Investor Presentation

Investor Presentation - Q2FY27 - Revenue 15.8bn INR +37% y-y, EBITDA 5.6bn INR +39%, margin 35.3% - PAT 3.8bn INR +61% y-y, margin expanded to 24% aided by lower finance costs - Production: modules 952 MW, cells 513 MW; cell utilization 89%, module 44% - Order book strong at 10.4 GW; new orders 1.5 GW in Q2FY27 - Capacity expansion underway: 6 GW integrated cell/module facility commissioning by early FY28 - Capex ~5,500 Cr INR for expansion, largely funded by internal accruals - ALMM II implementation supports domestic demand growth and DCR compliance - Management focused on backward integration to reduce supply risk and costs