Investor Presentaiton

Q2 FY2023: Net Debt to Equity continues to improve; Focus on significant inventory reduction and debtors realisation 53 Core Net Working Capital (Days) Net Debt/Equity (x) 0.04 18.5% Sept-21 Sept-21 ROE* 46 Sept-22 ROCE* 20.1% 15.5% 12.1% Sept-22 Sept-21 *Excluding MAT credit entitlement, one-time deferred tax and other one-time exceptions to net profit Sept-21 -0.07 Sept-22 Operating ROCE* 56.8% Sept-22 Sept-21 41.7% ==

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