This document is a presentation made to investors on August 21, 2026, summarizing Triton Valves Limited's (TVL) performance for the first quarter of the financial year 2027 (Q1 FY27). The presentation was submitted to BSE Limited pursuant to Regulation 30 of the SEBI (LODR) Regulations, 2015. The company confirmed that no unpublished price sensitive information was to be shared during the meeting.

Key Corporate Actions Completed in Q1 FY27

  • Completed a bonus issue of shares in the ratio of 3 fully paid-up equity shares for every 1 share held.
  • Completed the merger of TritonValves Climatech Private Limited with Triton Valves Limited.
  • Implemented net reporting of brass borings sales from Q1 FY27, reflecting the inter-segment material flow where the by-product of the Automotive Business Unit is the raw material for the Metals Business Unit.

Consolidated Financial Performance Q1 FY27

  • Revenue: INR 186.60 crore, up from INR 134.73 crore (YoY growth of 38.5%) and INR 159.33 crore (QoQ growth of 17.1%).
  • EBITDA: INR 12.41 crore, up from INR 11.31 crore (YoY) and INR 8.84 crore (QoQ).
  • PBT (Profit Before Tax): INR 6.15 crore, up from INR 2.34 crore (YoY) and INR 4.74 crore (QoQ).
  • PAT (Profit After Tax) - Normal: INR 5.25 crore.
  • PAT (Profit After Tax) - Reported: INR 9.79 crore, up from INR 1.54 crore (YoY) and INR 3.60 crore (QoQ). The reported PAT includes a one-time income tax credit of INR 4.54 crore arising from the merger with TritonValves Climatech.

Segment-Wise Revenue Performance (INR crore)

| Segment | Q1 FY26 | % of Total | Q1 FY27 | % of Total | YoY Growth | Q4 FY26 | QoQ Growth |

| Automotive | 77.99 | 57.9% | 103.72 | 55.6% | 33.0% | 86.18 | 20.4% |

| Metals | 52.23 | 38.8% | 78.99 | 42.3% | 51.2% | 68.80 | 14.8% |

| Climate Control | 4.51 | 3.3% | 3.89 | 2.1% | -13.7% | 4.36 | -10.7% |

| Group Total | 134.73 | 100.0% | 186.60 | 100.0% | 38.5% | 159.33 | 17.1% |

Segment Performance Drivers:

  • Automotive: Growth attributed to superior volume-mix, increased realization, and commodity impact.
  • Metals: Growth driven by an increasing share of special alloys and higher volumes.
  • Climate Control: Sluggish sales as expected, due to seasonal impact.

Standalone Financial Performance (Triton Valves Ltd SA)

| Metric (INR cr) | Q1 FY27 | Q4 FY26 | Q1 FY26 | QoQ Growth | YoY Growth |

| Sales Revenue | 107.61 | 117.62 | 104.29 | - | - |

| Total Sales | 142.20 | 117.62 | 104.29 | 20.9% | 36.4% |

| IndAS Net Impact | (34.59) | - | - | - | - |

| Gross Contribution | 32.31 | 30.69 | 25.28 | - | - |

| Gross Margin % | 30.0% | 26.1% | 24.2% | 394 bps | 579 bps |

| Operating Profit | 6.53 | 7.19 | 3.97 | - | - |

| Operating Margin % | 6.1% | 6.1% | 3.8% | -4 bps | 226 bps |

| EBITDA* | 7.95 | 8.15 | 5.55 | - | - |

| EBITDA Margin % | 7.4% | 6.9% | 5.3% | 46 bps | 206 bps |

| PBT | 3.38 | 3.08 | 0.87 | - | - |

| PBT Margin % | 3.1% | 2.6% | 0.8% | 52 bps | 231 bps |

| Income Tax (Merger effect) | (4.54) | - | - | - | - |

| Income Tax (normal) | 0.44 | 0.82 | 0.56 | - | - |

| PAT (normal) | 2.94 | 2.26 | 0.31 | - | - |

| PAT (reported) | 7.48 | 2.26 | 0.31 | - | - |

*EBITDA is defined as Operating Profit + Other Income.

Standalone Notes:

1. IndAS Net: Impact of accounting for Triton Valves' by-product sales as a negative material cost, commenced from Q1 FY27 (INR 34.59 cr).

2. Merger effect: Income tax credit available to Triton Valves for deferred tax credit not availed by TritonValves Climatech (INR 4.54 cr).

3. The standalone results include Climate Control operating results as a consequence of the merger.

Balance Sheet Highlights (Consolidated, INR crore)

| Item | Jun-26 | Mar-26 | Movement |

| Fixed Assets | 90.41 | 90.59 | (0.18) |

| Inventory | 138.20 | 121.79 | 16.41 |

| Receivables | 82.56 | 75.50 | 7.06 |

| Cash and Bank | 2.37 | 3.54 | (1.17) |

| Total Assets | 352.38 | 324.84 | 27.54 |

| Accounts Payable | 50.63 | 54.02 | (3.39) |

| Short Term Loans | 133.40 | 119.32 | 14.08 |

| Long Term Loans | 24.18 | 15.74 | 8.44 |

| Share Capital | 5.12 | 1.28 | 3.84 |

| Reserves and Surplus | 132.93 | 127.03 | 5.90 |

| Net Worth | 138.05 | 128.31 | 9.74 |

Balance Sheet Commentary:

  • Fixed Assets: All planned capex are progressing as per schedule; cash outflow will start from Sep 2026.
  • Inventory and Receivable increases are in line with business requirements.
  • Payable was lower due to market requirement for upfront raw material payment for the Metals Segment.
  • Increase in short-term loans is in line with the drawing power based on inventory/receivable.
  • Share Capital increase is due to the Bonus Issue.

Cash Flow Analysis (Consolidated, Q1 FY27, INR crore)

  • Operating Cash Profit: 12.41
  • Increase in Management Working Capital (Paid Inventory and Receivable): (26.85)
  • Net Tax Credit: 3.65
  • Other Non-financial items: (5.37)
  • Operating Cash Flow: (16.16)
  • Investment Cash Flows: (4.27)
  • Total Cash Outflow: (20.44)
  • Funded by Loans (net of interest payment): 19.27
  • Funded by Cash Balance Utilization: 1.17

Key Ratio Analysis (Consolidated)

| Ratio | Jun-26 | Mar-26 | Movement |

| ROCE (annualised) | 12.5% | 11.0% | 153 bps |

| Current Ratio | 1.27 | 1.20 | 7 bps |

| Debt Servicing Coverage | 2.33 | 1.88 | 45 bps |

| Debt/Equity | 36.3 | 40.4 | (4.0) |

| Debt/EBITDA (annualised) | 22.2 | 28.9 | (6.7) |

| Receivable Days | 71.6 | 76.9 | (5.3) |

| Payable Days (on sales) | 85.7 | 88.4 | (2.8) |

| Inventory Days | 153 | 145 | 8 |

| Cash Conversion Days | 139 | 134 | 5 |

Growth Strategy and Outlook

The presentation outlined key growth drivers:

  • Sales-led growth: Focus on new products (EV components), global projects (e.g., TPMS for Bosch, Sensata, Aumovio), and a favorable product mix (Tubeless, TPMS). For the Metals segment, the strategy is to move up the value chain with special alloys and mitigate risk by exporting to Western Europe.
  • Production-led efficiency: Focus on cost/output optimization, increasing brass purchase from the Metals segment internally, right-sizing inventory, increasing output and efficiency in the Metals segment, and automation in the Climate Control business.
  • Tritonvalves Future Tech Private Limited was noted as the backward integration entity for the Group, also focusing on selling to external customers.