PPAP Automotive Limited — PPTs, 08-08-2025: Investor Presentation

Here's a summary of the attached document:

**1. Financial Highlights:**

Q1 FY26 consolidated revenue fell 4.9% YoY to INR 116.6 Cr, resulting in a net loss of INR 2.3 Cr. EBITDA declined 21.3% YoY to INR 9.3 Cr (8.0% margin). Gross profit margin improved to 45.2%. FY25 profitability targets were missed.

**2. Strategic Initiatives & Growth Drivers:**

PPAP aims to boost content per vehicle and exports, with aftermarket targeting 20%+ growth to 10% of FY27 revenue. Tooling capacity is enhancing. FY26 guidance projects revenue of INR 600-660 Cr and PAT of INR 20-25 Cr, driven by asset optimization and better material costs.

**3. Business Developments:**

New Q1 orders of INR 86.0 Cr, including INR 11.0 Cr from EVs, increased the lifetime order book to INR 3,439.0 Cr. The company is gaining new customers and strengthening existing OEM ties across ICE and EV. The battery division, though loss-making, expects a FY26 turnaround.

**4. Market Position & Competitive Advantage:**

A market leader in plastic sealing systems with 45+ years legacy, PPAP leverages strong OEM relationships, strategic alliances, R&D, and extensive pan-India distribution. Its engine-agnostic product portfolio provides a competitive edge.

**5. Investor Implications:**

Despite Q1's weak performance, the substantial lifetime order book and new EV orders signal positive growth potential. Investors should monitor the anticipated Q2 recovery and the battery division's turnaround, crucial for achieving FY26 profitability goals.