Investor Presentation

AI summary - Q2 2026 standalone revenue 26.8bn INR +17.5% y-y, EBITDA 5.13bn INR +19.1% y-y, PAT 3.37bn INR +12.6% y-y - YoY double digit growth in Automotive Technologies, Vehicle Lifetime Solutions, and exports; domestic business up 16.2% - Earnings quality slightly impacted by geopolitical cost pressures including fuel prices and INR depreciation - Working capital increased due to inventories; management expects control in coming quarters - Capex framework on track with 958mn INR spent in Q2; free cash flow impacted by working capital rise - New business wins in clutch systems, bearings, and lubricants across automotive and industrial sectors - Automotive sector growth driven by new product launches and infrastructure investments - Core industry growth at 1.2% in Q1FY27; automotive production growth strong in PV, CV, and tractors segments