Ellenbarrie Industrial Gases Limited has informed the exchange regarding Investor Presentation

November 04, 2026 To To National Stock Exchange of India Limited BSE Limited Exchange Plaza, 5th Floor, Plot No. C/1, G Block, Bandra – New Trading Ring, 2nd Floor, Rotunda Building, P.J. Towers, Kurla Complex, Bandra (E), Mumbai – 400 051 Dalal Street, Mumbai – 400 001 SYMBOL: ELLEN SCRIP CODE: 544421 Sub: Copy of Investor Presentation- Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. Dear Sir/Madam, Pursuant to Regulation 30 read with Part A of Schedule III of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (‘Listing Regulations, 2015’), please find enclosed herewith copy of “Investor Presentation” for the investors/analysts call scheduled on Thursday, November 05, 2026, at 04:00 PM (IST). The same has also been disseminated on the website of the Company at https://ellenbarrie.com/ We request you to kindly take the above on record. Thanking You. Yours faithfully, For Ellenbarrie Industrial Gases Limited Aditya Keshri Company Secretary and Compliance Officer Membership No.: A73390 Investor Presentation Q2 FY27 Disclaimer Safe Harbour Statement This Release / Communication, except for the historical information, may contain statements, including the words or phrases such as ‘expects, anticipates, intends, will, would, undertakes, aims, estimates, contemplates, seeks to, objective, goal, projects, should’ and similar expressions or variations of these expressions or negatives of these terms indicating future performance or results, financial or otherwise, which are forward looking statements. These forward looking statements are based on certain expectations, assumptions, anticipated developments and other factors which are not limited to, risk and uncertainties regarding fluctuations in earnings, market growth, intense competition and the pricing environment in the market, consumption level, ability to maintain and manage key customer relationship and supply chain sources and those factors which may affect our ability to implement business strategies successfully, namely changes in regulatory environments, political instability, change in international oil prices and input costs and new or changed priorities of the trade. The Company, therefore, cannot guarantee that the forward-looking statements made herein shall be realised. The Company, based on changes as stated above, may alter, amend, modify or make necessary corrective changes in any manner to any such forward looking statement contained herein or make written or oral forward-looking statements as may be required from time to time on the basis of subsequent developments and events. The Company does not undertake any obligation to update forward looking statements that may be made from time to time by or on behalf of the Company to reflect the events or circumstances after the date hereof. Table of Contents Q2 FY27 Highlights Company Overview Growth Strategy Industry Overview Historical Financial Statements Databook Q2 FY27 Highlights Key Highlights Q2 FY27 Result Snapshot Strong Balance Sheet* Capacity (TPD) Revenue from Operations Existing** 1,143 INR mn | +28% YoY Cash & Equivalents Bulk: 915 INR 4,240 mn Onsite: 1,018 EBITDA 407 INR mn | +21% YoY Capex Guidance ROCE 356 INR mn | -3% YoY FY 2027: INR 2500 mn EBITDA and PAT Margin 36% & 27% FY 2028: INR 2000 mn *Balance Sheet numbers as on 30 September 2026. ROCE and ROE numbers are annualized **Work order awarded by NMDC Steel Limited (NSL) for the operation and maintenance of two 1,250 TPD ASU plants at Nagarnar has been excluded from total capacity calculation 5 Q2FY27 Financial Highlights All Operations Revenue from Operations (₹ Mn) 1000 EBITDA (₹ Mn) & EBITDA Margin 70% 1000 PAT (₹ Mn) & PAT Margin 70% 60% 60% 800 800 50% 50% 38% 39% 36% 36% 600 600 40% 40% 30% 30% 1,143 400 400 20% 20% 200 337 387 407 200 367 350 356 10% 10% 0 0% 0 0% Q2FY26 Q1FY27 Q2FY27 Q2FY26 Q1FY27 Q2FY27 Q2FY26 Q1FY27 Q2FY27 Y-o-Y +28% +21% -3% Q-o-Q +16% +5% +2% Financial Highlights • Revenue was ₹1,143 mn in Q2FY27, up 28% y-y and 16% q-q, driven by higher volumes • EBITDA rose 21% y-y and 5% q-q to ₹407 mn; margin eased to 36% in Q2FY27 from as new plants continue to ramp up. Onsite plant at east India will see full revenues in 39% in Q1FY27 on higher transport costs and salary hike arrears. Talks underway for Q3FY27 passing freight costs on to customers. • Gases revenue rose 28% y-y and 16% q-q, with growth across all products as the gases • PBT was + 20% y-y and 3% q-q. However, PAT fell 3% y-y but rose 2% q-q to ₹356 mn, business continues to scale as Q2FY26 included a ₹45 mn deferred tax credit Gases Division — Segmental Performance Gases, related products & services — revenue and segment-result margin Revenue (₹ mn) Segment Result margin (%) 1,121 Q2FY26 Q1FY27 Q2FY27 Q2FY26 Q1FY27 Q2FY27 Y-o-Y +27% Y-o-Y -248 bps +15% Q-o-Q Q-o-Q +99 bps Financial Highlights • Core Gases delivered strong revenue growth — revenue increased 27% y-y and 15% q-q to ₹1,121 Mn in Q2FY27, driven by higher volumes as merchant plants ramp up • Margin improved sequentially — segment margin rose to 39% in Q2FY27 from 38% in Q1FY27 on account of capacity ramp up and some increase in realizations marginally offset by rise in power costs • Core gas performance remains robust — momentum is expected to strengthen in H2FY27 as recently commissioned plants continue to ramp up Note: Segment result represents segment revenue less directly attributable expenses Q2FY27 Operational Highlights Revenue Breakup Gases Type Customer Type (₹ Mn) Product / Services Oxygen Nitrogen Argon & Mixtures Bulk Package Onsite Sale of Gases Project Engineering 10% 16% 820 1% 1% 2% 39% 40% 35% 99% 99% 98% 48% 50% 49% 126 120 136 140 154 139 Q2 FY26 Q1 FY27 Q2 FY27 Q2 FY26 Q1 FY27 Q2 FY27 Q2 FY26 Q1 FY27 Q2 FY27 Revenue Breakup By Industry (%) Q2FY26 Q1FY27 Q2FY27 Pharmaceuticals and Chemicals 22% 20% 23% Steel 31% 35% 34% Dealer and retail network 18% 13% 18% Healthcare 8% 8% 8% Engineering and infrastructure 4% 4% 2% Defence 3% 3% 3% Others 14% 17% 12% Business Update Operational Highlights New Order New Plant Updates • Won a INR 4,807 mn order from BHEL in September 2026 to supply and • Commissioned the new on-site plant in East India during Q2FY27 erect a 1,200 TPD cryogenic ASU on Turnkey basis • New merchant plants in North and West/Central India to come up in FY28 • Part of Coal Gasification Mission, BHEL is setting upfirst commercial scale coal-to-ammonium nitrate plant at Jharsuguda, Odisha - our ASU is a key component for that project Existing Plant Updates Cost Optimisation • Ramp-up at the Kurnool and Uluberia 2 merchant plants is progressing • Plans to add more solar capacities are underway to cut costs and diversify well, with continued focus on improving capacity utilisation through FY27 energy consumption • These plants are expected to be key growth drivers during FY27 • Price increases to offset higher transport costs are under negotiation and should come through over the next couple of quarters Q2FY27 Financial Snapshot Profit and Loss Statement INR mn Q2 FY27 Q2 FY26 Y-Y (%) Q1 FY27 Q-Q (%) Revenues 1,143 892 28% 987 16% Other Income 171 126 171 Total Revenues 1,314 1,018 29% 1,158 14% Raw Material Costs 14 9 11 Purchase of Stock-in-Trade 111 104 99 Change in Inventories 8 (29) (4) Power Expenses 257 184 40% 220 17% Gross Profit 752 623 661 Gross Margin (%) 66% 70% 67% Employee Costs 86 65 32% 73 18% Other Expenses 259 221 17% 202 29% EBITDA 407 337 21% 387 5% EBITDA Margins (%) 36% 38% 39% Depreciation 69 51 63 Impairment Loss on financial assets 5 2 10 Finance Costs 25 11 20 Total Expense 835 618 693 Profit Before Tax 479 400 20% 465 3% 123 32 115 Profit After Tax 356 367 -3% 350 2% PAT Margins (%) 27% 36% 30% Figures have been rounded off Growth Strategy Growth Strategy Expanding Customer Access through Added Capacities, Strategic Acqui [Showing first 8,000 characters — download PDF for full document]