Subros Limited — PPTs, 07-08-2025: Investor Presentation

**Financial Highlights:**

Q1 FY25-26 revenue hit ₹878.25 Cr (+8.45% YoY), with EBITDA at ₹87.70 Cr (+9.05%, 10.02% margin). PBT grew to ₹54.44 Cr (+15.43%) and PAT to ₹40.66 Cr (+16.48%). Sequential dips resulted from customer shutdowns, delayed new product launches, and higher manpower costs, partially offset by material cost improvements.

**Strategic Initiatives & Growth Drivers:**

The company plans growth aligned with industry trends, expanding its Commercial Vehicle (CV) segment and pursuing Green Mobility opportunities (EV, SHEV, CNG). Key focus areas are technology upgrades for regulatory compliance, cost optimization, and capacity enhancement.

**Business Developments:**

New business was secured in PV and CV segments. Q1 saw the start of production (SOP) for Truck Aircon and an EV vehicle. Development for future models is active, and revenue growth was boosted by increased volumes and the Railways business.

**Market Position & Competitive Advantage:**

Subros is India's largest AC & Thermal Products company, holding 42% of Passenger Car AC and 44% of Truck Aircon/Blower market shares. Its strength lies in backward integration, pan-India reach, diversified segments, and technology collaboration with Denso Japan.

**Investor Implications:**

The quarter indicates positive growth potential from new projects and segment expansion (EV, Railways). Effective execution of strategic initiatives and managing operational fluctuations remain crucial.