Thirumalai Chemicals Limited · NSE:TIRUMALCHM
Thirumalai Chemicals — Q1 FY27 Earnings Presentation
34 slides from Thirumalai Chemicals's earnings presentation, Aug 7, 2026
Slide 1: Exchange filing cover letter
Registered Office: “THIRUMALAI HOUSE”, Plot No. 101-102, Road No. 29, Sion (East), Mumbai – 400 022, India PHONE: +91 – 22– 43686200 FAX +91 – 22 – 24011699 E- MAIL: thirumalai@thirumalaichemicals.com Website: www.thirumalaichemicals.com (AN ISO 9001, 14001, 50001/ HACCP & FSSC 22000 CERTIFIED COMPA
Slide 2: Thirumalai Chemicals Limited Investor Presentation Q1 FY27
Thirumalai Chemicals Limited Investor Presentation Q1 FY27 1
Slide 3: Safe Harbor
Safe Harbor This presentation and the accompanying slides (the “Presentation”), which have been prepared by Thirumalai Chemicals Limited (the “Company’), have been prepared solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or subscribe for any
Slide 4: Company Overview
Company Overview
Slide 5: Leadership has evolved over five decades
Leadership has evolved over five decades 2025 Widened global 2024 footprint with an upcoming new plant in Launched a new the USA, set up under 2021 Phthalic Anhydride and our subsidiary Fumaric Acid company Unveiled a production facility at 2012 manufacturing facility Dahej under in Dahej, Gujarat s
Slide 6: TCL Group holding structure
TCL Group holding structure Thirumalai Chemicals Limited (TCL) 100% 100% 6% 94% TCL Intermediates Pvt. Ltd. (Greenfield project to Cheminvest Pte. Ltd., TCL Global BV, manufacture PAn and Singapore (CPL) The Netherlands (TCLGBV) Fumaric Acid in Dahej) 16% 84% 100% 100% Optimistic Organic Sdn. Lapiz
Slide 7: Diversified product portfolio
Diversified product portfolio Phthalic Anhydride (PAn) Malic Acid (MAc) Fumaric Acid (FAc) Diethyl Phthalate (DEP) Raw material o-Xylene Maleic Anhydride Maleic Anhydride Ethanol, Phthalic Anhydride used Manufacturing Ranipet, India Ranipet, India Ranipet, India Ranipet, India locations Dahej, India
Slide 8: Our manufacturing footprint
Our manufacturing footprint TCL is among the top 3 global manufacturers of PAn India operations Worldwide Reach We boast a significant presence across all major geographies Including the USA project, TCL will be one of the Dahej, Gujarat (TCL India) largest global manufacturers of MAc & FAc Capacity
Slide 9: Driving innovation & empowering progress
Driving innovation & empowering progress Innovation remains a key driver of growth, Emphasis is placed on enhancing core Continuous prioritization of R&D aligned with the evolving needs of diverse processes, improving operational efficiency efforts ensures improved product industries and developing
Slide 10: Key strengths reinforces our position
Key strengths reinforces our position Product quality and process control Global market reach with long-term partnership Manufacturer of essential chemicals for industries Strong domestic and export presence across key global like food and pharma, ensuring high purity and markets, with established r
Slide 11: Our quality commitments
Our quality commitments FSSC Certificate Kosher Certificate IMS Certificate Halal Certificate 2024-27 2025-26 2024-27 2025-28 QMS Certificate ISO 500001 Certificate BIS REACH 2024-27 2025-28 Certificate Compliance 10
Slide 12: Awards and recognitions
Awards and recognitions Confederation of Indian Indo American Chamber Industry 2025: of Commerce 2021: Industry trend setter for going global Business Excellence award Chennai Port 2023: Confederation of Indian Best Performance & Partnership Industry 2020: Award Excellence in EHS Practices The Natio
Slide 13: Senior Management and Board (1/2)
Senior Management and Board (1/2) Mr. R. Parthasarathy – Chairman & Managing Director Mrs. Ramya Bharathram - Managing Director & CFO • Chemical technocrat from IIT Mumbai & University of Wisconsin, • Heads strategy and Specialty Chemicals Businesses Madison USA • 16+ years of experience • 5 decades
Slide 14: Senior Management and Board (2/2)
Senior Management and Board (2/2) Mr. Rajeev Pandia Mrs. Bhama Krishnamurthy Mr. M Somasundaram Independent Director Independent Director Independent Director • 35+ years experience • 35+ years experience • 35+ years experience • IIT-B, Stanford USA • Ex-IDBI Bank, Ex-SIDBI • Expertise in Accounting
Slide 15: Pathway Forward
Pathway Forward
Slide 16: Expansion in USA
Expansion in USA Building 40 KTPA MAn Capacity Location advantage Strategic rationale Products Malic Acid Fumaric Acid Maleic Anhydride Gas fields Abundant feedstock with assured long-term supplies competitively Ports priced (n-butane) Fully Integrated plant provides significant competitive advantag
Slide 17: Significant advantages of the USA project to the group
Significant advantages of the USA project to the group Market opportunity Strategic Location Cost arbitrage Competitive landscape Future growth o USA currently has only one o Feedstock accounts for 50- o Despite cost escalations o The USA producer is o The plant’s location within manufacturer of Mal
Slide 18: Commencement of USA Facility
Commencement of USA Facility Commencement of the first phase of commercial operations in December 2026 The facility comprises two integrated manufacturing plants: a 40,500 TPA Maleic Anhydride (MAN) plant and a 30,000+ TPA Food Ingredients 01 plant (Malic Acid & Fumaric Acid), positioning the Compan
Slide 19: USA project – current status
USA project – current status 18
Slide 20: Q1 FY27 Highlights
Q1 FY27 Highlights
Slide 21: Factors that impacted performance in Q1 FY27
Factors that impacted performance in Q1 FY27 India held its position as the world's sixth-largest chemical producer and fourteenth-largest exporter, with organic and inorganic chemical exports up 12.7% YoY in May and 19.4% YoY in June 2026, though Chinese oversupply continued to cap global pricing.
Slide 22: Key Highlights – Q1 FY27
Key Highlights – Q1 FY27 At TCL, Ranipet PHTHALIC ANHYDRIDE FOOD INGREDIENTS Following the re-catalyzation of the large reactor, the facility has Enhanced profitability through process optimization, delivering 100% been operating in a stable manner, with enhanced product quality. first-pass quality,
Slide 23: Q1 FY27 - Market Highlights
Q1 FY27 - Market Highlights PAn Food Ingredients Malic Acid PAn prices fluctuated sharply due to the volatility in crude oil prices during this period. Product availability from China showing signs of diminishing due to lower operating Strong US & European Higher freight charges Domestic sales rates
Slide 24: Future Business Outlook
Future Business Outlook 01 Commencement of US facility will provide competitive advantage in near future. ~510 KTA of Chinese OX capacity under planned shutdown, combined with crude volatility and Middle East freight disruptions, 02 is expected to keep PAn prices firm and support healthy realization
Slide 25: Financial Highlights
Financial Highlights
Slide 26: Q1 FY27 Financial Highlights
Q1 FY27 Financial Highlights Total Income (INR Cr) EBITDA (INR Cr) PAT (INR Cr) 453 51 14 Standalone 340 7 Q1 FY26 Q1 FY27 Q1 FY26 Q1 FY27 -14 Q1 FY26 Q1 FY27 550 36 Consolidated 452 -44 Q1 FY26 Q1 FY27 -25 -60 Q1 FY26 Q1 FY27 Q1 FY26 Q1 FY27 25
Slide 27: Standalone P&L Statement
Standalone P&L Statement Particulars (INR Cr) Q1FY27 Q1FY26 Y-o-Y Q4FY26 Q-o-Q FY26 Revenue from Operations 331 446 257 1,360 Other Income 10 7 9 34 Total Income 340 453 -25% 266 28% 1,393 Cost of Materials Consumed 222 381 203 1,124 Gross Profit 118 71 66% 63 88% 269 Gross Profit Margin (%) 35% 16%
Slide 28: Consolidated P&L Statement
Consolidated P&L Statement Particulars (INR Cr) Q1FY27 Q1FY26 Y-o-Y Q4FY26 Q-o-Q FY26 Revenue from Operations 547 450 424 1,736 Other Income 3 2 8 19 Total Income 550 452 22% 433 27% 1,754 Cost of Materials Consumed 406 367 321 1,368 Gross Profit 144 86 68% 111 30% 387 Gross Profit Margin (%) 26% 19
Slide 29: ESG
ESG
Slide 30: Our ESG Aspirations
Our ESG Aspirations Driving Sustainable Progress for a Better Tomorrow Environment Social Governance Health & Safety Carbon Footprint Zero Accidents at the Business 25% Reduction in GHG Workplace and Implement Ethics Emissions by 2030 * Practices for Responsible Zero Tolerance for Care initiatives H
Slide 31: Governance
Governance 9 34% 56% Board of Female Independent Directors Representation Directors Data Privacy Breaches in the Past Three years Cases of Corruption and Anti-Competitive Practices Conflict of Interest Complaints 30
Slide 32: People
People 500+ 9.9% 11,714 Overall, Gender Person-hours of Total Workforce Diversity training Delivered 1.96 crores 1.95 crores 4.7/5 Invested in CSR in FY 2025-26 Invested in R&D to drive Customer satisfaction score innovation and sustainable chemistry 0 0 0 LTIFR in FY 2025-26 Fatalities in FY 2025-2
Slide 33: Planet
Planet 23% Of total energy sourced from renewable sources 16839.4 KL 100% 85% Of on-site energy consumption is met through internal waste heat recovery Rainwater harvested and reused Of process water treated and reused through ZLD 105115GJ Offromclean energy generated on-site waste heat 24.3 % 14.13
Slide 34: Thank You
COMPANY : Thirumalai Chemicals Ltd. CIN : L24100MH1972PLC016149 INVESTOR RELATIONS ADVISORS : MUFG Intime India Private Limited A part of MUFG Corporate Markets, a division of MUFG Pension & Market Services Mr. Irfan Raeen Irfan.raeen@in.mpms.mufg.com Ms. Pooja Swami Pooja.swami@in.mpms.mufg.com Tha