#1tr ZERO EMISSION Olectra *As at June 30, 2023 EW GENERATION E-BUS Olectra meil Olectra 1,263 on Indian roads +E Buses#22 Disclaimer Olectra This presentation ("Presentation") does not constitute a prospectus, a statement in lieu of a prospectus, an offering circular, an advertisement, an offer document or and offering memorandum, under the Companies Act, 2013, the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018, each as amended, or any other applicable law. This presentation is for informational purposes only and is not a solicitation of any bid from any investor. Nothing in this presentation, or any oral information provided in connection with it shall constitute or deem to constitute an offer or invitation to purchase or subscribe for any securities in any jurisdiction. This presentation has not been and will not be reviewed or approved by any statutory or regulatory authority in India or by any stock exchange in India. This presentation should not be considered as a recommendation that any investor should subscribe for or purchase any securities of Olectra Greentech Limited ("Company") and should not be used as a basis for any investment decision. The Company will not update you in the event the information in the presentation becomes stale. Moreover, no express or implied representation or warranty is made as to, and no reliance should be placed on the accuracy, fairness or completeness of the information presented or contained in this presentation. None of the Company or any of its affiliates, advisers or representatives accept any liability whatsoever for any loss howsoever arising from any information presented or contained in this presentation. Furthermore, no person is authorized to give any information or make any representation which is not contained in, or is inconsistent with, this presentation. Any such extraneous or inconsistent information or representation, if given or made, should not be relied upon as having been authorized by or on behalf of the Company. This presentation is highly confidential, being given solely for your information and for your use, and may not be copied, reproduced, or redistributed to any other person in any manner. The distribution of this presentation in certain jurisdictions may be restricted by law. Accordingly, any persons in possession of this presentation should inform themselves about and observe any such restrictions. This presentation contains certain statements of future expectations and other forward-looking statements, including those relating to the Company's general business plans and strategy, its future financial condition and growth prospects, and future developments in its sectors and its competitive and regulatory environment. In addition to statements which are forward looking by reason of context, the words 'may', 'will', 'should', 'expects', 'plans', 'intends', 'anticipates', 'believes', 'estimates', 'predicts', 'potential' or 'continue' and similar expressions identify forward looking statements. All forward-looking statements are subject to risks, uncertainties and assumptions that could cause actual results, performances or events to differ materially from the results contemplated by the relevant forward-looking statement. The factors which may affect the results contemplated by the forward-looking statements could include, among others, future changes or developments in (i) the Company's business, (ii) the Company's regulatory and competitive environment, and (iii) political, economic, legal and social conditions in India or the jurisdictions in which our Company operates. Neither the Company nor its affiliates or advisors or representatives nor any of its or their parent or subsidiary undertakings or any such person's officers or employees guarantees that the assumptions underlying such forward-looking statements are free from errors nor does either accept any responsibility for the future accuracy of the forward-looking statements contained in this presentation or the actual occurrence of the forecasted developments. Forward-looking statements speak only as of the date of this presentation and are not guarantees of future performance. As a result, the Company expressly disclaims any obligation or undertaking to release any update or revisions to any forward-looking statements in this presentation as a result of any change in expectations or any change in events, conditions, assumptions or circumstances on which these forward-looking statements are based. This presentation includes certain industry data and projections that have been obtained from industry publications and surveys. Certain data in this presentation has been sourced from the industry report prepared by ICRA Limited. Further, certain numbers in these presentations and materials have been subject to routine rounding off and accordingly figures shown as total in tables and diagrams may not be an arithmetic aggregation of the figures that precede them. By attending this presentation and/ or accepting a copy of this document, you agree to be bound by the foregoing limitations and conditions and, in particular, will be taken to have represented, warranted and undertaken that: (i) you have read and agree to comply with the contents of this notice including, without limitation, the obligation to keep this document and its contents confidential; (ii) you will not at any time have any discussion, correspondence or contact concerning the information in this document with any of the directors or employees of the Company nor with any of their customers or suppliers, or any governmental or regulatory body without the prior written consent of the Company; and (iii) you agree not to remove or copy this document, or any materials provided in connection herewith. Statements in this presentation describing the objectives, projections, estimates and expectations of Olectra Greentech Limited (the "Company") may be "forward-looking statements" within the meaning of applicable securities laws and regulations. Actual results could differ materially from those expressed or implied. Important factors that could make a difference to the Company's operations include, among others, economic conditions affecting demand / supply and price conditions in the domestic and overseas markets in which the Company operates, changes in Government regulations, tax laws and other statutes and incidental factors. Certain analysis undertaken and represented in this document may constitute an estimate from the Company and may differ from the actual underlying results. © Copyright 2022. Olectra Greentech Ltd#3ZERO EMISSION EW GENERATION E-BUS Olectra Olectra meil Company Overview#45 Olectra Greentech: Company Snapshot Olectra a leading Incorporated in 2000, manufacturer of electric buses in India (1), and completed homologation of first E-Bus in 2017 Primarily engaged in manufacturing of electric buses and composite polymer insulators Manufacturing facilities located in Hyderabad, with current manufacturing capacity of 1,500 units per year One of the largest manufacturers of E-buses in India, during H1FY2023 (1) Setting up new greenfield plant with capacity of 5,000 units/year and scalable upto 10,000 units/year (150 acres land acquired in Hyderabad) More than 7 years of experience in manufacturing and commercialization of E-buses Revenue from Operations (in INR Lakhs) Manufacturers of the seven-meter, nine- meter and twelve-meter models of the air-conditioned electric buses in India Expansion of product line in the e-mobility segment for electric trucks such as the electric tipper 1,09,07 6 59,326 28,138 Adjusted EBITDA* (in INR Lakhs) 15,397 9,090 3,170 FY21 FY22 FY23 FY21 FY22 FY23 Number of E-buses sold 259 88 FY21 (1) Source: as per retail market share data during H1FY2023 in ICRA Report *Adjusted EBITDA = PBT+ Depreciation and Amortisation + Finance Costs ^ Includes sales of 17 E-Tippers 807 PAT (in INR Lakhs) 3,536 6,689 FY21 FY22 FY23 CAGR (FY21-FY23)% 580 Revenue from Operations FY22 FY23^ Adjusted EBITDA* PAT 97% 120% 188%#55 Olectra E-Bus and E-Tipper Product Range Olectra Olectra V2 -7m Olecra iX-9m Olectra X2 - 12m Olectra CX2 - 12M Olectra E-Tipper 6x4 Type I e-bus ectra Luxe Type I Type II Type I Tarmac Type II Type III E-Tipper 150 Kms 180-220 Kms 200-300 Kms 300 Kms Estimated Range#6Olectra Timeline : 7m,9m,12m Electric AC bus launched ORDER 8,344 Orders On hand Homologated 4 Models with 135 Electric bus variants and the E-Tipper 6x4 "Limca Book of Records" - - First electric bus service in India for Manali- Rohtang Operations E-buses have covered more than 12 Crore kms across India. 2,625 5,790 2023 754 2022 545 2021 513 2020 2019 124 2018 25 2017 6 2016 2015 Started 6 Calendar year wise order received in terms of number of E-Buses E Bus Division Olectra#7100% Electric Olectra Industry Scenario NEW GENERATION BUS Olectra meil#8Industry Overview: Global E-bus penetration Olectra Penetration of electric buses across most geographies remains low E-bus sales across key automobile markets in CY2021 USA ~1000 Europe China 3,000 Penetration - 85,700 6% Penetration - 26% Penetration in key markets is gradually picking up Trend in fully electric bus sales in key geographies (excluding China) New e-bus registrations (in thousands) 4.0 3.0 2.0 3.0 2.0 2.1 LLL 0.8 1.0 0.5 0.6 0.9 0.6 0.6 0.5 1.2 1.0 0.6 0.6 0.2 0.2 0.1 0.1 0.1 0.0 0.0 0.0 CY2015 CY2016 CY2017 CY2018 CY2019 CY2020 CY2021 Europe ■USA ■India Penetration - on 1% Indicates number of e-bus sales % Indicates e-bus penetration India 1,176 Penetration - 4% Rest of the world 2 924 units Except for China, globally the penetration in E-bus segment is less than 10% Source: ICRA Report 8 Penetration of e-buses in other markets, especially Europe, and even India, is picking up on the back of stricter climate goals Global e-bus penetration and sales as of CY2020 (excluding China) Penetration in global bus fleet (excluding China) Electric Buses <1% Buses on diesel & alternate fuels >99% E-bus sales as a % of total bus sales (excluding China) Electric Buses ~6% Buses on diesel & alternate fuels ~94% Nevertheless, current penetration levels in geographies excluding China remain low, and a lot of ground is to be covered#9Electrification Scenario in India Olectra E-buses remain a key focus area in India; subsidies offered to reduce capital costs Allocation under the flagship FAME* scheme for electrification in India Significant capital outlay set aside to promote e-bus adoption under FAME II Higher subsidies (Rs. 35-55 lakh per bus) and subsidy cap (40% of vehicle cost) for electric buses vis- à-vis other vehicle categories 1% 9% 24% FAME 1.0 Rs. 895 crore 4% 62% FAME 2.0 Rs. 10,000 crore 4% 10% ()))) 86% Technology Platform Pilot Projects Others Demand Incentive Charging Infrastructure Other support policies announced to spur electrification 9 • • Key terms of FAME II policy for electric buses ()))) (0. Smart Cities Mission (launched in 2015) Introduced by the Union Ministry of Urban Development to develop 100 cities as citizen-friendly and sustainable. Outlay of Rs. 105 crore for purchase of electric vehicles for mass transportation. Production-linked Incentive Scheme (launched in 2020) ⚫ The Government's PLI Scheme has a planned outlay of US$20 billion which includes US$2.5 billion for batteries. Incentives via PLI will encourage more players to this will participate and expand the low emission vehicle ecosystem State EV Policies Aim to increase EV adoption and manufacturing in their states; offer benefits like road tax exemption, registration fee exemption, preferential electricity tariffs for EV charging, subsidy etc. for EVs. 7,090 Eligible Vehicles Rs. 35-55 lakh Incentive* offered @Rs 20,000/KWH per bus Rs. 35 billion Total outlay Source: ICRA Report *Faster Adoption and Manufacturing of Hybrid and Electric Vehicles#10Penetration of e-buses on a steady rise aided by Government support Trend in fully electric bus sales in India 1,400 1,200 1,000 800 600 Status of e-buses under FAME II as of October 11, 2022 7% 6% 4% 6% Sanctioned 5% 4% 6,740 3% 2% Deployed 2,517 1% 2% 400 0% 0% 0% 200 1% 0% Yet to be deployed 0 -1% FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 H1 FY2023 E-Bus Sales (Units) E-Bus Penetration (%) 4,223 Olectra (in Units) | E-Bus Sales in H1FY2023 (Units) Supported by various Government measures, e-bus penetration in India has picked up over the past two years, albeit the overall industry volumes for buses also contracted during the pandemic period 90%+ Tenders awarded for intra-city operations 80%+ Tenders awarded for 9-metre buses Steady progress towards achieving FAME II targets has been made over the past one year; the scheme was also extended by two years till March 2024 10 Source: ICRA Report#11PURE ELECTRIC BUS Olectra ZERO EMISSION Olectra Olectra meil Key Investment Themes#1212 Key Investment Themes HOOO Professional management and experienced leadership team Strong technology capabilities with a diverse 4 product portfolio and significant market share in India Track record of robust financial and operating performance Established relationships with STUs across India and a strong order book Leveraging technology capabilities and market-share to continue to cater to the growing demand for E-Buses Novary Olectro Olectra Leverage experience in the manufacturing of E- Buses and Composite Insulators to capitalize on significant market opportunities Emphasis on Research and Development Expansion into adjacent markets in the electric vehicle ecosystem and new geographies#1313 Future Road Map... Company has acquired 150 Acres of land from Telangana State Industrial Infrastructure Corporation Limited Company proposes to establish a greenfield electric vehicle manufacturing plant for which 150 acres of land has been acquired Company plans to manufacture electric buses and other EV products in new plant Strengthening Inter city / Inter state Private Transport Segment Company has started to sell E-Tipper in Q4 FY 23 Entry into Staff Transport private segment Olectra New plant will result in expanded Capacity of 5,000 electric vehicles per year and scalable upto 10,000 electric vehicles/year FUTURE Establishing TARMAC buses in Airports#14Olectra Financial Snapshot PMPML PAPM P#1515 STANDALONE RESULTS FOR THE QUARTER ENDED 30 June 2023 REVENUE - (32%) 30,467 Q1 FY23 58,543 3,961 20,602 Q1 FY24 Q1 FY23 REVENUE - 94% 1,13,441 8,619 EBITDA EBITDA 2,471 3,861 Q1 FY24 Q1 FY23 14,863 5,207 Olectra PBT In Rs Lakhs 2,484 Q1 FY24 PBT 9,111 FY22 FY23 FY22 FY23 FY22 FY23#16Financial Performance Snapshot 16 Revenue from Operations (INR Lakhs) 28,138 CAGR 96.89% 59,326 1,09,076 FY21 FY22 FY23 88 Adjusted EBITDA* (INR Lakhs) 11.3% 15.3% 14.1% 2.9% 15,397 9,090 807 3,170 FY21 FY22 FY23 Adjusted EBITDA EBITDA Margin Number of E-buses sold 259 580 8.3% FY21 FY22 FY23** *Adjusted EBITDA = PBT+ Depreciation and Amortization + Finance Costs ** Includes sales of 17 E-tippers Olectra PAT (INR Lakhs) 6.0% 3,536 6.1% 6,689 FY21 FY22 FY23 PAT PAT Margin ROCE^ 13.9% 7.6% FY21 FY22 ROCE% FY23 ^ROCE= (PBT+ Interest)/(Total assets -Total Current Liabilities - Cash and Cash equivalents)#17E BUS DIVISION RESULTS FOR THE QUARTER ENDED 30 June 2023 Revenue Q4 FY23 32,865 Q1 FY24 % Change 18,637 -43.3% Q1 FY23 25,581 Q1 FY24 18,637 Olectra Rs in Lakhs % Change -27.1% EBITDA EBITDA Margin 5,191 3,264 -37.1% 3,446 3,264 -5.3% 16% 18% 13% 18% Profit before interest & tax 3,405 2,449 -28.1% 2,766 2,449 -11.5% PBIT Margin 10% 13% 11% 13% 32,865 REVENUE 18,637 REVENUE 25,581 18,637 No. of buses sold 78 169 Q4 FY23 Q1 FY24 Q1 FY23 Q1 FY24 Q1 FY24* ■ Q1 FY23 17 *Includes sales of 3 E-tippers#1818 INSULATOR DIVISION RESULTS FOR THE QUARTER ENDED 30 June 2023 Revenue EBITDA EBITDA Margin Olectra Rs in Lakhs Q4 FY23 Q1 FY24 % Change Q1 FY23 4,726 2,965 -37.3% 2,526 Q1 FY24 2,965 % Change 17.4% 947 887 -6.3% 444 887 99.8% 20% 30% 18% 30% Profit before interest & tax 857 787 -8.1% 348 787 126.4% PBIT Margin 18% 27% 14% 27% REVENUE 4,726 2,965 2,526 REVENUE 2,965 Q4 FY23 Q1 FY24 Q1 FY23 Q1 FY24#19CONSOLIDATED SEGMENTAL RESULTS FOR THE QUARTER ENDED 30 June 2023 Olectra Q1 FY23 Q1 FY24 % Change Q4 FY23 Q1 FY24 % Change FY22 FY23 % Change Segmental Revenue a) Insulator Division 2,526 2,965 17.4% 4,276 2,965 -30.7% 10,805 12,382 14.6% b)e-bus division 25,581 18,232 -28.7% 30,570 18,232 -40.4% 48,520 94,400 94.6% c)e-truck division* 405 2,295 405 -82.4% 2,295 Profit before interest & tax a) Insulator Division 348 787 126.1% 857 787 -8.2% 884 2,136 141.6% b)e-bus division 2,766 2,428 -12.2% 3,138 2,428 -22.6% 5,154 9,617 86.6% c)e-truck division 21 267 21 -92.1% 267 *During the quarter ended 31st March 2023, the parent company started to sell electric tippers and 19 accordingly the same is reported under new segment e-truck division#20Annexure#21Olectra Bus Fleet 21 PMPML - Pune PURE ELECTRIC m smart e-bus स्मार्ट ई-बस KSRTC - Kerala KSRTC wwwwww Olectra TSRTC - Hyderabad HRTC - Himachal Pradesh TSRTC A Olectra GSRTC - Gujarat BEST - Mumbai Transport Corporatio GOVT. VEHICLE GSRTC 10000500 sty 832 MH.01 CR.5281 बस#22Olectra Bus Fleet 22 22 SSCL-Silvassa Silvassa Smart City Olectra Chucirs KTCL – Panjim BAYA NMC-Nagpur Zero Emission Olectra SMC - Surat Olectra Tirupati DSCL - Dehradun APSRT Jectral ELEC#2323 Olectra Bus Fleet MSRTC - Central Mumbai TTD - Tirumala dechra KSRTC - Bangalore MSRTC entcctra EY DOG BID FAN Olectra Fresh Bus TMTU - Thane Fresh Bus Doctra Fresh Bus Breathe Easy REE EINCE - ROSHAN RAKEN#24Statement of Profit and Loss Olectra unless otherwise stated) Income Revenue from operations Other Income Particulars (All amounts in Indian Rupees Lakhs For the year ended 31 March 2021 For the year ended 31 March 2022 For the year ended 31 March 2023 For the quarter ended 30 June 2022 For the quarter ended 30 June 2023 28,137.61 1,148.06 59,325.73 770.5 1,09,076.08 1,006.26 28,106.95 248.40 21,602.14 120.06 Total income 29,285.67 60,096.23 1,10,082.34 28,355.35 21,722.20 Expenses Cost of materials consumed 15,671.56 41,410.16 84,593.83 21,499.03 15,335.32 Changes in inventories of finished goods and work-in-progress 2,232.28 786.96 (2,704.78) 146.07 (887.03) Power & Fuel 360.77 367.92 477.59 116.11 181.07 Testing & other operating expenses 2958.31 2,258.11 3,817.09 835.42 719.60 Employee benefits expense 3,024.54 3,325.99 5,264.20 1,156.63 1,490.88 Depreciation and amortization expense 1,332.12 2,931.50 3,311.35 759.73 900.89 Finance costs Other expenses 750.23 927.94 3,142.72 840.94 723.70 1,872.39 2,712.85 3,500.97 740.63 556.35 Total expenses 28,202.20 54,721.43 1,01,402.97 Share of profit/(loss) of associates 3.89 110.47 263.92 Profit/(Loss) before exceptional items and tax 1,087.36 5,485.27 8,943.29 26,094.56 28.21 2,289.00 19,020.78 (175.46) 2,525.96 Exceptional items: Profit on sale of investment in a subsidiary company 1.14 Employee severance cost -255.81 Profit/(Loss) before tax 1,087.36 5,230.60 8,943.29 2,289.00 2,525.96 Tax expense: Current tax 188.85 -250.76 1,729.51 578.81 770.37 Deferred tax 91.09 1,945.74 524.47 41.97 (51.65) Total Tax Expenses 279.94 1,694.98 2,253.98 620.78 718.72 Profit/(Loss) for the period 807.42 3,535.62 6,689.31 1,668.22 Profit/(Loss) attributable to non controlling interest -0.09 0.48 129.86 Profit/ (Loss) attributable to owners of the Parent 807.51 3,535.14 6,559.45 5.07 1,663.15 1,807.24 (0.48) 1,807.72 24#2525 Statement of Assets and Liabilities (1/2) Olectra As at Particulars (All amounts in Indian Rupees Lakhs unless otherwise stated) 31 March 2021 31 March 2022 31 March 2023 30 September 2021 30 September 2022 ASSETS Non-current assets Property, plant and equipment Capital work-in-progress Intangible assets Financial assets Investments Others Other non-current assets Deferred tax assets, net Current assets Inventories Financial assets 28,502.72 451.27 31,180.60 317.35 1323.33 34,257.73 410.31 1,292.60 23,358.26 47.95 373.08 32,751.25 4,357.66 1,177.45 27.40 197.18 5,011.04 6,728.56 3,891.10 1000.00 1,000.00 1,000.00 3,224.03 426.41 1,000.00 19.23 5,097.94 1,000.00 740.93 615.40 35,705.96 40,577.24 41,048.92 29,045.13 44,403.53 6226.75 5873.2 14,199.49 5,942.12 11,726.84 Trade receivables 26,360.13 36,559.31 63,047.56 Cash and cash equivalents 1,249.64 1,930.09 636.33 Other bank balances 7,691.56 17,982.48 16,085.34 24,439.06 356.22 9,682.63 Loans 1,400.00 527.57 527.57 1,376.25 48,523.24 588.89 11,343.47 527.57 Others Current tax assets 10,473.72 7,137.76 4,498.17 6,881.43 5,841.63 669.5 899.03 2,734.76 680.78 1,787.37 Other current assets 3,646.59 7,557.86 12,911.72 5,244.46 12,051.74 Total Current Assets 57,717.89 78,467.30 1,14,640.94 54,602.95 92,390.75 Total assets 93,423.85 119,044.54 1,55,689.86 83,648.08 136,794.28#2626 Statement of Assets and Liabilities (2/2) Olectra As at Particulars (All amounts in Indian Rupees Lakhs unless otherwise stated) 31 March 2021 31 March 2022 31 March 2023 30 September 2021 30 September 2022 EQUITY & LIABILITIES Equity Equity share capital Other Equity Equity attributable to the owners of the Company Non-controlling interest Total Equity Non-current liabilities Financial Liabilities Borrowings Provisions Lease liability Deferred tax liabilities, net Current liabilities Financial Liabilities Borrowings Trade payables 3,283.23 70,788.74 3,283.23 3,283.23 3,283.23 3,283.23 74,445.1 80,691.58 71,717.38 76,545.28 74,071.97 -0.04 74,071.93 77,728.33 83,974.81 75,000.61 79,828.51 0.93 77,729.26 130.79 84,105.60 75,000.61 -10.03 79,818.48 392.72 937.07 5,207.63 924.67 371.39 1,648.02 1,782.30 2,403.46 1,471.47 2,098.68 1,241.49 1,771.12 1,296.22 1329.79 8,231.42 5,099.25 1,842.86 5,078.92 416.72 1,502.73 12,445.25 13,909.57 27,199.47 43,806.03 943.65 2,125.04 Other financial liabilities 2,953.67 3,885.87 5,773.55 3,062.84 Provisions 19.56 11.96 32.92 19.56 6,697.74 33,854.51 9,719.90 33.06 Other current liabilities 448.3 460.28 2,674.20 265.58 638.75 Current tax liabilities (Net) 274.31 23.55 1,753.06 387.94 952.92 18,022.13 33,083.86 66,485.01 6,804.61 51,896.88 Total liabilities 19,351.92 41,315.28 71,584.26 8,647.47 56,975.80 Total Equity and Liabilities 93,423.85 119,044.54 155,689.86 83,648.08 136,794.28#2727 Statement of Cash Flows (1/2) Olectra Particulars (All amounts in Indian Rupees Lakhs unless otherwise stated) A. Cash flow from operating activities Profit before tax Adjustments to reconcile profit before tax to net cash flows: Depreciation of tangible assets For the year ended 31 March 2021 For the year ended 31 March 2022 1,087.36 5,230.60 1,159.84 Amortization of intangible assets 172.28 Finance income (including fair value change in financial instruments Dividend income from mutual funds -1,080.52 2,713.30 218.2 -670.04 3,311.35 For the year ended 31 March 2023 8,943.29 For the six months ended 30 September 2021 843.57 1,205.36 For the six months ended 30 September 2022 3,391.56 1,567.24 -940.08 -269.38 -805.4 Capital Gains from Investments Profit on sale of investment in a subsidiary company Finance costs (including fair value change in financial instruments) 750.23 -1.14 927.94 3,142.72 290.47 Re-measurement losses on defined benefit plans 9.19 Operating profit before working capital changes 2,098.38 145.75 8,564.61 20.51 14,477.79 2,070.02 1,555.46 10.08 5,718.94 Changes in working capital: Adjustment for (increase)/decrease in operating assets Trade receivables 9,813.39 -10,199.18 -26,488.25 1,608.85 -11,963.93 Inventories 1,845.82 353.55 -8,326.29 284.63 -5,853.64 Loans- Non current 48.48 18.99 Loans-current 5,424.55 872.43 292.89 Other financial assets- current & non current 5,263.58 1,618.44 5,477.05 1,534.40 2,926.75 Other assets- current -176.68 -3,911.27 -5,353.86 (1,633.73) -4,493.88 Other assets - non current 7.47 Adjustment for increase/ (decrease) in operating liabilities Trade payables -5,102.81 13,289.90 16,606.56 (8,199.57) 6,655.04 Other financial liabilities-current 1,557.81 924.6 1,580.32 183.84 5,526.81 Other current liabilities -19.25 11.98 2,213.92 (192.54) 178.47 Provisions 312.15 845.23 621.16 108.30 316.38 Cash generated from operations 21,072.89 12,370.29 808.40 Income taxes paid -201.74 -229.54 -1,835.73 (3,923.92) (15.69) -989.06 -888.34 Net cash generated from/(used in) operating activities 20,871.15 12,140.75 -1,027.33 (3,939.61) -1,877.40#2828 Statement of Cash Flows (2/2) Particulars (All amounts in Indian Rupees Lakhs, unless otherwise stated) For the year ended 31 March 2021 II. Cash flows from investing activities Olectra For the year ended 31 March 2022 For the year ended 31 March 2023 For the six months ended 30 September 2021 For the six months ended 30 September 2022 Purchase of property, plant and equipment and intangibles (including capital work in progress) -15,979.11 -6,786.63 -6,450.71 -60.13 -7,032.32 (Investments in)/ redemption of bank deposits (having original maturity of more than three months and less than 1 year) - net -2,798.74 -10,290.92 1,897.14 2,797.48 6,639.01 (Investment)/Redemption of Investments/Mutual funds 0.26 -27.4 -169.78 (0.51) 8.17 Dividend received on mutual funds Capital Gains from Investments Profit on sale of investment in a subsidiary company Interest received (finance income) Net cash used in investing activities 1,080.52 -17,697.07 1.14 670.04 -16,433.77 940.08 -3,783.27 269.38 3,006.22 805.4 420.26 III. Cash flows from financing activities Share issue proceeds Transactions with non-controlling interests 0.49 Proceeds from/(repayment of) long-term borrowings, net 109.97 4,814.91 -4,282.96 (21.33) Proceeds from/(repayment of) short-term borrowings, net Interest paid -1,524.25 1,086.01 10,942.52 526.93 -750.23 -927.94 -3,142.72 (290.47) Net cash used in financing activities -2,164.51 4,973.47 3,516.84 215.13 Net increase in Cash and cash equivalents (I+1|+1|1) 1,009.57 680.45 -1,293.76 Cash and cash equivalents at the beginning of the period/year Cash and cash equivalents at the end of the period / year Notes: 240.07 1,249.64 1,930.09 1,249.64 1,930.09 636.33 (718.26) 1,074.48 356.22 -3,562.38 5,233.78 -1,555.46 115.94 -1,341.20 1,930.09 588.89 Cash and cash equivalents comprise: Cash on hand 0.6 0.22 2.81 0.87 0.99 Balances with banks: - in current accounts 1,249.04 1,929.87 633.52 355.35 587.9 1,249.64 1,930.09 636.33 356.22 588.89#29THANK YOU Olectra