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Earnings Call

PPAP Automotive Earnings Call: Key Takeaways

PPAP reported a recovery in Q4FY26 with revenue growing 18.6% YoY. Strategy focuses on divesting non-core JV stake for INR100cr and restructuring tooling/battery units to enhance margins.

Why this was an Alfa AlertNot a filter event. The company reported a variance against its own revised guidance due to softer demand.
Highlights
Revenue growthQ4 revenue grew 18.6% YoY to INR174.6cr.
MarginsTargeting 13% standalone EBITDA margin; currently seeing margin pressure.
Order bookSecured INR840cr in new business across EV and ICE platforms.
Demand visibilityFluid environment; gradual normalization in customer schedules noted.
Management confidenceConfident in restructuring reforms and unified 'Ajay Group' identity.

Growth

Q4FY26 Revenue grew 18.6% YoY to INR174.6cr; EBITDA increased 12.9% to INR16.9cr. FY26 consolidated revenue was INR567cr.

Outlook

Targeting 80-82% capacity utilization. Divestment proceeds to reduce net debt to INR103cr. FY27 guidance deferred to Q1 announcement.

Risks

Soft demand conditions in Q4 vs revised guidance; West Asia conflict disrupting supply chains and raw material prices.

Source

Earnings Call filed with BSE, 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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