PPAP Automotive Ltd (NSE:PPAP)

Q2 2026 PPAP Automotive Ltd Earnings Call Transcript

Nov 14, 2025 / 10:30 AM GMT

Release Date Price: ₹244 (-3.42%)

Transcript

Key Points

Positve

PPAP Automotive Ltd (BOM:532934) secured lifetime orders worth 621 crores in Q2, increasing the order book to 707 crores for the first half of FY26.
The company's lifetime order book now stands at 4,171 crores, providing long-term revenue visibility.
The aftermarket business under the Elvis brand grew 37% year on year, with plans to expand product offerings and distribution.
The commercial toolroom business under the Meraki brand is on track to achieve over 20% growth this year, with a robust order pipeline.
The industrial product division is expected to grow multifold this year, leveraging core competencies in plastic and rubber extrusion technologies.

Negative

Consolidated revenue from operations decreased by 5.2% year on year due to subdued demand from key automotive customers.
The lithium-ion battery pack facility operated at only 5% capacity utilization, contributing to a loss of 2.1 crores in the battery business.
Consolidated EBITDA fell by 21.9% year on year due to lower asset utilization and underabsorption of fixed costs.
The company reported a consolidated loss of 2.3 crores for the first half, primarily due to lower operating leverage.
Approval delays in the battery division led to lower sales in Q2, impacting overall financial performance.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

PPAP.NS - PPAP Automotive Ltd
Q2 2026 PPAP Automotive Ltd Earnings Call
Nov 14, 2025 / 10:30AM GMT

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Presentation
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Unidentified_1 [1]
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Ladies and gentlemen, good day and welcome to the PPAP Automotive Limited's earnings conference call for Q2 and H1F526.

This conference call may contain forward-looking statements about the company which are based on the beliefs, opinions, and expectations of the company as on the date of this call.

These statements are not the guarantees of future performance and involve risks and uncertainties that are difficult to predict.

As a reminder, all participant lines will be in the listen-only mode, and there will be an opportunity for you to ask questions after the presentation concludes. Should you need assistance during the conference call, please signal an operator by pressing, then 0 on your touchtone phone.

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