PPAP Automotive Q1 Results: Net profit turns positive at ₹230.10 lakhs
PPAP Automotive Limited returned to profitability in Q1FY26, reporting a standalone net profit of ₹230.10 lakhs versus a loss of ₹38.04 lakhs in Q1FY25. Consolidated revenue grew 34% YoY to ₹15,637.86 lakhs. The results exclude the impact of the recent divestment of its joint venture PTI, highlighting organic growth in automotive components.

*this image is generated using AI for illustrative purposes only.
PPAP Automotive Limited reported a return to profitability in its standalone results for the quarter ended June 30, 2026 (Q1FY26), with net profit rising to ₹230.10 lakhs from a loss of ₹38.04 lakhs in the corresponding period of FY25. The company’s consolidated revenue from operations expanded by 34% year-on-year to ₹15,637.86 lakhs, reflecting stronger demand for its automotive components and plastic injection molds. This operational improvement marks a significant turnaround from the previous quarter’s consolidated net profit of ₹4,544.51 lakhs, which was heavily influenced by exceptional items including a gain on the sale of a joint venture stake.
The Board of Directors approved the unaudited financial results on August 7, 2026, following a review by the Audit Committee. Statutory auditors T R Chadha & Co LLP issued an unmodified limited review report pursuant to Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The consolidated figures include results from five subsidiaries, while the financial information of these subsidiaries was reviewed by their independent auditors. CEO and Managing Director Abhishek Jain signed off on the filings.
Financial Performance Highlights
| Metric | Standalone Q1FY26 | Standalone Q1FY25 | Consolidated Q1FY26 | Consolidated Q1FY25 |
|---|---|---|---|---|
| Revenue from Operations | ₹14,423.34 lakhs | ₹11,143.99 lakhs | ₹15,637.86 lakhs | ₹11,662.85 lakhs |
| Net Profit / (Loss) | ₹230.10 lakhs | (₹38.04) lakhs | ₹86.55 lakhs | (₹227.13) lakhs |
| Basic EPS | ₹1.63 | (₹0.27) | ₹0.61 | (₹1.61) |
| Total Income | ₹14,757.83 lakhs | ₹11,281.25 lakhs | ₹15,848.65 lakhs | ₹11,701.59 lakhs |
Standalone revenue from operations increased 29% year-on-year to ₹14,423.34 lakhs, while other income rose to ₹334.49 lakhs from ₹137.26 lakhs. Total expenses stood at ₹14,450.28 lakhs, compared to ₹11,333.17 lakhs in Q1FY25. On a consolidated basis, profit before tax was ₹115.66 lakhs, against a loss of ₹293.42 lakhs in the prior year quarter. Tax expense included current tax of ₹53.78 lakhs and deferred tax credit of ₹24.67 lakhs.
What the Numbers Show
The shift from loss to profit in both standalone and consolidated metrics indicates improved cost management and revenue generation in core operations. While the previous quarter’s high profits were driven by a one-time gain of ₹4,978.61 lakhs from the sale of its 50% stake in PPAP Tokai India Rubber Private Limited (PTI), Q1FY26 results reflect sustainable operational performance. The divestment of PTI, completed in February 2026 for ₹10,000 lakhs, removed a joint venture from the equity method accounting effective January 1, 2026. Consequently, current quarter results exclude any share of profit or loss from PTI, allowing for a clearer view of the group’s standalone automotive components business. Employee benefit expenses remained stable at ₹3,031.96 lakhs (consolidated), suggesting controlled labor costs despite revenue growth.
Historical Stock Returns for PPAP Automotive
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +3.05% | +14.05% | +29.76% | +64.21% | +30.63% | +20.92% |
How will the removal of PTI's equity accounting impact PPAP Automotive's long-term revenue growth trajectory and margin stability?
What specific operational efficiencies or cost-control measures contributed to the turnaround in profitability despite a 29% increase in total expenses?
Are there plans to reinvest the ₹10,000 lakhs proceeds from the PTI divestment into new capacity expansion or R&D for electric vehicle components?


































