Slide 1: Cover letter to stock exchanges
Divgi TorqTransfer Systems Limited Divgi TorqTransfer Systems CIN: L32201MH1964PLC013085 75, General Block, MIDC, Bhosari, Pune 411 026, India Tel: (+91-20) 63110110 Web: www.divgi-tts.com Ref.: DTTS/Sec/25-26/60 November 12, 2025 To, To, BSE Limited, National Stock Exchange of India Limited, Phiroz
Slide 2: Preparing for the Next Orbit
PREPARING FOR THE NEXT ORBIT Divgi TorqTransfer Systems Limited Investor Presentation - Q2 & H1FY26
Slide 3: Safe Harbor
Safe Harbor This presentation and the accompanying slides (the “Presentation”), which have been prepared by Divgi TorqTransfer Systems Limited (the “Company”), have been prepared solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or subscribe fo
Slide 4: Index
Index Sr. No. Contents Slide No. 1 Key Business Highlights 4 2 Q2 & H1FY26 Executive Summary 5 3 Key Focus Areas 6 4 Q2 & H1FY26 Highlights 7 - 16 5 Way Forward 17 - 23 6 About Divgi 24 - 33 7 Historical Financials 34 - 40 3
Slide 5: Key Business Highlights
Key Business Highlights Delivered the highest quarterly revenue in the Company’s history at Rs. 88.3 crore; H1FY26 revenue stands at Rs. 165.1 crore Presented state of the art products at the Mahindra Tech Day show Won nomination from prominent Japanese OEM for developing the transfer case its their
Slide 6: Q2 & H1FY26 Executive Summary
Q2 & H1FY26 Executive Summary Total Income EBITDA Net Profit H1FY26 INR 165.1 crores 39% YoY H1FY26 INR 41.1 crores 35% YoY H1FY26 INR 19.7 crores 43% YoY 33% YoY 37% YoY 49% YoY Q2FY26 INR 88.3 crores Q2FY26 INR 22.0 crores Q2FY26 INR 10.7 crores 15% QoQ 20% QoQ 15% QoQ Highest quarterly revenue on
Slide 7: Key Focus Areas
Key Focus Areas Other Focus Areas Key Products Revenue (Rs. In Crores) Focus Areas Automatic Transmission: 51% 48% • Domestic Growth: Collaborating with a leading Indian automotive • Working on feasibility for localization of 48% 45% 8-speed DCT, commercial quote 42% OEM on their upcoming platforms.
Slide 8: Revenue Walk – H1FY26
Revenue Walk – H1FY26 Total Income Transfer Case E-Gear Drive Components & Exports Rs. In Crores +42% +113% +7.9x -5% Other Income 82.0 13.8 13.2 47.9 26.4 Revenue from Operations 57.6 +39% 165.1 22.5 10.5 3.0 H1FY25 H1FY26 H1FY25 H1FY26 H1FY25 H1FY26 H1FY25 H1FY26 118.6 10.4 Other Business Geograph
Slide 9: Revenue Walk – Q2FY26
Revenue Walk – Q2FY26 Total Income Transfer Case E-Gear Drive Components & Exports Rs. In Crores +51% +1% +151% +5.6x Other Income Revenue from Operations 42.7 7.1 29.1 18.3 39.3 6.0 6.1 +49% 28.2 18.8 88.3 11.6 8.1 5.4 76.8 2.7 5.1 Q2FY25 Q1FY26 Q2FY26 Q2FY25 Q1FY26 Q2FY26 Q2FY25 Q1FY26 Q2FY26 Q2FY
Slide 10: Financial Snapshot - H1FY26
Financial Snapshot - H1FY26 Total Income (Rs. In Cr.) EBITDA (Rs. In Cr.) Profit After Tax (Rs. In Cr.) +39% +35% +43% 165.1 41.1 19.7 118.6 30.5 13.8 H1FY25 H1FY26 H1FY25 H1FY26 H1FY25 H1FY26 EBITDA (%) Profit After Tax (%) 25.7% 24.9% 11.6% 11.9% H1FY25 H1FY26 H1FY25 H1FY26 9
Slide 11: Financial Snapshot – Q2FY26
Financial Snapshot – Q2FY26 Total Income (Rs. In Cr.) EBITDA (Rs. In Cr.) Profit After Tax (Rs. In Cr.) +49% +33% +36% 88.3 22.0 10.7 76.8 19.1 8.9 16.6 7.8 59.2 Q2FY25 Q1FY26 Q2FY26 Q2FY25 Q1FY26 Q2FY26 Q2FY25 Q1FY26 Q2FY26 EBITDA (%) Profit After Tax (%) 28.0% 13.2% 24.9% 24.9% 11.6% 12.2% Q2FY25
Slide 12: Highlights from Management
Highlights from Management Strong Growth Momentum Continues in H1FY26: • Achieved the highest-ever quarterly revenue in Q2FY26, taking H1 revenue to Rs. 165.1 crore, reflecting a sustained growth trajectory • Growth driven by continued product development and focused marketing initiatives. • Key Gro
Slide 13: Highlights from Management – Business Outlook
Highlights from Management Business Outlook – Positioned for Sustained Growth • Transfer case: o Segment continues to perform well, supported by a strong and visible order book from existing OEMs o Secured contract with a leading Indian OEM, valued at Rs. 800+ crore in lifecycle revenue, to be execu
Slide 14: Profit & Loss Statement
Profit & Loss Statement Particulars (Rs. In Cr.) Q2FY26 Q2FY25 Y-o-Y Q1FY26 Q-o-Q H1FY26 H1FY25 Y-o-Y FY25 Revenue From Operations 83.0 54.0 71.7 154.6 108.2 218.9 Other Income 5.4 5.3 5.1 10.5 10.4 21.2 Total Income 88.3 59.2 49% 76.8 15% 165.1 118.6 39% 240.1 Raw Materials 32.4 21.6 28.5 60.9 45.1
Slide 15: Balance Sheet
Balance Sheet Particulars (Rs. In Cr.) Sept-25 Mar-25 Particulars (Rs In Cr.) Sept-25 Mar-25 Assets Equity & Liabilities Non-Current Assets Total Equity Property, plant and equipment 237.4 243.4 Equity Share Capital 15.3 15.3 Capital work-in-progress 14.5 1.6 Other Equity 592.8 581.5 Right-of-use as
Slide 16: Cashflow
Cashflow Particulars (Rs. In Cr.) Sept-25 Sept-24 Profit Before Tax 26.8 18.6 Adjustments for: Non -Cash Items / Other Investment or Financial Items 4.5 2.0 Operating profit before working capital changes 31.3 20.6 Changes in working capital -9.9 12.2 Cash generated from Operations 21.4 32.8 Direct
Slide 17: Publication of Research Paper – SAE International
Publication of Research Paper – SAE International About SAE – International SAE International is a global standards body and professional network driving innovation across mobility sectors, from automotive to aerospace with over 138,000 members worldwide Publication of Research Papers • Association
Slide 18: Way Forward
Way Forward Divgi-TTs
Slide 19: Near Term Growth Outlook
Near Term Growth Outlook EV Transmission* Component Business Core Product Portfolio • We expect ramp up in production • Focus on Exports • Transfer Case: Globalization of our with several models of one of • Strengthening relationships with portfolio, evaluate manufacturing India’s preeminent EV glob
Slide 20: Progress in Our EV Transmission Business
Progress in Our EV Transmission Business Sigma Prototype NVH Quality Report Development is currently underway, with manufacturing and SOP expected to commence from H2 FY26 NVH – Noise, Vibration & Harness 19
Slide 21: Long Term Growth Outlook
Long Term Growth Outlook EV Transmission* Export Business Core & Other Product Portfolio Annual Annual Annual Revenue Product: Revenue Product: Revenue Product: Potential: Potential: Potential: Manual Transfer Case & Transmission BEV System & Synchronizers ~INR 200 ~INR 1200 ~INR 250 Automatic Compo
Slide 22: Growth Strategy
Growth Strategy 4WD/AWD Products Electric Vehicle Powertrain Technology-Led Innovation Financial Discipline Pioneering Research Hawk-eye view to Fiscal Performance Manual Transmissions and Synchronizers Product & Application Diversity Manufacturing Excellence • RWD/ FWD Over 20 Years of manufacturin
Slide 23: Next Generation Transmission Products Update
Next Generation Transmission Products Update Automobile Industry Automobile Players DTTS Strategic Response & Intent • Dynamic market scenario • OEMs continuously working and adopting • Global mindset & versatility in execution innovative technologies (India, Japan, Korea, China, Thailand, • Changin
Slide 24: Dedicated Hybrid Transmission (DHT) - Simulation Results
Dedicated Hybrid Transmission (DHT) - Simulation Results Simulation Results Proposed Improvement in Engine Project Thermal Efficiency India OEM 1.2L Gasoline Engine Simulation using 1-speed DHT Customer Prominent Indian Automotive Player Basis Range (kmpl) Manual DHT ICE Transmission ICE (~38.1% the
Slide 25: About Divgi
About Divgi Divgi-TTs
Slide 26: Company Overview
Company Overview 1964 60+ 4 Our Valued Customers Incorporated Years of Manufacturing experience facilities Vision To be recognized as a world-class Indian brand in automotive drivetrain components and systems Strategies Product Leadership Total Income* EBITDA* PAT* • Technology-Led Innovation • Prod
Slide 27: Journey so far
Journey so far 1964 1995 2016 • Exit of BorgWarner through buy • Incorporated as Divgi Metalwares • Entered into a JV formation out of shares Private Limited agreement with BorgWarner • Investment by NRJN Family Trust 2017 2018 2019 2020 • Amalgamation of Divgi TorqTransfer • Investment by Oman Indi
Slide 28: Manufacturing Capabilities
Manufacturing Capabilities Area Located Sirsi, Uttara Kannada Dist., Shivare, Pune Dist., Bhosari, Pune, Maharashtra Shirwal, Satara Dist., Karnataka Maharashtra Maharashtra Year of Operations: 1984 1991 1996 2023 • EV Assembly • Components Precision Grinding and • Export Components Products: Honing
Slide 29: Product Portfolio
Product Portfolio Automatic/Dual Clutch RWD Applications Manual Transmissions Synchronizers EV Transmission Key Components Transmissions Category / Product ICE (4WD/AWD) ICE (Manual) ICE (Automatic) Hybrid BEV Torque Transfer Systems - - - - Manual Transmission - - - - Synchronizer Systems - - Autom
Slide 30: Product Application
Product Application 4WD/AWD Products Manual Transmissions and Synchronizers Electric Vehicle Transmission Next generation transmission products (Hybrid/Automatic) Representative Images 29
Slide 31: Marquee Customers
Marquee Customers Few clientele… 30+ 50+ 50+ 10+ 10+ 10+ Years of Years of Years of Years of Years of Years of relationship relationship relationship relationship relationship relationship MT Components, EV transmission, Transfer case Transfer Cases & EV Transmission Transfer Cases, Engine Timing Tr
Slide 32: Presence Across the World
Presence Across the World UK China Portugal Mark John Korea Intl. Comm. Operations USA Thailand Germany Mexico India Nam Jun Kim President & Country Head, South Korea Emerge as one of the fastest growing drivetrain solution companies in the world 31
Slide 33: Experienced Board Members
Experienced Board Members Our credible Board of Directors Praveen Kadle Chairman and Jitendra Divgi Managing Director Hirendra Divgi Executive Director Pradip Dubhashi Independent Director Independent Director Individuals of proven capability and integrity Bringing diverse competencies to the table
Slide 34: Strong Leadership Team
Strong Leadership Team Satvinder Singh Zubair Kachi Deepak Vani Prasanna Deshpande Chief Operating Officer & Nilesh Shukla Sabharwal Mktg., Sales & ABD Engineering & Product Mfg Engineering & Purchase Chief Growth Officer Development Advanced Tech. Jitendra Divgi Managing Director Gopal Dalvi Mark J
Slide 35: Historical Financials
Historical Financials 7 Divgi-tTs 34
Slide 36: P&L – Historical Chart
P&L – Historical Chart Total Income (Rs. In Cr.) EBITDA (Rs. In Cr.) Profit After Tax (Rs. In Cr.) 279 273 82 51 242 240 74 73 46 60 38 40 195 59 24 FY21 FY22 FY23 FY24 FY25 FY21 FY22 FY23 FY24 FY25 FY21 FY22 FY23 FY24 FY25 EBITDA (%) PAT (%) 31.0% 30.5% 29.5% 19.6% 19.1% 18.4% 26.6% 24.4% 14.6% 10.
Slide 37: Financial Ratios
Financial Ratios Fixed Assets Turnover Ratio (x) Working Capital (No. of Days) 1.39 1.30 1.16 62 days 66 days 69 days 87 days 96 days 0.97 0.63 98 99 84 85 FY21 FY22 FY23 FY24 FY25 76 65 61 62 60 62 Leverage ratios (x) & Net Debt (Rs. In Cr.) 58 49 46 44 42 (117.9) (133.1) (262.7) (225.1) (243.5) FY
Slide 38: Capex and Cash
Capex and Cash Return on Capital Employed (RoCE %)# Capital Expenditure and Cash Reserves 17.8% 18.3% IPO proceeds capex – Rs. 169.66 crores of which ~Rs. 79.20* crores already deployed 12.5% 9.3% 311 5.6% 285 264 FY21 FY22 FY23 FY24 FY25 173 159 Return on Invested Capital (RoIC %) 32.4% 33.4% 78 68
Slide 39: Historical P&L Statement
Historical P&L Statement Particulars (Rs. In Cr.) FY25 FY24 FY23 FY22 FY21 Revenue From Operations 218.9 253.4 271.0 233.8 186.6 Other Income 21.2 19.6 7.6 8.1 8.5 Total Income 240.1 273.0 278.7 241.9 195.1 Raw Materials 88.1 106.2 111.4 93.6 67.0 Gross Profit 152.0 166.8 167.3 148.2 128.1 Employee
Slide 40: Balance Sheet
Balance Sheet Particulars (Rs. In Cr.) Mar-25 Mar-24 Mar-23 Particulars (Rs In Cr.) Mar-25 Mar-24 Mar-23 Assets Equity & Liabilities Non-Current Assets Total Equity Property, plant and equipment 243.4 211.7 111.1 Equity Share Capital 15.3 15.3 15.3 Capital work-in-progress 1.6 25.4 80.9 Other Equity
Slide 41: Cashflow
Cashflow Particulars (Rs. In Cr.) Mar-25 Mar-24 Mar-23 Profit Before Tax 33.0 53.5 68.8 Adjustments for: Non -Cash Items / Other Investment or Financial Items 5.1 0.0 6.3 Operating profit before working capital changes 38.1 53.5 75.2 Changes in working capital 4.0 (6.7) (16.9) Cash generated from Op
Slide 42: Contact Information
Contact Information Company : Divgi TorqTransfer Systems Limited CIN: L32201MH1964PLC013085 Mr. Aniket Kokane PRODUCT LEADERSHIP E: companysecretary@divgi-tts.com T: +91 89566 65262 LIKE NO OTHER www.divgi-tts.com Investor Relations Advisor : Strategic Growth Advisors Pvt. Ltd. CIN: U74140MH2010PTC2