Slide 1: Cover letter to NSE: investor presentation on financial results
June 02, 2026 Listing Department, National Stock Exchange of India Limited Exchange Plaza, 5th Floor, Bandra Kurla Complex, Mumbai-400051 Symbol: OSELDEVICE Dear Sir/ Madam, Sub: Investors' Presentation on Financial Results for the half and financial year ended 31st March, 2026. Pursuant to the prov
Slide 2: Osel Devices Limited
ÖSEL Osel Devices Limited A multi-vertical Indian electronics and medtech manufacturer — LED displays, hearing aids and Philips- branded mobile devices, built design-to-delivery. LED Displays Hearing Aids Mobile Phones ÖSEL DEVICES LIMITED Investor Presentation· FY26
Slide 3: Safe Harbour
DISCLAIMER Safe Harbour This presentation and the accompanying slides (the “Presentation”), which have been prepared by Osel Devices Limited (the “Company”), have been prepared solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or subscribe for
Slide 4: What this document covers
CONTENTS What this document covers 01 02 03 The Company Industry & Opportunity Strategy, Moats & Financials Overview, story, what we do, products, value Global and Indian markets for hearing aids, The growth strategy, structural moats, FY26 chain, structure, clients, leadership, LED displays and mob
Slide 5: The Company
PART ONE The Company Our vision: to become an integrated, forward-looking electronics group — not merely a manufacturer for others, but a brand- building, retail-capable, globally competitive platform. ÖSEL The Company
Slide 6: A technology manufacturer at the intersection of three industries
COMPANY OVERVIEW A technology manufacturer at the intersection of three industries Incorporated in 2006 and headquartered in Delhi, with operations in Greater Noida, OSEL has grown from a specialist LED display maker into an integrated electronics and medical-device enterprise — covering design, eng
Slide 7: Three verticals, one integrated platform
WHAT WE DO Three verticals, one integrated platform 01 — LED Displays 02 — Hearing Aids 03 — Mobile Phones & Accessories Display Technology Medical Devices Consumer Electronics Indoor, outdoor, transparent and custom One of India's few indigenous hearing-aid “Only” India licensee for Philips feature
Slide 8: A full display range, plus a software layer
PRODUCTS & OFFERINGS · LED DISPLAYS A full display range, plus a software layer WHERE IT IS USED Broadcasting Banking Education Healthcare Indoor LED Outdoor LED Retail Hospitality Religious Government Retail, corporate and banking Large-format advertising and Sports Entertainment environments. publ
Slide 9: Installations
PRODUCTS & OFFERINGS · LED DISPLAYS Installations ÖSEL The Company
Slide 10: A complete device range, across every form factor
PRODUCTS & OFFERINGS · HEARING AIDS A complete device range, across every form factor Digital Programmable BTE Rechargeable Behind-the-ear, for moderate-to- Programmable BTE severe loss. Smaller, more discreet form factor. CIC RIC Complete in the canal. Receiver-in-canal — most natural sound. Govern
Slide 11: A phased portfolio under a 150-year-old brand
PRODUCTS & OFFERINGS · PHILIPS MOBILE & ACCESSORIES A phased portfolio under a 150- year-old brand Phase 1 · 2025 Feature Phones E2102, E2103, E2112, E2221 — Type-C charging, digital cameras, wireless FM. Phase 2 · Commercialized in March 2026 Smartphones A premium, globally trusted brand — position
Slide 12: Three engines - and a fourth growth gear
BUSINESS MODEL Three engines - and a fourth growth gear Particulars Hearing Aids LED Displays Mobile Phones Current revenue mix ~42% ~41% ~17% Primary customers Government, private clinics, export Enterprise, banking, government Mass-market consumers (B2C) Growth driver Value mix & ASP upgrade Volum
Slide 13: Self-reliance through vertical integration
HOW WE DO IT Self-reliance through vertical integration OSEL has every step from concept to customer — the foundation of consistent quality, protected margins and a barrier competitors cannot shortcut. 01 02 03 04 05 06 Product Design Engineering & Component Manufacturing Quality Testing Install & S
Slide 14: Each vertical extends from the factory into a higher-value endpoint
HOW WE DO IT · BY PRODUCT Each vertical extends from the factory into a higher-value endpoint LED Displays Captures Design › Technology › Install › Service › CMS SaaS & Leasing recurring revenue Hearing Aids SFL Clinics & Captures clinic R&D › Manufacture › Certify & QA › Tenders / White-label › Aud
Slide 15: A group built for focused value creation
CORPORATE STRUCTURE A group built for focused value creation OSEL Devices Limited Listed parent company · LED Displays, Hearing Aids, Philips Mobile OSEL Healthcare Pvt. Ltd. SFL Hearing Solutions Pvt. Ltd. OSEL Industrial Park Private Proxima Leasing Pvt. Ltd. Wholly-owned subsidiary Limited Wholly
Slide 16: Trusted across government, enterprise and retail
CLIENTS Trusted across government, enterprise and retail Government & Defence Banking & Finance Media & Broadcasting Healthcare DRDO A leading national bank chain - both Doordarshan BR Ambedkar Hospital GST Office Private & Public DD News Centre for Sight ISRO India News City Hospital Assam IOCL Ind
Slide 17: A team built to scale across three verticals
LEADERSHIP & MANAGEMENT TEAM A team built to scale across three verticals CMD CFO CEO WTD Ravi Mishra Jyotsna Jawahar Dipankar Ghoshal Mukesh Sinha Chairman & Managing Director Whole-Time Director & CFO Chief Executive Officer Whole Time Director Visionary leader with 20+ years in technology-driven
Slide 18: A rare, hard-won certification stack
CERTIFICATIONS A rare, hard-won certification stack USFDA MD-5 · CDSCO ISO 13485 USFDA registered facility — the key to the Qualifying basis rigorous audit and checks Global quality standard for medical devices world's largest hearing-aid market. for manufacturing high precision medical — the prereq
Slide 19: Industry & Opportunity
PART TWO Industry & Opportunity How the global and Indian markets for all three verticals are placed — and the headroom OSEL is structured to capture. ÖSEL Industry & Opportunity
Slide 20: A consistently growing medtech segment
HEARING AIDS · GLOBAL MARKET A consistently growing medtech segment 2024 STRUCTURAL DRIVERS $9.74B Global market value 2030 (f) Ageing populations expanding the addressable base worldwide. MarketsandMarkets · 6.8% $14.42B CAGR Shift from functional devices to connected, AI-personalised health produc
Slide 21: The largest mismatch between need and treatment in healthcare
HEARING AIDS · INDIA The largest mismatch between need and treatment in healthcare 91M+ Indians with hearing loss $235M $376M India market, 2024 (IMARC) India market by 2033 (f) 700,000 Hearing aids sold per year 10% 7% Of users wear two, as clinically Of India's population affected <3% advised Trea
Slide 22: The audiologist shortage — a barrier, and an opportunity
HEARING AIDS · STRUCTURAL CONSTRAINT The audiologist shortage — a barrier, and an opportunity 1 : 500,000 1 : 10,000 Audiologist-to-population ratio in Global best-practice ratio India A severe shortage of audiologists restricts the market in theory — but for a vertically integrated player with in-h
Slide 23: The gap has four causes — OSEL addresses all four
HEARING AIDS · OSEL'S EDGE The gap has four causes — OSEL addresses all four Affordability Devices from accessible to premium, plus government-subsidised supply via ADIP. Access ➞ SFL brings testing, fitting and aftercare to underserved patients. ➞ A full-stack hearing-health platform No other India
Slide 24: The same device earns far more through a different channel
HEARING AIDS · ECONOMICS The same device earns far more through a different channel GOVERNMENT SUPPLY An identical OSEL hearing aid carries a very different ₹2,000–5,000 realised price depending on where it is sold. Realised price per device Manufacturing cost does not change — the channel does. The
Slide 25: Owning the chain from device to diagnosis
HEARING AIDS · FORWARD INTEGRATION Owning the chain from device to diagnosis Through SFL Hearing Solutions, OSEL captures the whole value chain — manufacturing, audiologist consultation, fitting and aftercare — the complete service that commands premium pricing and lasting customer relationships. ~4
Slide 26: A large market, shifting to fine-pitch and transparent
LED DISPLAYS · GLOBAL MARKET A large market, shifting to fine- pitch and transparent WHAT'S CHANGING 2025 $19.67B Asia-Pacific drives ~47–49% of global consumption. Global LED display market 2031 (f) Mordor Intelligence · 5.41% $26.98B Fine-pitch & micro-LED growing fastest (8%+ CAGR). CAGR Signage
Slide 27: One of the fastest-growing display markets in Asia-Pacific
LED DISPLAYS · INDIA MARKET One of the fastest-growing display markets in Asia-Pacific DEMAND DRIVERS $0.81B $1.30B Retail modernisation — LED replacing static hoardings. India LED market, 2024 (IMARC) India LED market by 2033 (f) Banking digital transformation across thousands of branches. 13.8% 47
Slide 28: A recurring-revenue layer inside a hardware business
LED DISPLAYS · OSEL'S EDGE A recurring-revenue layer inside a hardware business OSEL's proprietary CMS manages signage content remotely — hardware-agnostic, already live, billed monthly per location. It creates recurring revenue with no equivalent among domestic competitors, and a stickiness hardwar
Slide 29: Removing the capital barrier to adoption
LED DISPLAYS · PROXIMA LEASING Removing the capital barrier to adoption Many clients want LED at scale but resist the upfront capital. Through Proxima Leasing, OSEL offers ~2 yrs 7–8 yrs screens on an OPEX basis — converting a one-time To recover screen cost Residual revenue across through lease inc
Slide 30: The world's second-largest smartphone market
MOBILE · INDIA SMARTPHONE MARKET The world's second-largest smartphone market 2024 ~151–156M units India shipments The white space 2033 (f) An open middle in a crowded market 277M units IMARC · 6.6% CAGR India's mass-market smartphone segment is dominated by competing brands, with no established mul
Slide 31: A large feature-phone base, and a global recovery
MOBILE · FEATURE PHONES & GLOBAL CONTEXT A large feature-phone base, and a global recovery ~90M ₹10,000 Cr 1.22B $582B → India feature-phone units sold per Annual India feature-phone Global smartphone shipments, year market value 2024 (+7.1%) $1.2T Global mobile market, 2025 → 2035 (f) Feature phone
Slide 32: Strategy, Moats & Financials
PART THREE Strategy, Moats & Financials The growth strategy, the structural moats, and the FY26 financial performance. ÖSEL Strategy & Financials
Slide 33: Reinforcing pillars of growth
1 Forward integration 2 Mobile at volume Scale SFL clinics and capture Deepen the Philips portfolio GROWTH STRATEGY the full hearing-health value and grow distribution reach chain. nationwide. Reinforcing pillars of growth 3 LED & recurring SaaS Expand enterprise installs and 4 JNPA SEZ hub An expor
Slide 34: A year of broad-based growth
CONSOLIDATED · AS ON 31 MARCH 2026 A year of broad-based growth ₹292.7Cr Revenue from operations ₹53.3Cr EBITDA · 18.2% margin ₹29.2Cr Profit after tax · 10.0% margin +56.9% YoY +59.7% YoY +45.7% YoY ~42% Revenue Contribution% ~41% Revenue Contribution% ~17% Revenue Contribution% Hearing Aids LED Di
Slide 35: Statement of Profit & Loss
CONSOLIDATED · AS ON 31 MARCH 2026 Statement of Profit & Loss Numbers in lacs INR Particulars H2 FY26 H2 FY25 HoH % FY26 FY25 YoY % Net Sales 14,580.68 9,911.68 +47.1% 29,266.81 18,646.87 +56.9% Cost of goods sold 11,267.38 7,582.48 — 22,561.95 14,264.11 — Operating expenses 445.93 331.18 — 1,372.08
Slide 36: Statement of Assets & Liabilities
CONSOLIDATED · AS ON 31 MARCH 2026 Statement of Assets & Liabilities Equity & Liabilities · ₹ lacs Assets · ₹ lacs Particulars FY26 FY25 Particulars FY26 FY25 Equity share capital 1,769.46 1,612.92 Property, plant & equipment 2,755.94 1,743.75 Reserves & surplus 18,227.23 9,182.00 Capital work-in-pr
Slide 37: Statement of Cash Flows
CONSOLIDATED · AS ON 31 MARCH 2026 Statement of Cash Flows Numbers in lacs INR Particulars FY26 FY25 Profit before tax 4,422.41 2,896.30 Add: depreciation & finance cost 1,100.75 456.52 FY26 financing inflows funded an Working-capital & tax movement (7,795.23) (10,218.11) aggressive investing progra
Slide 38: Three large markets, all under-penetrated
THE BIG PICTURE Three large markets, all under- penetrated $14.42B $1.30B 277M Global hearing-aid market by 2030 — with <3% India LED market by 2033 — outdoor growing India smartphone units by 2033 — an open treated in India 13.8% a year MNC-brand middle OSEL is positioned in three growing markets w
Slide 39: Why OSEL is differently built
1 Dual-domain maker 2 Certification moat IN SUMMARY Medical devices and Licences that take electronics under one roof. competitors difficult to cross. Why OSEL is differently built 3 Recurring revenue 4 Forward integration CMS subscriptions and clinic Capturing the full hearing- A rare combination o
Slide 40: Thank You — Investor Relations Contact
THANK YOU ÖSEL DEVICES LIMITED www.oseldevices.com · cs@oseldevices.com Head Office: Signature Tower, Sector Knowledge Park-III, Greater Noida, UP Investor Relations Contact Palak Agarwal Palak@twentyeighthconsulting.com ÖSEL Thank you