New Delhi, November 7: Automotive components manufacturer PPAP Automotive Limited reported a 78.9% rise in net profits to ₹2.5 crores for the quarter ended September 30, 2026 as the company worked towards improving operational efficiencies amid stronger order growth.
During the quarter, PPAP Automotive won orders worth ₹298 crores, with inflows from both EV and non-EV segments.
The company’s EBITDA has improved by 11.7% year on year (YoY), rising from ₹13.3 crore in Q2 FY27 to ₹14.9 crore for Q2 FY27, even as the company faced lower gross margins.
The company witnessed broad-based volume momentum across its vehicle segments as it continues to remain a trustworthy supplier of automotive sealing systems and interior and exterior automotive parts for major automobile original equipment manufacturers (OEMs). With strong growth in order wins, the company’s growth prospects remain strong across the automotive value chain for both EV and non-EV sectors.
“Q2FY27 witnessed sustained business momentum, supported by favorable industry dynamics, higher vehicle production and healthy demand across our key customer platforms. Our strong execution capabilities and focus on operational efficiencies enabled us to capitalize on these opportunities and deliver record quarterly revenue alongside an improvement in profitability.
Consolidated revenue for Q2FY27 grew by 29.8% YoY to ₹177.8 crore, while H1FY27 revenue increased by 31.8% YoY to ₹334.2 crore, reflecting sustained business momentum. EBITDA grew by 23.0% YoY to ₹15.7 crore in Q2FY27 and by 27.4% YoY to ₹28.1 crore in H1FY27. This strong operating performance translated into a significant improvement in profitability, with PAT increasing multifold in both Q2FY27 and H1FY27 YoY on a consolidated basis.
Order inflows witnessed a significant acceleration during the first half of FY27, reflecting strong customer confidence in our capabilities. We secured lifetime order wins of approximately ₹298 crore in Q2FY27, taking cumulative H1FY27 order wins to ~₹429 crore. Particularly encouraging has been the substantial growth in EV-related order wins, which increased to ~₹157 crore in H1FY27 from approximately ₹27 crore in H1FY26. Coupled with a healthy pipeline of opportunities in the non-EV segment, these wins reinforce our strengthening presence across conventional and electric vehicle platforms providing us a strong foundation for sustained growth over the coming years.” Mr. Ajay Kumar Jain, Chairman & MD of PPAP Automotive Ltd said in a press release.
