Investor Presentation

**1. Financial Highlights:** For Q1FY26, the company reported Total Income of ₹664.8 Cr, with EBITDA at ₹95.3 Cr (14.34% margin) and PAT at ₹57.5 Cr (8.65% margin). Annually in FY25, Net Sales grew to ₹2,405.0 Cr, and EBITDA to ₹320.7 Cr.

The balance sheet reflects a strong financial position, being debt-free with Cash & Cash Equivalents of ₹298.3 Cr in FY25. Profitability metrics are robust, with FY25 ROCE at 26.22% and ROE at 21.25%. **2. Strategic Initiatives & Growth Drivers:** The company is aggressively expanding its R&D footprint, establishing new Electronics (EMC) Laboratory, Innovation Centre, and Corporate Office in Gurugram, alongside recent design centers in Hosur, Pune, and Japan.

A key growth driver is the strong focus on the Electric Vehicle (EV) segment, where it holds a first-mover advantage with in-house R&D capabilities and rapid development cycles, partnering with major EV OEMs. **3. Business Developments:** Product portfolio diversification continues with LED luminaires for indoor/outdoor use and Integrated Passenger Information Systems (IPIS) for Railways and Buses, having secured RDSO approval.

The company is a key supplier for recent Harley-Davidson and Hero Motocorp launches in India, providing LED head, fog, and tail lamps.

Strategic technical collaborations further enhance product offerings. **4. Market Position & Competitive Advantage:** A leading manufacturer in automotive lighting and rear view mirrors, the company commands significant market share, especially in the two-wheeler segment.

It serves over 50 OEMs globally, with widespread exports.

Its competitive edge is reinforced by strategic manufacturing locations near OEMs for logistics efficiency and a government-approved, NABL-accredited in-house R&D center, enabling advanced design and quick time-to-market. **5. Investor Implications:** The consistent financial performance, debt-free balance sheet, and strategic investments in high-growth areas like EVs suggest positive growth potential.

Continued R&D and diversified offerings position the company for sustained market leadership and resilience.