ResultsIQ

ResultsIQ › Latest results › PPAP Automotive Limited

PPAP Automotive Limited Q2 FY26 earnings call summary

NSE: PPAP · BSE: 532934

Earnings call of 14 Nov 2025, summarised by AI from the filing.

PPAP guides FY26 consolidated revenue of ₹575-600 cr and EBITDA of ₹60-65 cr, after H1 revenue fell 5.2% to ₹253.6 cr.

Key takeaways

  1. FY26 guidance Consolidated revenue ₹575-600 cr, EBITDA ₹60-65 cr, PAT ₹10-12 cr.
  2. Guidance lowered Guidance reduced primarily due to battery business sales not coming through as anticipated.
  3. Growth driver Three new models—Maruti Suzuki e Vitara, Tata Sierra and Renault Duster—to drive H2 FY26 growth.
  4. Main risk Battery division approvals delayed, pushing breakeven further; sales could not be fully realized in Q2.

Original filing on BSE

PPAP Automotive Limited Q1 FY27 results

As filed: Revenue ₹156 cr (+34% year on year), EBITDA ₹12.4 cr (+24% year on year), PAT ₹0.9 cr, EBITDA margin 7.9% (−62 bps).

The Q1 FY27 score, against the company's own trend, is for premium members.

Earlier results and the share price after them

  • Q4 FY26: Revenue ₹175 cr (+19% year on year), EBITDA ₹16.9 cr (+13% year on year), PAT ₹45.5 cr (+76% year on year), EBITDA margin 9.7% (−50 bps). Score 71 of 100, Above trend. Revenue growth was well above the company's own trend; EBITDA growth was in line with it. EBITDA margin fell 50 bps year on year. Tax rate 15%. Revenue grew on the previous quarter, against its usual seasonal pattern. Share price after the results: −14.3% in 30 days (Nifty 500: −2.5%).
  • Q3 FY26: Revenue ₹139 cr (0% year on year), EBITDA ₹12.5 cr (−11% year on year), PAT ₹0.1 cr (−97% year on year), EBITDA margin 9.0% (−105 bps). Score 35 of 100, Below trend. Revenue growth was in line with the company's own trend; EBITDA growth was below it. EBITDA margin fell 105 bps year on year. Share price after the results: −3.0% in 28 days (Nifty 500: −8.2%).
  • Q2 FY26: Revenue ₹137 cr (−6% year on year), EBITDA ₹13.0 cr (−24% year on year), PAT ₹0.0 cr (−100% year on year), EBITDA margin 9.5% (−224 bps). Score 18 of 100, Below trend. Revenue and EBITDA growth were well below the company's own trend. EBITDA margin fell 224 bps year on year. Share price after the results: −13.6% in 29 days (Nifty 500: −0.4%).
  • Q1 FY26: Revenue ₹117 cr (−5% year on year), EBITDA ₹10.0 cr (−17% year on year), PAT −₹2.0 cr, EBITDA margin 8.6% (−121 bps). Score 15 of 100, Below trend. Revenue and EBITDA growth were well below the company's own trend. EBITDA margin fell 121 bps year on year. Revenue fell 20% from last quarter. Share price after the results: −8.8% in 28 days (Nifty 500: +1.7%).
  • Q4 FY25: Revenue ₹147 cr (+8% year on year), EBITDA ₹15.0 cr (+25% year on year), PAT ₹2.0 cr, EBITDA margin 10.2% (+138 bps). Score 50 of 100, In line with trend. Revenue growth was above the company's own trend; EBITDA growth was below it. EBITDA margin rose 138 bps year on year. Tax rate 50%. Share price after the results: +34.7% in 28 days (Nifty 500: +0.2%).
  • Q3 FY25: Revenue ₹139 cr (+14% year on year), EBITDA ₹14.0 cr (+27% year on year), PAT ₹2.0 cr, EBITDA margin 10.1% (+106 bps). Score 68 of 100, Above trend. Revenue growth was well above the company's own trend; EBITDA growth was below it. EBITDA margin rose 106 bps year on year. Tax rate 0%. Revenue fell 4% from last quarter.
  • Q2 FY25: Revenue ₹145 cr (−2% year on year), EBITDA ₹17.0 cr (+31% year on year), PAT ₹3.0 cr (+200% year on year), EBITDA margin 11.7% (+294 bps). Score 66 of 100, Above trend. EBITDA margin rose 294 bps year on year. Not enough history for a trend yet: scored on growth alone.

Past price moves after results do not indicate future moves. Not a recommendation.

PPAP Automotive Limited earnings call, investor presentation and press release summaries

Figures from the company's filings with NSE and BSE. Not investment advice.