PPAP Automotive Limited submitted its unaudited financial results for Q1 FY27 (quarter ended 30th June, 2026) to BSE Limited and National Stock Exchange of India Limited pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Consolidated Financial Performance Q1FY27

  • Revenue from Operations: Increased by 34.1% YoY to ₹156.4 Crores
  • EBITDA: Grew by 33.3% YoY to ₹12.4 Crores
  • Profit After Tax: Stood at ₹0.9 Crores, compared to a loss of ₹2.3 Crores in Q1FY26

Standalone Financial Performance Q1FY27

  • Revenue from Operations: Increased by 29.4% YoY to ₹144.2 Crores
  • EBITDA: Grew by 23.7% YoY to ₹12.1 Crores
  • Profit After Tax: Increased to ₹2.3 Crores, compared to a loss of ₹0.4 Crores in Q1FY26

Business Highlights

  • Order Wins: Secured lifetime orders worth approximately ₹131 Crores in Q1FY27, representing 51.8% YoY growth over Q1FY26
  • EV segment orders rose significantly to approximately ₹64 Crores from approximately ₹11 Crores in Q1FY26
  • Order inflow was well balanced across both Electric Vehicle and Non-EV segments
  • Driven by model-based growth from existing and newly launched vehicle models
  • Customer Relationships: Strengthening relationships with leading OEMs including Maruti Suzuki, Tata Motors, Toyota, Honda, Renault, Mahindra and SMG
  • Market Expansion: Actively expanding presence with new domestic and global automotive customers

Strategic Partnership

  • Entered strategic partnership with Hutchinson for exclusive license to manufacture, market and sell advanced body sealing systems in India
  • Collaboration provides access to global technology, engineering expertise and product development capabilities
  • Strengthens PPAP's leadership in passenger vehicle sealing solutions

Management Commentary

Mr. Ajay Kumar Jain, Chairman & MD, commented:

  • Strong start to FY27 supported by favorable industry tailwinds and model-led growth
  • Performance driven by higher vehicle production, successful new model launches, and sustained passenger vehicle demand
  • Margin pressures from elevated raw material costs due to ongoing geopolitical situation in Middle East
  • Expect cost pressures to gradually ease as situation stabilizes
  • Healthy order pipeline, new product development initiatives, and favorable industry outlook provide strong foundation for sustained growth
  • Technology partnership with Hutchinson enhances capabilities in advanced sealing systems

Company Background

PPAP Automotive Limited, established in 1978, began as manufacturer of custom-engineered extrusion products. Entered automotive sector in 1985 by supplying plastic profiles for first generation Maruti vehicles. Leading manufacturer of plastic extrusion systems, injection-moulded components, rubber-based sealing solutions, Plastic Injection molds and energy storage solutions. Operates manufacturing and distribution facilities across India.