PPAP Automotive Limited has submitted to the Exchange, the financial results for the period ended March 31, 2026.
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PPAP Automotive reported flat standalone revenue of Rs 53,630 lakhs (vs Rs 53,764 lakhs in FY25), while consolidated revenue grew marginally to Rs 56,705 lakhs. Standalone net profit jumped to Rs 3,343 lakhs from Rs 1,409 lakhs, with EPS at Rs 23.69 vs Rs 10.01 — driven by a Rs 4,978.61 lakh gain on sale of equity stake in its Joint Venture (PPAP Tokai India Rubber), partially offset by a Rs 1,711.61 lakh impairment loss on investment in and loan to a subsidiary. Excluding exceptional items, pre-tax profit fell to Rs 963 lakhs from Rs 1,878 lakhs, reflecting compressed operational performance. The Board also approved a merger of WOS Avinya Batteries Limited and a slump sale of the Tooling Business to WOS Meraki Precision Tool Engineering Limited. An unmodified audit opinion was issued by T R Chadha & Co LLP.
The exceptional JV gain inflated FY26 net profit, but underlying operations showed margin compression as revenue remained flat while costs rose. The corporate restructuring via merger and slump sale may reshape the group's business profile in FY27.