Bajaj Electricals Limited

rs,

May 23, 2023 To, BSE Limited Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai 400 001. National Stock Exchange of India Limited Exchange Plaza, Band

INR 5,429

on Stock Information and Dividend Update 1 2 3 4 5 4 FY’23 – Performance Overview Revenue INR 5,429 Cr Core FMEG* INR 4,889 Cr EPC INR 540 Cr 12.8% YoY 11.2% YoY 29.5% YoY EBIT INR 352 Cr High

INR 4,889

Dividend Update 1 2 3 4 5 4 FY’23 – Performance Overview Revenue INR 5,429 Cr Core FMEG* INR 4,889 Cr EPC INR 540 Cr 12.8% YoY 11.2% YoY 29.5% YoY EBIT INR 352 Cr Highest-ever PAT INR 216 Cr C

INR 540

2 3 4 5 4 FY’23 – Performance Overview Revenue INR 5,429 Cr Core FMEG* INR 4,889 Cr EPC INR 540 Cr 12.8% YoY 11.2% YoY 29.5% YoY EBIT INR 352 Cr Highest-ever PAT INR 216 Cr CFO INR 450 Cr 6

12.8%

4 FY’23 – Performance Overview Revenue INR 5,429 Cr Core FMEG* INR 4,889 Cr EPC INR 540 Cr 12.8% YoY 11.2% YoY 29.5% YoY EBIT INR 352 Cr Highest-ever PAT INR 216 Cr CFO INR 450 Cr 6.5% EBIT

11.2%

– Performance Overview Revenue INR 5,429 Cr Core FMEG* INR 4,889 Cr EPC INR 540 Cr 12.8% YoY 11.2% YoY 29.5% YoY EBIT INR 352 Cr Highest-ever PAT INR 216 Cr CFO INR 450 Cr 6.5% EBIT Margin 41.1

29.5%

ce Overview Revenue INR 5,429 Cr Core FMEG* INR 4,889 Cr EPC INR 540 Cr 12.8% YoY 11.2% YoY 29.5% YoY EBIT INR 352 Cr Highest-ever PAT INR 216 Cr CFO INR 450 Cr 6.5% EBIT Margin 41.1% YoY 4.0%

INR 352

venue INR 5,429 Cr Core FMEG* INR 4,889 Cr EPC INR 540 Cr 12.8% YoY 11.2% YoY 29.5% YoY EBIT INR 352 Cr Highest-ever PAT INR 216 Cr CFO INR 450 Cr 6.5% EBIT Margin 41.1% YoY 4.0% PAT Margin 73.8% Y

INR 216

* INR 4,889 Cr EPC INR 540 Cr 12.8% YoY 11.2% YoY 29.5% YoY EBIT INR 352 Cr Highest-ever PAT INR 216 Cr CFO INR 450 Cr 6.5% EBIT Margin 41.1% YoY 4.0% PAT Margin 73.8% YoY *Core FMEG comprises of C

INR 450

EPC INR 540 Cr 12.8% YoY 11.2% YoY 29.5% YoY EBIT INR 352 Cr Highest-ever PAT INR 216 Cr CFO INR 450 Cr 6.5% EBIT Margin 41.1% YoY 4.0% PAT Margin 73.8% YoY *Core FMEG comprises of Consumer Products

6.5%

Cr 12.8% YoY 11.2% YoY 29.5% YoY EBIT INR 352 Cr Highest-ever PAT INR 216 Cr CFO INR 450 Cr 6.5% EBIT Margin 41.1% YoY 4.0% PAT Margin 73.8% YoY *Core FMEG comprises of Consumer Products and Lig

41.1%

1.2% YoY 29.5% YoY EBIT INR 352 Cr Highest-ever PAT INR 216 Cr CFO INR 450 Cr 6.5% EBIT Margin 41.1% YoY 4.0% PAT Margin 73.8% YoY *Core FMEG comprises of Consumer Products and Lighting Solutions se

“Office: 45/47, Veer Nariman Road, Fort, Mumbai 400023 Corporate Office: Rustomjee Aspire, 7th Floor, Bhanu Shankar Yagnik Marg, Sion East, Mumbai 400022 Website: www.bajajelectricals.com”

Consumer Products Segment

1

Lighting Solutions

1

EPC Segment

1

Appliances

1

Fans

1

Receivables

1

Adjustments for

1

Capex

1

Cash Flow from Financing Activities

1

CRISIL ratings

1

Lighting Solutions

• Professional Lighting: Continues to scale up along with market share gains and posted a strong quarter • Consumer Lighting: Witnessed noticeable industry slowdown, which resulted in de-growth Q4 FY’23 Q4 FY’22 Q3 FY’23 EBIT (Cr) EBIT(%) EBIT (Cr) EBIT(%) EBIT (Cr) EBIT (%)

EPC Segment

65 23 1 93 6.6% 7.4% 0.3% 6.3% 45 28 (2) 66 5.0% 9.1% (1.7%) 78 17 1 7.5% 6.4% 0.4% 5.0% 100 6.7% • Revival on the course with increasing quarterly run-rate towards a viable business size with healthy order book *Includes other un-allocable income & expense 12 Segment Revenue Particulars Consumer Products Lighting Solutions EPC Segment Results Particulars Consumer Products Lighting Solutions EPC Total* Q4 FY’23 – Operational Highlights Category Growth (YoY): CP Segment Category Growth (YoY): CP Segment Commentary

Fans

Receivables (net of channel finance*) Particulars Consumer Products (CP) Lighting Solutions Power Distribution (PD) Power Transmission (PT) Total Mar’23 (in Cr) Mar’22 (in Cr) 389 163 136 298 986 155 171 486 245 1,057 * Applicable to Consumer Products and Lighting Solutions segment • Witnessed subdued demand amidst high channel inventory on account of transition to BEE norms and unseasonal rains

Receivables

• Reduction in receivables for PD by INR 350 Cr on YoY basis • CP receivables have increased on account of higher contribution from alternate channels 13 Cashflow Summary: Mar’23 INR Cr Commentary Particulars Profit Before Tax

Adjustments for

• Non-Cash items • (Increase) / Decrease in Working Capital • Taxes Paid Net Cash from Operating Activities (A) Capital Expenditure (net of sale proceeds) Surplus funds invested Interest received Net Cash (used in) /from investing activities (B) Proceeds from issues of shares (net of issue expenses) Proceeds/ (Repayment) of Borrowings Payment of Lease Liabilities Interest Paid Dividend Paid Net Cash (used in) /from financing activities (C) Net increase / (decrease) in Cash & Bank balances Opening Balance of Cash/Bank Balances Closing Balance of Cash/Bank Balances Cash Flow from Operating Activities (CFO) : • Positive CFO of INR 450 Cr contributed by operating profits and release of WC

Cash Flow from Financing Activities

• Debt and interest repaid to the tune of INR 91 Cr 303 126 43 (23) 450 (61) (35) 8 (88) 9 (45) (22) (46) (35) (139) 223 119 342 14 Cash Position Particulars As on Mar’23 As on Dec’22 As on Mar’22 (INR Crores) 342 70 412 - 412 192 188 380 3 377 119 24 143 45 98 1,907 1,850 1,705 Cash & Cash Equivalent Investment (surplus funds) Sub-Total Gross Debt Net Position Net Worth