PPAP Automotive's Q2 FY 2025-26 Quarterly Results

Result Summary

• PPAP Automotive Ltd reported a 17.2% quarter-on-quarter (QoQ) increase in its consolidated revenues for the quarter-ended Sep (Q2 FY 2025-26). On a year-on-year (YoY) basis, it witnessed a decline of 5.5%.
• Its expenses for the quarter were up by 14.3% QoQ and down 2.8% YoY.
• The net profit decreased 97.8% QoQ and decreased 101.7% YoY.
• The earnings per share (EPS) of PPAP Automotive Ltd declined at 0.03 during Q2 FY 2025-26.

Financial Statments for Q2 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 operating within the automotive industry, primarily engaged in the manufacture and supply of automotive components. Known for producing high-quality automotive sealing systems, interior and exterior injection molded products, and other related components, the company serves major automotive manufacturers. PPAP Automotive Ltd has been part of the industry for several decades, establishing partnerships with various automobile manufacturers to supply components integral to vehicle design and performance. Any recent major developments specific to the company were not available in the provided data.

Revenue

In the quarter ending Q2FY26, PPAP Automotive Ltd reported total income of ₹137.20 crores, reflecting a quarter-on-quarter (QoQ) increase of 17.2% from ₹117.02 crores in Q1FY26. However, when compared year-over-year (YoY) with Q2FY25, where the total income was ₹145.17 crores, there is a decline of 5.5%. This indicates a robust short-term recovery in revenue on a quarterly basis, despite a decrease when compared to the same period in the previous year. The fluctuations in revenue over the quarters could be attributed to various market conditions and demand fluctuations within the automotive industry.

Profitability

The profitability metrics for PPAP Automotive Ltd in Q2FY26 show that the company posted a slight loss, with Profit Before Tax (PBT) recorded at -₹0.08 crores. This is a significant improvement from a loss of -₹3.08 crores in Q1FY26, showing a dramatic QoQ improvement of 97.4%. However, compared to a profit of ₹3.96 crores in Q2FY25, there is a YoY decrease of 102.0%. The Profit After Tax (PAT) for Q2FY26 was -₹0.05 crores, compared to -₹2.27 crores in Q1FY26 and ₹2.86 crores in Q2FY25. This shows a QoQ improvement of 97.8% but a YoY decline of 101.7%. Earnings Per Share (EPS) followed a similar pattern, with an EPS of -₹0.03 in Q2FY26, which improved from -₹1.61 in Q1FY26 but decreased from ₹2.02 in Q2FY25.

Operating Metrics

In terms of operating metrics, total expenses for Q2FY26 were ₹137.27 crores, up from ₹120.09 crores in Q1FY26, reflecting a QoQ increase of 14.3%. Compared to Q2FY25, where expenses were ₹141.21 crores, there is a YoY decrease of 2.8%. The significant reduction in operating losses from Q1FY26 to Q2FY26, as reflected in the improved profitability metrics despite increased total expenses, suggests effective cost management in the more recent quarter. Additionally, the tax expense for Q2FY26 was recorded at -₹0.04 crores, compared to -₹0.66 crores in Q1FY26 and ₹1.00 crores in Q2FY25, indicating a QoQ improvement of 93.9% and a YoY decline of 104.0%.