Investor Presentation

LIL/2026-27/17 Dated: 04.11.2026 The Secretary The Manager BSE Limited National Stock Exchange of India Limited New Trading Wing Exchange Plaza, C-1, Block “G” Rotunda Building 5th floor, Bandra Kurla Complex PJ Tower, Dalal Street Bandra East Mumbai- 400001 Mumbai- 400051 Scrip Code: 544894 SYMBOL: LUMINO Sub: Investor Presentation for the quarter and half year ended 30th September, 2026 Dear Sir/ Madam, Pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find enclosed the Investor Presentation on the performance of the Company for the quarter and half year ended September 30, 2026. The same will also be hosted on the website of the Company at https://www.luminoindustries.com/. We request you to take the above on record. Thanking you, Yours Faithfully, For Lumino Industries Limited Vivek Jain Company Secretary & Compliance Officer M. No: A36946 Lumino Industries Limited (BSE: 544894 | NSE: LUMINO) Q2 and H1 FY27 Earnings Presentation November 2026 Connecting India’s Transmission and Distribution Network Generation Transmission Distribution Conductors Conductors Wires Substation Substation Substation 765/400 kV 400/220 kV 220/132 kV Below 11 kV Business Customer Power Generation 11 kV Substation Distribution • Thermal 132/66/33/11 kV • Solar • Wind 400 kV – EHV 220 kV – EHV 132 kV– EHV 66/33/11/1.1 kV – HT • Hydro Residential Customer Cables Cables EPC EHV Substation, Power T&D and HTLS Re-Conductoring H1 FY27 Financial Highlights H1 FY27 Capital Structure FY27 Manufacturing Facilities Order Book Rs. 56 Cr Rs. 1,183 Cr 13.1% 22.2% / 18.4% 40,000 MT to 75,000 MT Rs. 922 Cr Rs. 1,963 Cr *Cashflow from Revenue EBITDA Margin ROCE / ROE 2 Existing / 1 Upcoming Facility Manufacturing EPC Operations *Note: Excluding the impact of Trade Acceptance repayment of Rs. 68 crores, Cash Flow from Operations would have been positive at Rs. 124 crores Order Book as on 30th September 2026 Investment Case (1/2) 1. Established Presence in the Transmission and Distribution Industry H1 FY27 Revenue (Rs 1,183 Cr) • Over three decades of experience in developing conductors, power cables, electrical wires and specialised products • One of the few manufacturers of high-temperature low-sag (“HTLS”) conductors in India • Products supplied to power utilities across states, EPC companies and synergistically to the Company’s EPC business • Presence across Power T&D, Renewable Energy, Industrial Applications, Railway and Communication Systems 70% • Increasing market presence in export markets across the product range • Recognized as a Two Star Export house Manufacturing EPC • CRISIL upgraded the long-term rating to A+/Stable from A/Stable and reaffirmed the short-term rating at A1 2. Diversified Product Portfolio Across Conductors, Cables and Wires Product Range • Manufacturing operations across three product categories: aluminium conductors, power cables and electrical wires • Aluminium conductors cater to overhead power transmission and distribution networks • Power cables are used in substations, industrial applications and communication systems • Operates the electrical wire business under the ‘Lumicon’ brand, manufacturing thermoset insulated, earth and house wires • UL certification obtained to support exports to the US and Europe • Introduced next generation conductors such as AL59 and HTLS 3. Manufacturing Facilities, Warehousing and Planned Capacity Expansion Consolidated Capacity Utilization • Existing manufacturing capacity of 40,000 MT, with 31,000 MT at Unit I and 9,000 MT at Unit II in Howrah, West Bengal • Acquired 650,000 sq. ft. of land at Ranihati, Howrah, for a proposed 250,000 sq. ft. manufacturing facility • New facility dedicated to cable manufacturing of 35,000 MT, particularly HT Cable with Phase I of 10,000 MT in Q4 FY27 • Facilities are strategically located with access to ports, railways and highways, facilitating Indian and export operations • Manufacturing facilities are ISO and 5S certified, with an NABL accredited testing laboratory FY24 FY25 FY26 Investment Case (2/2) 4. EPC Capabilities Across Multiple Power Infrastructure Business Lines • Operations across five lines: EHV Substations, Power T&D, HTLS Re-Conductoring, Solar Power and Water Management • Project execution presence across ten states in India • Successfully executed 1st international EPC power distribution project in Rwanda • Internal access to specialised products enables greater control over EPC product specifications, availability and project execution 5. Strategic Collaborations Broadening Business Capabilities • Purchase agreement with US-based CTC Global for ACCC Core used in manufacturing HTLS conductors in India • Railway electrification capabilities expanded through a JV with Shyam Indus Power Solutions and Zetwerk • Water EPC presence established through a JV with SMC Infrastructure 6. Order Book Led Growth and Increasing Profitability H1 FY27 Order Book (Rs 2,885 Cr) • Closing order book of Rs.2,885 Cr as of September 30, 2026 • Order book comprises Rs. 1,963 Cr from EPC and Rs. 922 Cr from Manufacturing 32% Manufacturing • Revenue from Operations recorded a 20.4% CAGR, from Rs. 1,407 Cr in FY24 to Rs. 2,041 Cr in FY26 68% EPC • EBITDA recorded a 32.1% CAGR, from Rs. 145 Cr to Rs. 253 Cr, with a margin increase from 10.3% to 12.4% over FY24 to FY26 • Generated Cashflow from Operations of Rs. 56 Cr in H1 FY27 Outlook on Power Sector Investments 7. Attractive Long Term Industry Outlook Rs. Trillion • Investments of Rs. 4–5 lakh crores each in transmission and distribution over FY27 – FY31, alongside data center expansion, 37-42 expected to drive conductor and cable demand 19.2 • Green Energy Corridor Phase III has an approved outlay of Rs. 1.86 lakh crores, including 50 GWh of battery storage, to integrate up to 135 GW of renewable energy by FY33 FY22-26 FY27-31F • Wires and cables are projected to grow at 13–14% CAGR and conductors at 12–15% over FY26 – FY31 Leadership Commentary H1 FY27 Mr. Devendra Goel Revenue Managing Director Rs. 1,183 Cr (+25% YoY) “The leadership team at Lumino Industries is pleased to announce yet another successful set of results for Q2 and H1 EBITDA PAT FY27. During the second quarter of year, Revenue from Operations was Rs. 661 crore, registering a growth of 30% YoY. From a profitability perspective, Operating EBITDA was Rs. 84 crore, with a margin of 12.8%, while Profit after Rs. 155 Cr Rs. 93 Cr Tax was Rs. 53 crore, with a margin of 7.9%. During H1, the Company generated the positive Cash Flow from (13.1% Margin) (7.8% Margin) Operations of Rs. 56 crore. Key IPO Highlights Our order book of Rs. 2,885 crore as of September 30, 2026, comprised Rs. 922 crore from Manufacturing and Rs. 1,963 crore from EPC, providing visibility across both businesses. Post September 30, 2026, we have received orders 3rd September 2026 worth Rs. 386 crore across conductors, cables and underground distribution infrastructure, reflecting demand across our product and project offerings. Additionally, we are L1 tenders worth Rs. 555 Cr. Listing Date (NSE and BSE) The Ranihati expansion is central to our next phase of growth. The facility will add 35,000 MT of annual capacity in Rs. 700 Cr phases, increasing our total installed capacity from 40,000 MT to 75,000 MT. Alongside increasing manufacturing Total IPO Issue scale, it will broaden our cable portfolio to include HT power cables up to 66 kV. The commercial production under the first phase is expected in Q4 FY27. We see opportunities for specialised products, particularly HTLS conductors, as utilities seek to increase power Rs. 500 Cr Rs. 200 Cr transfer capacity across existing networks. Our integrated manufacturing and EPC model combines product expertise with project execution, providing greater control over product quality, supply and execution timelines. Fresh Issue Offer for Sale Looking ahead, our priorities ar [Showing first 8,000 characters — download PDF for full document]