PPAP Automotive Q4 FY26 Earnings Call Strategic Reforms

PPAP Automotive held its Q4 & FY26 earnings call, announcing a strategic rebranding to Ajay Group and three major restructuring initiatives.
The company divested its JV stake in PPAP Tokai India for INR 100 crores and plans to hive off its tooling business and merge its battery subsidiary.
Q4 consolidated revenue grew 18.6% YoY to INR 174.6 crores, with EBITDA at INR 16.9 crores and capacity utilization improving to 78%.
Management deferred FY27 guidance due to market volatility but reported securing new business worth INR 840 crores and recommended a final dividend of INR 1.5 per share.