PPAP Automotive Sells 50% Stake in JV for ₹100 Cr; Q3 FY26 Results Declared
PPAP Automotive reported Q3 FY26 standalone net profit of ₹79.13 lakh. The company sold its entire 50% stake in PPAP Tokai India Rubber Private Limited to Tokai Kogyo Co. Ltd for ₹100 crore, effective February 13, 2026. Consolidated net profit for the quarter was ₹6.61 lakh.
The sale of a 50% stake in a joint venture for a substantial amount and the declaration of quarterly results are material events that are likely to impact investor decisions and the company's future financial structure.
The company reported its quarterly results and a significant divestment. While the divestment is a material event, the financial results show a decline in profitability compared to the previous year, leading to a neutral sentiment.
PPAP Automotive Limited's Board of Directors, in a meeting held on February 13, 2026, approved the unaudited financial results for the quarter and nine months ended December 31, 2025. The company reported standalone revenue from operations of ₹12,865.33 lakh for the quarter and ₹37,283.31 lakh for the nine months. Net profit for the quarter stood at ₹79.13 lakh, a decrease from ₹332.74 lakh in the same quarter last year.
In a significant development, PPAP Automotive announced the sale of its entire 50% stake in its joint venture, PPAP Tokai India Rubber Private Limited (PTI), to its joint venture partner, Tokai Kogyo Co. Ltd. This transaction, effective February 13, 2026, was executed for a cash consideration of ₹100 crore. The settlement agreement for this divestment was entered into on January 1, 2026.
The company's consolidated results for the quarter ended December 31, 2025, showed a net profit of ₹6.61 lakh, a notable decrease from ₹161.98 lakh in the corresponding quarter of the previous year. The consolidated revenue from operations for the quarter was ₹13,888.33 lakh.
PPAP Automotive Limited also disclosed that it has granted 45,425 stock options under its Employee Stock Option Plan 2022 during the quarter.
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PPAP Automotive Limited filed this with the NSE as a statutory disclosure, categorised under quarterly results. It is a primary document, not a recommendation, and the desk marks it high impact, which is the band that most often changes something.
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