PPAP Automotive Limited has scheduled its 31st Annual General Meeting (AGM) for September 18, 2026. The meeting will commence at 11:30 am and will be conducted through video conferencing or other audio-visual means.

The company issued the notice pursuant to Regulation 34 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The notice was filed with both the Bombay Stock Exchange and the National Stock Exchange of India Limited on August 24, 2026.

Meeting Details

The AGM aims to address routine business matters for the financial year 2025-26. Shareholders will participate remotely, adhering to the prescribed digital protocols for corporate meetings.

Annual Report Availability

The annual report for FY26 is available for review alongside the AGM notice. Investors can access these documents on the company’s official website at www.ppapco.in . The filing confirms the company’s compliance with statutory disclosure requirements for the period ending March 31, 2026.

Pankhuri Agarwal, Company Secretary and Compliance Officer, signed the disclosure notice. The document serves as formal intimation to shareholders regarding the upcoming governance event.

PPAP Automotive Limited company name returned to profitability in the first quarter of FY27, reporting consolidated revenue from operations of ₹156.4 crore, a 34.1% year-on-year increase. The company’s EBITDA rose 33.3% YoY to ₹12.4 crore, while Profit After Tax (PAT) stood at ₹86.55 lakh, reversing a loss of ₹227.13 lakh in Q1FY26. This turnaround reflects improved operational leverage and strong execution across key customer platforms, despite near-term margin pressures from elevated raw material costs linked to geopolitical tensions.

The unaudited financial results were approved by the Board of Directors on August 07, 2026, and filed with BSE Limited and The National Stock Exchange of India Limited pursuant to Regulation 33 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. An accompanying Analysts and Investors Presentation was issued pursuant to Regulation 30 of the same regulations on August 08, 2026. The figures have been subjected to limited review by the statutory auditors.

Financial Highlights

Note: Consolidated EBITDA for Q1FY26 was not explicitly disclosed in the extracted presentation; PAT is used as the primary profitability metric for comparison.

On a standalone basis, revenue grew by 29.4% YoY to ₹14,423.34 lakh. Standalone PAT improved significantly to ₹230.10 lakh from a loss of ₹38.04 lakh in the corresponding quarter of the previous fiscal year. The divergence between consolidated and standalone profits suggests that subsidiaries or joint ventures may have contributed lower margins or incurred losses during the quarter, diluting overall group profitability despite strong performance at the parent entity level.

Order Wins and Strategic Developments

The company booked lifetime orders worth approximately ₹131 crore in Q1FY27, representing a 51.8% YoY growth over Q1FY26. The order inflow was well-balanced across Electric Vehicle (EV) and Non-EV segments, with EV orders rising significantly to approximately ₹64.4 crore from approximately ₹11 crore in Q1FY26. This shift highlights PPAP’s increasing presence in the fast-growing EV market.

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 engineering expertise, strengthening the company’s leadership in passenger vehicle sealing solutions.

Structural Changes and Share Capital

During the quarter, the Group divested its entire 50% equity stake in PPAP Tokai India Rubber Private Limited (PTI) to Tokai Kogyo Co. Ltd. for a total cash consideration of ₹10,000 lakh on February 13, 2026. Consequently, PTI ceased to be accounted for as a joint venture under the equity method effective January 01, 2026. This restructuring aims to streamline operations and focus on core automotive component manufacturing.

Furthermore, the Holding Company allotted 37,917 shares upon exercise of stock options by ESOP holders under the PPAP Employee Stock Option Plan 2022 during the quarter. Paid-up equity share capital increased slightly to ₹1,415.30 lakh from ₹1,411.51 lakh in the previous quarter.

What the Numbers Show

The return to profitability is driven primarily by volume growth rather than margin expansion, as indicated by the parallel growth rates of revenue and profit. While standalone PAT (₹230.10 lakh) significantly outperformed consolidated PAT (₹86.55 lakh), this gap underscores the impact of associate entities on group-level earnings. The substantial rise in EV orders (from ₹11 crore to ₹64.4 crore) positions the company favorably for future revenue streams, although near-term margin pressures from raw material costs remain a key risk factor to monitor.

Source: https://lodr-files.dhan.co/lodr-inputs/Company/INE095I01015/369774d9-5c78-4db5-b8ad-ef62f1b9f5ac.pdf