PPAP Automotive Limited — Investor Meet, 17-11-2025: Analysts/Institutional Investor Meet/Con. Call Updates

PPAP Automotive reported H1 FY26 consolidated revenue of INR 253.6 Cr (-5.2% YoY) and an EBITDA of INR 22 Cr (-21.9% YoY), resulting in a PAT loss of INR 2.3 Cr. This was primarily due to subdued automotive demand and delays in battery business sales. New lifetime orders worth INR 707 Cr in H1 provide strong visibility. Management anticipates a positive H2 driven by new model launches (Tata Sierra, Renault Duster, Maruti Suzuki e Vitara) and higher capacity utilization. Aftermarket and Industrial Products divisions also show growth. FY26 guidance projects revenue of INR 575-600 Cr and PAT of INR 10-12 Cr, reflecting confidence in a significant H2 rebound.