PPAP PPAP Automotive Q3 FY26 results (Oct–Dec 2025) and concall
PPAP Automotive reported a return to profitability in Q3 FY26 with a PAT of INR6.61 lakhs, driven by operational stabilization and strategic initiatives. The company successfully divested its 50-50 JV stake for INR100 crores, which will significantly reduce debt and fund future capex. Despite Q3 revenue being flat YoY at INR138.9 crores due to model-specific demand softness, the aftermarket and lithium-ion battery businesses showed strong growth and turnaround signs. Management provided positive FY26 guidance, projecting INR575 crores revenue, INR58 crores EBITDA, and INR8 crores PAT.
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What they filed
Q3 FY26: revenue down 4.9%, net profit down 76.3% against the same quarter last year.
| Line item | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 |
|---|---|---|---|---|---|---|
| Revenue | 141 | 135 | 142 | 111 | 133 −6% | 129 −5% |
| EBITDA | 18 | 15 | 16 | 10 | 13 −26% | 12 −22% |
| Net profit | 6 | 3 | 4 | -0 | 2 −65% | 1 −76% |
How to read this
₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.
Inve summary of a publicly available earnings call transcript; see how call summaries are prepared. Not investment advice.
