Elin Electronics Limited · NSE:ELIN

Elin Electronics — Q2 FY2025 Earnings Presentation

12 slides from Elin Electronics's earnings presentation, Nov 12, 2024

1. Slide 1: Cover letter to stock exchanges on investor presentation

   ELIN ELECTRONICS LIMITED Regd. a Carp. Office : 4771, BHARAT RAM ROAD, 23 DARYA GANJ, NEW DELHI-110 002 Website : www.elinindia.com Tel. : 91-1143000400 Fax : 91-11.23289340 November 12, 2024 National Stock Exchange of India Limited BSE Limited Exchange Plaza, 5th Floor, Corporate Relationship Depar

2. Slide 2: Q2 & H1FY25 Earnings Presentation

   Elin Electronics Limited Q2 & H1FY25 Earnings Presentation November 2024

3. Slide 3: Q2FY25 Snapshot

   Q2FY25 Snapshot Total Income EBITDA Profit After Tax INR 3,071 million INR 113 million INR 48 million up ~11% YoY from up ~15% YoY from up ~ 22% YoY from INR 2,754 million INR 99 million INR 39 million Net Cash / (Debt) Net WC Days INR 984 million ~ 58 days from from INR 823 million ~63 days 1

4. Slide 4: Q2FY25 & H1FY25 Snapshot

   Q2FY25 & H1FY25 Snapshot INR million Q2-FY24 Q2-FY25 Q1-FY25 Q2-FY25 H1FY24 H1FY25 Revenue 2,733 3,046 2,936 3,046 5,272 5,981 EBITDA 99 113 133 113 196 246 Margin % 3.6% 3.7% 4.5% 3.7% 3.7% 4.1% PAT 39 48 59 48 77 107  Revenue grew ~11% on a YoY basis and ~4% on a QoQ basis:  YoY growth was large

5. Slide 5: Revenue Breakdown

   Revenue Breakdown INR million Q2-FY24 Q2-FY25 Q1-FY25 Q2-FY25 H1FY24 H1FY25 Lighting, Fans & Switches 796 666 894 666 1,628 1,560 Small Appliances 690 829 636 829 1,216 1,465 FHP Motors 557 741 656 741 1,098 1,398 Other EMS 85 111 140 111 178 250 Total EMS 2,128 2,347 2,327 2,347 4,121 4,674 Precisi

6. Slide 6: Expenditure Analysis

   Expenditure Analysis Q2-FY24 Q2-FY25 Q1-FY25 Q2-FY25 H1FY24 H1FY25 Cost of Material Consumed 74.3% 75.2% 73.6% 75.2% 74.0% 74.4% Employee Benefits 14.1% 14.1% 14.6% 14.1% 14.2% 14.4% Other Expenses 8.0% 7.0% 7.3% 7.0% 8.1% 7.2% EBITDA 3.6% 3.7% 4.5% 3.7% 3.7% 4.1% Finance Costs 0.5% 0.7% 0.6% 0.7% 0

7. Slide 7: Lighting, Fans & Switches

   Lighting, Fans & Switches INR million Q2-FY24 Q2-FY25 Q1-FY25 Q2-FY25 H1FY24 H1FY25 Lighting 643 500 634 500 1,239 1,135 Flashlights 55 61 105 61 159 166 Fans 66 87 126 87 170 213 Switches 32 18 28 18 60 47 Total 796 666 894 666 1,628 1,560  Lighting revenue declined ~22% YoY as the industry contin

8. Slide 8: Small Appliances

   Small Appliances INR million Q2-FY24 Q2-FY25 Q1-FY25 Q2-FY25 H1FY24 H1FY25 Kitchen & Home Care 459 494 395 494 795 888 Personal Care 231 336 242 336 422 577 Total 690 829 636 829 1,216 1,465  Kitchen & home care revenue grew by ~8% YoY largely on the back of better volumes in bar blender and irons,

9. Slide 9: Fractional Horsepower Motors

   Fractional Horsepower Motors INR million Q2-FY24 Q2-FY25 Q1-FY25 Q2-FY25 H1FY24 H1FY25 Consumer Durables 481 612 471 612 896 1,084 Fans 43 68 120 68 120 187 Others 33 61 65 61 82 127 Total 557 741 656 741 1,098 1,398  Motors of Consumer durables comprise mixer grinders, hand blenders and chimney 

10. Slide 10: Capex Overview (H1FY25)

    Capex Overview (H1FY25) Ghaziabad Baddi Goa Total Land & Building 97.1 - - 97.1 Plant & Machinery 37.7 2.4 19.3 59.4 Electrical Installation 6.2 0.2 0.4 6.8 Tools, Dies & Moulds 29.3 6.6 2.6 38.5 Others 13.6 2.2 0.5 16.3 Total 183.9 11.4 22.8 218.1  Capex in Q2FY25 was INR 183 million, largely on a

11. Slide 11: Status of New Product Launches

    Status of New Product Launches Description Category Current Status Trimmer 3000 Small Appliances Launched in Q2FY25 Electric Kettle Small Appliances Product under development, launch in FY25 Oil Filled Radiator Small Appliances Launched in Q2FY25 Chimney Small Appliances Product under development, l

12. Slide 12: Thank You

    Thank You

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