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PPAP Automotive
SectorConsumer Discretionary
The Quarter story
The two most recent quarterly results, compared side-by-side.
PPAP Automotive shows steady revenue growth and strong EV order momentum, though profitability remains volatile amid rising costs and seasonal swings.
Revenue grew from ₹111.4 Cr to ₹144.2 Cr from Q1 FY26 to Q1 FY27 — consistent sales expansion across passenger vehicles and three-wheelers
EBITDA margin slipped from 11.0% to 7.9% from Q4 FY26 to Q1 FY27 — pricing pressure and cost inflation are squeezing operating profits
EV order wins rose from ₹10 Cr to ₹64.4 Cr from Q3 FY26 to Q1 FY27 — strong adoption of electric vehicle platforms
Employee expenses rose from ₹26.5 Cr to ₹30.3 Cr from Q2 FY26 to Q1 FY27 — rising wage inflation is weighing on cost efficiency
Gross profit increased from ₹58.1 Cr to ₹65.2 Cr from Q3 FY26 to Q1 FY27 — healthy top-line conversion despite input cost fluctuations
PAT margin dropped from 19.0% to 0.6% from Q4 FY26 to Q1 FY27 — seasonal swings and higher finance costs are creating erratic bottom-line performance
Standalone EBITDA climbed from ₹9.8 Cr to ₹12.1 Cr from Q1 FY26 to Q1 FY27 — resilient core profitability from ongoing operations
Two-wheeler sales fell from 57.73 to 3.68 from Q4 FY26 to Q1 FY27 — severe demand drop is disrupting segment stability
Commercial vehicle exports jumped from 0.24 to 28,000 from Q2 FY26 to Q1 FY27 — massive overseas demand expansion
Finance cost increased from ₹3.9 Cr to ₹4.3 Cr from Q2 FY26 to Q1 FY27 — higher debt servicing burden is limiting cash flow flexibility
