• Net sales increased by 21% Q-o-Q to INR 3,416.5 million on account of
    substantial increase in sales volumes and higher realizations during the quarter;
    sales volumes of high margin advanced formats increased by 27% Q-o-Q during
    the quarter
  • EBITDA margin improved substantially on the back of significant recovery in
    underlining operating margins
  • Liquidity position improving concurrently with improved business performance
  • Moser Baer’s PV business ramped up its module manufacturing up to 62.5 MW
    (annual run rate) on account of sustained high demand from the Japanese
    market
  • Moser Baer Solar has been awarded the JIS Q8901:2012 Certification, a quality
    standard established in Japan ensuring Reliability Assurance System including
    Design, Production and Product warranty for PV Modules
  • Moser Baer Solar continues to be amongst the largest players in PV systems
    business in India with over 250 MW of successful projects executed till date

Moser Baer India Limited (MBIL) today released its financial results for the first
quarter
of FY ’14. The company’s Board of Directors, at its meeting in New Delhi,
approved the financial results for the quarter ended June 30, 2013.
Commenting on the quarter’s performance, Bhaskar Sharma, CEO, Storage Media,
MBIL,
said, “We witnessed significant increase in export volumes of CDs and DVDs
during the quarter. This along with stability in ASPs and key input costs resulted in
improvement in financial performance during the quarter. With our liquidity position
improving steadily, we have a stable order loading over the next few quarters.”

K N Subramaniam, CEO, Moser Baer PV Systems, said, “Solar PV continues to gain
strength with over 1,700 MW of grid connected power plants in operation ending
March 2013. Many states including Tamil Nadu, Andhra Pradesh, Karnataka, Madhya
Pradesh, Uttar Pradesh, Punjab are aggressively promoting Solar and released bids for
over 2,500 MWs in the wake of huge power shortages in these states. Jawaharlal
Nehru National Solar Mission Phase II has been announced and bids for 750 MW will be
invited in the next few months. All these will provide greater opportunities for Moser
Baer Solar both for modules and systems business, which has installed over 258 MW
covered by 25 installations across the country.”
He further added, “With the imminent implementation of CDR, we look forward to
ramping up of our module production and PV systems business.”
Commenting on the results, Yogesh Mathur, Group Chief Financial Officer, MBIL,
said,“Better realizations and increase in sales volumes have contributed to
significantly improved operating performance during the quarter. With the signing of
debt restructuring agreements with majority lenders, our CDR implementation is
ongoing and should lead to further improvement in operating performance.”

Storage Media

  • Higher contribution of value added products aided healthy ASPs during
    the quarter
  • Visibility of higher order pipeline over the next few quarters
  • Key input costs likely to remain stable
  • Power costs expected to reduce in the near future

Solar photovoltaic

  • Global PV industry continued to witness sustained high demand from emerging
    markets and stabilization in module prices during January-June 2013 (H1 CY
    2013) ; worldwide PV installations increased by 9% Y-o-Y to reach 15 GW on
    account of strong demand from Japan, China and USA during this period
  • Strong growth in Japanese market driven by attractive incentive schemes
    witnessed 1.5 GW of PV installations during January-March 2013, up by 275% Yo-
    Y (IHS iSuppli) ; PV installations in US increased by 38.5% Y-o-Y to reach 1.8
    GW during H1 CY 2013 (Solarbuzz)
  • Moser Baer continues to focus on the high margin Japanese market
  • Moser Baer Solar has been awarded the JIS Q8901:2012 Certification, a quality
    standard established in Japan ensuring Reliability Assurance System including
    Design, Production and Product warranty for PV Modules
  • The company has booked a total of 170 systems of 1 KW capacity under the
    Kerela rooftop programme initiated by ANERT (Agency for Non Conventional
    Energy and Rural Technology)

About Moser Baer India Ltd :
Moser Baer India Limited headquartered in New Delhi, is a leading global techmanufacturing
company. Established in 1983, the company has successfully developed
cutting edge technologies to become one of the world’s largest manufacturers of
Optical Storage media like CDs and DVDs. The company also emerged as the first to
market the next-generation of storage formats like Blu-Ray discs in India. Over the
years the company has entered into exciting areas of content replication, home
entertainment and is a market leader in the high growth photovoltaic space. It is the
only company worldwide to receive the prestigious 5-star rating from TÜV Rheinland
for 3 years in a row maintaining highest standards of quality in manufacturing PV
modules. Moser Baer India has emerged as one of the most credible brands focused on
hi-tech manufacturing and R & D activities. It is continuing to unfold the next
generation innovative technologies that will catapult India into a respectable
manufacturing hub.
Website: www.moserbaer.com

For further information please contact:
Abhinav Kanchan, Group Head, Corporate Communications
abhinav.kanchan@moserbaer.in
Tel: 011-40594175
Sona Endow, Deputy Manager, Corporate Communications
sona.endow@moserbaer.in
Tel: 011-40594117