PPAP Automotive Secures INR 707 Crore in Lifetime Orders, Boosting Order Backlog to INR 4,171 Crore

PPAP Automotive Limited , a leading manufacturer of automotive sealing systems and interior and exterior automotive parts, has reported significant order wins and a robust order backlog, signaling strong future revenue potential despite current financial challenges.

Key Highlights

Lifetime order wins of INR 707.00 crore in H1FY26
Significant order of INR 460.00 crore from Tata Motors
Total order backlog stands at INR 4,171.00 crore
Q2FY26 financial results show mixed performance

Order Book Expansion

PPAP Automotive has secured lifetime orders worth INR 707.00 crore in the first half of FY2026, underscoring its strengthening position in both electric vehicle (EV) and non-EV segments. A major highlight was a significant order from Tata Motors, valued at INR 460.00 crore, covering both plastic and rubber extrusion components. This order is set to be executed over a three to five-year period, providing long-term revenue visibility.

The company's order backlog has reached INR 4,171.00 crore, offering strong long-term revenue potential. This substantial backlog reflects PPAP Automotive's successful strategic partnerships with leading OEMs and growing trust among EV players.

Expanding Customer Base

PPAP Automotive has begun supplies for new programs including Tata-Altroz, Maruti-Victoris, and Vinfast-VF6, further deepening its relationships with key OEMs. The company continues to enhance its engagement with major automotive manufacturers such as Maruti Suzuki, Tata Motors, Toyota, Honda, Renault, Mahindra, and SMG, while also expanding partnerships with emerging EV players.

Financial Performance

While the order book shows promise, the company's financial results for Q2FY26 present a mixed picture:

Particulars (INR Lakhs)	Q2 FY26	Q2 FY25	Y-o-Y Change
Revenue from operations	13,695.82	14,485.89	-5.5%
EBITDA	1,296.23	1,669.44	-22.3%
EBITDA Margin	9.3%	11.3%	-200 bps
Net Profit/(Loss)	(4.56)	285.57	-

The company experienced a 5.5% year-on-year decline in revenue from operations in Q2FY26. EBITDA also saw a significant decrease of 22.3%, with margins contracting by 200 basis points. The quarter ended with a marginal net loss of INR 4.56 lakhs, compared to a profit in the same quarter last year.

Management Commentary

Abhishek Jain, MD & CEO of PPAP Automotive Ltd, commented on the developments: "We are pleased to see our continued strategic focus translating into meaningful business wins across OEMs. The growing engagement with leading passenger vehicle manufacturers reflects the confidence placed in our solutions and manufacturing capabilities. With a robust order pipeline, an expanding presence in EV programs, and sustained quality performance, we remain optimistic about delivering long-term, sustainable growth for all stakeholders."

Outlook

Despite the current financial challenges, PPAP Automotive's strong order book and strategic positioning in both traditional and EV segments suggest potential for future growth. The company's ability to secure significant orders from major OEMs indicates its competitive strength in the automotive components sector.

Investors and stakeholders will be watching closely to see how PPAP Automotive translates its robust order backlog into improved financial performance in the coming quarters. The company's success in executing these orders efficiently will be crucial in determining its future trajectory in the dynamic automotive supply chain landscape.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-3.44%	-3.79%	+8.77%	+43.10%	+19.24%	-8.71%

PPAP Automotive Limited , a key player in the automotive components sector, has announced a crucial board meeting scheduled for November 13, 2025. The meeting agenda includes the review of the company's financial performance for the second quarter and the first half of the fiscal year 2025-26, as well as the consideration of an interim dividend.

Key Meeting Details

Aspect	Details
Date	November 13, 2025
Key Agenda Items	1. Review of Q2 and H1 FY26 financial results 2. Consideration of interim dividend
Record Date	November 19, 2025
Dividend Payment	Within 30 days of declaration (if approved)

Financial Results Review

The board will examine and approve the un-audited financial results, both standalone and consolidated, for the quarter and half-year ended September 30, 2025. This review is crucial for investors and analysts to gauge the company's performance in the current fiscal year.

Interim Dividend Consideration

A significant point of interest for shareholders is the board's deliberation on declaring an interim dividend. If approved, this would be for the financial year ending March 31, 2026. The company has set November 19, 2025, as the record date for determining shareholder eligibility for the potential dividend payout.

Investor Conference Call

Following the board meeting, PPAP Automotive has scheduled an earnings conference call for investors and analysts. This call, set for November 14, 2025, at 4:00 PM IST, will provide an opportunity for stakeholders to discuss the Q2 and H1 FY26 financial results with the company's top management.

Conference Call Details
Date: November 14, 2025
Time: 4:00 PM IST
Participants:
- Mr. Abhishek Jain (Managing Director & CEO)
- Mr. Sachin Jain (CFO)

Investors can access the call through various toll-free numbers provided for international participants, ensuring global accessibility to this important financial discussion.

This board meeting and the subsequent investor call represent significant events for PPAP Automotive, offering insights into the company's financial health and future prospects. Shareholders and potential investors will be keenly watching for the outcomes, particularly regarding the financial results and any decision on the interim dividend.