Indo Rama Synthetics (India) Limited · NSE:INDORAMA
Indo Rama Synthetics (India) — Q2 FY2027 Earnings Presentation
34 slides from Indo Rama Synthetics (India)'s earnings presentation, Oct 23, 2026
Slide 1: Exchange filing cover letter
INDO RAMA IRSL:STEXCH:2026-27 Date: 23" October 2026 Corporate Listing Department Corporate Relations Department National Stock Exchange of India Limited BSE Limited Exchange Plaza, 5t Floor, Floor 25, P. J. Towers, Bandra - Kurla Complex, Dalal Street, Bandra (E), Mumbai - 400 051. Mumbai - 400 001
Slide 2: Investor Presentation Q2 & H1 FY27
INDO RAMA Investor Presentation Q2 & H1 FY27
Slide 3: Safe Harbour
Safe Harbour This presentation and the accompanying slides (the “Presentation”), which have been prepared by Indo Rama Synthetics (India) Ltd (the “Company’), solely for information purposes and do not constitute any offer, recommendation, or invitation to purchase or subscribe for any securities, a
Slide 4: Indorama Ventures (IVL) at a Glance
Indorama Ventures (IVL) at a Glance Investor Presentation e
Slide 5: Indorama Ventures (IVL) Business Overview
Indorama Ventures (IVL) | Business Overview INDO RAMA A global sustainable chemicals company with integrated assets across its value chain One of the Tl " isted in . Thailand- Xy \;’vgld Sllargest on the Stock US$13.6bn Global presence 110 et g‘(’{g 24;500 headquartered Q@ Exchange of CY2025 revenue
Slide 6: Indo Rama Synthetics (India) Ltd
Indo Rama Synthetics (India) Ltd Investor Presentation e
Slide 7: Company at a Glance
Company at a Glance INDO RAMA Listed on Supported by % Incorporated BSE: September 1989 40 Yea rs @Eg Indo.rama Venture.s ) 8822 BE©) s 28 April1986 NSE: June 2003 of Legacy Public Company Limited since 2019 MANUFACTURING CAPACITY India’s Leading Integrated Polyester 6.72 Lakh TPA 2.31 Lakh TPA 1.75
Slide 8: Journey so far — Key Milestones
Journey so far — Key Milestones 2023 = — 1986 Company incorporated on 1994-95 Setting up of a state-of-the-art 2006 Expansion in alliance with 2012 Commissioned HTM * S=—— Commercial production capacity enhancement by : 28 April 1986 integrated manufacturing complex Zimmer AG, Germany at a project a
Slide 9: Integrated Polyester Portfolio — From Raw Materials to End Markets
Integrated Polyester Portfolio — From Raw Materials to End Markets INDO RAMA Our Value Chain Our Business Product Portfolio Raw Matel Segme: Installed Revenue PTA+MEG 8! Capacity Contribution v Indo Rama’s Polymerisation Operations Polyester v Staple 2,31,000 TPA 41% Polyester Melt Fibre(PSF) | Raw
Slide 10: Scaled Manufacturing Base with Global Technology Partnerships
Scaled Manufacturing Base with Global Technology Partnerships INDO RAMA Butibori Manufacturing Complex Leveraging Global Technology Partners single integrated polyester manufacturing facility at Butibori, Nagpur, Maharashtra e s - - Chemtex |e =% VALVAN aesa WARTSILA Beyond Horizons PTA + MEG Polyme
Slide 11: Disciplined Investment Unlocking Value
Disciplined Investment Unlocking Value INDO RAMA EXPANSION PHASE POST EXPANSION PHASE Significant capex in FY23-FY24, strengthens Capex normalize as new capacities stabilise, manufacturing capacity leading to higher utilisation 68% 70 450 438 65 400 60 350 55 50 300 43% a5 250 40 35 200 2 150 e 20 1
Slide 12: Core Strengths Positioning Indo Rama for Sustainable Growth
Core Strengths Positioning Indo Rama for Sustainable Growth INDO RAMA vv vv ®) & E” £ @ Strong Legacy & Large-Scale Cost-Competitive Superior Quality Technological Strong Parentage & Integrated Operations Manufacturing Operations Standards Excellence Backward Linkages Capacity 40 years of industry 6
Slide 13: From Recovery to Value Creation
From Recovery to Value Creation INDO RAMA i Value 11— e @@ . f R Creation Opportunities Industry Improved Operat]ng PAT - el Leverage with Cost Tailwinds Utilisation " Recovery Efficiency - EETTTIED G © GED © o
Slide 14: Global Trends & India Opportunity
Global Trends & India Opportunity INDO RAMA Global Fibre Production (Million Tonnes) Global Fibre Market (Volume, 2025) 172.00 139.00 2025 2030 I Polyster Manmade Cellulosic Fibres ( Viscose) Polyester continues to contribute most significant to the growth in total global textile fiber production I
Slide 15: Policy Support & Structural Tailwinds
Policy Support & Structural Tailwinds INDO RAMA Key Budgetary Allocations & Initiatives Structural Tailwinds Enhanced Budgetary Support Rising MMF Penetration & Improving Raw Material Availability n\é@ Ministry of Textiles allocation of 25,279 crore in FY27, é\s\é‘ + MMF and blended textiles account
Slide 16: From Transition-Year Trough to Earnings Recovery
From Transition-Year Trough to Earnings Recovery INDO RAMA FY 23-24 FY 24-25 FY 26-27 A challenging year driven by multiple factors Stabilisation and operational recovery Continued Momentum Adverse market environment Improved market conditions Improved Product Contribution & Mix Sluggish market cond
Slide 17: Quarterly Highlights
Quarterly Highlights Investor Presentation @
Slide 18: Improved Earnings, Stronger Returns and Balance Sheet
Improved Earnings, Stronger Returns and Balance Sheet INDO RAMA Strong operational performance with higher profitability and a stronger balance sheet A2\ Al Q2 FY27 Financial Performance Key Ratios — H1 FY27 Financial Strength - H1 FY27 = Strong growth across key parameters Higher profitability and
Slide 19: Business Performance
Business Performance INDO RAMA (Rs. in Cr) Total Income EBITDA & EBITDA Margin PAT & PAT Margin 117.7 Gaoz) 741 1,222.4 1,344.0 80.4 246 Q2 FY26 Q2 Fy27 Q2 FY26 Q2 FY27 Q2 FY26 Q2 Fy27 Total Income EBITDA & EBITDA Margin PAT & PAT Margin .@ ’@ ’+78‘V 2,530.9 2,284.2 2257 - 137.8 180.7 773 H1 FY26 H1
Slide 20: Expanding the Speciality Polyester Portfolio
Expanding the Speciality Polyester Portfolio INDO RAMA Additional Planned Capex ( Entity | Indorama Synthetics Limited and its wholly owned material subsidiary, alth - Indorama Ventures Yarns Private Limited (IVYPL), EXPANSION PLAN .. Product | Specialty filament and fibre L J ) ~X200 Cr , @ ~ Locat
Slide 21: Financial Highlights
Financial Highlights Investor Presentation Q
Slide 22: Strong Earnings Momentum
Strong Earnings Momentum INDO RAMA (Rs. in Cr) Total Income EBITDA & EBITDA Margin (%) PAT & PAT Margin (%) 7.7% 1.7% -0.8% 4.9% 7.5% 9.9% 6.7% -0.6% -5.2% 0.0% 3.0% 6.0% 4,929.0 368.3 269.1 4,288.0 soma 41003 3103 ! - 150.2 137.8 225.7 208.0 22,2842 14 - 69.9 -246 -30.6 -203.4 Fy22 Fy23 Fy24 FY25 F
Slide 23: Financial Ratios
Financial Ratios INDO RAMA Debt — Equity Ratio (times) Return on Equity Ratio (%) Return on Capital Employed Ratio (%) 57.7 42.5 339 38.2 _ 203 0.4 . l 12.8 13 42 3.0 . 5 N | 433 -5.0 FY22 FV23 FY24 FY25 FY26 H1FY27 FY22 FY23 FY24 FY25 FY26 H1FY27 FY22 FY23 FY24 FY25 FY26 H1FY27 Inventory Turnover R
Slide 24: Consolidated Profit & Loss Statement — Q2 & H1 FY27
Consolidated Profit & Loss Statement — Q2 & H1 FY27 INDO RAMA [ Particulars®s.ncy | axvz | a2 | vov | vz | qoa | miFvz7 | HiF26 | Yoy | Revenue From Operations 1,340.6 1,220.6 936.6 2,277.3 2,526.4 Other Income 34 17 3.6 7.0 4.6 Total Income 1,344.0 1,222.4 10.0% 940.2 43.0% 2,284.2 2,530.9 -9.7% Op
Slide 25: Consolidated Profit & Loss Statement
Consolidated Profit & Loss Statement INDO RAMA Particulars (Rs. in Cr) FY 22 FY23 FY24 FY25 FY26 H1FY27 Revenue From Operations 4038.1 4,084.9 3,873.3 4,258.9 4,910.1 2,277.3 Other Income 6.3 244 6.8 29.0 19.0 7.0 Total Income 4044.4 4,109.3 3,880.1 4,288.0 4,929.0 2,284.2 Operating Expense 2967.8 3
Slide 26: Consolidated Balance Sheet
Consolidated Balance Sheet INDO RAMA Particulars (Rs. in FY 22 FY23 FY24 FY25 FY26 H1FY27 ASSETS Non-Current Assets Property, plant and equipment 673.2 760.9 1,197.4 1,254.5 1,225.1 1,214.7 Right of use assets 28.4 219 19.6 9.2 7.1 6.0 Capital work-in-progress 35.1 324.4 105.3 36.1 42.0 38.5 Intangi
Slide 27: Consolidated Balance Sheet
Consolidated Balance Sheet INDO RAMA Particulars (Rs. in Cr) FY22 FY23 FY24 FY25 FY26 H1FY27 EQUITY AND LIABILITIES Equity Equity Share Capital 261.1 261.1 261.1 261.1 261.1 261.1 Other Equity 339.1 3116 107.0 107.1 258.1 395.9 Total Equity 600.2 572.7 368.1 368.2 519.2 657.0 Liabilities Non-current
Slide 28: Cash Flow Statement
Cash Flow Statement INDO RAMA Particulars (Rs. FY22 FY23 FY24 FY: H1FY27 Profit Before Tax 219.4 -24.7 -203.4 1.4 150.2 137.6 Adjustments for: Non-Cash Items/ Other Investment or Financial Items 94.0 70.8 170.6 183.8 165.7 79.1 ’ Operating profit before working capital changes 3135 46.1 -32.8 185.2
Slide 29: Annexure
Annexure Investor Presentation @
Slide 30: Esteemed Board of Directors (1/2)
Esteemed Board of Directors (1/2) INDO RAMA Mr. Om Prakash Lohia Mr. Vipin Kumar Mr. Vishal Lohia Mr. Sanjay Gupta Promoter, Chairman and Managing Non-Executive Non-Independent Promoter and Executive Director Whole-time Director Director Director ® ® O] ® 57 years of experience in the Over 24 years
Slide 31: Esteemed Board of Directors (2/2)
Esteemed Board of Directors (2/2) INDO RAMA Mr. Dharmpal Agarwal Mr. Ravi Capoor Ms. Neeru Abrol Mrs. Ambika Sharma Mr. Atim Kabra Independent Director Independent Director Independent Director Independent Director Independent Director ® O] ® ® ® Chairman and Managing Director Retired IAS officer; f
Slide 32: Our Core Team
Our Core Team INDO RAMA Mr. Adheesh Sharma Mr. Siddharth Vohra Mr. Ashok Yadav Mr. Umesh Kumar Agrawal Mr. Rakesh Bagrodia Lead - Sales & Marketing Team for Lead - Sales & Marketing Team for Company Secretary and Compliance Chief Commercial & Financial Officer Head Commercials Polyester Staple fibre
Slide 33: ESG & Sustainability
ESG & Sustainability INDO RAMA ENVIRONMENT SOCIAL @ GOVERNANCE Resource efficiency and lower environmental footprint People, communities and shared progress Strong oversight, transparency and ethical business practices 9.90 8.556 v 14% o, o 82 100%o FY2425 FY25-26 Vs, FY24.25 &2 3,192 n 9 Energy int
Slide 34: Thank You
INDO RAMA Indo Rama Synthetics (India) Ltd. CIN : L17124MH1986PLC166615 E-mail: [email protected] www.indoramaindia.com Mr. Ashok Yadav (Company Secretary and Compliance Officer) Mobile: 9643301125 THANK YOU
Indo Rama Synthetics (India) — Q2 FY2027 Earnings Presentation on 6ix