PPAP Automotive's Q1 FY 2025-26 Quarterly Results

Result Summary

• PPAP Automotive Ltd reported a 13.9% quarter-on-quarter (QoQ) decrease in its consolidated revenues for the quarter-ended Jun (Q1 FY 2025-26). On a year-on-year (YoY) basis, it witnessed a decline of 5.1%.
• Its expenses for the quarter were down by 12.1% QoQ and 2.6% YoY.
• The net profit decreased 72.2% QoQ and decreased 2370.0% YoY.
• The earnings per share (EPS) of PPAP Automotive Ltd declined at 1.6 during Q1 FY 2025-26.

Financial Statments for Q1 FY 2025-26

Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results

Company Overview

PPAP Automotive Ltd is a company engaged in the manufacturing of automotive components. It primarily produces products that cater to the automotive industry, focusing on supplying plastic molded parts and related components. These products are crucial for vehicle manufacturing, playing a significant role in ensuring the structural integrity and aesthetic appeal of vehicles. The company operates in a competitive industry marked by rapid technological advancements and stringent regulatory requirements. As of the latest data available, there are no specific major developments or strategic shifts reported for PPAP Automotive Ltd. The company continues to focus on its core competencies in the automotive sector, aiming to serve a broad range of vehicle manufacturers.

Revenue

In the first quarter of FY26, PPAP Automotive Ltd reported a total income of ₹117.02 crores. This represents a decrease of 13.9% from the previous quarter (Q4FY25), where the total income was ₹135.92 crores. When compared to the same quarter in the previous fiscal year (Q1FY25), which recorded a total income of ₹123.26 crores, there is a 5.1% decrease in total income. The financial data indicates a downward trend in revenue both on a quarter-over-quarter (QoQ) and year-over-year (YoY) basis. These figures reflect the changes in revenue generation capabilities of the company over the observed periods.

Profitability

For Q1FY26, PPAP Automotive Ltd reported a Profit Before Tax (PBT) of -₹3.08 crores, which was a significant decline from the previous quarter's PBT of -₹0.73 crores. This marks a 321.9% increase in the negative PBT QoQ. On a YoY basis, the PBT fell from ₹0.02 crores in Q1FY25, highlighting a substantial drop of 15500.0%. The Profit After Tax (PAT) for Q1FY26 was -₹2.27 crores, which shows an improvement from -₹8.16 crores in Q4FY25, reflecting a 72.2% reduction in losses. However, compared to Q1FY25's PAT of ₹0.10 crores, there is a 2370.0% decline. The Earnings Per Share (EPS) was reported at -₹1.60 for Q1FY26, improving from -₹5.80 in the previous quarter (72.4% improvement) but showing a substantial decline from ₹0.10 in Q1FY25, a 1700.0% decrease YoY. These figures illustrate the current profitability challenges faced by the company.

Operating Metrics

The total expenses for Q1FY26 amounted to ₹120.09 crores, which is a 12.1% reduction from the previous quarter's expenses of ₹136.65 crores. Compared to Q1FY25, where total expenses were ₹123.25 crores, there is a 2.6% reduction. The company's tax position showed a significant shift with a negative tax figure of -₹0.66 crores in Q1FY26 compared to ₹7.22 crores in Q4FY25, marking a 109.1% change. There was no tax reported in Q1FY25. These operating metrics provide insights into the company's cost management and tax strategy within the reported period.