PPAP Automotive Limited has informed the Exchange regarding Outcome of Board Meeting held on May 11, 2026.
PPAP · price
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PPAP Automotive Limited reported audited FY2026 results showing standalone revenue of Rs 53,629.54 lakhs (essentially flat vs Rs 53,764.17 lakhs in FY2025). However, standalone net profit surged 137% to Rs 3,343.48 lakhs from Rs 1,409.27 lakhs, driven by exceptional gains of Rs 4,978.61 lakhs from sale of Joint Venture stake partially offset by Rs 1,711.61 lakhs impairment loss on subsidiary investment. Consolidated net profit jumped to Rs 4,319.39 lakhs from Rs 699.71 lakhs. The Board recommended final dividend of Rs 1.50 per share and approved merger of Avinya Batteries Limited (WOS) into PPAP and slump sale of Tooling Business to Meraki Precision Tool Engineering Limited. Unmodified audit opinions were issued for both standalone and consolidated results.
The company delivered exceptional profit growth despite flat revenues due to one-time JV stake sale; investors may view the merger and restructuring positively as they simplify the group structure. Dividend continuation provides shareholder returns while the tooling business sale may help focus on core automotive components.