PPAP Automotive Ltd — earnings calls
1 quarter summarised from transcripts filed with the exchange, every statement cited. Newest first.
PPAP Automotive reported consolidated Q4 FY26 revenue growth of 18.6% year-on-year to about INR174.6 crores, with EBITDA up 12.9% year-on-year to INR16.9 crores and capacity utilization improving to approximately 78%. Management announced a rebranding to the Ajay Group along with three strategic reforms: divestment of the PPAP Tokai India Rubber joint venture stake for INR100 crores, the hive-off of the tooling business into Meraki Precision Tool Engineering Limited, and a proposed merger of Avinya Batteries Limited with the parent. The company said it would defer its FY27 guidance to the Q1 FY27 earnings announcement, citing slower-than-expected demand recovery from automotive OE customers and deferred tooling and battery orders in Q4 FY26.