Analysts/Institutional Investor Meet/Con. Call Updates

YOUR PARTNER BEYOND PRODUCTS November 07, 2026 National Stock Exchange of India Limited BSE Limited Exchange Plaza, 5th Floor, Corporate Relationship Department, Plot No. Cyl, G Block, 2nd Floor, New Trading Wing, Bandra - Kurla Complex Rotunda Building, P.I. Towers, Bandra (E), Mumbai -400 051 Dalal Street, Mumbai - 400 001 Symbol: ELIN Scrip Code: 543725 ISIN: INE050401020 Dear Sir/ Ma'am, Subject: Submission of Transcript of conference call held on November 05, 2026. Pursuant to Regulation 30 of the SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015, we are enclosing herewith the transcrip't of an earnings conference call for the Q2FY2027 held on Thursday, November 05, 2026. The above information is being uploaded on the website of the Company at v\,'ww.elinindia.com. We request you to take the above information on record. Thanking You Yours faithfully, For Elin Electronics Limited i.*&-€Sf#;*:*. Lata Rani Pawa Company Secretary & Compliance Officer M. No.: A30540 cs@elinindia.com End: As Above ELIN ELECTRONICS LIMITED CIN : L29304DL1982PLC428372 RN e® gw js (D er® edlh &l Corporate Office Ghazlabad Goa Baddl Bhlwadl 24 37 7 D1 a, r B yah ga ar nat j ,Ram Road, IC B nu d- l u1 a s4 n tr2 d ias, l1 h Aa4 h r3 ea a, r1 , R 4 So4 ita e, d1 N44 o./ 1 1,144/2 GEL- s o8 t aa4 4t, e 0V 3Ve 7em 2ra 2n aIn , d Su as lctr eia tel TV eIl h[ ia lg -Ne- aB le al gik arh ho ,l, C El- c2 i, n C a - M3 a& n uC fa5 c- tC u6 nng New Delhi-110002 Ghaziabad (U.P.) -201009 Distrjct:Solan, Cluster SPL-1, Salarpur Hjmactialpradesh-174101 Industrial Area Bhiwadi. Q01143000400 District: Alwar ts0120-2701519 & 08326690939 ts 9816036987 Rajasthan-301019 Elin Electronics Limited Q2 FY27 Earnings Conference Call Event Date / Time : 05/011/2026, 15:30 Hrs. Event Duration : 42 mins 16 secs CORPORATE PARTICIPANTS: Mr. Kamal Sethia- Managing Director Mr. Akash Sethia- Head of Strategies Mr. Sanjeev Sethia - Director Mr. Devansh Shah -Sunidhi Securities Q&A PARTICIPANTS LIST: 1. Zaki Naseer : Individual Investor 2. Utsav Baheti : Individual Investor 3. Neeraj Mansingka : White Pine 4. Rehan Laljee :Coheron Wealth Moderator: Good afternoon, ladies and gentlemen. I am Tashmita, moderator for the conference call. Welcome to Elin Electronics Limited Q2 FY 27 conference call. As a reminder, all participant lines will be in the listen-only mode, and there will be an opportunity for you to ask questions after the presentation concludes. Should you need assistance during the conference call, please signal an operator by pressing '*' then '0' on your touchtone telephone. Please note this conference is recorded. I would now like to hand over the conference to Devarsh Shah from Sunidhi Securities. Thank you and over to you, sir. Devarsh Shah: Thank you, ma'am. Good evening and very warm welcome to everyone. On behalf of Sunidhi Securities, I welcome you all to Elin Electronics Limited Q2 FY 27 earnings conference call. Today we have with us from the management represented by Mr. Kamal Sethia, Managing Director; Mr. Akash Sethia, Head of Strategy; and Mr. Sanjiv Sethia, Director. We thank Elin Electronics Limited for giving us the opportunity to host the call. I would now like to hand over the floor to the management for their opening remarks, post which we will open the floor for Q&A. Thank you, and over to you, Akash sir. Sanjiv Sethia: Yeah, thank you very much, Devarsh. Good evening, ladies and gentlemen. This is Sanjiv Sethia, Director at Elin. We also have on call today our Managing Director, Mr. Kamal Sethia, and our Head of Strategy, Mr. Akash Sethia. Thank you for joining our earnings call for the second quarter and first half of FY27. Coming to our overall performance for the quarter, operating revenues for the quarter was ₹413.2 crores against ₹374.5 crores in the same period last year, up 10% on a year-on-year basis. Growth during this quarter could have been better but for a two-week delay in Diwali as compared to last year. Consolidated EBITDA for the quarter was ₹14.1 crores against ₹20.3 crores in the same period last year. The decline in EBITDA margin of 200 bps year-on-year is entirely because of increase in raw material costs which could not be fully passed on to the customers. RMC increase was driven by the following factors: Substantial increase in polymer prices driven by increase in crude oil price due to the conflict in Middle East region. Prices of polymer are up 30% on an average on a year-on-year basis. Metals especially steel saw a sharp increase of 12% to 15%, and copper also has hit an all-time high level. Depreciation of INR against the US Dollar and Chinese Yuan are affecting prices of imports, especially electronics and components, as well as sea freights. We also had a large minimum wage increase of 25% in Ghaziabad region of Uttar Pradesh where our largest factory is situated, with effect from April 1st, 2026. There has been a further increase in minimum wage of around 10% with effect from October 1st, 2026. Change in the product mix with decline in motors and select lighting products which are at higher value addition. Therefore, our EBITDA margin declined from 5.4% last year to 3.4% in the current quarter. Excluding extraordinary items consolidated PAT for the quarter was ₹3.8 crores against the profit of ₹13.8 crores in the same period last year. Our liquidity position is a net debt of rupees 6.4 crores as of September 2026. Our capex spend in H1 FY27 was at rupees 77.5 crores which includes rupees 65 crores towards capitalization of Bhiwadi plant and balance 12.4 crore 12.5 crores towards the existing business. Our working capital days was 52 days at September 2026 versus 53 days in September 2025. Now, I would like to share with you the performance of each of our business verticals. In lighting, fans and switch segment, the revenue for the quarter was rupees 77.8 crores against rupees 72.4 crore in the same quarter last year. This was driven by customers ramping up in the LED lighting category. LED lighting, exclusive flashlight, excluding flashlight, increased from rupees 47.5 crores to rupees 54.4 crores in the current quarter. This was primarily driven by new customer ramping up capacity with us. While overall volumes have grown, change in the product mix has impacted us, impacted us with downlights being replaced by battens. With effect from August, we had decided to scale down battens till the pricing situation does not improve. We are now working on our terms with customers who accept our pricing and are not chasing customer or wallet share. Moving to our fan business, our fan business was steady at rupees 15 crores in this quarter. While Q2 is seasonally weak for fans, we expect this to pick up strongly again in Q3 and continue to do well in Q4 as well. We have a strong outlook for fans especially BLDC ceiling fans as setting up additional capacity in our Bhiwadi plant for it. Moving on to the home appliance segment, revenue increased from Rs 140.6 crores last quarter to Rs 175.8 crores this quarter, representing an overall growth of 25%. This would have been higher if not for the delayed festival season this year with Diwali falling in November. Kitchen and home care revenue increased by 25% year on year. This was on the back of growth of revenue driven by increased volumes from mixer grinder and irons. We have started regular supplies of electric kettles also in the quarter. Personal care segment was up 28% year on year driven by volume growth in hair dryers and sterilizers. We are happy to share that we have added a new customer for personal care in this quarter. Additionally, we have participated in government tenders and expect to do some business in it as well. Moving on to the FHP motor segment, revenue declined from Rs 73.5 crores to Rs 56.8 crores in the current quarter. Further please note this segment reflects only third-party sales, so increase in sales of mixer grinders and fans as appliances and resultant in [Showing first 8,000 characters — download PDF for full document]