ELIN

Current scenario - Operating revenues for Q2 FY27 stood at ₹413.2 crores compared to ₹374.5 crores in the same period last year, up 10% YoY, impacted slightly by a two-week delay in Diwali. - Consolidated EBITDA for the quarter was ₹14.1 crores against ₹20.3 crores in the previous year, with EBITDA margins declining to 3.4% due to higher raw material costs. - Consolidated PAT for the quarter stood at ₹3.8 crores compared to ₹13.8 crores in the corresponding period last year. - Net debt remained low at ₹6.4 crores as of September 2026, with H1 FY27 Capex at ₹77.5 crores. Changes in trends - Raw material costs rose significantly, driven by a 30% YoY increase in polymer prices due to crude oil fluctuations, 12-15% increase in steel prices, and all-time high copper prices. - Significant minimum wage hikes in the Ghaziabad region (25% in April 2026 and another 7-10% in October 2026) impacted assembly costs. - Consciously scaled down low-margin batten lighting orders to protect bottom-line profitability. Management Guidance & Outlook - Revenue guidance for FY27 is estimated at ₹1,400 crores with a variation of plus-minus 3%. - The new Bhiwadi plant commenced commercial production in mid-September 2026 and is expected to contribute around ₹50 crores in revenue for FY27 and ₹150 crores in FY28 with 6-6.5% EBITDA margins. - Management is prioritizing profitability over chasing sheer volume growth and is in talks with customers to pass on raw material and assembly cost increases.

Concall Schedule Concall Date: November 05, 2026 Concall Time: Not specified (Earnings Conference Call on Q2FY27 audio recording link provided)

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Elin Electronics Limited received a request from Kamexim Pvt. Ltd., a member of the promoter group, for reclassification from the 'Promoter and Promoter Group' category to the 'Public' category under Regulation 31A of SEBI Listing Regulations. - The reclassification request follows a change in shareholding wherein Mrs. Kamla Dugar sold her entire 70.59% stake in Kamexim Pvt. Ltd. to Mr. Pradipta Chandra Bahera and Mr. Suman Sourav. - Kamexim Pvt. Ltd. currently holds zero shares in Elin Electronics Limited and meets all regulatory criteria for reclassification.

- Elin Electronics Limited informed the exchange about a scheduled meeting. - Details of the schedule will be shared with the investors and analysts.

- Elin Electronics Limited held its 44th Annual General Meeting (AGM) on September 28, 2026. - All six resolutions, including the adoption of financial statements, re-appointment of retiring directors, re-appointment of independent directors (Dr. Shanti Lal Sarnot and Mr. Ashis Chandra Guha), and ratification of cost auditor remuneration, were passed with requisite majority.

- CRISIL Ratings Ltd. has reaffirmed the long-term rating at CRISIL A for the company's bank loan facilities amounting to Rs. 134.00 Crore. - The outlook on the long-term rating has been retained as Stable.

- Trading window closure for Designated Persons commences on October 01, 2026. - Closure pertains to the declaration of Q2/H1 FY27 un-audited financial results for the period ending September 30, 2026. - Window will reopen 48 hours after the declaration of financial results. - Date of the Board Meeting will be announced in due course.

- Elin Electronics commenced commercial production at its Bhiwadi Plant on September 14, 2026. - The new plant adds capacity for OFR, Ceiling Fans, and Chimneys with an investment of ₹5 Crore from internal accruals. - This expansion caters to enhanced customer requirements.

- Intimation of the 44th Annual General Meeting (AGM) to be held on September 28, 2026, at 10:30 A.M. (IST) via Video Conferencing. - Web links are provided to access the Annual Report for FY 2025-26 and the AGM Notice. - Details for remote e-voting are also shared.

- Q1 FY27 Consolidated Operating Revenue: ₹362.8 Cr vs ₹295.5 Cr (▲23% YoY) - Q1 FY27 Consolidated EBITDA: ₹4 Cr vs ₹17.6 Cr (▼77% YoY) - Q1 FY27 Consolidated PAT: Loss of ₹2.8 Cr vs Profit of ₹9.4 Cr (▼130% YoY) - EBITDA Margin: 1.1% vs 5.9% (▼480bps) - Financial performance impacted by sharp increases in commodity prices, INR depreciation, 25% minimum wage hike in Ghaziabad, and adverse product mix. - A major fire in the Ghaziabad plant in May 2026, with a provision for loss of ₹24.6 Cr (assets insured, claim filing in final stage). - FY27 revenue guidance: ₹1375 Cr, prioritizing margins by scaling down loss-making lighting operations. - FY27 EBITDA margin guidance: Withheld for another quarter; earlier aspirational 6-8% margin now "unlikely." - Bhiwadi factory: Commercial production starts in Q2 FY27, expected to contribute ₹70-90 Cr revenue for FY27. - Demand: Strong across most categories with high single-digit to low double-digit volume growth, except for the motors segment which saw a decline due to price hikes. - Management acknowledges a "tough period" and commits to improving profitability.

- Audio recording of the Earnings Conference Call for Q1FY27, held on August 6, 2026, is available. - The recording can be accessed via the provided link on the company's website.

- Operating Revenue ₹3,628 million vs ₹2,955 million (▲23% YoY) - EBITDA ₹40 million vs ₹176 million (▼77% YoY) - Profit/(Loss) Before exceptional item ₹(38) million vs ₹127 million (▼130% YoY) - EBITDA Margin 1.1% vs 6.0% (▼490bps)

- Consolidated Revenue ₹354.80 Cr vs ₹288.76 Cr (▲22.8% YoY) - EBITDA ₹3.98 Cr vs ₹17.55 Cr (▼77.3% YoY) - PAT ₹(21.41) Cr vs ₹9.39 Cr (▼Significant decline YoY) - EBITDA Margin 1.1% vs 6.1% (▼500bps) - The quarter was significantly impacted by an exceptional loss of ₹24.66 Cr due to a fire incident at the Ghaziabad manufacturing facility, though assets are adequately insured.

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- Concall Schedule - Concall Date: August 06, 2026 - Concall Time: 17:00 Hrs IST