Xpro India Limited · NSE:XPROINDIA
Xpro India — Q2 FY27 Earnings Presentation
49 slides from Xpro India's earnings presentation, Nov 4, 2026
Slide 1: Xpro India Limited – Investor Presentation Cover Letter
Xpro India Limited Birla Building (2nd Floor) 9/1 R.N. Mukherjee Road Kolkata 700 001, India. +91 (033) 4082 3700/2220 0600 ; xprocal@xproindia.com November 4, 2026 National Stock Exchange of India Ltd. BSE Limited “Exchange Plaza”, Corporate Relationship Department Bandra-Kurla Complex, 1st Floor,
Slide 2: Investor Presentation Q2-FY27 / H1 FY27
Investor Presentation Q2-FY27 / H1 FY27
Slide 3: Performance Overview
Performance Overview Q2 FY27 / FY27 FINANCIAL HIGHLIGHTS
Slide 4: Performance Overview (standalone)
Performance Overview (standalone) H1FY27 (Y-o-Y) Q2 FY27 (Y-o-Y) Highlights • Q2 results reflect higher volumes, a better product mix and Revenue Revenue the growing contribution of the expanded capacity, despite 32.6 % 47.4 % continued geopolitical uncertainty. Rs. 351.1 Crs Rs. 176.7 Crs • The die
Slide 5: Q2FY27 Financial Performance (Standalone)
Q2FY27 Financial Performance (Standalone) Revenues (Rs. Crs) *EBITDA (Rs. Crs) PAT (Rs. Crs) 174.4 176.7 16.4 9.8 9.5 15.3 119.9 10.7 5.9 Q2 FY26 Q1 FY27 Q2 FY27 Q2 FY26 Q1 FY27 Q2 FY27 Q2 FY26 Q1 FY27 Q2 FY27 EPS (in Rs.) *EBITDA Margin (%) PAT Margin (%) 4.2 9.3 5.6 5.4 4.1 8.9 8.8 4.9 2.5 Q2 FY26
Slide 6: H1FY27 Financial Performance (Standalone)
H1FY27 Financial Performance (Standalone) Revenues (Rs. Crs) EBITDA* (Rs. Crs) PAT (Rs. Crs) 351.1 31.7 19.3 264.8 25.0 10.2 H1 FY26 H1 FY27 H1 FY26 H1 FY27 H1 FY26 H1 FY27 Basic EPS (in Rs.) EBITDA Margin (%) PAT Margin (%) 8.2 9.5 9.0 5.5 3.8 4.5 H1 FY26 H1 FY27 H1 FY26 H1 FY27 H1 FY26 H1 FY27 Inv
Slide 7: Capital Disciplined Growth
Capital Disciplined Growth * Net Worth stands at Rs. 729.4 crores crores (Rs 715.5 crores previous year) RoCE (%) RoE (%) Net Debt to Equity (x) Net Debt Negative 15.7% 11.1% 7.4% *0.0 -0.1 -0.1 9.3% 7.2% 4.6% 5.3% 5.7% -0.5 FY 24 FY 25 FY26 H1FY27 FY 24 FY 25 FY26 H1 FY27 FY 24 FY 25 FY 26 H1 FY27
Slide 8: Q2 & H1FY27 Profit & Loss Statement (Standalone)
Q2 & H1FY27 Profit & Loss Statement (Standalone) Particulars (Rs. Crs) Q2 FY27 Q2 FY26 Y-o-Y Q1 FY27 Q-o-Q H1FY27 H1FY26 Y-o-Y Revenue from Operations 176.7 119.9 174.4 351.1 264.8 Total Revenue 176.7 119.9 47.4% 174.4 1.3% 351.1 264.8 32.6% Cost of Material Consumed 121.2 83.1 133.4 254.6 186.7 Cha
Slide 9: Balance Sheet (Standalone)
Balance Sheet (Standalone) EQUITY & LIABILITIES (Rs. Crs) Sept-26 Mar-26 ASSETS (Rs. Crs) Sept-27 Mar-26 Equity Share Capital 23.5 23.5 Property, Plant and Equipment 351.3 350.2 Other Equity 705.9 692.0 Right of Use of Assets 7.3 7.5 Capital Work-in-progress 2.3 0.2 Total Equity 729.4 715.5 Intangib
Slide 10: Abridged Cash Flow Statement (Standalone)
Abridged Cash Flow Statement (Standalone) Particulars (Rs in Cr) Sept-26 Sept-25 Profit before Tax 26.5 13.6 Operating profit before working capital changes 33.1 24.7 Changes in working capital (17.7) (8.6) Cash generated from operations 15.4 16.0 Direct taxes paid (net of refund) 4.2 (6.0) Net Cash
Slide 11: Q2 & H1FY27 Profit & Loss Statement (Consolidated)
Q2 & H1FY27 Profit & Loss Statement (Consolidated) Particulars (Rs. Crs) Q2 FY27 Q2 FY26 Y-o-Y Q1 FY27 Q-o-Q H1FY27 H1FY26 Y-o-Y Revenue from Operations 176.7 119.9 174.4 351.1 264.8 Total Revenue 176.7 119.9 47.4% 174.4 1.3% 351.1 264.8 32.6% Cost of Material Consumed 121.2 83.1 133.4 254.6 186.7 C
Slide 12: Balance Sheet (Consolidated)
Balance Sheet (Consolidated) EQUITY & LIABILITIES (Rs. Crs)1218.3 Sept-26 Mar-26 ASSETS (Rs. Crs) Sept-26 Mar-26 Equity Share Capital 23.5 23.5 Property, Plant and Equipment 351.3 350.2 Other Equity 751.0 736.2 Right of Use of Assets 44.3 38.6 Non - Controlling Interest 38.9 38.7 Capital Work-in-pro
Slide 13: Abridged Cash Flow Statement (Consolidated)
Abridged Cash Flow Statement (Consolidated) Particulars (Rs in Cr) Sept-26 Sept-25 Profit before Tax 22.0 3.0 Operating profit before working capital changes 32.4 24.2 Changes in working capital (15.7) (20.3) Cash generated from operations 16.7 4.0 Direct taxes paid (net of refund) (4.2) (6.0) Net C
Slide 14: Capital
Capital The paid-up Equity Capital of the Company stands at INR 23.47 Crores and Net Worth at INR 729.4 Crores. The balance sheet is intentionally lean: no long-term debt beyond supplier credits against machinery, modest working capital borrowings, and conservative deployment of liquidity. All the c
Slide 15: Historical Performance Overview
Historical Performance Overview HISTORICAL FINANCIAL HIGHLIGHTS
Slide 16: Standalone Historical Performance
Standalone Historical Performance Revenue (Rs. Crs) *EBITDA (Rs. Crs) PAT (Rs. Crs) 511.0 535.3 505.5 74.4 45.4 43.9 43.8 465.4 66.1 53.2 49.2 30.5 FY 23 FY 24 FY 25 FY26 FY 23 FY 24 FY 25 FY 26 FY 23 FY 24 FY 25 FY26 Basic EPS (in Rs) *EBITDA Margin (%) PAT Margin (%) 25.57 14.6% 14.2% 8.9% 9.4% 21
Slide 17: Historical Profit & Loss Statement (Consolidated)
Historical Profit & Loss Statement (Consolidated) Particulars (Rs. Crs) FY26 FY25 FY24 FY23 Revenue from Operations 505.5 535.3 465.4 511.0 Cost of Materials Consumed 350.0 386.5 317.2 347.0 Change in Inventories of finished goods, work-in-progress 1.0 (3.7) (1.7) 3.2 and stock-in-trade Gross Profit
Slide 18: Historical Balance Sheet (Consolidated)
Historical Balance Sheet (Consolidated) EQUITY & LIABILITIES (Rs. Crs) Mar-26 Mar-25 Mar-24 Mar-23 ASSETS (Rs. Crs) Mar-26 Mar-25 Mar-24 Mar-23 Equity Share Capital 23.5 22.3 22.0 18.2 Property, Plant and Equipment 350.2 142.3 142.4 150.8 Right of Use of Assets 38.6 344.5 8.6 9.1 Other Equity 736.2
Slide 19: Historical Cash Flow Statement (Consolidated)
Historical Cash Flow Statement (Consolidated) Particulars (Rs in Cr) Mar-26 Mar-25 Mar-24 Mar-23 Profit before Tax 30.3 52.2 60.2 59.2 Operating profit before working capital changes 50.3 55.0 67.8 75.9 Changes in working capital (18.9) (28.3) (15.1) 5.8 Cash generated from operations 31.4 26.6 52.7
Slide 20: Future Journey
Future Journey: ∙ India’s leading manufacturer of dielectric BOPP films, meeting about a third of domestic demand. The balance largely imported today, is a natural market for our expanded capacity. ∙ Capacitor’s are essential to how electricity is generated, transmitted, distributed and used – a mar
Slide 21: Future Journey (Contd.)
Future Journey (Contd.): Our preferred approach to increasing business value is by investing for organic growth. The Company intends to maintain a leadership position and increase market presence in its niche product areas, building on manufacturing assets and skills, development, marketing and expo
Slide 22: The Company
The Company An introduction…
Slide 23: Diversified Business Operating In Niche Segments
Diversified Business Operating In Niche Segments Xpro India Limited: Is a diversified multi-divisional, multi-locational business catering to multiple end user industry segments and enjoying a strong Brand Equity Has core competencies in the polymer processing and co-extrusion industry with technica
Slide 24: Diverse Product Range for Specialized Applications
Diverse Product Range for Specialized Applications Dielectric / Capacitor Films Speciality Biaxially Oriented Polypropylene Films Coextruded Plastic Sheets Thermoformed Liners Cast Coextruded Films Investor Presentation Q2-FY27 / H1Y27 23
Slide 25: Diversified End Use
Diversified End Use Essential application in high growth & sunrise sectors White Goods, EV & Hybrid vehicles … Investor Presentation Q2-FY27 / H1Y27 24
Slide 26: Multi Location
Multi Location Location (and No. of lines) Dielectric Films Coex Sheets Thermoformed Liners Coex Cast Films Biax Division ▪ Barjora, West Bengal 2 - - - Coex Division ▪ Greater Noida, Uttar Pradesh - 3 3 - ▪ Ranjangaon, Maharashtra - 4 4 2 Xpro Dielectric Films FZ-LLC ▪ Ras Al Khaimah, UAE 1* Namepl
Slide 27: Some of our Valued Partner Clients
Some of our Valued Partner Clients… • Impressive list of customers comprising leading Indian, and Transnational Companies • Xpro a key partner over many years • Customers recognise that Xpro builds in Quality and consistency • Xpro does not compromise in Safety, environment or regulatory requirement
Slide 28: Dielectric Films
Dielectric Films SIGNIFICANT DOMESTIC PRODUCER OF CAPACITOR/DIELECTRIC FILMS
Slide 29: Potential Uses of Biax Dielectric films
Potential Uses of Biax Dielectric films Capacitors for hybrid cars and EVs Application areas include ∙ Capacitors for use in Fan, Cooler, ∙ Microwave Oven Capacitors Washing Machine and Air ∙ Low Voltage industrial Power Conditioners Factor Correction Capacitors ∙ Power Transmission & Distribution ∙
Slide 30: Product Portfolio
Product Portfolio Dielectric Grade BOPP Film Dielectric / Capacitor Films • Specialty Biaxially Oriented BOPP Film – very different from packaging grade and other types of BOPP Films; • Xpro Biax Dielectric Films are specially designed polypropylene films manufactured by the stenter process on highl
Slide 31: Manufacturing Facilities
Manufacturing Facilities • Xpro is the leading producer of Capacitor/Dielectric Films; Barjora, West Bengal • BOPP films produced with main equipment from leading European machine builders; • Core Film technology originally sourced from U.K.; • Dielectric film technology developed in-house and is co
Slide 32: Dielectric Film Unit at a glance
Dielectric Film Unit at a glance Investor Presentation Q2-FY27 / H1Y27 31
Slide 33: Key Milestones – Dielectric Films / Specialised BOPP Films
Key Milestones – Dielectric Films / Specialised BOPP Films 1992 Barjora Established 2002 Metalliser 2003 Pithampur Acquired 2005-09 Pithampur (JV) 2011 Pithampur Merged (exit in 2018) 2015 Dedicated Dielectric Film Unit 2026 New Dielectric Film Unit in India Investor Presentation Q2-FY27 / H1Y27 32
Slide 34: Coextruded Sheets & Cast Films
Coextruded Sheets & Cast Films LEADERSHIP POSITION IN SUPPLIES OF SHEETS/LINERS TO REFRIGERATOR INDUSTRY
Slide 35: Product Portfolio - Coextruded Plastic Sheets
Product Portfolio - Coextruded Plastic Sheets Coextruded Plastic Sheets Multi-layer Co-extruded Sheets • Xpro offers a wide range of mono-layer and coextruded plastic sheets, produced on highly sophisticated equipment based on various thermoplastic resins (such as PS, PP, ABS, PE etc.) specially des
Slide 36: Product Portfolio – Sheet & Thermoformed Components
Product Portfolio – Sheet & Thermoformed Components Sheet Applications • XPRO have several fully automatic specialized lines for continuous vacuum forming for thickwall applications at the Greater Noida and Ranjangaon units; • Thermoforming plants specially designed for high production requirements
Slide 37: Product Portfolio - Cast Coextruded Films
Product Portfolio - Cast Coextruded Films Cast Coextruded Films Xpro Cast Films are produced on the most sophisticated multilayer coextrusion film lines. A wide range of speciality cast films are offered including Release Films Hygiene Films Stretch Wrap Film Soft Blister Film Polyethylene based emb
Slide 38: Manufacturing Facilities
Manufacturing Facilities Greater Noida, (Uttar Pradesh) Ranjangaon, Maharashtra • Xpro is the predominant player and leader in supplies of Sheet/liner to the Indian Refrigerator Industry; • The Ranjangaon and Greater Noida Units are engaged in the manufacture of Coextruded Multilayer Plastic Sheets
Slide 39: Coex Division at a glance
Coex Division at a glance Investor Presentation Q2-FY27 / H1Y27 38
Slide 40: Key Milestones – Coex Division
Key Milestones – Coex Division 1984 1985 1993 & 1996 2001 Sheets Cast Films Significant Significant (Faridabad) (Faridabad) expansion expansion (sheets) (cast films) 2003 2004 2008 2008 Thermoforming Sheets Sheets Thermoforming (Gr. Noida) (new unit (new unit (Ranjangaon) Gr. Noida) Ranjangaon) 2010
Slide 41: Well Recognised…..
Well Recognised….. A sample representation of awards and other recognition earned by the Company for vendor support, product development, quality and excellence Investor Presentation Q2-FY27 / H1Y27 40
Slide 42: Certification
Certification At Xpro, we firmly recognize that total customer satisfaction is the key to our success. Our aim is to build sound customer relationships through creation of value for them, and in the process earn an equitable return for ourselves. Quality is built into products through appropriate ma
Slide 43: Some of our continuing CSR Initiatives
Some of our continuing CSR Initiatives Support to “Future Hope”, Kolkata which provides Anandam, Ambattur, Tamil Nadu towards learning opportunity through its homes, school, sports and Bharat Sevashram Sangha, Kolkata towards running centre for children with specific learning difficulties medical pr
Slide 44: CSR & Dividend
CSR & Dividend CSR Contribution Dividend Distribution 465 469 123 441 413 109 68 48 2022-23 2023-24 2024-25 2025-26 2022-23 2023-24 2024-25 2025-26 Amount ( In INR Lacs) Amount ( In INR Lacs) • As a responsible manufacturing organisation, we take pride in our commitment to the community and believe
Slide 45: Board of Directors
Board of Directors Sri Sidharth Birla (Chairman) Sri K Balakrishnan (Independent Director) Entrepreneur with experience in industry and business of about 48 years, holds a B.Sc. (Hons.) from A qualified Chartered Accountant and Company Secretary with over four decades of professional University of C
Slide 46: Board of Directors
Board of Directors Ms. Nandini Khaitan (Independent Director) Sri Manoj Mohanka (Independent Director) Has wide experience ranging from exporting garments, pharmaceuticals, market research and raising A partner of Khaitan & Co., she has been recognized as the Economic Times 40 under 40 Business Lead
Slide 47: Board of Directors
Board of Directors Sri Gaurav J Shah (Independent Director) Sri C Bhaskar (Managing Director) A seasoned Chartered Accountant with over four decades of expertise in Audit & Assurance, Taxation and A Chemical Engineer and a post-graduate from IIM, Calcutta, with experience of over 46 years in Financi
Slide 48: Safe Harbor
Safe Harbor This presentation and the accompanying slides (the “Presentation”), which have been prepared by Xpro India Limited (the “Company”), have been prepared solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or subscribe for any securities
Slide 49: Contact – Xpro India Limited
Company Investor Relations Advisor Xpro India Limited MUFG Intime India Private Limited CIN: L25209WB1997PLC085972 Ms. Vidhi Vasa vidhi.vasa@in.mpms.mufg.com Mr. Kamal Kishor Sewoda xproindia kamal.sewoda@xproindia.com www.xproindia.com A part of MUFG Corporate Markets, a division of MUFG Pension &