Steamhouse India Limited

Vaibhav Gattani

Good morning, everyone. I am Vaibhav Gattani, CFO of Steamhouse India Limited. I'll take you through the financial performance of Steamhouse India Limited with a focus on the key operating and financial numbers for Quarter 1 FY27 and the progress we are making on profitability, utilization, and capital allocation. Let me begin with the operating performance. Quarter 1 FY27 was a strong quarter for Steamhouse India Limited, with steam volumes reaching a record quarterly level of approximately 3,05,816 tons, representing a growth of 16.70% year-on-year and 11.52%

Steamhouse India LimitedOctober 06, 2026Page 6 of 23sequentially. The growth in volumes reflect the improving demand environment across our customer base and better utilization of our installed capacity. Our revenue from operations for the quarter stood at INR128.62 crores compared with INR113.47 crores in Quarter 1 FY26, representing a growth of 13.35%. Importantly, the quality of revenue has improved significantly. The revenue from steam increased by 46.07% year-onyear to INR123.37 crores from INR84.46 crores in Quarter 1 FY26. Coming to profitability, EBITDA for Quarter 1 FY27 increased by 60.08% year-on-year to INR30.93 crores from INR19.32 crores, EBITDA margin expanded substantially to 24.05% compared with 17.03% in Quarter 1 FY26, an improvement of 702 basis points. One of the key indicators of this improvement is EBITDA per ton. EBITDA per ton increased by 37.17% to INR1,011 in Quarter 1 FY27 from INR737 per ton in Q1 FY26. This improvement was driven by higher steam sales, better utilization of our waste-to-energy boilers, and operating leverage from the higher volume base. Our clean EBITDA, adjusted for operating lease expenses, increased by 65.43% to INR29.22 crores from INR17.66 crores in Q1 FY2026. This further…Moderator: Sir, sorry to interrupt you, we are losing your audio. Vaibhav sir, sorry to interrupt you, we are losing your audio.