PPAP Automotive Ltd — earnings calls
2 quarters summarised from transcripts filed with the exchange, every statement cited. Newest first.
PPAP Automotive reported consolidated Q1 FY27 revenue from operations of INR156.4 crores, up 34.1% year-on-year, with EBITDA rising 33.3% year-on-year to INR12.4 crores. Management attributed the performance to higher production volumes, improved operating leverage, better capacity utilization and disciplined execution, while noting raw material cost inflation partially offset margin gains. The company also discussed a technology partnership with Hutchinson for sealing systems, the planned hive-off of its tooling business into Meraki Precision Tools Engineering Limited, and continued losses in its battery business.
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.