PPAP Automotive Limited , a leading automotive component manufacturer, reported a 4.9% year-over-year decline in consolidated revenue for the first quarter, amidst subdued automotive demand and project delays by OEMs. Despite the challenging start to the year, the company maintains its revenue guidance for FY26 and expects a gradual recovery from Q2 onwards.

Q1 Financial Highlights

• Consolidated revenue stood at Rs. 116.60 crores, down 4.9% year-over-year
• Parts business operated at 62% capacity utilization
• Aftermarket business showed strong growth of 27% year-over-year
• Secured new lifetime orders worth Rs. 86.00 crores, including Rs. 11.00 crores from EV programs
• Total order book maintained at Rs. 3,439.00 crores
• Commercial Toolroom business order book increased 30% year-over-year

Performance Across Business Segments

The company's performance varied across its different business segments during Q1:

Automotive Parts Business

This remains the primary growth engine for PPAP Automotive. The segment faced challenges due to subdued demand and deferment of project launches by key OEMs. However, the company continues to focus on enhancing content per vehicle, introducing higher-value-added products, and expanding its customer base.

Aftermarket Business (Elpis)

The aftermarket segment maintained healthy momentum with 1,275 SKUs, supported by both offline and online sales channels. Revenues from this business increased by 27% year-on-year in Q1.

Commercial Toolroom Business (Meraki Precision Tool Engineering)

This segment showed strong performance with a 30% year-on-year increase in the order book. The company is on track with capacity-enhancing plans to reach 150 molds per year.

Industrial Product Division (Avinya Industrial Products)

Sales in this segment remained similar to the same quarter last year. However, the company expects this division to double its business compared to the previous year.

Battery Business (Avinya Batteries)

This segment continues to advance its repositioning towards storage solutions, following a strategic shift from mobility applications last year.

Outlook and Guidance

Despite the challenging start, PPAP Automotive's management maintains its revenue guidance of Rs. 600.00 crores for the fiscal year. The company expects a gradual recovery from Q2 onwards, supported by improved execution and ramp-up of recently secured orders as well as new model launches.

Mr. Abhishek Jain, Managing Director and CEO of PPAP Automotive, commented on the results during the earnings conference call, stating, "We are optimistic that we are on track to deliver our stated guidance for Financial Year '26. We remain confident that our new business initiatives will gain strong traction this year, helping to de-risk our portfolio from sector-specific fluctuations."

The company's order book provides healthy revenue visibility, with newly secured orders expected to be executed over the next 3 to 5 years. PPAP Automotive continues to engage in new business opportunities with OEM manufacturers, leveraging its presence across both ICE and EV sectors.

As the automotive industry navigates through current challenges, including supply constraints on rare earth magnets from China, PPAP Automotive remains focused on its strategic initiatives and diversification efforts to drive growth and maintain its market position in the evolving automotive component landscape.

PPAP Automotive Limited , a key player in the automotive components sector, has announced important dates for its upcoming dividend distribution, subject to shareholder approval.

Key Details

Dividend Distribution Process

PPAP Automotive has set September 17, 2025, as the record date for determining shareholders eligible to receive dividends. This decision comes as part of the company's commitment to rewarding its shareholders, pending approval at the upcoming Annual General Meeting scheduled for September 25, 2025.

Regulatory Compliance

The company made this announcement in compliance with Regulation 42 of the Securities and Exchange Board of India (SEBI) Listing Obligations and Disclosure Requirements Regulations, 2015. PPAP Automotive's Company Secretary and Compliance Officer, Pankhuri Agarwal, confirmed this information in a formal communication to the stock exchanges.

Dividend Payment Timeline

Should the shareholders approve the dividend at the AGM, PPAP Automotive has committed to disbursing the payments within thirty days from the conclusion of the meeting. This timeline aligns with regulatory requirements and demonstrates the company's efficient shareholder service.

Investor Action

Shareholders of PPAP Automotive should ensure their details are up to date with their respective depositories or the company's registrar before the record date to facilitate smooth dividend processing, if approved.

The announcement of the record date and the forthcoming AGM reflects PPAP Automotive's adherence to corporate governance standards and its commitment to keeping shareholders informed about important financial events.