Sugs Lloyd Limited · BSE:SUGSLLOYD
Sugs Lloyd — H1 FY2027 Earnings Presentation
30 slides from Sugs Lloyd's earnings presentation, Nov 1, 2026
Slide 1: Regulation 30 disclosure letter to BSE
oO ian SUGS LLOYD LIMITED ISO 9001: 2015 CERTIFIED Corporate Office: 2"! Floor Logix Park, SUGS LLOYD Plot No A4 and 5 Sector 16, Noida, Uttar Pradesh, India, 201301 E mail: [email protected] Date: November 01°, 2026 To BSE Limited, Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai — 400001. C
Slide 2: Sugs Lloyd: Executing India's Energy Future
Sugs Lloyd Executing India’s Energy Future Ee: 544501 | Symbol: SUGSLLOYD | ISO 9001 - 14001 - 45001 certified ) VE 4 EARNINGS PRESENTATION -Q2.& HI FY2Z y LL w Quarter and half year ended 30 September 2026 4 a s
Slide 3: Disclaimer
Disclaimer EO SUGS LLOYD e e This presentation has been prepared by Sugs Lloyd Limited (“Sugs Lloyd” or “the Company”) for information only. It is not an offer to sell, or a solicitation of an offer to buy, any securities of the Company, and it is not investment advice. No part of it should be relie
Slide 4: Company overview
Company overview eoLLOYD SUGS An EPC and grid-products company built around India’s power distribution networks e Source: Annual Report FY26 @ 17+ years PRODUCT RANGE operating since 2009 FPI, AR-VCB and SCADA %300.7 Cr i FY26 revenue, up 71% Power T&D Solar EPC Grid products Civil 80+ Distribution
Slide 5: Q2 FY27 at a glance
Q2 FY27 at a glance SUGS eo LLOYD Execution on the Patna project carried the quarter; seven new orders took the book well beyond Bihar Standalone - year-on-year comparisons only @ PROFIT AND LOSS - Q2 FY27 AGAINST Q2 FY26 REVENUE EBITDA PAT EPS %134.9 Cr %19.0 Cr %12.5 Cr 25.39 A 112% YoY A 91% YoY,
Slide 6: Management commentary
Management commentary SUGS go LLOYD Santosh Kumar Shah, Chairman and Managing Director, on the quarter and the half year H1 FY27 has been the strongest half-year in our history, with revenue growing 73% to 2213.31 crore and PAT increasing 69% to 220.01 crore. Q2 revenue more than doubled to 2134.91
Slide 7: Financial performance
O1 WereelmeseKe etre: Q2 FY27 financial performance Oy) Q2 FY27 profit and loss statement oF) H1 FY27 financial performance 09 Segment-wise revenue 10 Balance sheet il Borrowings and returns 12 Historical track record Aie}
Slide 8: Q2 FY27 financial performance
Q2 FY27 financial performance SUGS ec LLOYD Revenue, EBITDA and PAT against the same quarter last year and the previous quarter e % Cr - Standalone : latest quarter first ©@ Revenue from operations A 112% YoY EBITDA A 91% YoY Profit after tax A 108% YoY A 72% QoQ A 59% QoQ A 67% QoQ 134.9 19.0 12.5
Slide 9: Q2 FY27 profit and loss statement
Q2 FY27 profit and loss statement eo SUGS LLOYD Standalone results for the quarter ended 30 September 2026 e % Cr unless otherwise stated - Standalone @ aa Q2 FY27 Q2 FY26 YoY Q1 FY27 QoQ REMARKS Revenue from operations 134.91 63.62 112.1% 78.40 72.1% Revenue Cost of materials 87.79 35.16 149.7% 31.
Slide 10: H1 FY27 financial performance
H1 FY27 financial performance eo SUGS LLOYD Revenue up 73% and PAT up 69% in the half; EBITDA margin 81 bps lower on the material mix e = Cr-Standalone ® Cr H1 FY27 H1 FY26 YoY Revenue 213.3 123.0 A 73.4% EBITDA 31.0 18.9 A 64.2% EBITDA margin 14.5% 15.3% V 81 bps Profit after tax 20.0 11.8 A 69.3%
Slide 11: Segment-wise revenue
Segment-wise revenue SUGS eo LLOYD T&D and smart grid now leads the mix: 92% of Q2 revenue, against 46% in FY26 = Cr - management’s operational split ©@ WM Q2 FY27 Q1 FY27 SHARE OF REVENUE Q2 FY27 Q1 FY27 FY26, full year 46.3 32.0 Q2 FY27 split: 92% / 8% 10.2 Wi T&D andsmart grid [Solar EPC 0.03 0.0
Slide 12: Balance sheet
Balance sheet EOLLOYD SUGS Statement of assets and liabilities at 30 September 2026 (unaudited) against 31 March 2026 (audited) e %Cr-Standalone @ Equity and liabilities 30 Sep 26 31 Mar 26 Assets 30 Sep 26 31 Mar 26 Shareholders’ funds 157.22 137.21 Fixed assets and investments 1.87 1.71 Long-term
Slide 13: Borrowings and returns
Borrowings and returns SUGS go LLOYD Gross debt rose %94 Cr in H1 to %163 Cr; debt / equity 1.04x against the 1.1-1.2x ceiling e Standalone : latest first ©@ ET WA Key Me Oot Tea ty SAID ON THE Q1 F¥27 CALL =" Debt / equity ceiling Gross debt 2163.1 Cr 31 Mar 26: 868.9 Cr - 30 Jun 26: 891 Cr / equit
Slide 14: Historical track record
Historical track record EO SUGS LLOYD Revenue has compounded at 103% a year since FY23, with EBITDA margin at 14-15% since FY24 e % Cr - full years - CAGR FY23-FY26 ®@ Revenue from operations EBITDA Profit after tax CAGR 103% CAGR 149% CAGR 132% 300.7 43.6 28.7 25.8 16.8 10.5 65.1 9.2 35.8 2.8 2.3 F
Slide 15: Order book
Q2 Order book Order book movement, Q2 FY27 15 A quarter of landmark wins 16 Orders won in Q2 FY27 W/ Order book composition 18 Bid pipeline 19
Slide 16: Order book movement, Q2 FY27
Order book movement, Q2 FY27 eoLLOYD SUGS Orders won in the quarter were more than twice the revenue booked against the book e = Cr- excluding GST @ COVERAGE 1,067.4 %395 Cr won in Q2, ex-GST; 2466 Cr including GST, as disclosed 807.0 2.9x Q2 book-to-bill (orders won / revenue) 3.5x order book/ FY26
Slide 17: A quarter of landmark wins
A quarter of landmark wins SUGS ec | LLOYD Seven orders worth %466 Cr including GST, all outside Bihar, led by Punjab RDSS and Tata Power Odisha e %Cr-including GST @ 466 Cr Seven orders won in Q2 FY27, including GST - 3395 Cr ex-GST =213.48 Cr Punjab RDSS: LT and HT loss reduction PSPCL : Faridkot
Slide 18: Orders won in Q2 FY27
Orders won in Q2 FY27 eo SUGS LLOYD Seven orders worth %395 Cr ex-GST, led by Tata Power Odisha network O&M and Punjab RDSS e Cr - latest first ©@ DF a=] Client Scope Incl. GST Ex-GST Term Golden Temple, Amritsar 28 Sep Sri Harmandir Sahib 2 MW (AC) ground-mount solar EPC; 10-year O&M 8.90 7.54 Sola
Slide 19: Order book composition
Order book composition eo SUGS LLOYD The Q2 awards, all outside Bihar, cut Bihar’s share of the book from 82% to about 55% e % of order book by state : latest first © WB Pro forma, with Q2 awards 31 Jul 2026, before the Q2 awards CONCENTRATION 0 Bihar ° 3 35 % 82.4% Bihar’s share of the book, pro fo
Slide 20: Bid pipeline
Bid pipeline eo e e e eo I SUGS LLOYD 1,260 Cr of tenders at the final stage; storage and transmission bids come on top of the FY28 target e % Cr - tenders tracked by stage @ Stage Power T&D Solar + BESS Niche products Total 1,12,300 At final stage 00 oe 1,260 Strike rate Management guides to winnin
Slide 21: Company and outlook
US Company and outlook Geographical presence and clients 21 Industry opportunity v2 Grid modernisation 23 Solar today, storage next 24 Grid products 25 Strategic priorities 26 Outlook 27 Board and leadership team 28
Slide 22: Geographical presence and clients
Geographical presence and clients SUGS So LLOYD Ten states, with government utilities, PSUs and central schemes behind nine-tenths of the book Pan-India operations X1,067 Cr 10 states 91% order book, 30 Sep 2026 9 at FY26; Madhya Pradesh of the book with government added in Q2 utilities, PSUs and ce
Slide 23: Industry opportunity
Industry opportunity go SUGS LLOYD Each Sugs Lloyd vertical sits ina market with funded government programmes behind it ET a cis Size i darlmelen ecm Where Sugs Lloyd will target orders Distribution reform =2.83 lakh C 4.4 lakh DTs and 1,100 substations still to install; Bid re-tendered works where
Slide 24: Grid modernisation
Grid modernisation EOLLOYD SUGS Transmission, distribution reform and feeder automation: the market, and where Sugs Lloyd goes next e Market outlook ®@ Transmission Distribution (RDSS) Feeder automation Opportunity Opportunity Opportunity = 31.57 lakh Cr TBCB bidding pipeline = 31.00 lakh Cr of sanc
Slide 25: Solar today, storage next
Solar today, storage next go SUGS LLOYD The two growth markets beyond the current order book e Market outlook@ Stage 01 - Solar Stage 02 - Battery storage 365 GW needed by 2032 236 GWh needed by 2032 Today Po ~171 GW (Sep 2026) Today i ~4.7 GWh (May 2026) Target EE 365 GW Target EE 236 GWh 24.4 GW o
Slide 26: Grid products
Grid products eo SUGS LLOYD Fault passage indicators are the base for a wider grid-equipment range e Fault passage indicators, reclosers and automation ®@ FAULT LOCATION FAULT ISOLATION INTEGRATION Fault passage indicators Auto-reclosers and sectionalisers SCADA, OMS and ADMS Locate faults on 11 kV
Slide 27: Strategic priorities
Strategic priorities eo SUGS LLOYD Five priorities behind one target: 1,000 Cr of revenue in FY28 e Business priorities for 2026-27 @ O1 Growth Grow revenue, EBITDA and PAT together and widen the business by state and client, on the way to 21,000 Cr of revenue in FY28 5 sl OOO C 02 Cash flow I f Fas
Slide 28: Outlook
Outlook EOLLOYD SUGS Management has guided to about %1,000 Cr of revenue in FY28, with EBITDA margin sustained at about 15% e Targets as stated on the Q1 FY27 call, 31 Jul 2026 @ nw %1,000 Cr nw 15% FY28 revenue target EBITDA margin, sustained REVENUE PATH TO THE FY28 TARGET, % CR FY24 6s.1 Fv25 I 1
Slide 29: Board of directors and leadership team
Board of directors and leadership team _& A founder-led board with three independent directors, and the team running execution e e BOARD OF DIRECTORS Santosh Kumar Shah Priti Shah Kapil Dev Marwah Kavita Rani Rajveer Singh Dilip Kumar Agarwalla Chairman and MD Whole-time Director Executive Director
Slide 30: Thank You
ed SUGS LLOYD INVESTOR CONTACT Thank You Nimmy Singh Chauhan Company Secretary and Compliance Officer compliance @sugslloyds.com : +91 120 455 8247 - www.sugslloyds.com For Your Interest. Corporate office: 2nd Floor, Logix Park, Plot No. A4 and 5, Sector 16, Noida, Uttar Pradesh 201301 Registered of