Eco Recycling Limited · BSE:ECORECO
Eco Recycling — Q2 FY26 Earnings Presentation
35 slides from Eco Recycling's earnings presentation, Nov 17, 2025
Slide 1: Eco Recycling Limited Q2 & H1 FY26 Investor Presentation
@ Ecoreco Eco Recycling Limited EcoRecycling Limited The Pioneer E-waste R'ecycling . Company of India Since 2005 ¢ Q2§ H FY-sentation =, 0N -
Slide 2: Safe Harbour Statement
SafeHa Safe Harbour Statement @ Ecorecy This presentation and the accompanying slides (The Presentation), which have been prepared by Eco Recycling Limited (Ecoreco, The Company) solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or subscribe fo
Slide 3: Eco Recycling (Ecoreco): India's Pioneer In E-waste Management
Eco Recycling (Ecoreco): India’s Pioneer In E-waste Management —e - —— ®fgored \J; Eco Recycling Limited (Ecoreco, The Company) is India’s 1t and one of the leading E-waste management company, offering end-to-end solutions of Reverse Logistics, Data Destruction, Information Technology Asset Disposit
Slide 4: Ecoreco's Journey: Milestones In Innovation, Capacity & Impact
Ecoreco’s Journey: Milestones In Innovation, Capacity & Impact — o0 —— Added new capacity of 18,000 MTPA Launched Recycling on Wheels - Smart-ER Acquired two new Ecoreco joined TERRA group, among Added new capacity of Training-Transport- premises of 40,000 the world's largest networks of 6,000 MTPA
Slide 5: Recognition For Innovation: First Movers In Multiple Green Tech Services
Recognition For Innovation: First Movers In Multiple Green Tech Services Front runners in introducing Recycling on Wheels Facility in India The First Company to have been approved by the CPCB & MPCB Front runners in introducing Data Destruction on Wheels Facility in India India’s First E-waste Recyc
Slide 6: Certifications & Global Associations Validating Leadership
v Certifications & Global Associations Validating Leadership | MAHARASHTRA N Maharashtra Pollution Control Board HERTE WguoT PRI e N\% N:S-D-C National Skill Development Corporation Transforming the skill landscape R2 Responsible™ Recycling ) MEMBER MATERIAL RECYCLING ASSOCIATION OF INDIA Voice of t
Slide 7: Awards, Accolades & National Recognition
Awards, Accolades & National Recognition Won Gold Medal from 1st E-waste Facility to Leading the industry Department of Science Won the Environment and Won the prestigious win the Niche Market with the award for the & Technology, FICCI, Clean Energy Track award Business Plan award Player Award from
Slide 8: Smarter On Wheels: India's First Mobile Recycling Unit For E-waste
Smarter On Wheels: India’s First Mobile Recycling Unit For E-waste @) Ecoreco _._ - — — Eco Recycling Limited Recycling on Wheels-SmartER: %6 Cr Grant approved Li-ion Battery Recycling Boost India’s First Mobile E-waste Recycling Unit by TDB-DST In collaboration with C-MET & MeitY * Inaugurated by D
Slide 9: Delivering Integrated, Technology-led E-waste Management Solutions Across India
Delivering Integrated, Technology-led E-waste Management Solutions Across India
Slide 10: Diverse Business Portfolio
Diverse Business Portfolio @ Eco Ecorec Recycling Limited & in 9] i Data IT Asset | Lamp EPR Eco-Bin for Destruction Disposition Recycling Partnering Smart Collection s & B Book My Junk CSR E-waste Recycling On Reverse Mobile App Enabling Recycling Wheels Logistics Investor Presentation 10
Slide 11: From Collection To Recovery: Ecoreco's E-waste Lifecycle
From Collection To Recovery: Ecoreco’s E-waste Lifecycle @ Ecoreco — o00— Manual & automated separation Disposed via of plastics, metals, PCBs. Refurbishment & approved CHWTSDF resale of reusable channels. Dismantling & electronics. Hazardous Combines automation + manual Recycling ITAD Waste Disposa
Slide 12: Mumbai Facility: High-capacity, Tech-enabled Recycling Infrastructure
Mumbai Facility: High-capacity, Tech-enabled Recycling Infrastructure (@) Ecoreco Eco Recycling Limited Mumbai Facility Present Total Present Introduced Facilities: Capacity: E-waste Recycling 65,000 sq. ft. 31,200 MTPA in India in 2005 The company deployed technologies imported from the US, Europe,
Slide 13: Comprehensive E-waste Management Solutions
Compréhensive E-waste Management Solutions —e - —— Data Destructi Reverse Logistics Ecoreco offers secure data destruction, ensuring compliance with data security policies. India’s © Expanding reverse logistics network to cover every Pin Code and first mobile shredding facility enables onsite destru
Slide 14: Comprehensive E-waste Management Solutions
Comprehensive E-waste Management Solutions @ Ecoreco Lamp Recycling (Onsite & Offsite) . . . ) . i o Ecoreco started this service in 2009, offering both on-site and off-site Eco.re<.:0 speC|aI|ze§ in salvaging and upcycling discarded IT assets, prolonging recycling of lamps to industries and organiz
Slide 15: Ecoreco's Last Mile Initiative: Book My Junk Mobile App
Ecoreco’s Last Mile Initiative: Book My Junk Mobile App _ —e0 —— EPR - Backed by documentary evidence End-to-End EPR Solution e Ecoreco is India’s first fully compliant E-waste management company, offering auditable, evidence-based EPR solutions for EEE producers/importers. ° UmeERiing EHR @lalaiems
Slide 16: Eco-Bin: Awareness Drive & A Unique CSR Initiative
Eco-Bin: Awareness Drive & A Unique CSR Initiative — o0 —— FRONTSIDZ FRONT SIDE ECORECO FOUNDATION k rwnnmu L o NATURE BUILDS EI =\ NATION Ju Corporate Schools/Society [ ’Rw;(fe For the convenience of the public in general Eco-Bin (E-waste Collection Bin) have been installed at prominent locations E
Slide 17: Reaching Every Pin Code: India's Widest E-waste Pickup Network
Reaching Every Pin Code: India’s Widest E-waste Pickup Network Investor Presentation 17
Slide 18: Steered By Visionary Leaders Shaping India's Sustainable Recycling Future
=~ /- LY Ne. RN \ Steered By Visionary Leaders Shaping India’s Sustainable Recycling Future
Slide 19: Leadership At The Helm: Visionary Board Driving Ecoreco's Growth
'® Leadership At The Helm: Visionary Board Driving Ecoreco’s Growth Aruna Son ® Shashank Son @ Director Chairman & M.D Director Her perpetual guidance Responsible for the Responsible for pan-india ® helps team perform better strategic growth initiatives marketing & sales strategy aj Bhattar Director
Slide 20: Decoding Global & Domestic E-waste Dynamics To Navigate Future Opportunities
Decoding Global & Domestic E-waste Dynamics To Navigate Future Opportunities
Slide 21: Global E-waste Monitor 2024: Key Updates
Global E-waste Monitor 2024: Key Updates Ecoreco’ EcoRecycling Limited Accelerated E-waste Generation: * Global E-waste surpassed 62.5 Mn metric tones (Mt) annually, exceeding previous projections. Marginal Improvement in Recycling: * Documented recycling increased from 17.4% in 2020 to 21% in 2024,
Slide 22: India's E-waste Recycling Landscape: Opportunities, Challenges & The Road Ahead
India’s E-waste Recycling Landscape: Opportunities, Challenges & The Road Ahead _ . e \ eP (©) o Projected to reach 110,000 % B71J 20% of E-waste handled by the informal Crores (Us$12 Billion) by 2030 o Lack of enforcement o CAGR of 17% o Low consumer awareness o Rising E-waste generation due to con
Slide 23: Precious Metal Recovery: Unlocking Gold, Silver & More From E-waste
Precious Metal Recovery: Unlocking Gold, Silver & More From E-waste @) Ecoreco — o00— Eco Recycling Limited Monetary Value in the Besides curbing informal Recovered Metals E-waste practices and preventing the introduction of harmful substances into the environment, 2% 1% embracing systematic recycli
Slide 24: Showcasing Strong Financial Performance & Growth-driven Scalability
Showcasing Strong Financial Performance & Growth-driven Scalability
Slide 25: Q2 FY26 Consolidated Performance Highlights YoY
Q2 FY26 Consolidated Performance Highlights YoY —0 00— mTotal Income mmm EBITDA -~ EBITDA Margin mmm Net Profit < Net Profit Margin (28 73.76% 59.95% 13.91 10.26 50.07% 8.20 38.67% 7.25 5.60 Q2 FY25 Q2 Fy26 Q2 FY25 Q2 FY26 Q2 FY25 Q2 Fy26 All Figures InX Cr & Margins in % Investor Presentation 25
Slide 26: H1 FY26 Consolidated Performance Highlights YoY
H1 FY26 Consolidated Performance Highlights YoY —0 00— mTotal Income mmm EBITDA -~ EBITDA Margin mmm Net Profit < Net Profit Margin 74.92% 59.78% 2810 NO% 27.35 o) 48.72% 16.35 16.69 13.69 H1FY25 H1FY26 H1FY25 H1FY26 H1FY25 H1FY26 All Figures InX Cr & Margins in % Investor Presentation 26
Slide 27: Q2 & H1FY26 Consolidated Result Highlights
Q2 & H1FY26 Consolidated Result Highlights —0 00— Particulars Q2FY25 Q2 FY26 H1FY25 Net Sales 12.87 14.42 24.28 Other Income 1.04 0.06 3.07 444 Total Income 13.91 14.48 27.35 28.10 Raw Material costs 152 6.10 2.35 92.08 Employee Cost 0.89 0.93 1.84 174 Other Expenses 124 0.20 267 0.59 Total Expendit
Slide 28: Key Financials
Key Financials —0 00— mTotal Income Emm EBITDA -~ EBITDA Margin BN PAT -~ PAT Margin 23.38 46.30 33.32 18.22 35.27 23.70 21.53 6.19 7.69 % % FY23 Fy24 FY25 FY23 Fy24 FY25 FYy23 Fy24 FY25 All Figures InX Crand Margin In % Investor Presentation 28
Slide 29: Consolidated Profit & Loss Statement
Consolidated Profit & Loss Statement —0-0- 00— Particulars FY23 FY24 Net Sales 1773 28.01 43.96 Other Income 3.79 7.26 2.34 Total Income 21.53 35.27 46.30 Raw Material costs 5.97 5.77 6.63 Employee Cost 2.91 3.25 3.86 Other Expenses 4.96 2.55 249 Total Expenditure 13.84 1.57 12.98 EBIDTA 7.69 23.70
Slide 30: Consolidated Balance Sheet
_Consoli Consolidated Balance Sheet @ Ecorecd InZCr Equities & Liabilities FY23 FY24 5 Assets FY23 FY24 FY25 Equity 19.30 19.30 19.30 Non Current Assets Reserves 26.53 46.53 6863 Fixed assets 3374 39.36 5884 Net Worth 45.83 65.83 87.93 Non Current Investments 9.62 6.16 3.68 Non Controlling Interest
Slide 31: Key Ratios
Key Ratios — oo —— ROE In% ROCE In % 2768 26.59 3202 34.28 13.51 1416 FY23 FY24 FY25 FY23 FY24 FY25 Debt to Equity InTimes Interest Coverage In Times 0.03 0.03 50.48 45,07 0.02 3271 FY23 FY24 FY25 FY23 FY24 FY25 Investor Presentation 31
Slide 32: Stock Data
Stock Data —o0 —— Stock Information (ECOREC Share Holding Pattern As on 14-11-2025 As on 30-09-2025 BSE Code 530643 ISIN INE316A01038 Share Price ¥ 559.35 26.65% = Promoters Market Capitalization Z Cr 1,079.36 No. of Share Outstanding 1,92,96,750 = Public Face Value ¥ 10.00 73.35% 52 Week High 1,043
Slide 33: Investment Rationale: First Mover Advantage, Profitable, Scalable Model
Investment Rationale: First Mover Advantage, Profitable, Scalable Model Ecoreco Eco Recycling Limited Industry Pioneer Capacity Expansion Innovative Offerings Strategic Partnerships Strong ESG Focus India’s 1st E-waste Increased to 31,200 ‘Recycling on Wheels’, Li-ion battery recycling Circular econ
Slide 34: Investment Rationale: First Mover Advantage, Profitable, Scalable Model
Investment Rationale: First Mover Advantage, Profitable, Scalable Model Ecoreco Eco Recycling Limited Regulatory Tailwinds Diverse Clientele Scalable Business Zero-Debt Status Exclusive Data Strict EPR norms Serves MNCs, Model Asset-light, Debt-free balance sheet Destruction Tech & rising E-waste co
Slide 35: ThaneWest - 400 604.
ng Limited 422, The Summit Business Park, Opp. Cine Max Theater, Andheri (East), Mumbai - 400093 info@ecoreco.com e +9177380 77086 WWW.ecoreco.com - L o &v irin Advisors /:,/ £ 713—B,fodha Supremus I, y, P4 *Wagle Estate, . ThaneWest - 400 604. Email: info@kirinadvisors.com Phone: 022 4100 2455 Webs