| Revenue growth | Consol Q2 +29.8% YoY to ₹177.8Cr; H1 +31.8% to ₹334.2Cr |
|---|---|
| Margins | Consol EBITDA margin 8.8% Q2 vs 9.3% LY; gross margin down |
| Order book | H1 order wins ~₹429Cr; Q2 up 127.6% QoQ |
| Demand visibility | Q2 order wins ₹298Cr; H1 ₹429Cr; EV ₹157Cr vs ₹27Cr |
| Management confidence | Chairman cites sustained momentum, favourable industry dynamics |
Growth
Consolidated Q2 revenue +29.8% YoY to ₹177.8Cr; H1 +31.8% to ₹334.2Cr. PAT ₹3.3Cr H1 vs loss ₹2.3Cr.
Outlook
No numeric guidance; tooling capacity to 180 molds; aftermarket to grow 20%+ p.a.; battery merger planned.
Risks
Gross margin fell to 39.8% (45.6% LY) on raw material costs; OEM pass-through time lag. Consolidated borrowings rose to ₹174.1Cr.
Last quarter's promises, checked
Delivered
- Sales up QoQ → ₹177.8Cr vs ₹156.4Cr Q1 (= BEAT)
- Order momentum → Q2 wins ₹298Cr vs ₹131Cr Q1 (= BEAT)
Partly delivered
- Net debt-free in 3 yrs → gross borrowings rose to ₹174.1Cr; net undisclosed (= PARTIAL)
- Tooling output +20% vs 148 molds → capacity 180 molds; output unreported (= PARTIAL)
Missed
- Margins up Q2/Q3 after RM pass-through → EBITDA 8.8% vs 9.3% LY; gross 39.8% vs 45.6% (= MISS)
Investor Presentation filed with BSE, NSE: PPAP. Summary written with AI assistance from the document.
PPAP Automotive Ltd: key numbers
- Share price
- ₹218.23
- Market cap
- ₹308.0 Cr
- Revenue (annual)
- ₹567.0 Cr
- Net profit (annual)
- ₹43.19 Cr
- P/E (TTM)
- 6.3×Sector 32.4×
- 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
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- Key figure
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