PPAP Automotive Limited — Updates, 07-02-2025: Press Release

PPAP Automotive Ltd. has reported notable financial performance for Q3 and the nine months ending December 2024. Revenue grew by 13.8% Year-over-Year (YoY) to ₹139.2 crore, while gross profit surged 17.1% YoY to ₹59.5 crore, resulting in increased margins of 42.8%. EBITDA rose 43.3% YoY to ₹14 crore, with margins expanding by 200 bps to 10.0%. The company achieved profitability with a PAT of ₹1.6 crore compared to a loss of ₹2.7 crore in the same quarter last year.

Significant operational developments include commencing supplies for Maruti’s ‘New Swift’ and Honda AMAZE, alongside expanding business with Tata Motors. The company secured an order with a lifetime value of ₹192.8 crore, comprising ₹107.6 crore from EVs and ₹85.1 crore from non-EV vehicles. Management remains optimistic, focusing on enhancing their product portfolio and customer relationships while aiming for steady growth in FY25.

Investors may view this positive momentum as indicative of the company's operational resilience and market position, suggesting potential growth ahead.