PPAP Automotive Limited Q3 FY25 Results

We are pleased to report a stronger consolidated financial performance for Q3 and 9M FY25, demonstrating a sustained growth momentum. Revenue in Q3FY25 grew by 13.8% YoY to %139.2 crore. Gross profit increased by 17.1% YoY to %59.5 crore, with margins improving to 42.8%. EBITDA surged 43.3% YoY to %14 crore, expanding margins by 200 bps to 10.0%. We turned profitable on a consolidated basis, reporting a PAT of %1.6 crore in Q3FY25 against a loss of %2.7 crore in Q3FY24. Our improved supply chain management, enhanced product mix, and cost optimization measures, including sourcing efficiencies and operational streamlining, have significantly contributed to better profitability. During the quarter, we have commenced supplies for Maruti’s ‘New Swift’ and Honda AMAZE. We were also able to increase our share of business with Tata Motors, leveraging our expertise in plastic extrusion and injection moulding components. Our aftermarket business continues to gain traction with over 550 new products, with a continued focus on broadening our distribution network and initiating exports. In Q3FY25, company got the order of lifetime value of %192.8 crore, comprising %107.6 crore from EV and %85.1 crore from non-EV vehicles. Looking ahead, we remain committed to strengthening our value-added product portfolio, enhancing customer relationships, and expanding our domestic and international presence. We are on track to achieve our stated guidance and aim to close FY25 in line with earlier revenue guidance ensuring consistent and sustainable growth.