PPAP Automotive Q4 & FY26 Earnings Call Transcript

Mgmt Guided Margin ImprovementOrder Pipeline DisclosedCfo Debt Reduction RoadmapInvestor Communications View source PDF

PPAP · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reaction · full curve 14 horizons · vs prior close

+0.6%1-day move

₹208.20

prior close

₹207.54

base price

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AI summary

PPAP Automotive reported Q4 FY26 revenue of INR174.6 crores (up 18.6% YoY), EBITDA INR16.9 crores (up 12.9% YoY). FY26 revenue at INR567 crores missed revised guidance due to deferred SOPs. Key moves: divested PPAP Tokai JV for INR100 crores, tooling business to hive off into Meraki Precision Tools, Avinya Batteries to merge with parent. Secured INR840 crores new business across EV/ICE. Net debt at INR103 crores. Management expects FY27 margin improvement; FY27 guidance deferred to Q1.

Likely market impact

Restructuring sharpens business focus; JV sale boosts balance sheet. Missed FY26 targets and deferred FY27 guidance may cap near-term upside.