ALFA Finder| Revenue growth | Consolidated revenue +29.8% YoY to ₹177.8 Cr; H1 +31.8%. |
|---|---|
| Margins | Gross margin 39.8% vs 45.6%; EBITDA margin 8.8%, sequentially better. |
| Order book | H1 order wins ₹429 Cr; EV wins ₹156.5 Cr vs ₹27 Cr prior year. |
| Demand visibility | Industry domestic sales +18.2% YoY; SIAM sees H2 momentum continuing. |
| Management confidence | Balanced: upbeat on orders, cautious on margins and macro risks. |
Growth
Revenue +29.8% YoY to ₹177.8 Cr; EBITDA +23% to ₹15.7 Cr; treasury income cut finance costs 28%, aiding PAT.
Outlook
H2 margin recovery hinges on OEM price approvals; no numeric margin guidance. Battery EBITDA targeted at zero by Q3 FY27.
Risks
Gross margin 39.8% vs 45.6%; only 68% of cost hit recovered, with about a six-month OEM price-negotiation lag.
Last quarter's promises, checked
Delivered
- Guided QoQ sales rise from Q1 ₹156.4 Cr → Q2 ₹177.8 Cr (= BEAT)
Partly delivered
- Guided margin improvement in Q2–Q3 → EBITDA ₹12.4→₹15.7 Cr, margin 8.8% sequentially better; gross margin 39.8% vs 45.6% (= PARTIAL)
- Guided growth momentum to continue (Q1 +34.1% YoY) → Q2 +29.8% YoY, decelerating (= PARTIAL)
Missed
- Guided aftermarket ~30% YoY growth → Q2 +24% (= MISS)
- Guided RM cost increases settled by end Q2/early Q3 → only 68% of cost hit recovered, ~6-month lag (= MISS)
Earnings Call Transcript filed with NSE, NSE: PPAP. Summary written with AI assistance from the document.
PPAP Automotive Ltd: key numbers
- Share price
- ₹268.40
- Market cap
- ₹378.8 Cr
- Revenue (annual)
- ₹567.0 Cr
- Net profit (annual)
- ₹43.19 Cr
- P/E (TTM)
- 7.8×Sector 32.3×
- Promoter holding
- 64.30%+0.00% QoQ
- FII holding
- 5.66%Current quarter
Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.
More from PPAP Automotive Ltd
All →PPAP Automotive Results Update
PPAP Automotive reported record Q2 and H1 FY27 revenue, with consolidated PAT turning positive and H1 order wins of about INR 429 crore. The media release restates results already filed, plus an interim dividend of INR 1.50 per share.
PPAP Automotive Investor Presentation: Key Takeaways
Consolidated Q2FY27 revenue up 29.8% YoY to ₹177.8Cr, EBITDA ₹15.7Cr (8.8% margin), PAT ₹2.5Cr; H1 revenue ₹334.2Cr. Order wins ₹429Cr; EV ramp; no numeric guidance.
PPAP Automotive Dividend
PPAP Automotive's board declared an interim dividend of Rs 1.50 per equity share on 6 November 2026. The record date is 13 November 2026, with payment proposed by 5 December 2026.
PPAP Automotive Q2 FY27 Results: Net Profit ₹2.5 Cr, Up 177.8% QoQ
PPAP Automotive Ltd reported revenue from operations of ₹177.8 Cr (+29.8% YoY) and net profit of ₹2.5 Cr for Q2 FY27.
- Key figure
- Net profit ₹2.5 Cr
PPAP Automotive Board Meeting Date
PPAP Automotive's board will meet on November 6, 2026 to consider results and any interim dividend. The interim dividend record date is November 13, 2026.
PPAP Automotive Other Announcement
PPAP Automotive Ltd submitted its quarterly shareholding pattern for the period ended September 30, 2026, as required under SEBI regulations.