PPAP Automotive Limited has informed the Exchange regarding Board meeting held on February 13, 2026.
PPAP · price
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On the reaction day the stock moved 11.9 pts more than Nifty Microcap 250 and 11.5 pts more than its Auto Components & Equipments peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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PPAP Automotive's Board approved unaudited Q3 FY26 and 9M FY26 results (quarter ended Dec 31, 2025) and confirmed the sale of its entire 50% stake in joint venture PPAP Tokai India Rubber (PTI) to partner Tokai Kogyo for Rs. 100 crores, completed on Feb 13, 2026. Standalone Q3 revenue fell about 5% YoY to Rs. 12,865 lakhs and net profit dropped sharply to Rs. 79 lakhs (from Rs. 333 lakhs, down ~76%). For 9M FY26 standalone, net profit fell to Rs. 236 lakhs (from Rs. 1,031 lakhs, down ~77%), while on a consolidated basis the group slipped into a Rs. 225 lakh loss versus a Rs. 458 lakh profit a year ago, pulled down by losses at five subsidiaries. PTI, which contributed 12.49% of net worth (Rs. 35.96 crores) but no turnover, has ceased to be a joint venture. Auditor T R Chadha & Co LLP issued an unmodified review opinion.
The weak Q3 shows significant margin compression and a consolidated loss in 9M FY26, which is a negative for near-term earnings sentiment. However, the Rs. 100 crore cash inflow from the PTI sale will strengthen the balance sheet and can be redeployed, offering some support to the stock despite the operational weakness.