Banswara Syntex Limited

33%

on in these two segments is good. Yarn is showing some slackness in price, but we expect that with 33% of our yarn consumed for fabric and garment the overall impact even with reduced prices of yarn wo

13.9%

escalation causes a huge downturn. 4 Q2 & H1FY23 Highlights Total Income* EBITDA PBDT PAT +13.9% 408 358 312 +10.5% 51 47 +12.1% 44 39 +84.3% 35 +30.8% 35 +48.6% 29 +51.9% 12 19

10.5%

ge downturn. 4 Q2 & H1FY23 Highlights Total Income* EBITDA PBDT PAT +13.9% 408 358 312 +10.5% 51 47 +12.1% 44 39 +84.3% 35 +30.8% 35 +48.6% 29 +51.9% 12 19 +199.1% Q2FY22 Q1FY2

12.1%

Q2 & H1FY23 Highlights Total Income* EBITDA PBDT PAT +13.9% 408 358 312 +10.5% 51 47 +12.1% 44 39 +84.3% 35 +30.8% 35 +48.6% 29 +51.9% 12 19 +199.1% Q2FY22 Q1FY23 Q2FY23 Q2FY2

84.3%

ghlights Total Income* EBITDA PBDT PAT +13.9% 408 358 312 +10.5% 51 47 +12.1% 44 39 +84.3% 35 +30.8% 35 +48.6% 29 +51.9% 12 19 +199.1% Q2FY22 Q1FY23 Q2FY23 Q2FY22 Q1FY23 Q2FY2

30.8%

tal Income* EBITDA PBDT PAT +13.9% 408 358 312 +10.5% 51 47 +12.1% 44 39 +84.3% 35 +30.8% 35 +48.6% 29 +51.9% 12 19 +199.1% Q2FY22 Q1FY23 Q2FY23 Q2FY22 Q1FY23 Q2FY23 Q2FY22 Q

48.6%

EBITDA PBDT PAT +13.9% 408 358 312 +10.5% 51 47 +12.1% 44 39 +84.3% 35 +30.8% 35 +48.6% 29 +51.9% 12 19 +199.1% Q2FY22 Q1FY23 Q2FY23 Q2FY22 Q1FY23 Q2FY23 Q2FY22 Q1FY23 Q2FY2

51.9%

T PAT +13.9% 408 358 312 +10.5% 51 47 +12.1% 44 39 +84.3% 35 +30.8% 35 +48.6% 29 +51.9% 12 19 +199.1% Q2FY22 Q1FY23 Q2FY23 Q2FY22 Q1FY23 Q2FY23 Q2FY22 Q1FY23 Q2FY23 Q2FY22 Q

199.1%

408 358 312 +10.5% 51 47 +12.1% 44 39 +84.3% 35 +30.8% 35 +48.6% 29 +51.9% 12 19 +199.1% Q2FY22 Q1FY23 Q2FY23 Q2FY22 Q1FY23 Q2FY23 Q2FY22 Q1FY23 Q2FY23 Q2FY22 Q1FY23 Q2FY23 To

45.7%

23 Q2FY23 Q2FY22 Q1FY23 Q2FY23 Q2FY22 Q1FY23 Q2FY23 Q2FY22 Q1FY23 Q2FY23 Total Income* +45.7% 766 526 EBITDA +80.6% PBDT +94.8% PAT +260.1% 98 83 54 54 42 15 H1FY22 H1FY23 H1FY

80.6%

Q2FY23 Q2FY22 Q1FY23 Q2FY23 Q2FY22 Q1FY23 Q2FY23 Total Income* +45.7% 766 526 EBITDA +80.6% PBDT +94.8% PAT +260.1% 98 83 54 54 42 15 H1FY22 H1FY23 H1FY22 H1FY23 H1FY22 H1FY23

94.8%

22 Q1FY23 Q2FY23 Q2FY22 Q1FY23 Q2FY23 Total Income* +45.7% 766 526 EBITDA +80.6% PBDT +94.8% PAT +260.1% 98 83 54 54 42 15 H1FY22 H1FY23 H1FY22 H1FY23 H1FY22 H1FY23 H1FY22 H1FY

“The implementation of the Solar Power project has helped in moderating the higher coal costs by Rs 1.66 Crore”

“TARGET EXPORT MARKETS Acquisition of new customers in the export Markets.”

Employee Cost

1

Power Cost

1

Finance Cost

1

Investor Relations Advisors

1

Employee Cost

Revenue from Operations 406.5 307.0 1.5 5.1 355.5 2.7 762.0 519.2 4.2 6.7 1189.8 17.0 408.0 312.0 30.8% 358.1 13.9% 766.1 525.9 45.7% 1206.7 Other Income Total Income Total Expenditure 146.4 66.3 52.0 46.9 321.7 230.8 140.9 103.0 106.2 99.3 64.2 73.6 526.9 220.9 159.6 163.4 Raw materials Cost 175.3 144.6 Employee Expense Power & Fuel Other Expenses EBIDTA Margin % Depreciation Finance Cost Exceptional Item (Gain) / Loss PBT Tax PAT PAT Margin % EPS (Rs) 56.1 35.1 41.5 5.9 1.7 10.5 10.8 74.6 54.2 52.4 51.4 7.8 0.0 33.2 -1.9 35.1 34.6 48.7% 46.5 10.6% 97.9 54.2 80.6% 136.0 12.6% 11.1% 13.0% 12.8% 10.3% 11.3% 9.9 7.6 -0.4 20.3 15.4 -0.4 21.7 11.8 1.5 41.9 24.8 -2.7 16.2 104.7% 29.4 12.8% 62.6 19.2 225.4% 72.0 7.9 10.4 8.4 7.2 25.3 11.7 199.1% 19.059 84.3% 54.2 15.0 260.1% 46.8 8.6% 3.8% 5.3% 7.1% 2.9% 3.9% 10.3 3.4 199.1% 5.6 84.5% 15.8 4.4 259.5% 27.3   During Q2FY23, employee cost has marginally risen by 0.37% on account of additional wages payable in the labour-intensive Garment divi

Power Cost

   The company has incurred a lower cost of 54.2 Crores (12.93% of Production value) vis-a- vis 52 Crores (13.67% of Production value) in the previous quarter The moderation of 0.75% during the current quarter is due to the following reasons: ▪ Reduction in Coal consumption cost by ~2% ▪ Increase in Turnover of Garments by 26 Crores-The power and fuel costs required are significantly lower at Garments than Yarn and Fabric division (1.25%- 1.5% vs 10%-12% of production value), thereby bring down the company average For H1FY23, the costs have increased by 1.15% majorly due to the significant upsides witnessed in the Coal prices. The implementation of the Solar Power project has helped in moderating the higher coal costs by Rs 1.66 Crore

Finance Cost

 Despite significant increase in the Working capital, the Finance cost of the company has reduced by 0.13% as compared to the previous quarter. This is majorly due to the following reasons: ▪ Decreased cost of borrowing post receipt of reduced ROI from all bank ▪ ▪ Timely and effective usage of low cost EPC facilities and WCDL’s Stoppage of high-cost discounting done from Garment Debtors *Production Value 419.3 295.2 380.5 799.9 529.8 1226.5 9 Standalone Balance Sheet Asset (Rs. in Crs) Non-current assets Property, Plant & Equipment Right of use assets Capital Work in progress Intangible assets Intangible Assets under development Financial Assets Investments Loans Others Other non current assets Current assets Inventories Financial Assets Investments Trade receivables Cash & cash Equivalent Other bank balance Loans Other financial assets Other current assets Total Assets Sep-22 396.1 311.7 Mar-22 377.1 306.4 5.5 42.2 2.0 0.1 4.7 - 5.1 25.0 679.9 330.0 0.0 240.8 8.8 26.4 1.6 9.2 63.1 5

Investor Relations Advisors

Banswara Syntex Limited Strategic Growth Advisors Pvt. Ltd. CIN: L24302RJ1976PLC001684 CIN: U74140MH2010PTC204285 Mr. Pankaj Gharat Mr. Rahul Agarwal / Ms. Brinkle Shah Jariwala pankajgharat@banswarasyntex.com rahul.agarwal@sgapl.net / Brinkle.shah@sgapl.net www.banswarasyntex.com www.sgapl.net +91 98214 38864 / +91 9619385544 39