Power & Instrumentation (Gujarat) Limited

120%

han Pillai Managing Director We are pleased to report a remarkable performance in Q3 FY25, with a 120% increase in revenue and a 278% surge in net profit. This strong growth trajectory reaffirms our c

278%

e are pleased to report a remarkable performance in Q3 FY25, with a 120% increase in revenue and a 278% surge in net profit. This strong growth trajectory reaffirms our commitment to scaling new heights

60%

nd strengthen our presence in the sector. Furthermore, our plan to increase our stake in PECL to 60% will enable us to leverage its Siemens-certified expertise, enhance our manufacturing capabilitie

13.09%

7 0.78 34.14 27.45 1.06 1.17 29.68 4.47 15.13 0.37 15.50 10.17 0.90 2.23 13.31 2.19 13.09% 14.12% 13.09% 14.12% 0.56 0.06 3.85 0.97 2.88 3.12 9.14% 1.94 0.98 0.05 1.16 0.34 0

14.12%

34.14 27.45 1.06 1.17 29.68 4.47 15.13 0.37 15.50 10.17 0.90 2.23 13.31 2.19 13.09% 14.12% 13.09% 14.12% 0.56 0.06 3.85 0.97 2.88 3.12 9.14% 1.94 0.98 0.05 1.16 0.34 0.82 0.8

9.14%

10.17 0.90 2.23 13.31 2.19 13.09% 14.12% 13.09% 14.12% 0.56 0.06 3.85 0.97 2.88 3.12 9.14% 1.94 0.98 0.05 1.16 0.34 0.82 0.83 5.33% 0.65 0.56 0.06 3.85 0.97 2.88 2.88 8.43%

5.33%

3.09% 14.12% 0.56 0.06 3.85 0.97 2.88 3.12 9.14% 1.94 0.98 0.05 1.16 0.34 0.82 0.83 5.33% 0.65 0.56 0.06 3.85 0.97 2.88 2.88 8.43% 1.79 0.98 0.05 1.16 0.34 0.82 0.82 5.30%

8.43%

9.14% 1.94 0.98 0.05 1.16 0.34 0.82 0.83 5.33% 0.65 0.56 0.06 3.85 0.97 2.88 2.88 8.43% 1.79 0.98 0.05 1.16 0.34 0.82 0.82 5.30% 0.65 6 9M FY25 Consolidated Financials Highligh

5.30%

5.33% 0.65 0.56 0.06 3.85 0.97 2.88 2.88 8.43% 1.79 0.98 0.05 1.16 0.34 0.82 0.82 5.30% 0.65 6 9M FY25 Consolidated Financials Highlights Total Revenue EBITDA EBITDA Margin Net Pro

12.22%

M FY25 9M FY24 9M FY25 9M FY24 In ₹ Cr 113.76 2.13 115.89 93.34 2.80 5.59 101.73 14.16 12.22% 2.43 0.18 11.55 2.91 8.64 8.95 7.72% 5.57 61.42 0.70 62.11 47.65 2.58 4.29 54.51 7.

7.72%

13.76 2.13 115.89 93.34 2.80 5.59 101.73 14.16 12.22% 2.43 0.18 11.55 2.91 8.64 8.95 7.72% 5.57 61.42 0.70 62.11 47.65 2.58 4.29 54.51 7.60 12.24% 3.09 0.17 4.34 1.12 3.21 3.

12.24%

43 0.18 11.55 2.91 8.64 8.95 7.72% 5.57 61.42 0.70 62.11 47.65 2.58 4.29 54.51 7.60 12.24% 3.09 0.17 4.34 1.12 3.21 3.22 5.18% 2.55 113.76 2.13 115.89 93.34 2.80 5.59 101.73

“2024 Secured Work from A2 Green Energy Private Limited Order worth INR 17.07 Cr (Including taxes) for 5 MW (AC) Solar Power Project at Latur District, Maharashtra.”

“23 Recently Received Project New Work Order Worth ₹17.07 Cr Solar Power Project in Maharashtra Client A2 Green Energy Private Limited (formerly Hydel Consultants Pvt.”

“o Installed renewable power generation capacity has increased at a fast pace over the past few years, posting a CAGR of 15.32% between FY16 and FY24.”

“Electricity Generation from RES (Billion Units) 216 204 171 147 138 127 102 82 66 o As of April 2024, 43.28% of the total power installed capacity is from non-fossil-based sources, which fulfils the target of 40% by the end of 2022.”

“This ambitious target will also provide investment opportunities worth US$ 221 billion by 2030.”

“03 Strengthening Execution and Operational Expansion PIGL is enhancing its execution capabilities to support scalable growth, focusing on operational efficiency and project delivery.”

“04 Investment in R&D for Future Products PIGL is investing in R&D to launch new products by FY25-26, ensuring it remains at the forefront of innovation in the energy sector.”

“05 Strategic Acquisition of Peaton Electrical Company The acquisition of Peaton Electrical will expand PIGL’s footprint in the electrical market, adding capabilities in manufacturing of electrical panels, compact sub-stations & new products.”

Limited Entity

1

Some of the notable projects are

1

Strong Revenue Growth Forecast

1

Diversification into Renewable Energy

1

Acquisition

1

Limited Entity

Power & Instrumentation (Gujarat) Limited 2009 Secured a significant Contract, for the development of a Substation at Sardar Vallabhbhai International Airport, Ahmedabad, Adani Group. 2024 Secured Work from A2 Green Energy Private Limited Order worth INR 17.07 Cr (Including taxes) for 5 MW (AC) Solar Power Project at Latur District, Maharashtra. 2025 2021 100+ Staffs | 300+ Projects | Over ₹1500+ Cr in past 4 Decades Received single order value of ₹ 120 Cr under RDSS Scheme from AVVNL & migrated to main board 2023 Listed in Stock Exchange Emerge Platform 2018 Received single order of 50 Cr + (Ajmer Vidyut Vitran Nigam Ltd.) 2014 Successfully commissioned Single Order of 20 Cr for Airport Authority of India 15 Business Overview 16 A Strong Industry Presence SERVICE AREAS Semi Govt. & Public Sector Undertaking Central Govt. Organizations Telecom Companies Leisures Hospitals Industries & Companies Architect & Consultants State Government “A” Class Electrical Contractor registration in mor

Some of the notable projects are

Projects Substation Development Project at Sardar Vallabhbhai International Airport, Ahmedabad Construction of new International Terminal Building at Ahmedabad Airport Substation Equipment's Locations Ahmedabad Ahmedabad Aurangabad SITC of Substation Equipment & DG Sets at Biju Patnaik airport, Bhuvneshwar Bhubaneshwar SITC of Substation Equipment & DG Sets at Tirupati Airport Tirupati Geographical Footprint of PIGL's Airport Projects Srinagar Jammu Amritsar Guwahati Varanasi Imphal Ahmedabad Bhopal Surat Aurangabad Mumbai Bhubaneshwar Expansion & Modification of Terminal Building at CA Jammu Jammu Goa Construction of New ATC Tower and Technical Block at LBSI Airport Varanasi. SH: Provisioning of Substation Equipment & D.G. Sets etc. Varanasi Tirupati Calicut Trivandrum 21 Order Book Current Contracts & Progress Work on hand as on date Value of contracts Cost of Work Executed Remaining Value of Work as on date ₹ 316.01 Cr ₹ 116.98 Cr ₹ 199.02 Cr These contracts include direct contracts

Strong Revenue Growth Forecast

By 2025, PIGL aims to qualify for larger orders valued at ₹300-350 Cr, enhancing its market opportunities and revenue potential. The company is scaling up operations to strengthen its market position, with plans to sustain growth through operational excellence. PIGL anticipates a 50% year-on-year revenue growth, driven by market expansion and improved execution.

Diversification into Renewable Energy

The company its execution is enhancing capacity now to enable future operational expansion. PIGL is entering the solar EPC and BESS markets, tapping into the growing demand for renewable and storage solutions. Market Strengthening through

Acquisition

The acquisition of Peaton Electrical expands PIGL's capabilities in manufacturing of electrical panels and compact substations, boosting its market presence. 43 Power & Instrumentation (Gujarat) Limited B-1104, Sankalp Iconic, Opp. Vikram Nagar, Iscon Temple Cross Road, S. G. Highway, Ahmedabad – 380054 E-mail: admin@grouppower.org Phone: +91-79-40031612 Website: power-instrumentation.grouppower.org/ power-instrumentation.grouppower.org/ admin@grouppower.org Kirin Advisors Private Limited 713-B, Lodha Supremus II, Wagle Estate, Thane West – 400 604 E-mail: info@kirinadvisors.com Phone: 022 4100 2455 Website: www.kirinadvisors.com info@kirinadvisors.com www.kirinadvisors.com Thank You 44