Elin Electronics Limited — PPTs, 08-02-2025: Investor Presentation

**Financial Highlights:** Elin Electronics reported Q3FY25 total operating income of INR 2,663 million, marking a 13% increase year-on-year, though it saw a 13% decline sequentially. EBITDA was INR 76 million, down 11% YoY largely due to rising material costs and labor expenses tied to new product quality issues. Profit After Tax (PAT) dwindled by 47% year-on-year to INR 14 million, with the EBITDA margin slightly decreasing to 2.9%.

**Strategic Initiatives and Growth Drivers:** The growth in YoY revenue was driven primarily by volume increases across various segments except for lighting and fans. The precision components and medical cartridges units significantly contributed to revenue growth. However, Q3 revenue was affected by seasonal declines.

**Business Developments:** Total revenue comprised both EMS (INR 1,912 million) and non-EMS (INR 751 million) sectors. Notably, personal care products showed strong growth, and the company continues to develop new products, including electric kettles and air fryers.

**Market Position and Competitive Advantage:** Despite challenges in lighting due to weak demand and price competition, the company's diversification into multiple product lines positions it well for recovery in various segments.

**Investor Implications:** Given the strong YoY revenue growth amidst seasonal challenges, investors should maintain a positive outlook for future quarters, particularly with ongoing product development and expected operational improvements. Watch closely for results from new product launches and recovery in lighting demand.