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Earnings Call

PPAP Automotive Earnings Call: Key Takeaways

PPAP Automotive reported FY26 consolidated revenue of ₹567.1cr (up 2.4%) with PAT of ₹43.2cr, bolstered by a ₹49.8cr exceptional gain from selling its PTI joint venture stake.

Why this was an Alfa AlertNot a filter event. FY26 revenue (₹567cr) and EBITDA (₹55cr) were below the guided targets (₹577cr and ₹58cr).
Highlights
Revenue growthFY26 growth 2.4% YoY; Q4 growth 18.6% YoY.
MarginsFY26 EBITDA margin at 9.1% vs 10.3% YoY.
Order bookLifetime order wins of ₹840cr in FY26; ₹460cr from Tata Motors.
Demand visibilitySofter demand conditions noted in late Q4FY26.
Management confidenceMedium; citing dynamic operating environment despite encouraging order pipelines.

Growth

Q4FY26 revenue grew 18.6% YoY to ₹174.6cr; FY26 EBITDA fell 10% to ₹51.5cr due to higher costs.

Outlook

Guidance of ₹577cr revenue missed; focusing on aftermarket expansion to 10% of revenue and tooling capacity to 180 molds.

Risks

Geopolitical uncertainties, supply chain disruptions, and softer-than-anticipated demand in late Q4; elevated material costs impacting margins.

Source

Earnings Call filed with NSE, NSE: PPAP. Summary written with AI assistance from the document.

Read the document ↗

PPAP Automotive Ltd: key numbers

Share price
₹246.25
Market cap
₹347.6 Cr
Revenue (annual)
₹567.0 Cr
Net profit (annual)
₹43.19 Cr
P/E (TTM)
7.5×Sector 33.6×
Promoter holding
64.30%-0.18% QoQ
FII holding
5.84%Current quarter

Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.

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