PPAP Automotive Ltd
PPAP Automotive Q3 FY26 earnings call: Revenue & Margins
Q3 FY26 earnings call: what management guided on revenue, margins and order book.
The short version
Q4 FY'26 shows encouraging performance with volumes gradually ramping up, aligning with expected forecasts. The company expects Q4 performance to be encouraging and in line with expectations, with gradual ramp-up in volumes.
From PPAP Automotive Ltd's Q3 FY26 earnings-call transcript · updated 23 Aug 2026.
Revenue & Sales Performance
- Q4 FY'26 shows encouraging performance with volumes gradually ramping up, aligning with expected forecasts.
- For FY'27, detailed revenue and margin guidance will be provided after the March Board meeting.
- Aftermarket business is expected to grow ~30% next year, targeting around INR5 crores monthly recurring revenue.
- Expansion into 2-wheelers via Suzuki Motorcycle and commercial vehicles on the EV side is underway to diversify and de-risk.
- Aftermarket aims to contribute 10% of total revenue over time (currently 5%).
- Lithium-ion battery business is approaching a turnaround with growing confirmed orders, expected to reduce operating losses and scale sales further.
2 more points management made on revenue & sales performance
Profitability & Margins
See what PPAP Automotive Ltd said on profitability & margins — free account, 30 seconds.
Capital Expenditure Plans
- The company plans significant capex including INR30 crores for setting up EPDM rubber business at the Chennai facility, with building nearly ready and machinery installation expected by April 2026.
- Total capex planned for FY26 is INR55 crores, with INR37 crores already spent in the first 9 months; the remaining to be covered in the last quarter.
- Proceeds of INR100 crores from JV exit will be used judiciously for debt reduction and strategic capital expenditure.
- Capex plans for FY27 will be announced post the March Board meeting, implying ongoing investment evaluation.
2 more points management made on capital expenditure plans
Top-ranked in Auto Components
Ranked on what management guided this quarter
Rank buckets describe management commentary on revenue and margin. Not investment advice, and not a forecast of returns.
Fundraising & Capital Structure
See what PPAP Automotive Ltd said on fundraising & capital structure — free account, 30 seconds.
Order Book & Pipeline
- The current order book stands at INR 752 crores.
- Breakdown: INR 38 crores from EVs and INR 714 crores from non-EVs.
- Approximately 95% of the order book is from passenger vehicles, with about 5% from 2-wheelers and other segments.
- Key customers include Maruti, Tata, Honda, MG, Hyundai, and Suzuki Motorcycle (2-wheelers).
- Development of parts for 2-wheelers through Suzuki Motorcycle is underway, with plans for mass production within the year.
2 more points management made on order book & pipeline
PPAP Automotive Ltd — Quarterly revenue & net profit
Reported quarterly figures (₹ Cr). Latest: revenue ₹175 Cr, net profit ₹45 Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.
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What PPAP Automotive's management said in earlier quarters
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Frequently Asked Questions
What were PPAP Automotive Ltd Q3 FY26 results?
Q4 FY'26 shows encouraging performance with volumes gradually ramping up, aligning with expected forecasts. The company expects Q4 performance to be encouraging and in line with expectations, with gradual ramp-up in volumes.
What is PPAP Automotive Ltd share price analysis?
PPAP Automotive Ltd currently shows a neutral. The stock trades at a P/E of 222.4 with a market cap of ₹420 Cr. Investors should review the full earnings analysis for detailed insights.
Is PPAP Automotive Ltd planning capital expenditure?
The company plans significant capex including INR30 crores for setting up EPDM rubber business at the Chennai facility, with building nearly ready and machinery installation expected by April 2026.
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This analysis is AI-generated based on publicly available earnings data and the company's earnings call transcript. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.