Subros Limited · NSE:SUBROS
Subros — Q2 FY2026-27 Earnings Presentation
19 slides from Subros's earnings presentation, Nov 3, 2026
Slide 1: Exchange filing cover letter for investor presentation
SL/BSE/NSE/2026-27 November 3, 2026 The Manager, Dy. General Manager, Listing Department, Department of Corporate Services, National Stock Exchange of India Ltd., BSE LIMITED, ‘Exchange Plaza’ C-1 , Block G, First Floor, P.J. Towers, Bandra-Kurla Complex, Bandra (E), Dalal Street, Fort, Mumbai-400 0
Slide 2: Financial Results Quarter 2, FY 2026-27 Investor Presentation
Financial Results Quarter 2, FY 2026-27 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. Hisashi Takeuchi Mr. Akihiro Deguchi Mr. Tsunenobu Hori Dr. Jyotsna Suri Mr. Parmod K. Duggal Mr. Naohisa Kuriyama Chairperson & Managing Representative of Suzuki Representative of Alternate Director Director Executive Director & CEO Representative of Director Motor Co
Slide 6: SEC Team and OEC Team
SEC Team Ms. Shradha Suri Mr. Parmod K. Duggal Mr. A.K. Parashar Marwah ED & CEO EVP & COO Operations CMD OEC Team Mr. Harish Mr. Rahul Shalya Mr. Kuldeep Mr. Hemant Agarwal Mr. Ajay Agarwal Mr. S.S. Gill Mr. Surender Kumar AVP CQF & Service Sharma CFO & SVP Finance VP SCM VP Finance Narula SVP Oper
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 2026-27 v/s Q2 2025-26 (Rs. in Cr.) REVENUES 36.27% 1198.90 EBITDA 91.47 3.96% PBT 59.95 10.02% PAT 44.62 9.93% Q2 2026-27 v/s Q1 2026-27 REVENUES 1198.90 16.16% EBITDA 91.47 5.15% PBT 59.95 7.85% PAT 44.62 7.85% HY 2026-27 v/s HY 2025-26 REVENUES 26.90% 2231.01
Slide 10: Business Highlights (Q2 2026-27)
Business Highlights (Q2 2026-27) Q2 26-27 vs Q2 25-26 Q2 2026-27 Highlights PVRevenue Segmentgrowth Thermal business growth is 36.27% Highest everRevenue Highest ever Revenue reported reported for1198.90 for Rs. Rs. is 19% Cr. in Q2 26-27, growth 748 Cr. in quarter 4 is due to increased market deman
Slide 11: Financial Statement for the period ended 30.09.2026
Financial Statement for the period ended 30.09.2026 Rs. in Lakhs Quarter Ended Six Months Ended Year Ended PARTICULARS 30.09.2026 30.06.2026 30.09.2025 30.09.2026 30.09.2025 31.03.2026 Net Sales 1,19,374 1,02,747 87,662 2,22,120 1,75,172 3,74,205 Other Operating Income 516 464 321 981 636 1,347 Net
Slide 12: Revenue Growth
Revenue Growth Half-year and quarterly comparison All values in INR Crore SNAPSHOT H1’27 vs H1’26 +26.90% Key Points Q2’27 vs Q2’26 +36.26% Q2’27 vs Q1’27 +16.16% Revenue is higher due to : • Increase in volume 2,231.01 • Customer Provision for increased commodity prices, currency 1,758.08 movement,
Slide 13: EBITDA
EBITDA Half-year and quarterly comparison All values in SNAPSHOT (EBITDA absolute performance) SNAPSHOT ( % of Sales) INR Crore H1’27 vs H1’26 1.58% H1’27 vs H1’26 -2.00% Key Points : H1’27 vs H1’26 Q2’27 vs Q2’26 3.98% Q2’27 vs Q2’26 -2.38% Q2’27 vs Q1’27 5.17% Q2’27 vs Q1’27 -0.81% • The margins r
Slide 14: PBT
PBT Half-year and quarterly comparison All values in SNAPSHOT (PBT absolute performance) SNAPSHOT (PBT % of Sales) INR Crore H1’27 vs H1’26 6.08% H1’27 vs H1’26 -1.02% Key Points : H1’27 vs H1’26 Q2’27 vs Q2’26 10.04% Q2’27 vs Q2’26 -1.20% Q2’27 vs Q1’27 7.86% Q2’27 vs Q1’27 -0.39% • The margins rem
Slide 15: Key Indicators HY 2026-27 v/s HY 2025-26
Key Indicators HY 2026-27 v/s HY 2025-26 Rs. in Cr. Indicators HY 2025-26 HY 2026-27 Change Status Key Aspects: Revenue From Operation 1758.08 2231.01 472.93 • Revenue growth achieve through higher volumes and increase prices on account Other Income 25.20 13.56 -11.64 of commodity/currency movem
Slide 16: Key Indicators Q2 FY 2026-27 v/s Q2 FY 2025-26
Key Indicators Q2 FY 2026-27 v/s Q2 FY 2025-26 Rs. in Cr. Indicators Q2 FY 2025-26 Q2 FY 2026-27 Change Status Key Aspects: Revenue From Operation 879.83 1198.90 319.07 • Revenue growth achieve through higher volumes and increase prices on account Other Income 19.51 7.37 -12.14 of commodity/curr
Slide 17: Key Indicators Q2 FY 2026-27 v/s Q1 FY 2026-27
Key Indicators Q2 FY 2026-27 v/s Q1 FY 2026-27 Rs. in Cr. Indicators Q1 FY 2026-27 Q2 FY 2026-27 Change Status Key Aspects: Revenue From Operation 1032.11 1198.90 166.79 • Revenue growth achieve through higher volumes and increase prices Other Income 6.19 7.37 1.18 on account of commodity/curren
Slide 18: 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, Tractor) Mobility i.e. (BEV, SHEV, CNG etc.) Potential Karsanpura Plant Expansion for localisation of Electric Compress
Slide 19: Thank You
~ Thank You | Subres Cooling the Planet »N Subres