PPAP Automotive Limited — Investor Meet, 18-08-2025: Analysts/Institutional Investor Meet/Con. Call Updates

PPAP Auto's Q1 FY26 revenue declined 4.9% year-on-year to ₹116.6 Cr due to subdued demand and project launch delays, leading to margin pressure and 62% capacity utilization. Despite a soft Q1, management remains optimistic, expecting a gradual recovery from Q2 and confidence in achieving FY26 guidance. New lifetime orders worth ₹86 Cr (₹11 Cr from EV programs) were secured, bringing the total order book to ₹3,439 Cr. Aftermarket sales grew 27% year-on-year. The Battery business is strategically shifting to storage solutions, aiming for a turnaround. Management expects a return to double-digit margins. #AutoAncillary #EarningsCall