Dhoot Transmission Limited · NSE:DHOOTTRANS
Dhoot Transmission — Q2 FY2027 Earnings Presentation
23 slides from Dhoot Transmission's earnings presentation, Nov 3, 2026
Slide 1: Exchange filing cover letter for investor presentation
November 3, 2026 To, To, National Stock Exchange of India Limited BSE Limited (“BSE”) (“NSE”) Listing Department Listing Department Exchange Plaza, C-1 Corporate Relationship Department Block G, Bandra Kurla Complex Bandra Phiroze Jeejeebhoy Towers, Dalal Street, [E], Mumbai – 400051 Fort, Mumbai -
Slide 2: Q2 & H1 FY27 Earnings Presentation
Q2 & H1 FY27 Earnings Presentation DHOOT TRANSMISSION 03 November 2026 1
Slide 3: Disclaimer
Disclaimer This presentation and accompanying slides (“Presentation”) has been prepared by Dhoot Transmission Limited (“Company”) and is not for release, distribution or publication, whether directly or indirectly, in whole or part, into or in any jurisdiction in which such release, distribution or
Slide 4: Who we are: leading two- and three-wheeler wiring harness maker
Who we are: One of India’s leading two- and three-wheeler wiring harness maker, now scaling into EV and electronics LEADERSHIP MARKET SHARE EV LEADERSHIP CUSTOMERS # top 2 2 out of 5 ~70% Top 6 OEMs wiring harness maker for of India's 2W and 3W share of the Two in India's two-wheeler 2W and 3W in In
Slide 5: Business Performance Highlights
Business Performance Highlights 4
Slide 6: Q2 FY27 Financial Performance Highlights
Q2 FY27 Financial Performance Highlights Revenue Reported EBITDA Adjusted PAT ₹18,272 mn ₹2,618 mn ₹1,615 mn +61% YoY +31% YoY 14.3% margin +30% YoY Adjusted Organic EBITDA of 15.2% PAT adjusted for non-recurring/exceptional items Net cash at 30 Annualised RONA at EV revenue EV share of revenue Sept
Slide 7: H1 FY27 Financial Performance Highlights
H1 FY27 Financial Performance Highlights Revenue Reported EBITDA Adjusted PAT ₹32,736 mn ₹4,802 mn ₹2,964 mn +56% YoY Organic +47% +30% YoY 14.7% margin +33% YoY Adjusted Organic EBITDA of 15.2% PAT adjusted for non-recurring/exceptional items EV revenue EV share of revenue ₹9,394 mn 29% H1 FY26: ₹4
Slide 8: H1 FY27 revenue up 56%; momentum supported by strategic priorities
H1 FY27 up 56%; continued momentum supported by 4 strategic priorities Revenue from operations (₹ mn) CAGR FY24–26: 27% 45250 +56% YoY +56% H1 FY27 revenue growth, YoY 34449 32736 ■ Growth is accelerating: 23% in FY25, 31% in FY26, 56% in H1 FY27 27977 ■ Half-year revenue: already 72% of FY26; Non W
Slide 9: Four strategic priorities: Strengthen core, EV, Diversification, Technology
Four strategic priorities: Strengthen core, EV, Diversification, Technology 1 2 3 4 Strengthen Core Electrification Diversification Technology Deepen leadership in Be the electrical Broaden products, Focus on import 2W and 3W backbone of auto OEM vehicle types, customers substitution and first to an
Slide 10: Strengthening the core: market leadership and premiumization
Strengthening the core: Continued market leadership with 1 2 3 4 industry leading growth and premiumization Core Harness revenue vs 2W industry retail growth, EV volume growth vs industry, H1 FY27 YoY (%) Premiumisation: gain in 125cc+ share of bike H1 FY27 YoY (%) volumes, H1 FY27 vs H1 FY26 (pts)
Slide 11: Strengthening the core: capacity added ahead of customer demand
Strengthening the core: Capacity is being added ahead of 1 2 3 4 customer demand Existing: 26 plants in India Core ~7,500 Chhatrapati Sambhajinagar (9), Pune (3), Capex trend (₹ million ) Manesar / Hosur (7), Mysore (1), Kanchipuram (2), Jhajjar Manesar (2), Jhajjar (1), Pithampur (1) 5,100 5,000 Ex
Slide 12: Electrification: electrical backbone of an electric two-wheeler
Electrification: We supply the electrical backbone of an 1 2 3 4 electric two-wheeler, from harness to battery Electrification Electric scooter: where Dhoot content sits What goes in In production Pipeline JV pipeline WIRING AND CONNECTION 2 Main wiring harness (low-voltage) 3 High-voltage harness 1
Slide 13: Electrification: EV is 31% of revenue and EV products scaling
Electrification: EV is 31% of revenue and EV products scaling 1 2 3 4 Electrification EV share of revenue (%) Key milestones during the quarter 31 MANUFACTURING CAPACITY EXPANSION PRODUCT EXPANSION 27 ● 2 New Powertrain Battery ● Powertrain Battery manufacturing 25 24 Manufacturing Facilities for ne
Slide 14: Diversification: broader products, vehicles and customers
Diversification: Broader products, vehicles and customers, 1 2 3 4 and new areas beyond two-wheelers Diversification Product mix (% of revenue) Electronics Expansion 1 Acquired Multilink which is into Sensors, Relays and other electronic products (Q2 FY27 full quarter) 18 23 23 31 CV, off-highway an
Slide 15: Technology: 237-strong engineering team, concept to serial production
Technology: 237-strong engineering team takes products 1 2 3 4 from concept to serial production in-house Technology 237 R&D, design and engineering 4 Engineering and design centres 2 International tech partners R&D focus areas New development, value engineering and technology absorption employees (
Slide 16: Technology: wiring harness core, four product families
Technology: Wiring harness core, four product families, 1 2 3 4 ever more content in every vehicle Technology Safety Critical Electronics Battery packs and EV electronics CURRENT CURRENT ABS sensor Lean-angle Gear-position Flasher 48V traction 12V auxiliary Charging gun sensor sensor pack pack PIPEL
Slide 17: Technology: Ride Vision JV brings safety devices to Indian riders
Technology: Ride Vision JV brings safety and control devices 1 2 3 4 to Indian riders Technology Safety and control devices Where it applies Why this JV matters Two-wheelers: rider alerts 1 Technology theme: Brings the (ARAS) state of the art, patented and proven camera-based Driver EV two-wheelers:
Slide 18: Q2 & H1 FY27 Financial Update
Q2 & H1 FY27 Financial Update 17
Slide 19: Q2 FY27 Financials
Q2 FY27 Financials Revenue (₹ mn) Reported EBITDA (₹ mn) ● margin (%) Adjusted PAT (₹ mn) ● margin (%) +61% YoY +30% YoY +30% YoY 18,272 2,618 1615 2,180 14,460 2,000 1264 1335 11,370 17.5% 15.1% 14.3% 10.9% 9.3% 8.8% Q2 FY26 Q1 FY27 Q2 FY27 Q2 FY26 Q1 FY27 Q2 FY27 Q2 FY26 Q1 FY27 Q2 FY27 ● Revenue
Slide 20: H1 FY27 Financials
H1 FY27 Financials Revenue (₹ mn) EBITDA (₹ mn) ● margin (%) Adjusted PAT (₹ mn) ● margin (%) +56% YoY +29% YoY +33% YoY 32,724 4,790 2,964 3,689 2,351 21,031 17.5% 14.6% 11.2% 9.1% H1 FY26 H1 FY27 H1 FY26 H1 FY27 H1 FY26 H1 FY27 ● Revenue +56% YoY (~47% ex-Multilink) vs ~20% ● Margin declined prima
Slide 21: Detailed P&L: Q2 and H1 FY27
Detailed P&L: Q2 and H1 FY27 ₹ million Q2 FY27 Q2 FY26 YoY Q1 FY27 QoQ H1 FY27 H1 FY26 YoY Revenue from operations 18,272 11,368 60.7% 14,464 26.5% 32,736 21,031 55.7% Other income 151 157 137 288 233 Total material cost 12,473 7,329 – 9,866 – 22,339 13,430 66.3% Employee benefits expense 1,329 909
Slide 22: Detailed balance sheet and ratios: Sep'26 vs Mar'26
Detailed balance sheet and ratios: Sep’26 vs Mar’26 ₹ million Sep’26 Mar’26 Change Cash flow (extract), H1 FY27, ₹ million Amount Borrowings 2,238 8,414 -6,176 Profit before tax 3,886 Cash and bank balances 11,275 10,958 316 Change in trade working capital -2,830 Net debt excl leases/ (net cash) -9,
Slide 23: Our Board of Directors
Our Board of Directors Our Board of Directors Mr. Ajay Seth Mr. Rahul Dhoot Mr. Dhiren Sheth Mr. Rishi Mandawat Chairman and Independent Director Managing Director and Promoter Executive Director and CHRO Non-Executive Director 38+ years in autos; former CFO of Maruti 27+ years in the automotive sec