PPAP Automotive Q1FY27 Revenue Up 34.1% to ₹156.4 Cr, PAT Turns Positive
PPAP Automotive reported Q1FY27 consolidated revenue of ₹156.4 Crores, up 34.1% YoY, with EBITDA at ₹12.4 Crores, up 33.3% YoY. PAT turned positive at ₹0.9 Crores from a loss of ₹2.3 Crores. The company secured lifetime orders worth ₹131 Crores and entered a strategic partnership with Hutchinson for advanced body sealing systems.
The substantial revenue growth, positive shift to profitability, significant order wins, and a new strategic partnership are material developments that are likely to have a significant positive impact on the company's financial performance and market position.
The company reported significant year-on-year growth in revenue and EBITDA, turned profitable after a loss in the previous year, secured substantial new orders, and entered a strategic partnership, all indicating strong positive business performance and future outlook.
PPAP Automotive Limited announced its unaudited financial results for the quarter ended June 30, 2026, reporting a strong start to FY27. Consolidated revenue from operations increased by 34.1% year-on-year to ₹156.4 Crores, driven by robust model-based growth and favorable industry demand.
Consolidated EBITDA grew by 33.3% year-on-year to ₹12.4 Crores, and Profit After Tax turned positive at ₹0.9 Crores, compared to a loss of ₹2.3 Crores in the same quarter last year. On a standalone basis, revenue from operations increased by 29.4% year-on-year to ₹144.2 Crores, with Profit After Tax rising to ₹2.3 Crores from a loss of ₹0.4 Crores in Q1FY26.
The company secured lifetime orders worth approximately ₹131 Crores in Q1FY27, a significant 51.8% year-on-year growth. These orders were balanced across Electric Vehicle (EV) and non-EV segments, with EV orders contributing significantly at ~₹64 Crores. PPAP continues to strengthen relationships with leading OEMs and expand its customer base.
Additionally, PPAP entered a strategic partnership with Hutchinson, securing an exclusive license to manufacture, market, and sell advanced body sealing systems in India. This collaboration provides access to global technology and expertise, enhancing PPAP's leadership in passenger vehicle sealing solutions.
Mr. Ajay Kumar Jain, Chairman & MD, commented that the company entered FY27 from a position of strength, supported by industry tailwinds and model-led growth. He noted that margins were impacted by elevated raw material costs due to the geopolitical situation in the Middle East but expects these pressures to ease. He expressed optimism about future growth prospects, supported by a healthy order pipeline, new product development, and a favorable industry outlook. The partnership with Hutchinson was highlighted as a key strategic milestone.
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