Subros Limited · NSE:SUBROS
Subros — Q2 FY2025-26 Earnings Presentation
20 slides from Subros's earnings presentation, Nov 10, 2025
Slide 1: Exchange filing cover letter for investor presentation
SL/BSE/NSE/2025-26// November 10, 2025 The Manager, Dy. General Manager, Listing Department, Department of Corporate Services, National Stock Exchange of India Ltd., BSE LIMITED, ‘Exchange Plaza’ C-11 , Block G, First Floor, P.J. Towers, Bandra-Kurla Kurla Complex, Bandra (E), Dalal Street, Fort, Mu
Slide 2: Financial Results Quarter 2, FY 2025-26 Investor Presentation
Financial Results Quarter 2, FY 2025-26 Investor Presentation
Slide 3: Safe Harbour
SAFE HARBOUR This presentation might contain forward looking statements which involve a number of risks, uncertainties and other factors that could cause the actual results to differ materially from those in the forward looking statements. The Company undertakes no obligation to update these to refl
Slide 4: Company Profile
Company Profile Established in 1985, Subros is the Largest Air Conditioning & Thermal Products company in India. A Joint Venture company between OUR PRESENCE Indian Promoters -36.79%, Denso-20%, Equity Distribution Suzuki-11.96%, Public-31.25% Integrated Thermal Products manufacturer Business for au
Slide 5: Our Board
Our Board Ms. Shradha Suri Mr. Hisahi Takeuchi Mr. Tomoaki Yoshimori Mr. Yoshuira Iida Dr. Jyotsna Suri Mr. Parmod K. Duggal Mr. Yusuke Hara Chairperson & Managing Representative of Suzuki Representative of Alternate Director Director Executive Director & CEO Representative of Director Motor Corpora
Slide 6: SEC Team and OEC Team
SEC Team Ms. Shradha Suri Mr. Parmod K. Duggal Mr. Srini Dampur Marwah ED & CEO EVP (Technical Centre CMD & STEC) OEC Team Mr. A.K. Parashar Mr. Roopak Mr. Harish Mr. Rahul Mr. Hemant Agarwal Mr. Ajay Agarwal Mr. S.S. Gill Mr. Gaurav Gupta Shalya EVP & COO Agarwal Kumar CFO & SVP Finance VP SCM VP F
Slide 7: Core Competencies
Core Competencies Backward integrated to enable built- Strong manufacturing & process in quality technology infrastructure India’s leading automotive AC company Proven capabilities In full-system design, validation, manufacturing & supplies Highly reliable & energy- efficient products Pan-India pres
Slide 8: Financial Results & Highlights
Financial Results & Highlights Results Analysis - Revenue Results Analysis - EBITDA Results Analysis - PBT/ PAT Financial key Indicators Way Forward
Slide 9: Highlights - Financial Performance
Highlights- Financial Performance Q2 2025-26 v/s Q2 2024-25 (Rs. in Cr.) 6.22% REVENUES 879.83 EBITDA 87.98 6.24% PBT 54.49 11.96% Revenue PAT 40.59 11.36% EBITDA Q2 2025-26 v/s Q1 2025-26 REVENUES 879.83 0.18% PBT EBITDA 87.98 0.32% PBT 54.49 0.09% 0.17% PAT PAT 40.59 HY 2025-26 v/s HY 2024-25 REVE
Slide 10: Business Highlights (Q2 2025-26)
Business Highlights (Q2 2025-26) Q2 25-26 vs Q2 24-25 Q2 2025-26 Highlights PVRevenue Segmentgrowth Thermal business growth is 6.22% Revenue Highest everreported Revenueforreported Rs. 879.83 forCr. Rs.in is 19% quarter 748 Cr. in 2quarter 4 SOP of Fronx New started business from Karsanpura awarded
Slide 11: Standalone Results For Quarter Ending 30.09.2025
Standalone Results For Quarter Ending 30.09.2025 Amt in Lakhs Quarter Ended Six Months Ended Year Ended PARTICULARS 30.09.2025 30.06.2025 30.09.2024 30.09.2025 30.09.2024 31.03.2025 Net Sales 87,662 87,510 82,561 1,75,172 1,63,278 3,35,700 Other Operating Income 321 315 269 636 535 1,057 Net Income
Slide 12: Financial Performance Summary - Revenue
Financial Performance Summary Rs. in Cr. Revenue Key Aspects (Half Year): Q2 FY25 vs Q2 FY26 HY 2024-25 vs HY 2025-26 • Revenue is higher by 7.32% due 7.32% to increase in volume and Start 6.22% of Production (SOP) of new 1,758.08 Q1 FY26 vs Q2 FY26 business award 1,638.13 0.18% Key Aspects (QoQ): P
Slide 13: Financial Performance Summary - EBITDA
Financial Performance Summary Rs. in Cr. EBITDA Key Aspects (Half Year): • EBIDTA is higher by 7.62% during H1: • Accrued incentive income of Rs 13.50 Cr. Q2 FY25 vs Q2 FY26 HY 2024-25 vs HY 2025-26 • Higher material cost-Commodity prices with quarter 6.24% leg 7.62% • Higher manpower cost due to sa
Slide 14: Financial Performance Summary - PBT
Financial Performance Summary Rs. in Cr. PBT Key Aspects (Half Year): HY 2024-25 vs HY 2025-26 • PBT is higher by 13.67% during H1 Q2 FY25 vs Q2 FY26 • Accrued incentive of Rs 13.50 Cr. • Higher material cost-Commodity prices with quarter 13.67% 11.96% leg 108.93 Q1 FY26 vs Q2 FY26 • Higher manpower
Slide 15: Financial Performance Summary - PAT
Financial Performance Summary Rs. in Cr. PAT HY 2024-25 vs HY 2025-26 Q2 FY25 vs Q2 FY26 13.86% 11.36% 81.25 Q1 FY26 vs Q2 FY26 71.36 0.17% Tax rate remains same at appx 25.5% 40.66 40.59 36.45 4.37% 4.64% 4.41% 4.65% 4.63% HY 2024-25 HY 2025-26 Q2 FY 2024-25 Q1 FY 2025-26 Q2 FY 2025-26
Slide 16: Key Indicators HY 2025-26 v/s HY 2024-25
Key Indicators HY 2025-26 v/s HY 2024-25 Rs. in Cr. Indicators HY 2024-25 HY 2025-26 Change Status Key Aspects: Revenue from Operation 1638.13 1758.08 119.95 n • Revenue is higher by 7.32% due Other Income 9.53 25.20 15.67 n to increase in volume and Start of Production (SOP) of new Material Cost 72
Slide 17: Key Indicators Q2 FY 2025-26 v/s Q2 FY 2024-25
Key Indicators Q2 FY 2025-26 v/s Q2 FY 2024-25 Rs. in Cr. Indicators Q2 FY 2024-25 Q2 FY 2025-26 Change Status Key Aspects: Net Sales 828.31 879.83 51.52 n • Revenue is higher by 6.22% in Q2 Other Income 6.35 19.51 13.16 n from corresponding quarter of last year due to increase in Material Cost 72.1
Slide 18: Key Indicators Q2 FY 2025-26 v/s Q1 FY 2025-26
Key Indicators Q2 FY 2025-26 v/s Q1 FY 2025-26 Rs. in Cr. Indicators Q1 FY 2025-26 Q2 FY 2025-26 Change Status Key Aspects: Net Sales 878.25 879.83 1.58 n • Revenue is slightly higher by 0.18% in Q2 from previous Other Income 5.69 19.51 13.82 n quarter. Material Cost 71.80% 73.08% 1.28 n • Other inc
Slide 19: Way Forward
WAY FORWARD Company Growth aligned Business Expansion in CV To Realize business Market and to Industry Growth in all Segment opportunities Green Revenue segments (Bus, rail, Truck) Mobility ( EV, SHEV, CNG etc) Potential Technology upgrade to meet Mitigating Impact of Foreign Capacity thru Internal
Slide 20: Thank You
— Thank You Subres Cooling the Planet Subres