PEARL GL~ BAL

Exceeding Expectations ... Always

PGIL/SE/2023-24/94

Date: Febrwuy 12, 2024

THE GENERAL MANAGE~ THE GENERAL MANAGE~

DEPARTMENT OF CORPORATE SERVICES - LISTING DEPARTMENT
CRD NATIONAL STOCK EXCHANGE OF INDIA
BSELIMITED LTD.
1sr FLOOR, NEW TRADING RING "EXCHANGE PLAZA", PLOT NO. C- 1,
ROTUNDA BUILDING, P. J. TOWERS G- BLOCK, BANDRA - KURLA COMPLEX,
DALAL STREET, FORT, BANDRA(E),
MUMBAI - 400 001 MUMBAI - 400 051

Reg: Scrip Code: BSE-532808; NSE-PGIL

Sub: Investor Presentation on Financial Result

Dear Sir/Madam,

Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations,
2015, please find enclosed investor presentation on the unaudited Financial Results for the Quarter and
period ended December 31, 2023.

You are requested to take the same on your records.

Thanking you,

Yours faithfully,
for Pearl Global Industries Limited

Shilpa Digitally signed

by Shilpa Budhia

Budhia
Date: 2024.02.12
17:38:54 +05'30'

(Shilpa Budhia)
Company Secretary
ICSI Mem. No. ACS-23564

Encl: As above

Pearl Global Industries Limited

Corp. Office: Pearl Tower, Plot No. 51, Sector-32, Gurugram -122001, Haryana (India)
T: +91-124-4651000 I E: [email protected]
CIN: L74899DL1989PLC036849
Regd. Office: C-17/1. Paschimi Marg, Vasant Vihar. New Delhi - TI0057

• I' J I I' L
Pearl Global Industries Limited
Investor Presentation
February 2024
1
Safe Harbour
This presentation has been prepared by and is the sole responsibility of Pearl Global Industries Limited (the “Company”). By accessing this presentation, you are agreeing to be bound
by the trailing restrictions.

This presentation does not constitute or form part of any offer or invitation or inducement to sell or issue, or any solicitation of any offer or recommendation to purchase or subscribe
for, any securities of the Company, nor shall it or any part of it or the fact of its distribution form the basis of, or be relied on in connection with, any contract or commitment thereof.
In particular, this presentation is not intended to be a prospectus or offer document under the applicable laws of any jurisdiction, including India. No representation or warranty,
express or implied, is made as to, and no reliance should be placed on, the fairness, accuracy, completeness or correctness of the information or opinions contained in this
presentation. Such information and opinions are in all events not current after the date of this presentation. There is no obligation to update, modify or amend this communication or
to otherwise notify the recipient if the information, opinion, projection, forecast or estimate set forth herein, changes or subsequently becomes inaccurate.

Certain statements contained in this presentation that are not statements of historical fact constitute “forward-looking statements.” You can generally identify forward looking
statements by terminology such as “aim”, “anticipate”, “believe”, “continue”, “could”, “estimate”, “expect”, “intend”, “may”, “objective”, “goal”, “plan”, “potential”, “project”, “pursue”,
“shall”, “should”, “will”, “would”, or other words or phrases of similar import. These forward-looking statements involve known and unknown risks, uncertainties, assumptions and
other factors that may cause the Company’s actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or
implied by such forward-looking statements or other projections. Important factors that could cause actual results, performance or achievements to differ materially include, among
others: (a) our ability to successfully implement our strategy, (b) our growth and expansion plans, (c) changes in regulatory norms applicable to the Company, (d) technological
changes, (e) investment income, (f) cash flow projections, and (g) other risks.

This presentation is for general information purposes only, without regard to any specific objectives, financial situations or informational needs of any particular person. The Company
may alter, modify or otherwise change in any manner the content of this presentation, without obligation to notify any person of such change or changes.
2
Q3 & 9M FY24
Highlights
Message from the Management

Commenting on the Results, Mr. Pulkit Seth, Vice-Chairman & Non-Executive Director, said, “We are happy to
report highest ever nine months performance since the inception. This achievement is attributed to a 20% rise in
overseas revenue, primarily driven by sales growth in Bangladesh and Vietnam. Upholding our multinational
presence and implementing diverse sustainability measures remain pivotal in successfully navigating today's
business environment. We maintain an optimistic view of the company's long-term growth potential.”

Commenting on the Results, Mr. Pallab Banerjee, Managing Director said, “I am pleased to report that our performance
in the 9 months of FY24 has been positive, witnessing YoY growth across all metrics. Enhanced operational efficiency,
alongside increased profitability from our Bangladesh and Vietnam units, contributed to a 120 bps YoY improvement in
our EBIDTA margin (excluding ESOP expenses). Our commitment to maintaining a multinational presence and
implementing sustainable practices remains steadfast, crucial for navigating today's dynamic business environment
successfully. We maintain a positive outlook regarding the company's long-term growth prospects.”

4
 Business Highlights Q3 & 9M FY24

9MFY24 Revenue: Rs. 2,558.8 Crs, up 5.4% YoY 9MFY24 Adj. EBITDA Margin stood at 9.1%, +120 bps YoY
Q3FY24 Revenue: Rs: 704 cr, down -1.8% YoY Q3FY24 Adj. EBITDA Margin stood at 9.7%

Highest ever nine months performance Adj. EBITDA Margins improved in 9MFY24 due to
Highlights

• Overseas revenue increase by 20% led by growth in sales in • Continues to show improvement based on better operational efficiency
Bangladesh & Vietnam • Increased profitability due to improving efficiency in Bangladesh and
• However, India revenue saw an adverse impact due to shifting of Vietnam units
sales for customer to competitive location like Bangladesh

ROCE* Credit Rating

+440 bps
26.3%

ROCE improved from 21.9% in 9MFY23 to 26.3% in 9MFY24 ICRA upgraded the long-term rating to [ICRA]A- from [ICRA]BBB+ and the
due to: short-term rating to [ICRA]A2+ from [ICRA]A2
• Improved asset turns
• And improvement in profitability as mentioned above

Robust Governance Control

KPMG appointed as a statutory auditor in
Bangladesh

*ROCE calculated on a TTM basis for 9MFY24

ROCE for 9MFY24 = TTM EBIT / (Total Shareholder’s equity + Total Net Debt + Cash ear marked for LC payments)
Adj. EBITDA excludes ESOP expenses 5
Strengthening the Board

Dr. Rajiv Kumar, Non-Executive, Independent Mr. Sanjay Kapoor, Non-Executive, Independent Mr. Ashwini Agarwal, Non-Executive, Independent
Director Director Director

• Chairman of Pahle India Foundation, a non-profit • Founder & President, Genesis Luxury Fashion Pvt • Founder and partner of Demeter Advisors LLP, a
making research think tank Ltd Mumbai-based family office firm
• Member of Global Leadership Council, GASP,
New York • A banker turned entrepreneur with 2+ decades • A seasoned equity investor with 3+ decades of
• Director on Parley India Foundation of experience in the Indian Fashion Industry experience across emerging markets, especially
• Chancellor of Gokhale Institute of Politics and India and South Asia
• Genesis Luxury is now a part of Reliance Brands
Economics, Pune Limited (RBL), a subsidiary of Reliance Industries • Previously associated with, Ashmore Group plc
• Chairman of the Board of Governors of the Giri Limited as portfolio Manager and head of the India team
Institute of Development Studies, Lucknow
• Previously associated with NITI Aayog as Vice • Mr Kapoor has been pivotal in introducing • Prior to Ashmore, he has worked with UBS,
Chairman several luxury International brands into India Kotak Securities, SSKI and SBI Mutual Fund in
such as Giorgio Armani, Emporio Armani, several capacities
• He has a wide experience spanning across 4+ Armani Exchange, Paul Smith, Bottega Veneta,
decades having worked in academia, Jimmy Choo, Tumi, Coach and Michael Kors • Mr. Agarwal is an alumnus of Shri Ram College of
government, industry as well as in multilateral Commerce and IIM, Bangalore
institutions • Member of Young Presidents Organization (YPO)
and a recipient of several awards for his
• Dr. Kumar has a Ph.D in Ecnomics from Lucknow innovative initiatives in fashion retailing
University and a D.Phil from Oxford University
• Mr Kapoor is an alumnus of Shri Ram College of
Commerce and University of Rochester
6
 Highest Ever Consolidated Group Performance – 9M FY24
Revenue Adj EBITDA*
In Rs. Crs.
9.1%
7.9%
2,558.8
2,428.5 5.5% 232.5
192.7
COVID-19 Impact 1,817.5 COVID-19 Impact
4.5%

1,166.7 3.0%
966.1 100.8

52.2
29.3
9MFY20 9MFY21 9MFY22 9MFY23 9MFY24
9M FY20 9M FY21 9M FY22 9M FY23 9M FY24

EBITDA EBITDA Margin(%)

Adj PBT*
PAT
5.1% 5.4%
160 6.0 %

140
5.0 %
4.7%
4.1%
120

2.6% 4.0 %

124.2
100

2.5% 137.6 3.0 %

2.3% 120.1
99.7
80

2.0 %

60 COVID-19 Impact COVID-19 Impact

40
1.0 %

2.0%
47.3 0.0 %

20

29.0 -18.5
-1.0%

41.6
-2.0%
-20

-1.9% 22.9 0.2%

9M FY20 9M FY21 9M FY22 9M FY23 9M FY24
-40 -3.0%

1.8
9M FY20 9M FY21 9M FY22 9M FY23 9M FY24
Adj PBT Adj PBT Margin(%)
*Adj. EBITDA excludes Esop expenses
PAT PAT Margin(%) 7
*Adj PBT excludes exceptional items
 Consolidated Group Performance – Q3 FY24
Revenue Adj EBITDA*

10.2% 9.7%

700.0 717.1 704.0 73.2

6.1% 68.6
5.5%
350.3 360.1 42.7
2.7%

19.2
9.7
Q3FY20 Q3FY21 Q3FY22 Q3FY23 Q3FY24
Q3 FY20 Q3 FY21 Q3 FY22 Q3 FY23 9M FY24

Adj EBITDA Adj. EBITDA Margin(%)

Adj PBT* PAT
50 8.0 %

6.5%
6.0 % 5.2% 4.8%
40

46.4
4.9%
4.0 %

30

3.1% 34.5 37.4

2.3% 2.0 %

33.8
2.4%
20

21.5 0.0 %

10
3.2%
7.9
-1.7% -2.0%

1.5% 16.8
0

-6.0
-4.0%

11.4

5.3
-10 -6.0%

Q3 FY20 Q3 FY21 Q3 FY22 Q3 FY23 Q3 FY24

Q3 FY20 Q3 FY21 Q3 FY22 9M FY23 9M FY24
Adj PBT Adj. PBT Margin(%)
*Adj. EBITDA excludes Esop expenses
PAT PAT Margin(%) 8
*Adj PBT excludes exceptional items
Consolidated Profit and Loss Statement

Particulars (in Rs. Crs) Q3 FY24 Q3 FY23 Y-o-Y Q2FY24 Q-o-Q 9M FY24 9M FY23 Y-o-Y
Revenue from Operations 704.0 717.1 -1.8% 960.6 -26.7% 2,558.8 2,428.5 5.4% 9MFY24 Revenue: Rs. 2,558.8 Crs, up 5.4% YoY
Cost of Goods Solds 305.0 333.5 532.2 1,289.9 1,273.1 ▪ Overseas revenue increase by 20% led by growth
Gross Profit 399.0 383.6 4.0% 428.4 -6.9% 1,268.9 1,155.3 9.8% in sales in Bangladesh & Vietnam
▪ However, India revenue saw an adverse impact
Gross Profit Margin 56.7% 53.5% 44.6% 49.6% 47.6% due to shifting of sales for customer to
Employee Cost 163.6 145.5 159.6 479.2 419.0 competitive location like Bangladesh
Other Expenses 166.8 165.0 189.4 557.3 543.6
Increase in EBIDTA Margin:
Adj. EBITDA 68.6 73.2 -6.3% 79.4 -13.6% 232.5 192.7 20.6%
▪ Continues to show improvement based on better
Adj. EBITDA Margin 9.7% 10.2% 8.3% 9.1% 7.9% operational efficiency
ESOP Expenses 3.2 0.0 1.9 6.1 0.0 ▪ Increased profitability due to improving efficiency
Depreciation 16.2 12.5 15.6 45.3 36.8 in Bangladesh and Vietnam units
Other Income 2.8 3.2 7.3 17.5 17.2
Increase in Finance Cost is due to:
EBIT 51.9 63.9 -18.7% 69.2 -25.0% 198.6 173.1 14.7% ▪ Increase in factoring cost to the tune of Rs. 6.2 crs
EBIT Margin 7.4% 8.9% 7.2% 7.8% 7.1% on YoY basis
Finance Cost 17.4 17.5 23.7 60.9 48.9 ▪ Increase in interest on short-term and long-term
borrowings
Exceptional Item Gain / (Loss) (0.1) (2.0) (0.1) 0.0 (4.3)
▪ Increase in interest for lease amortization
Profit before Tax 34.6 44.4 -22.1% 45.5 -24.0% 137.7 119.9 14.8%
Profit before Tax Margin 4.9% 6.2% 4.7% 5.4% 4.9% Tax Rate:
Tax 0.8 7.0 6.6 17.5 20.2 ▪ Effective Tax rate is lower due to high
concentration of profit in overseas entities
Profit After Tax 33.8 37.4 -9.6% 39.0 -13.2% 120.1 99.7 20.5%
Profit After Tax Margin 4.8% 5.2% 4.1% 4.7% 4.1%
EPS 16.49 15.42 18.32 56.94 42.94

9
Consolidated Performance Highlights 9M FY24
Geographical Revenue Split (Rs in Crs) No. Of Pieces Shipped (Mn pieces) Product wise Split

3,158

2,714 38.0
1,104 2,559 36.1

934 634

58% 59% 55%

1,685 63%
70%
1,491

825
771
2,055
1,925
1,780

42% 41% 45%

860 37%
720 30%

FY20 FY21 FY22 FY23 9M FY24 9M FY23 9M FY24 FY20 FY21 FY22 FY23 9M FY24

India Rest Of The World Woven Knit

10
Standalone Financial
Statements
Standalone Profit and Loss Statement

Profit and Loss (in Rs. Crs) Q3 FY24 Q3 FY23 Y-o-Y Q2 FY24 Q-o-Q 9M FY24 9M FY23 Y-o-Y
Revenue from Operations 157.6 200.8 -21.5% 218.5 -27.9% 633.6 829.2 -23.6%
Cost of Goods Solds 46.8 70.4 105.1 270.2 412.7
Gross Profit 110.8 130.4 -15.0% 113.4 -2.3% 363.4 416.5 -12.7%
Gross Profit Margin 70.3% 65.0% 51.9% 57.4% 50.2%
9MFY24 Revenue decreased by 23.6% YoY
Employee Cost 56.1 52.5 53.0 165.8 144.3 ▪ Shifting of sales for customer to competitive
Other Expenses 55.4 67.8 51.2 168.9 224.1 location like Bangladesh
Adj. EBITDA -0.8 10.1 -107.8% 9.3 -108.5% 28.7 48.2 -40.4% ▪ Reduced demand from few customers owing to
weak demand environment
Adj. EBITDA Margin -0.5% 5.0% 4.2% 4.5% 5.8%
ESOP Expenses 2.4 0.0 1.3 4.3 0.0 Decrease in EBIDTA Margin:
Depreciation 5.8 5.0 5.3 16.2 13.3 ▪ Lower sales adversely affecting efficiency and
Other Income 15.8 7.4 6.4 31.1 24.4 margin
EBIT 6.8 12.5 -45.2% 9.0 -24.2% 39.4 59.3 -33.6%
Increase in other income:
EBIT Margin 4.3% 6.2% 4.1% 6.2% 7.1% ▪ Includes interest on FDR, rental income and dividend
Finance Cost 6.2 7.2 7.6 21.9 22.2 income
Exceptional Item Gain / (Loss) (0.1) (2.1) (0.1) (0.2) (4.9)
Lower effective Tax Rate:
Profit before Tax 0.5 3.2 -82.7% 1.3 -58.9% 17.3 32.1 -46.3%
▪ Tax rate has decreased due to non-taxable
Profit before Tax Margin 0.3% 1.6% 0.6% 2.7% 3.9% passthrough dividend income
Tax (3.0) 0.8 0.1 0.9 6.2
Profit After Tax 3.5 2.3 51.8% 1.2 196.0% 16.3 25.9 -36.9%
Profit After Tax Margin 2.2% 1.2% 0.5% 2.6% 3.1%
EPS 1.63 1.08 0.55 7.53 11.95

12
Financial Highlights
Consolidated Profit And Loss Statement
Profit and Loss (INR CRS.) FY23 FY22 FY21 FY20 FY19
Revenue from Operations 3,158.4 2,713.5 1,490.9 1,685.1 1,757.5
Cost of Goods Sold 1,629.5 1,510.6 768.9 808.3 873.3
Gross Profit 1,528.9 1,202.9 722.0 876.8 884.2
Gross Profit Margin 48.4% 44.3% 48.4% 52.0% 50.3%
Employee Cost 561.5 458.6 325.3 393.2 360.0
Other Expenses 711.9 603.7 336.1 416.7 436.1
EBITDA 255.5 140.6 60.6 66.9 88.1
EBITDA Margin 8.1% 5.2% 4.1% 4.0% 5.0%
Depreciation* 50.8 48.3 44.1 42 25.9
Other Income 22.8 33.5 23.5 49 33.9
EBIT 227.6 125.8 40.0 73.9 96.1
EBIT Margin 7.2% 4.6% 2.7% 5.0% 7.1%
Finance Cost 65.2 46.6 41.3 42.0 30.3
Exceptional Item Gain / (Loss) 13.5 6.7 12.7 -0.7 17.2
PBT 175.8 85.8 11.4 31.2 82.9
PBT Margin 5.6% 3.2% 0.8% 1.9% 4.7%
Tax 22.9 15.7 -6.1 9.5 15.8
PAT 153.0 70.1 17.5 21.7 67.1
PAT Margin 4.8% 2.6% 1.2% 1.2% 4.8%
EPS 68.90 31.46 8.00 9.95 31.06

*includes leasehold amortization from FY20 onwards

14
Consolidated Balance Sheet
Assets (INR CRS.) Mar-23 Mar-22 Mar-21 Mar-20 Mar-19 Equity & Liabilities (INR CRS.) Mar-23 Mar-22 Mar-21 Mar-20 Mar-19
Non - Current Assets 619.5 533.9 533.2 543.1 434.6 Total Equity 742.8 614.9 530.2 513.6 481.4
Property Plant & Equipment 288.2 258.2 213.8 221.9 243.6 Share Capital 21.7 21.7 21.7 21.7 21.7
CWIP 33.1 15.2 47.0 36.1 7.8 Reserves & Surplus 700.8 577.3 495.6 478.9 448.2
Goodwill 19.2 18.0 17.6 17.9 19.0 Non Controlling Interest 20.3 15.9 12.9 13.0 11.5
Intangible assets 1.6 0.7 0.5 0.8 1.1 Non-Current Liabilities 221.0 254.8 244.5 225.4 140.9
Right of use asset 133.9 111.7 98.0 107.3 - Financial Liabilities
Investment Properties 57.4 59.0 60.5 73.9 74.3 (i) Borrowings 89.3 123.8 124.6 99.8 81.1
Investment - Others 54.2 49.9 47.4 30.8 32.8 (ii) Lease Liabilities 96.8 71.6 65.3 69.9 -
Loans 0.3 1.3 21.7 24.5 22.9 (iii) Other Financial Liabilities 4.5 2.4 1.4 2.5 2.2
Other Financial Assets 8.1 11.0 12.2 13.6 14.0 Provisions 28.9 24.3 23.1 20.8 21.1
Deferred Tax Assets (Net) 1.4 0.9 4.7 0.9 1.0 Other Non Current Liabilities 1.0 30.1 30.1 30.0 33.1
Other Non - Current Assets (Net) 20.5 2.1 2.1 7.7 13.5 Deferred Tax Liabilities 0.6 2.6 0.0 2.5 3.4
Other Non Current Tax Assets (net) 1.6 6.0 7.7 7.6 4.5 Current Liabilities 816.8 911.0 519.3 513.3 479.2
Current Assets 1,161.2 1,246.7 760.8 709.2 666.9
Inventories 513.3 539.6 278.8 263.9 236.3 Financial Liabilities
Financial Assets (i) Borrowings 359.1 440.3 199.9 257.2 234.9
(i)Investments 5.6 5.3 7.5 6.9 0.0 (ii) Trade Payables 391.7 438.7 246.8 181.1 181.1
(ii) Trade receivables 209.4 366.6 242.2 220.4 221.8 (iii) Lease 12.5 8.8 8.6 8.1 0.0
(iii) Cash and cash equivalents 256.1 116.9 94.7 88.1 94.3 (iv) Other Financial Liabilities 14.0 9.0 54.6 57.2 51.6
(iv) Bank balances 38.3 32.9 22.3 21.7 17.1 Other Current Liabilities 19.4 9.5 7.4 8.6 8.7
(v) Loans 25.4 34.6 17.1 17.3 16.6 Current tax liabilities (net) 18.8 2.2 0.9 0.6 2.2
Other Financial Assets 8.2 5.9 0.9 1.1 16.9 Provisions 1.4 2.4 1.1 0.7 0.8
Other current assets 104.9 144.9 97.3
Total Assets 1,780.6 1,780.6 1,294.0 1,252.3 1,101.5 Total Equity & Liabilities 1,780.6 1,780.6 1,294.0 1,252.3 1,101.5

15
Consolidated Cash Flow
Particulars (INR CRS.) FY23 FY22 FY21 FY20 FY19

Net Profit Before Tax 175.8 85.8 11.4 31.2 82.9

Adjustments for: Non -Cash Items / Other Investment or Financial Items 67.8 76.2 61.3 93.2 51.5

Operating profit before working capital changes 243.7 162.1 72.6 124.5 134.5

Changes in working capital 157.6 -239.2 38.1 -44.4 -13.8

Cash generated from/(used in) operations 401.3 -77.1 110.8 80.1 120.7

Taxes paid (net of refund) -23.1 -7.7 -3.5 -17.1 -28.7

Exceptional Items -13.5 -6.7 -12.7 -0.7 -17.2

Net Cash from Operating Activities 364.8 -91.5 94.6 62.3 74.8

Net Cash from Investing Activities -25.7 -39.6 -26.0 -84.5 -58.6

Net Cash from Financing Activities -199.8 153.3 -61.9 14.6 -14.1

Net Decrease in Cash and Cash equivalents 139.3 22.1 6.6 -6.3 2.1

Add: Cash & Cash equivalents at the beginning of the period 116.9 94.7 88.1 94.3 92.3

Cash & Cash equivalents at the end of the period 256.1 116.9 94.7 88.1 94.3

16
Standalone Profit and Loss Statement
Profit and Loss (INR CRS.) FY23 FY22 FY21 FY20 FY19
Revenue from Operations 1103.8 933.8 771.4 825.3 840.3
Cost of Goods Sold 541.9 428.1 473.1 399.6 417.1
Gross Profit 561.9 505.7 298.3 425.7 423.2
Gross Profit Margin 50.9% 54.2% 38.7% 51.6% 50.4%
Employee Cost 198.3 152.2 107.8 150.2 131.9
Other Expenses 293.9 312.5 194.3 257.0 254.1
EBITDA 69.6 41.0 -3.8 18.5 37.2
EBITDA Margin 6.3% 4.4% -0.5% 2.2% 4.4%
Depreciation* 18.8 17.6 18.1 17.6 12.9
Other Income 30.4 32.0 24.1 33.4 26.3
EBIT 81.1 55.4 2.2 34.3 50.6
EBIT Margin 7.3% 5.9% 0.3% 4.2% 6.0%
Finance Cost 30.4 25.9 24.0 24.5 21.5
Exceptional Item Gain / (Loss) 11.0 6.6 12.6 1.2 2.8
PBT 61.7 36.1 -9.2 11.0 31.9
PBT Margin 5.6% 3.9% -1.2% 1.3% 3.8%
Tax 7.9 8.9 -10 5.9 10.4
PAT 53.8 27.2 0.8 5.1 21.5
PAT Margin 4.9% 2.9% 0.1% 0.6% 2.6%
EPS 24.84 12.5 0.4 2.3 9.9

*includes leasehold amortization from FY20 onwards

17
Standalone Balance Sheet
Assets (INR CRS.) Mar-23 Mar-22 Mar-21 Mar-20 Mar-19 Equity & Liabilities (INR CRS.) Mar-23 Mar-22 Mar-21 Mar-20 Mar-19
Non - Current Assets 364.9 344.8 360.6 377.8 347.2 Total Equity 380.9 343.5 313.8 305.9 316.2
Property Plant & Equipment 128.2 124.1 128.5 131.7 131.5 Share Capital 21.7 21.7 21.7 21.7 21.7
CWIP 6.9 0.0 0.4 2.3 1.6 Reserves & Surplus 359.2 321.8 292.1 284.2 294.5
Intangible assets 1.6 0.7 0.5 0.8 1.1 Non-Current Liabilities 100.9 148.9 151.3 125.7 75.3
Right of use asset 30.0 21.7 29.0 26.1
Investment Properties 57.4 59.0 60.5 73.9 74.3 Financial Liabilities
Investments 126.5 126.4 119.1 118.7 118.6 (i) Borrowings 57.8 83.3 82.0 84.4 31.9
Loans 0.1 0.1 4.9 5.1 4.7 (ii) Lease Liabilities 29.5 21.5 28.4 - -
(iii) Other Financial Liabilities 1.1 2.4 1.4 0.0 2.2
Other Financial Assets 6.8 6.5 7.5 9.4 8.4 Provisions 11.6 9.3 9.4 8.8 7.1
Deferred Tax Assets (Net) 0.7 0.0 3.9 0.0 0.0 Other Non Current Liabilities 1.0 30.1 30.1 30.0 30.8
Other Non Current Assets (Net) 1.4 0.5 0.5 4.7 3.9 Deferred Tax Liabilities 0.0 2.3 0.0 2.5 3.4
Other Non Current Tax Assets (net) 5.2 5.7 5.6 5.0 3.0 Current Liabilities 299.9 371.1 311.9 282.4 297.3
Current Assets 416.8 518.7 416.3 336.2 341.7
Inventories 135.6 221.8 132.7 147.9 135.1 Financial Liabilities
Financial Assets (i) Borrowings 148.6 176.3 133.3 152.5 161.8
(i) Investments 5.6 5.3 7.5 6.9 0.0 (ii) Trade Payables 126.0 178.8 161.7 118.8 105.1
(ii) Trade receivables 110.4 115.9 145.2 97.4 111.3 (iii) Lease 5.7 3.9 3.8 2.4 0.0
(iii) Cash and cash equivalents 67.4 43.2 46.0 20.6 22.3 (iv) Other Financial Liabilities 6.1 2.4 5.3 0.0 19.4
(iv) Bank Balances 22.0 21.4 11.1 9.3 14.5 Other Current Liabilities 10.7 8.5 7.1 8.2 8.4
(v) Loans 4.2 0.4 3.2 3.3 3.5 Current tax liabilities (net) 2.0 - - 0.0 1.9
Other Financial Assets 1.0 4.9 2.1 0.9 15.7 Provisions 1.0 1.1 0.7 0.6 0.7
Other Current Assets 70.6 105.8 68.4 49.9 39.1
Total Assets 781.7 863.5 777.0 714.0 688.9 Total Equity & Liabilities 781.7 863.5 777.0 714.0 688.9

18
Standalone Cash Flow
Particulars (INR CRS.) FY23 FY22 FY21 FY20 FY19

Net Profit Before Tax 61.7 36.1 -9.2 10.9 31.9

Adjustments for: Non -Cash Items / Other Investment or Financial Items 0.8 29.5 42.3 33.7 20.5

Operating profit before working capital changes 62.5 65.6 33.1 44.6 52.4

Changes in working capital 46.3 -78.3 21.8 -22.9 -15.5

Cash generated from Operations 108.8 -12.7 54.9 21.7 36.9

Taxes paid (net of refund) -7.1 -4.1 -1.0 -8.7 -7.4

Exceptional Items -21.9 -6.6 -12.6 -0.7 -17.2

Net Cash from Operating Activities 90.8 -23.3 41.3 12.3 12.3

Net Cash from Investing Activities 37.3 6.9 15.2 -32.1 22.6

Net Cash from Financing Activities -103.9 13.6 -31.0 18.5 -47.5

Net Decrease in Cash and Cash equivalents 24.2 -2.8 25.4 -1.7 1.8

Add: Cash & Cash equivalents at the beginning of the period 43.2 46.0 20.6 22.3 20.6

Cash & Cash equivalents at the end of the period 67.4 43.2 46.0 20.6 22.3

19
 For further information, please contact

Company : Investor Relations Advisors :

CIN: L74899DL1989PLC036849 CIN: U74140MH2010PTC204285

Mr. Sanjay Gandhi - Group CFO Mr. Karan Thakker / Mr. Rahul Agarwal
[email protected] [email protected] / [email protected]
+91 81699 62562 / +91 98214 38864

www.pearlglobal.com www.sgapl.net