SHARDAMOTRNSE12 November 2025

Sharda Motor Industries Limited has informed the Exchange about Investor Presentation

Sharda Motor Industries Limited

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SMIL: LISTING/25-26/1211/01

November 12, 2025

BSE Limited

National Stock Exchange of India Limited

Department of Corporate Services

Exchange Plaza, 5th Floor

Pheroze Jeejeebhoy Towers

Plot No. C/1, G Block

Dalal Street, Mumbai - 400 001

Bandra - Kurla Complex, Mumbai - 400 051

(SCRIP CODE - 535602)

(Symbol - SHARDAMOTR) (Series - EQ)

Sub: Announcement under regulation 30 of SEBI (Listing Obligations and Disclosure

Requirement) Regulations, 2015

Ref: Submission of Investors Presentation on the Operational & financial performance for quarter ended September 30, 2025

Dear Sir / Madam,

Please find enclosed Investor Presentation with regard to the announcement of the unaudited Financial

Results (Standalone and Consolidated) of the Company for the quarter ended September 30, 2025.

The said presentation is available on the website of the Company i.e. www.shardamotor.com

This is for your information and records please.

Thanking You,

Your’s Faithfully

Iti Goyal

Asst. Company Secretary and Compliance Officer

Encl. as above

InvestorPresentation

NOVEMBER 2025

www.shardamotor.com

Safe Harbour

This presentation and the accompanying slides (the “Presentation”) have been prepared by Sharda Motor Industries Limited (the “Company”), solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or subscribe for any securities, and shall not form the basis or be relied on in connection with any contract or binding commitment whatsoever. No offering of securities of the Company will be made except by means of a statutory offering document containing detailed information about the Company.

This Presentation has been prepared by the Company based on information and data which the Company considers reliable, but the Company makes no representation or warranty, express or implied, whatsoever, and no reliance shall be placed on, the truth, accuracy, completeness, fairness and reasonableness of the contents of this Presentation. This Presentation may not be all-inclusive and may not contain all of the information that you may consider material. Any liability in respect of the contents of, or any omission from, this Presentation is expressly excluded.

Certain matters discussed in this Presentation may contain statements regarding the Company’s market opportunity and business prospects that are individually and collectively forward-looking statements. Such forward-looking statements are not guarantees of future performance and are subject to known and unknown risks, uncertainties ,and assumptions that are difficult to predict. These risks and uncertainties include, but are not limited to, the performance of the Indian economy and of the economies of various international markets, the performance of the industry in India and world-wide competition, the company’s ability to successfully implement its strategy, the Company’s future levels of growth and expansion, technological implementation, changes and advancements, changes in revenue, income or cash flows, the Company’s market preferences and its exposure to market risks as well as other risks. The Company’s actual results, levels of activity, performance or achievements could differ materially and adversely from results expressed in or implied by this Presentation. The Company assumes no obligation to update any forward-looking information contained in this Presentation. Any forward-looking statements and projections made by third parties included in this Presentation are not adopted by the Company and the Company is not responsible for such third-party statements and projections.

Contents 0 5 1. Company Overview

2. Emission Control Vertical

3. Lightweighting Vertical

4. Global Business Vertical

5. Board & Management Details

6. Financials and CSR

Company Overview

Company Overview 0 5

Head office in Delhi, India

1000+ On-Roll Employees

Q2FY26 Revenue: ₹ 7,872 million (~90 Mn$ )

Q2FY26 EBITDA: ₹ 1,010 million (~11.5 Mn$ )

Business Verticals

08 Manufacturing Facilities

Emission Control Lightweighting Global Business Supply Chain Management

~30% value Market share for PV & LCV Exhaust System

~12.5% value Market Share for PV & LCV Control Arms

Chennai – 2, Pune – 3, Nashik – 2, Sanand - 1

Strategic Collaborations

Segments Served

Passenger Vehicles

Commercial Vehicles

Tractor & CEV

Genset

Leading Industry Certifications IATF 16949:2016 ISO 14001:2015 ISO 45001 :2018

1 R&D Centre in Chennai

Patents Granted:

1 Design & Development Centre Namyang, South Korea

125+ R&D Manpower

Filed 16 patents 3 patents granted over last 3 years

Sharda Motor | The journey so far 0 5

1986

Inception of Sharda Motor Industries

1987

IPO & Listing at Delhi Stock Exchange

1994 Launch of 1ˢᵗ large scale production unit & entry into Trim business

1998

Foray into Exhaust Systems business with the Chennai unit

2002

Ventured into Suspension assembly business & established R&D unit for exhaust system

2007 Investment in Backward Integration (MWC Plant)

2020

BS 6 Products SOP

2019

Joint Venture with Purem Germany

2016

Entry into Tractor emission system

2013

1st Inhouse development of Cold End & Hot End system

2010

Established R&D for Emission Control Systems

2020

2023

2024

Approval for Scheme of arrangements with NDR Auto Component Limited

BS6 RDE SOP & TREM IV Products

Set up Plant - II at Chakan

Establishment of Global Business Vertical & 3 Patents Granted

2025

Establishment of Lightweighting Vertical & Setting up Plant - III at Chakan

Sharda Motor | Product Portfolio

Soft-top Canopies

Independent Front Suspension Assembly

Emission Control Systems

Upper & Lower Control Arm

Front Axle Assembly

Strategically located best-in-class manufacturing facilities

State-of-the-art manufacturing facilities located at the heart of India’s automotive clusters

Corporate Office

Manufacturing facility

R&DFacility

Sanand

● Exhaust System

Nashik

2 facilities ● Exhaust Systems ● Roof Systems ● Suspension Assembly

Chakan

3 facilities(incl. new facility)

● Exhaust Systems ● Suspension Assembly

Delhi

● Corporate Office

Chennai

2 facilities ● Exhaust System ● Tube Mills

R&DFacility

Overview | Emission Control Vertical

From an idea to its manufacturing, Sharda Motor leads the market in this category

~30% Value Market Share in India for the passenger vehicle & Light Commercial Vehicle segment.

Comprehensive Customer Base: Catering to both domestic and international markets.

Serving Multiple Segments & OEMs: Collaborating with multiple OEMs in PV, CV and Off-road segments.

In-house Stamping Capabilities: Operating 3 stamping plants for critical components.

Global Collaboration: Joint venture with Purem* (formerly Eberspächer).

Advanced Tube Mills: 2 mills producing stainless steel and aluminized steel tubes for exhaust systems.

Strong R&D capabilities: In-house design and testing capabilities for exhaust systems (ATS, Emission, NVH)

Proximity to Customers : Facilities spread across key automotive hubs in India, which also optimize logistics

Patents Granted: Filed 15 patents, of which 3 have been granted over the last 3 years.

PV BS VI Diesel Hot End System

PV BS VI Petrol Hot End System

PV BSVI Cold End System

MHCV System (DOC+DPF+SCR)

Tractor Stage V (DOC + DPF + SCR)

CEV /IA System (DOC+DPF+SCR )

Generator Muffler

State-of-the art Research and Development set up

State-of-the-art R&D facility at Chennai

Design& DevelopmentCentre at Namyang, South Korea

Established R&D unit for exhaustsystemin2002and emissioncontrol systemin 2010 at Mahindra World City, Chennai

Established in 2 0 1 1 ,working with Strategic Customersand Sharda Motor’s INDIAR&D for exhaust systems.

A state-of-the-art facility to Design,Simulate,Testing and Prototype ofexhaustsystem for PVs&CVs as wellas non- automotive applications

R&D Centre has the full capabilities to cater to various emissionnorms rangingfrom BS6,BS6.2,TREM5,STAGE5, TIER4 &TIER5

4 trained and experienced engineers with over 20yearsofdesign,CFDand testingexperience

125+Trainedand skilledengineers for Design, CFD, FEA & Acoustics

Siemens SCADAS Mobile (Acoustic test machine)

DAQ (RLDAtest machine)

IATF16949-2016Certification

CATIA (design tool)

PRO-E(design program)

R&D focusedapproach has yieldedtremendous resultsfor Sharda Motor 0 5

Capital steadily invested over the years to build competencies in R&D

Documented Standard, Testing & Analysis Procedures and PLM system

Strong culture of engineering and continuous business focused innovation across the value chain

Sharda Motor has filed 16 IPs in last 3 years and 3 patents granted

IP - 01 Exhaust Micro- perforated Patch Patent Granted

IP - 02 Exhaust Variable Valve (Mechanical) Patent Granted

IP - 03 Splinted Tail Trim (Y-Tail) Patent Granted

State-of-the-art, future-ready capabilities

ShardaMotorhas invested inits units

Fully-backward integrated manufacturing facilitiesready for incrementalgrowthwithoutcapex

Gross Tangible Assets (INR crores)

504

458

419

355

361

FY21

FY22

FY23

FY24

FY25

TubeMillManufacturing-( BackwardIntegration) ● Wide product range of ERW tubes in the industry conforming

to national / global standards & customer specific requirements.

● Centralized manufacturing unit at SMIL-MWC for the ERW Tubes

for serving national market with two facilities with diverse diametrical manufacturing capabilities.

Stamping Facilities ● Stamping facilities spread across Chennai, Nashik and

Sanand

● 50+ stamping machines located across India

WeldingCapabilities ● DC Welding, DC Pulse Welding, CMT Welding and Micro MIG

welding capabilities

● Improved quality to meet transition requirements to BSVI standards

Testing& PrototypingFacilities ● End-to-end testing capabilities, fully equipped with hot vibration

lab, flow lab, semi anechoic chamber, thermal lab, engine testing lab and prototyping shop

Overview | Lightweighting Vertical

From an idea to its manufacturing, Sharda Motor is one of the fastest growing player in this product category

~12.5% value market share for Passenger vehicle & Light Commercial Vehicle Control Arms in India

Comprehensive Services from design to validation.

Strategically Located Manufacturing Facilities to optimize logistics and supply chain efficiency.

End-to-End support including development, project planning, testing, and validation.

Supplying products for use in all powertrains (including leading EV Launches).

SMIL Manufactured Parts

BOP Assembled Parts

Upper Control Arm LHS

Upper Control Arm RHS

Rear Suspension – EV Links

Axle Front Assembly

Lower Control Arm LHS

Lower Control Arm RHS

Rear Suspension – Rear Links

Lightweighting emerges as one of the key megatrends for Auto OEMs globally

Drivers of Lightweighting

CAFÉ Norms (CO2 emission regulation)

• To reduce fuel consumption by lowering CO2 emissions

• Serves twin purpose of Govt- Reducing oil imports and controlling pollution

CAFÉ Norms CO2 target roadmap

•

Phase 1 (2017 – 22) - 130 g/km > Café III (expected 2027) – 91.7 g/km

Phase 2 (Post 2022 ) – 113 g/km > Café IV (expected 2032) – 70 g/km

Multiple Powertrains & EV Penetration

• Multiple Powertrains require lightweighting to preserve efficiency, performance & regulations

• Focus will be on powertrain agnostic lightweighting components

• Entry-level cars offer a range of 250-300 KM while ideal range is 400-500 Km.

•

10% weight reduction can improve EV range by 13.7%

• Potential for structural batteries to reduce weight by 10%

Advanced Safety Regulations

• Lightweighting is essential to balance safety with weight reduction

• Ultra-high-strength steel & aluminum can improve crashworthiness.

• Lightweight materials exhibit better handling and stability

Enhancing Suspension Portfolio-TLA Signed With Donghee Industrial Co. Ltd., Republic of Korea.

Control Arm

Links

Subframe

Torsion Beam

•

Strengthening existing control arms and links business with cutting edge technology.

Adding new products- Subframes and Torsion Beam.

Increasing Content Per Vehicle of Suspension portfolio to Rs.6K to Rs.18K from current level of Rs.2K to Rs.8K

Strategically positioning SMIL to gain market share in existing business and develop new business opportunities

• Global player specialising in chassis,

suspension, body-in-white, fuel tank, and pedal module technologies

• USD 2 billion Revenue (CY2024)

•

17 plants & 6 R&D centres across South Korea, Europe, China, USA, Mexico

Strategic partner of 20+ Global OEMs including Hyundai, Kia, VW, and Stellantis

Targeting the biggest markets with our core capabilities

Key Markets

Key Segments

USA

EUROPE

Commercial Vehicle

Genset

CEV

Tractor (Under 100 HP)

Select Target Products

Tractor Components (DOC, DPF, SCR)

Genset Hot End

SCR Outlet Assembly

Exhaust Pipe

Genset Muffler

CEV Components (DOC, DPF,SCR)

Heat Shield

Temperature Controlled Tubes

Capitalizing on emerging theme of ‘China+1’ to grow revenues from overseas customers

Over the last few years, on the back of supply chain issues led by the COVID-1 9 pandemic and trade war shocks, trade relations between US, EU and China have been disrupted. In addition, new emission norms have also been introduced in EU & US. Both trends put together give a great opportunity for exports from India.

USD Million

CV Emission Components

850

Tractor Emission & Muffler Systems

Genset Emission & Muffler Systems

ddwwewwe

120

Heat Shields

Temperature Controlled Tubes

170

Total Market Size

1,100

225

100

310

250

23 105

140

Dedicated Global Business Team For expansion of exports

Strategic R&D investments leading to world class technology and products in emission control systems

Acceptabilityfrom marquee global customers an endorsement of quality

Sharda Motor has deep-rooted relationships with marquee OEMs 0 5 Cateringtocustomersacrossvehiclesegments

Sharda Motor is well recognized for its quality and reliability

FY25 Consolidated Revenue from Operations split by end-user vehicle segment (%)

2025

Platinum Award

Continuous Improvement & Poka Yoke

Sustainability Champion

Award

Gold Award – Safety, Gold Award – Safety, Health, Energy & Health, Energy & Environment Environment QCFI (SHEEN) QCFI (SHEEN)

2025

Gold Award

Poka-yoke Competition QCFI

40%

55%

16th National Poka Yoke

Gold Award Winner – 50th

Competition

National KAIZEN competition

Ashok Leyland Quality

Performance Award for

Incoming Parts Quality

Silver Award Winner –

Renovative Category

2024

2023

Others

Split in revenues between passenger vehicles and commercial vehicles insulates business from cyclicity specific to vehicle segments

2014

2015

2021

Mahindra & Mahindra Annual

Mahindra Supplier Excellence

Commodity Award

Award for Business Partner

of the Year

Special appreciation BS6 by

Mahindra & Mahindra

Silver award in Business

Alignment Category by Ashok

Leyland

Significant New Orders Received in FY26 in New Verticals 0 5

Suspension Control Arms

Lightweighting Vertical

One of the fastest growing PV company

Suspension Links

Lightweighting Vertical

One of the fastest growing PV company

Annual Value - $8.3M Life Time Value - $41.7M

Annual Value - $5.6M Life Time Value - $28M

Q1 FY28 Start of Production

Emission Adjacencies

Global Business Vertical

Large Heavy Industry Emissions company

Annual Value - $4.8M Life Time Value - $24M

Q4 FY27 Start of Production (Gradual ramp up over 2 yrs)

Key favourable Market Trends shaping our Growth Strategy

Lightweighting Trend

Strong requirement for Lightweighting due to Multi powertrains, upcoming CAFÉ norms & Safety requirements

▪ Consolidating market for high tensile control arms ▪

Few local players with new age lightweighting technology

China + 1

China + 1 theme & New emission norms being introduced in Europe & USA , both put together giving a great opportunity to increase exports from India

Emission Norms Regulation

Tightening Emission norms, TREM V (Open large part of domestic Tractor Market for emission products ) & BS 7 introduction will increase content & lead to market consolidation due to technology requirements

Localisation Drive

Customers are driving localisation as priority due to geopolitical situations & Government incentives giving a good opportunity for Indian Partners for TAJVs in new products

Key Future Growth Areas

Scaling up the Lightweighting Vertical

▪

Increasing Market Share in control arms & axle assemblies

Adding products/content per car by harnessing new age lightweighting processes

TA/JVs focused on strengthening Lightweighting

Growing revenue from exports with focus on Europe & USA Markets

▪

CV emission components

Temperature controlled Tubes and Heat Shields

Genset emission & muffler systems

Tractor emission & muffler systems

Capturing opportunities in increasing domestic addressable Market & Adjacencies

▪

BS 7 to increase content per engine & lead to market consolidation

TREM V opens the opportunity in large domestic tractor market

Adding business in temperature controlled pipes/heatshields for Off highway & CV Customers

M&A in Powertrain Agnostic Products & entry into adjacent exponential markets

▪

TA/JVs to support customers in localisation of key powertrain agnostic products

TA/JVs for entry into adjacent exponential markets ( Synergy components for Drones, Robotics, AI Data Centres )

Domestic focused Acquisition in Powertrain Agnostic products

Operations overseen by well-experienced board…

Mr. Kishan Parikh Chairman, Non- Executive Non- Independent Director

Mr. Ajay Relan Managing Director

Mr. Nitin Vishnoi Executive Director and Company Secretary

● 33+ years of experience in the field of

Business Management ● Holds Bachelor’s Degree in

commerce and has been associated with Jamshedpur Beverages, Pebco Motors Limited and implemented ISO 9001-2000 in favour of Pebco Motors Limited

● Dynamic entrepreneur contributing vast experience in manufacturing automobile components, setting up new projects and their successful implementation

● Completed his B.Com (Hons.) & took three years of training from Harvard Business School, U.S.A.

● 32+ years of experience and

expertise in Corporate Restructuring, Compliance Management and Corporate Governance

● Fellow member of the Institute of

Company Secretaries of India and also holds a Bachelor’s degree in Commerce with Honours

Dr. Sarita Dhuper Independent Non- Executive Director

Mr. Udayan Banerjee Independent Non- Executive Director

● 38+ years of experience in the field of Medicine and specialisation in the fields of Pediatrics & obstetrics/ Gynecology and Cardiology ● Holds Bachelor of Medicine & Bachelor of Surgery (MBBS) & Doctorate in Medicine from Maulana Azad Medical School, Delhi University

● Led several teams for successful

setting up of Manufacturing Units of Automobile Components

● 50+ years of experience with various reputed organizations including Bata Shoes Limited, Stepwel Industries Limited

● Holds Master’s Degree in Earth

Science from IIT Kharagpur and also holds a diploma in work-study from Work Factor Co. of USA

Mr. Navin Paul Independent Non- Executive Director

● Has over 23 years of work experience in Bosch and has held varied and key responsibilities in the Automotive and Industrial Divisions of Bosch.

● Eminent

Expert

Automotive Components in the Expert Advisory Group (EAG) to Minister & Ministry of Road Transport & Highways (Govt of India).

…complimented by experienced senior management

Mr. Ajay Relan Managing Director

Mr. Aashim Relan Group Chief Executive Officer

● Dynamic entrepreneur

contributing vast experience in manufacturing automobile components, setting up new projects and their successful implementation

● Completed his B.Com

(Hons.) & took three years of training from Harvard Business School, U.S.A.

● Responsible for managing

the Supply Chain, Operations, Strategy & Innovations

● Recognized as one the

youngest business leaders in the country

● Graduated in Finance & Economics from Emory University, Atlanta & has various other business certifications

Mr. Ashwani Maheshwari Deputy Managing Director

● 30+ years of experience in leading Domestic and International Businesses for effective turnaround and strategic transformations across products, customer segments and sectors.

● B.E. in Mechanical Engineering from IIT Roorkee with Sloan Fellowship, MBA from London Business School, EDP from The Wharton School and ADP from Stanford University

Mr. G D Takkar Group CFO

Mr. Nitin Vishnoi Executive Director and Company Secretary

● 25+ years of experience of working in a wide spectrum of industries including Automotive.

● Has managed large

organic and inorganic growth projects besides critical transformation initiatives for creating shareholder value. ● Qualified CA and CMA

● 32+ years of experience

and expertise in Corporate Restructuring, Compliance Management and Corporate Governance ● Fellow member of the Institute of Company Secretaries of India and also holds a Bachelor’s degree in Commerce with Honours

Mr. Deepak Manchanda CEO Global Business

Mr. Viekas K Khokha Chief Human Resources Officer

Mr. Dnyanesh Dandekar Head- Research & Development

Mr. K K Sharma Chief Manufacturing Officer

● 28+ years of rich experience in a spectrum of Automotive, Aerospace, and Defence industries

● PG Diploma in Business Management with a specialization in Marketing & Systems from IMT Ghaziabad, and certification in Masters in Mechanical Engineering from CIIMS Nagpur

● Brings experience from

Management Consulting & P&L/Business Leadership roles across prominent MNCs & leading Indian organizations

● PGDBM from LBSIM, Delhi, Global Fellow in Talent Management from Wharton School, US & BE in Mechanical Engineering from Nagpur University

● 25+ years of experience in

development of new products, new technologies as new features in existing products

● Completed his B.E.

Mechanical & M.E. Thermal Engineering from Govt. College of Engineering, Karad & Executive MBA from SPJIMR, Mumbai

● Seasoned specialist in cost- saving strategies and plant operations

● Expertise spans across Customer Relationship Management, Project Management, Industrial Relations, Cost Saving Strategies and Plant Operations

● Hold’s a Bachelor’s Degree in

Commerce from Delhi University

Mr. Paramjeet Singh Senior Vice President- Sales & Business Development

● Diverse skillset includes

Quality Control, Customer Service and Business Development

● He is a Graduate of

Commerce from CCS University, Meerut, and holds an MBA from ICFAI University, Tripura

Consolidated Key Financial Highlights Q2 FY26

Revenue from Operations (INR Crores)

EBITDA (INR Crores)

PAT (INR Crores)

787

105

100

756

711

101

Q2FY25

Q1FY26

Q2FY26

Q2FY25

Q1FY26

Q2FY26

Q2FY25

Q1FY26

Q2FY26

Consolidated Key Financial Highlights H1 FY26

Revenue from Operations (INR Crores)

EBITDA (INR Crores)

PAT (INR Crores)

1,543

201

199

1,397

175

156

H1FY25

H1FY26

H1FY25

H1FY26

H1FY25

H1FY26

Consolidated Profit & Loss Statement

Particulars (Rs. Crores)

Q2FY26

Q2FY25

Revenue from Operations

Cost of Goods Sold

Gross Profit

Gross Profit Margin

Employee Cost

Other expenses

EBITDA

EBITDA Margin

Other Income

Depreciation

EBIT

EBIT Margin

Fnance Cost

Exceptional Item Gain / (Loss)

Share in Profit/ (loss) in JV and Associates

Profit before Tax

Tax

Profit After Tax

Profit After Tax Margin

Other Comprehensive Income

Tota Comprehensive Income

EPS

YoY

11%

-4%

-3%

787.2

592.4

194.9

711.3

523.1

188.2

24.8%

26.5%

39.0

54.8

101.0

12.8%

18.3

15.7

103.7

13.2%

1.1

0.0

-0.7

35.2

47.6

105.4

14.8%

15.4

14.0

106.8

15.0%

0.5

0.0

-0.2

101.90

106.12

-4%

27.2

74.7

9.5%

-0.1

74.6

13.0

27.4

78.7

11.1%

-0.1

78.7

13.7

-5%

Q1FY26

756.2

566.7

189.5

25.1%

40.6

50.6

98.4

13.0%

23.0

13.5

107.9

14.3%

1.1

22.4

0.8

130.1

30.1

99.9

13.2%

-0.1

99.8

17.4

QoQ

-4%

-22%

-25%

H1FY26

1,543.5

1,159.1

384.4

24.9%

H1FY25

1,396.7

1,028.5

368.2

26.4%

79.6

105.4

199.4

12.9%

41.3

29.2

211.6

13.7%

2.2

22.4

0.1

232.0

57.3

174.6

11.3%

-0.2

174.4

30.4

70.9

96.2

201.1

14.4%

35.0

26.8

209.2

15.0%

1.0

0.0

0.3

208.6

53.0

155.5

11.1%

-0.1

155.4

26.6

YoY

11%

-1%

11%

12%

Consolidated Balance Sheet

Equity & Liabilities (Rs. Crores)

Total Equity

Share Capital

Reserves & Surplus

Non-Current Liabilities

Lease

Other Financial Liabilities

Provisions

Other liabilities

Deferred tax liabilities (net)

Current Liabilities

Financial Liabilities

Lease

Trade Payables

Other Financial Liabilities

Other Current Liabilities

Provisions

Current tax Liabilities (net) Liabilities included in disposal group held for sale Total Equity & Liabilities

Sep-25

1,142.9

11.5

1,131.4

61.9

47.9

0.1

11.0

0.0

2.9

Mar-25

1,061.8

5.7

1,056.1

59.9

49.2

0.1

10.6

0.0

687.0

635.0

2.5

600.1

11.6

57.0

13.8

2.0

0.0

2.5

542.6

15.9

59.8

12.8

1.4

0.1

1,891.9

1,756.9

Assets (Rs. Crores) Non - Current Assets Property Plant & Equipments Capital Work In Progress Right of Use Asset Intangible assets Financial Assets Investment in JV and Associate Others Investments Other financial assets Deferred Tax Assets (net) Other Non Current Assets Non Current Tax Assets Current Assets Inventories Financial Assets Investments Trade receivables Cash and cash equivalents Bank balances other than cash and cash equivalents Others Other Current Assets Disposal Group (Assets held for sale) Total Assets

Sep-25 348.7 216.5 6.6 44.8 6.9

31.4 5.0 5.6 0.0 13.6 18.4 1,543.1 228.2 0.0 893.2 325.2 65.7

12.7

6.6 11.5 0.0 1,891.9

Mar-25 337.0 195.2 8.5 47.3 8.0

31.2 5.0 5.4 2.2 12.4 21.6 1,419.9 207.2 0.0 704.1 284.7 198.9

2.5

10.1 10.7 1.7 1,756.8

Consolidated Cash Flow Statement

Particulars (Rs. Crores)

Net Profit Before Tax

Adjustments for: Non -Cash Items / Other Investment or Financial Items

Operating profit before working capital changes

Changes in working capital

Cash generated from Operations

Direct taxes paid (net of refund)

Net Cash from Operating Activities

Net Cash from Investing Activities

Net Cash from Financing Activities

Net Decrease in Cash and Cash equivalents

Add: Cash & Cash equivalents at the beginning of the period

Effect of fair Value changes on Cash & Cash Equivalents (investment in Liquid Fund)

Cash & Cash equivalents at the end of the period

Consolidated

H1FY26

232.0

-31.7

200.2

-2.6

197.6

-52.6

145.0

-182.0

-96.7

-133.7

198.9

0.5

65.7

H1FY25

208.6

-3.3

205.3

-14.3

190.9

-49.8

141.2

-31.1

-231.6

-121.5

258.4

0.2

137.0

Historical Consolidated Key Financial Highlights

Revenue from Operations (INR Crores)

EBITDA (INR Crores)

PAT (INR Crores)

CAGR: 8%

CAGR: 20%

CAGR: 28%

2,809

2,837

2,700

396

361

315

300

2,255

282

228

208

149

FY22

FY23

FY24

FY25

FY22

FY23

FY24

FY25

FY22

FY23

FY24

FY25

Historical Consolidated Key Financial Highlights

Return on Equity %

Return on Capital Employed

30%

31%

30%

34%

37%

35%

39%

38%

FY22

FY23

FY24

FY25

FY22

FY23

FY24

FY25

Note : Return on Equity = Net Profit After Tax/Total Equity; Return on Capital Employed = EBIT/(Total Debt+Total Equity)

Standalone Profit & Loss Statement

Particulars (Rs. Crores)

Revenue from Operations

Q2FY26 787.2

Q2FY25 711.3

Cost of Goods Sold

Gross Profit

Gross Profit Margin

Employee Cost

Other epenses

EBITDA

EBITDA Margin

Other Income

Depreciation

EBIT

EBIT Margin

Fnance Cost

Exceptional Item Gain / (Loss)

Profit before Tax

Tax

Profit After Tax

Profit After Tax Margin

Other Comprehensive Income

Tota Comprehensive Income

EPS

592.4

194.9

24.8%

39.0

54.8

101.0

12.8%

18.3

15.7

103.7

13.2%

1.1

0.0

102.6

27.2

75.4

9.6%

-0.1

75.3

13.1

YoY 11%

-4%

-3%

523.1

188.2

26.5%

35.2

47.6

105.4

14.8%

15.4

14.0

106.8

15.0%

0.5

0.0

106.3

-4%

27.4

78.9

11.1%

-0.1

78.9

13.7

-4%

-5%

Q1FY26 756.2

566.7

189.5

25.1%

40.6

50.6

98.4

13.0%

23.0

13.5

107.9

14.3%

1.1

22.4

129.2

30.1

99.1

13.1%

-0.1

99.0

17.3

QoQ 4%

-4%

-21%

-24%

H1FY26 1,543.5

1,159.1

384.4

24.9%

H1FY25 1,396.7

1,028.5

368.2

26.4%

79.6

105.4

199.4

12.9%

41.3

29.2

211.6

13.7%

2.2

22.4

231.8

57.3

174.5

11.3%

-0.2

174.3

30.4

70.9

96.2

201.1

14.4%

35.0

26.8

209.2

15.0%

1.0

0.0

208.3

53.0

155.2

11.1%

-0.1

155.1

26.6

YoY 11%

-1%

11%

12%

Standalone Balance Sheet

Equity & Liabilities (Rs. Crores)

Total Equity

Share Capital

Reserves & Surplus

Non-Current Liabilities

Lease

Other Financial Liabilities

Provisions

Other liabilities

Deferred tax liabilities (net)

Current Liabilities

Financial Liabilities

Lease

Trade Payables

Other Financial Liabilities

Other Current Liabilities

Provisions

Current tax Liabilities (net) Liabilities included in disposal group held for sale Total Equity & Liabilities

Sep-25

1,159.6

11.5

1,148.1

61.9

47.9

0.1

11.0

0.0

2.9

Mar-25

1,078.7

5.7

1,072.9

59.9

49.2

0.1

10.6

0.0

687.0

635.0

2.5

600.1

11.6

57.0

13.8

2.0

0.0

2.5

542.6

15.9

59.8

12.8

1.4

0.1

1,908.5

1,773.7

Sep-25 365.3 216.5 6.6 44.8 6.9

48.0 5.0 5.6 0.0 13.6 18.4 1,543.2 228.2

893.2 325.2 65.7

12.7

6.7 11.5 0.0 1,908.5

Mar-25 353.8 195.2 8.5 47.3 8.0

48.0 5.0 5.4 2.2 12.4 21.6 1,419.9 207.2

704.1 284.7 198.9

2.5

10.1 10.7 1.7 1,773.7

Standalone Cash Flow Statement

Particulars (Rs. Crores)

Net Profit Before Tax

Adjustments for: Non -Cash Items / Other Investment or Financial Items

Operating profit before working capital changes

Changes in working capital

Cash generated from Operations

Direct taxes paid (net of refund)

Net Cash from Operating Activities

Net Cash from Investing Activities

Net Cash from Financing Activities

Net Decrease in Cash and Cash equivalents

Add: Cash & Cash equivalents at the beginning of the period

Effect of fair Value changes on Cash & Cash Equivalents (investment in Liquid Fund)

Cash & Cash equivalents at the end of the period

Standalone

30-Sep-25

30-Sep-24

231.8

-31.6

200.2

-2.6

197.6

-52.6

145.0

-182.0

-96.7

-133.7

198.9

0.5

65.7

208.3

-3.0

205.3

-14.3

190.9

-49.8

141.2

-31.1

-231.6

-121.5

258.4

0.2

137.0

Corporate Social Responsibility – Sharda Unnati CSR Programmes

Sharda - Green India Campaign

Sharda Educate

Blood Donation Drives

Sharda Motor believes in promoting environmental sustainability through regular tree plantation drives in collaboration with inhouse team of volunteers.

Infrastructure development, learning materials, and scholarships provided to underprivileged schools to foster quality education.

Organized regular voluntary blood donation camps in partnership with local hospitals to save precious lives.

Sharda Medicare

We support community health through clinics, ambulance services, health check- up camps, and installation of essential medical equipment.

Sharda Motor Industries Ltd.

Investor Relations Advisors

Mr. G D Takkar Group CFO

011-47334100 gd.takkar@shardamotor.com

Mr. Kanav/ Mr. Salman Mohammed Shiras/ Mahalakshmi Venkatachalam Investor Relations Practice

+91 9910036240 / +91 9654552746 / 8655697598 kanav.Khanna@in.ey.com/ salman.shiras@in.ey.com / Mahalakshmi.Venkatachalam@in.ey.com

www.shardamotor.com

www.ey.com

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