerospace & Defence represents JK Maini Global Aerospace Ltd. which includes Aero division of erstwhile Maini Precision. *EBITDA margin absorbs accelerated capacity scaling costs & 100% full R&D write offs for new SKUs * Domestic 24% Europe, 53% US, 23% Asia, 1% International, 76% At the Core of Global Commercial Aviation Operating through JK Maini Global Aerospace Ltd., we manufacture high- complexity, mission-critical components operating inside extreme thermal and pressure environments. Operational Highlights: • Revenue Growth Q2 FY27 achieved an all-time high revenue of ₹ 139 Cr, representing a robust 72% YoY growth, largely driven by strong market demand and scaled execution. H1 FY27 revenue surged to ₹ 262 Cr marking a strong 56% YoY growth, driven by aggressive production scaling and disciplined operational execution. • Resilient Margins Q2 & H1 FY27 maintained resilient margins despite significant headwinds from commodity price inflation, rising logistics costs, higher material consumption, ramp-up rejections, and R&D expenses. Operating leverage and operational efficiencies helped mitigate these pressures and sustain margins. • Strong RFQ activity Despite persistent supply chain and raw material headwinds, our expanded manufacturing capacity positions us for seamless execution against a growing multi-year order book. (₹ Cr.)
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Mission Critical Portfolio Structure Components – 16% 20
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Evolving Up the Value Chain 21
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49% 20% 11% 8% 12% Inconel Steel Titanium Aluminium Others 13% 43% 44% Simple Medium Complexity High Complexity 22 Manufacturing Excellence - Complexity, Core Processes & Raw Material Part Complexity & Core Processes Key Manufacturing Processes Vacuum Brazing EDM 5 Axis Grinding TIG Welding Program Specifications ● Leap 1A Program ● Low Pressure Turbine – Stage 6 & Stage 7 components ● Dedicated facility scaling from 8,000 to 16,000 units per year ● High-performance Material: Rene 77 ● Honeycomb & Sheetmetal Assembly via advanced welding & brazing Nozzle Guide Vanes Raw Materials Overview 525 Tonnes Annual Consumption (Value Wise) 110 Varieties of Materials Round Bar Tubes Castings Profile Sections Plates Forgings Note: Raw Material localisation in Progress.
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Section 04 Precision Technology & Auto Components Business Segment Performance
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India’s Engineering Industry Overview 24
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25 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 1,600+ 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 Mission Critical Supply Provides high precision components to leading domestic and global OEMs and Tier 1 suppliers in the automotive industry 3 Experienced Leadership Senior Management team with 30+ years of Industry expertise 100+ Large Customers across the Globe Certifications
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Segment Financials 26 Domestic, 41% Europe, 32% US, 15% Asia, 8% Africa, 3% International, 59% Global Leadership in Motion Control & Consumables Operating under JK Maini Precision Technology Ltd., this division combines market-dominant engineering consumables with powertrain-neutral automotive drivetrain components. Operational Highlights: • Revenue Growth The segment witnessed a strong revenue growth of 15% in Q2 FY27 vs PY . This was primarily driven by steady business momentum across precision technology, domestic market traction, and sustained export demand. For H1 FY27, the segment recorded a healthy revenue growth of 13% vs PY . This was driven by sustained export ramp-up, capacity utilization, and expanding customer wallet share. • EBITDA Margins EBITDA for Q2 FY27 stood at ₹61 Cr. with margins at 13%, supported by volume ramp-up and targeted cost optimization initiatives. For H1 FY27, EBITDA stood ₹122 Cr. with margins expanded to 13.4%, driven by volume growth, an improved product mix, enhanced operating leverage, and disciplined cost reduction initiatives. Note: Precision Technology & Auto componentsrepresents JK Maini Precision Technology Ltd. which includes Auto Components and Tools and Hardware Business . *EBITDA of Q2 & H1 FY26 includes a one-time gain of ~₹13 Cr. on account of sale of land. Geography-wise Revenue Split Precision Technology & Auto Components Q2 FY27 Q2 FY26 YoY H1 FY27 H1 FY26 YoY Revenue 471 409 15% 915 808 13% EBITDA 61 57 8% 122 99 24% EBITDA Margin 13.0% 13.9% 13.4% 12.3% (₹ Cr.) 26 * *
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17 3PL Warehouses Globally 65+ Export Countries Files Drills HTPTA PTM Total 6,800+ SKUs Precision Technology & Auto Components Auto Components Tools & Hardware Market Share PV | ~55% India | ~25% Ring Gears #1 in India Flex Plates 3 Manufacturing Facilities 560+ Machines 1,300+ Workforce Offering Widest Range of Products 12 Manufacturing Facilities 1,250+ Machines 3,900+ Workforce Clean Powertrain Electric and Hybrid Hydraulics and Industrial Steel Files #1 in India Facilities and Reach Cutting Tools Hand Tools Power Tools Upcoming New Facility in Gudipalli, Andhra Pradesh with a CAPEX of ₹430 Cr over 5 years 900+ Active Dealers 120 K Retail Touchpoints 90+ Export Countries India | ~65% Global | ~25% Market ShareMarket Share CV | ~45% Market Share ICE EV Hybrid Others Total 1,600+ SKUs 27
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28 Current Status of Operations & Outlook Raymond Limited to Remain Net Cash Surplus JK Maini Global Aerospace Limited (JKMGAL) ● JKMGAL recorded the highest-ever quarterly revenue in Q2 FY27 and strong H1 FY27 performance, demonstrating the team’s strong execution, operational resilience, and continued business growth. ● Expansion of the Andhra facility (near Bangalore Airport) is progressing well, remaining on track to begin commercial production in late 2027. ● Successfully achieved formal audit approvals from a key Indian defense and aerospace OEM during H1 FY27, validating facility standards, process compliance, and quality management systems. ● Reached critical manufacturing milestones on a flagship aircraft localization program, securing 135 total part awards—with 100 parts in active serial production and 35 parts advancing through final First Article Inspection (FAI). JK Maini Precision Technology Limited (JKMPTL) ● JKMPTL achieved record-high quarterly revenue in Q2 FY27 and healthy H1 FY27 growth, driven by strong export demand, domestic momentum, an improved product mix, and disciplined cost initiatives. ● Successfully commenced mass production of precision components for a leading defence OEM. ● Expansion in Andhra Pradesh (Near Bangalore Airport) is progressing well and remains on track to begin commercial production in late 2027. Additionally, a dedicated training and production facility is being established ahead of schedule in AP to ensure operational readiness, optimize processes pre-launch, and enable a rapid post-launch scale-up. ● Leveraging our existing OEM-grade production base and contract manufacturing capabilities, the automotive aftermarket business rollout, anchored by the strategic entry into water pump assemblies. ● Honored with a Supplier Excellence Award by a leading Global Engine Manufacturer.
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29 Sustainability
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Section 05 Management Team
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Management Team RAKESH TIWARY Group CFO GAUTAM MAINI MD – JKMGAL & VC - JKMPTL SANJEEV SHARMA Joint MD & CEO - JKMPTL BHANU SRIVASTAVA CEO - Defence Business K.A. NARAYAN President - HR NAVIN SHARMA CFO - Engineering Business JATIN KHANNA Chief Strategy & Growth Officer - Engineering & Defence
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33 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 comprehensiveness of 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 connection with 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 developments which differ from those anticipated.