Virtuoso Optoelectronics Limited · BSE:VOEPL
Virtuoso Optoelectronics — Q4 & FY26 Earnings Presentation
37 slides from Virtuoso Optoelectronics's earnings presentation, May 31, 2026
Slide 1: Submission of presentation to BSE
May 31, 2026 To BSE Limited Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai – 400 001 Scrip Code: 543597 Dear Sir/Ma’am, Subject: Submission of presentation to be made to Analysts / Investors Please find enclosed herewith the presentation to be made to Analysts / Investors on the Financial Results o
Slide 2: Virtuoso Optoelectronics Limited Investor Presentation Q4 & FY26
VIRTUOSO OPTOELECTRONICS LIMITED Investor Presentation Q4 & FY26
Slide 3: Disclaimer
DISCLAIMER This document has been prepared for information purposes only and is not an offer or invitation or recommendation to buy or sell any securities of Virtuoso Optoelectronics Ltd ("VOEPL", "Virtuoso" "Company"), nor shall part, or all, of this document form the basis of, or be relied on in c
Slide 4: Table of Content
TABLE OF CONTENT Financial Performance 05 page Financial Performance 05 page Way Forward 09 page Way Forward 09 page Business Transition 14 page Business Transition 14 page Company Profile 19 page Company Profile 19 page What sets us apart 29 page What sets us apart 29 page Industry Overview 33 page
Slide 5: Financial Performance
FINANCIAL PERFORMANCE Investor Presentation 4
Slide 6: Quarterly Financial Highlights (Consolidated)
QUARTERLY FINANCIAL HIGHLIGHTS (CONSOLIDATED) Particulars (INR Mn) Q4FY26 Q3FY26 Q4FY25 YoY% FY26 FY25 YoY% Revenue Growth • FY26 consolidated revenue increased by 17.4% YoY to Net Sales 3,168.1 2,057.7 2,400.1 32.0% 8,236.0 6,989.8 17.8% ₹8,259.9 Mn from ₹7,034.5 Mn in FY25, driven by Other Income
Slide 7: Key Performance Highlights
KEY PERFORMANCE HIGHLIGHTS Total Income from Operations (INR Mn) EBITDA (INR Mn) 8,383.3 847.6 7,022.4 603.1 5,323.0 526.2 3,380.0 342.6 2,002.8 199.2 1,155.2 125.2 FY21 FY22 FY23 FY24 FY25 FY26 FY21 FY22 FY23 FY24 FY25 FY26 Profit Before Tax (INR Mn) Profit After Tax (INR Mn) 256.1 233.7 157.9 125.
Slide 8: Annual Income Statement
ANNUAL INCOME STATEMENT Standalone Consolidated Particulars (INR Mn) FY23 FY24 FY25 FY26 FY25 FY26 Net Sales 3,372.7 5,310.8 6,972.0 8,348.1 6,989.8 8,236.0 Other Income 8.1 12.2 50.4 35.2 44.7 23.9 Total Income from Operations 3,380.8 5,323.0 7,022.4 8,383.3 7,034.5 8,259.9 Total Expenditure 3,038.
Slide 9: Way Forward
WAY FORWARD Investor Presentation 8
Slide 10: Way Forward
WAY FORWARD Grow High-Potential Categories • AC segment has a strong order book for the upcoming season. Move Up the • Compressor production has Value Chain commenced and is running at >50% utilization, 3 months ahead of • VOEPL has launched its ODM Deepen Backward range in AC’s and has started sche
Slide 11: The Growth Algorithm (Strategic Priorities)
THE GROWTH ALGORITHM (STRATEGIC PRIORITIES) Multiple Growth Levers — Each Reinforcing the Others Capacity Utilization Non-AC Segment Customer Addition via ODM Backward Integration — Ramp Acceleration & New OEM Relationships Structural Margin Capture New facilities at Nashik Phase 2, Refrigeration, c
Slide 12: Capacity Expansion (Existing Products)
CAPACITY EXPANSION (EXISTING PRODUCTS) EMS Category (LED, PCBA, Controller, Remote) Air Conditioners (IDU & ODU Sets) Planned Capacity Expansion Current Capacity FY26 Current Capacity FY26 Planned Capacity Expansion Phase 1 Phase 2 4,00,000 cph 8,00,000 cph 12,00,000 cph 10,00,000 units 18,00,000 Un
Slide 13: Growth Drivers
GROWTH DRIVERS Strong Domestic Policy Push for Strong Blue-Chip Supportive Central & Demand: Localization: Customer Base: State Incentives: • India’s appliance market is expanding • Government incentives (PLI, state • VOEPL’s growth is driven by leading • Approval under the PLI Scheme for White rapi
Slide 14: Business Transition
BUSINESS TRANSITION Investor InvestorPresentation Presentation 13
Slide 15: From Single-Product Vendor to Integrated Multi-Vertical Platform
FROM SINGLE-PRODUCT VENDOR TO INTEGRATED MULTI-VERTICAL PLATFORM Evolved from a single-product, single-customer dominant AC manufacturer to a diversified, backward-integrated platform across multiple consumer durable categories. NOW — WHERE WE ARE GOING MULTI-PRODUCT PLATFORM ACROSS CONSUMER DURABLE
Slide 16: Expanding Beyond: Customer Diversification
EXPANDING BEYOND Expansion driven by ODM capability, new categories, and broader OEM base CUSTOMER DIVERSIFICATION — HOW IT IS BEING EXECUTED The Anchor Relationship — A Strength, Not Just a Risk 01 Anchor-led scale delivers planning visibility and market insight while strengthening credibility enab
Slide 17: Business Mix
BUSINESS MIX VIRTUOSO OPTOELECTRONICS LIMITED Virtuoso Compressor Virtuoso Polymers Private Virtuoso Optoelectronics Limited (VOEPL) Private Limited (VCPL) Limited (VPPL) Air Conditioners Components Washing Machine Refrigeration EMS Solutions Compressor Plastic & EPS (ACs) Started manufacturing unde
Slide 18: Revenue Mix in Transition
REVENUE MIX IN TRANSITION Strategic shift toward diversified revenue mix: non-AC segments contribute ~40% of revenue and carry structurally stronger revenue diversification and margin improvement. Revenue Segment Revenue Share (9M FY26) Growth Trajectory ~60% Air Conditioners (IDU + ODU) Steady; ODM
Slide 19: Company Profile
COMPANY PROFILE Investor Presentation 18
Slide 20: About Us
ABOUT US Virtuoso Optoelectronics Limited (VOEPL) was incorporated in 2015 at Nashik, India. The company started its operation with Electronic Manufacturing and then grew from strength to strength with the help and support of its customers, team and partners. Over the last few years VOEPL has establ
Slide 21: Managing Director
MANAGING DIRECTOR Sukrit Bharati A seasoned technocrat with 15+ years of experience, Sukrit Bharati brings a strong combination of engineering expertise and strategic leadership. He holds a Master of Science in Engineering Technology from BITS Pilani, along with management diplomas from Harvard Busi
Slide 22: Core Team
CORE TEAM Sajid Shaikh Pratik Kulkarni: Abhinav Chief Financial Officer (CFO) Nitin Shewale VP Business head-EMS Unit Executive Director Chief Operating Officer (COO) MBA with over 28 years of experience He has 24 years of experience in R. Abhinav, Executive Director, is a BITS across banking & fina
Slide 23: Our Milestones
OUR MILESTONES 2022 2023 2024-2025 2025-2026 • Listing on BSE with • Setup (Unit 3) for • Started new product: Water • Started commercial IPO fully copper tubing Dispenser & Commercial production of subscribed. systems. Refrigeration. compressor • Set up of (unit 6) • Setup (Unit 4) for • New facili
Slide 24: Our Presence
OUR PRESENCE Chennai Component Manufacturing (VPPL) 2 AC manufacturing (Indoor/outdoor) Sanand 1 Component Manufacturing (VPPL) Delhi Sales office 1 Delhi (1) Nashik Corporate office AC (Indoor/outdoor) Refrigeration 7 Compressor washing machine Water Dispenser Sanand (1) Nashik (7) Chennai (2) Inve
Slide 25: Manufacturing Units
MANUFACTURING UNITS AC Unit-1 AC Unit-2 EMS & LED Lighting Polymers Unit Compressor Unit Refrigeration Unit Washing machine unit Chennai AC Unit Investor Presentation 24
Slide 26: Testing Labs
TESTING LABS *Refrigeration Lab *EMS Lab *Compressor Lab *Air Conditioner Lab *Note- NABL accredited Investor Presentation 25
Slide 27: Finished Product Verticals
FINISHED PRODUCT VERTICALS Air Conditioner Refrigeration EMS Semi – Automatic Compressors Products Products Products Washing Machine Investor Presentation 26
Slide 28: Component Product Verticals
COMPONENT PRODUCT VERTICALS Controller Boards Sheet Metal Parts Heat Exchangers Wire Harnesses Copper Tubing Plastic Injection Molding Cross Flow Fan Remotes Investor Presentation 27
Slide 29: What Sets Us Apart
WHAT SETS US APART Investor Presentation 28
Slide 30: Building an Integrated Consumer Durables Platform
BUILDING AN INTEGRATED CONSUMER DURABLES PLATFORM Scale, integration, and diversification driving a sustainable, high-margin manufacturing model 01 Emerging as Leading Integrated manufacturer in India Operating across multiple consumer durable verticals, with a focus on deepening scale in each to es
Slide 31: Emerging Platform Comparable to Large EMS Players
EMERGING PLATFORM COMPARABLE TO LARGE EMS PLAYERS Dimension Large-Scale EMS / Durables Platforms Virtuoso Optoelectronics (VOEPL) Core Strategy Multi-product + backward integration + customer diversification Identical strategy — actively executing across all three dimensions Revenue Scale ₹5,000–15,
Slide 32: Why VOEPL?
WHY VOEPL? PLI Sanction -Govt. of India VOEPL received Rs. 100 Cr. sanction towards backward integration of White Goods (ACs) under PLI scheme out of a total of 26 companies. (Increased from Rs 50.50 Cr. in Round 3) Strong Backward Strong, Ambitious Support of Current Market Location Manufacturing I
Slide 33: Industry Overview
INDUSTRY OVERVIEW Investor Presentation 32
Slide 34: Industry Dynamics (1/2)
INDUSTRY DYNAMICS (1/2) AC Indian LED Penetration Market Signifying the huge 8% 30% potential for growth. India Globally Signifying the huge potential for growth. 4% 30% India Globally 9.5 - 10.0 Million units 70% Share of demand Per annum by volume. From the residential sector ▪ Organized sector do
Slide 35: Industry Dynamics (2/2)
INDUSTRY DYNAMICS (2/2) Indian Deep Water Dispenser Freezer Market Market Signifying the huge 4% 30% potential for growth. India Globally USD 474.82 Mn USD 3,234.23 Mn 2022 Forecast by 2031 Exhibiting a CAGR of 8.9% during 2023-2033 ▪ When compared globally - China generates the highest revenue in t
Slide 36: CSR Activity
CSR ACTIVITY At Virtuoso Optoelectronics Limited (VOEPL), we believe responsible manufacturing goes beyond products. Our CSR initiatives focus on supporting local communities, strengthening social infrastructure, and creating long-term positive impact around our manufacturing locations. Company has
Slide 37: Thank You!
THANK YOU! Virtuoso Optoelectronics Ltd KAPTIFY Consulting (VOEPL) Investor Relations / Consulting Office Address: 7 MIDC Area, Satpur, +91 845288 6099 Trimbak Road, Nasik – 422007 contact@kaptify.in www.voepl.com www.kaptify.in
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