PPAP Automotive Management Guidance Tracker
8 forward-looking guidance items tracked across 2 quarters.
Revenue
Management reiterated full-year FY26 consolidated revenue guidance of approximately ₹575 crore.
Q4 FY26FY27 guidance deferred to Q1 FY27 earningsActiveManagement will provide FY27 guidance during Q1 FY27 earnings call due to demand uncertainty and geopolitical volatility.
Margins
Management guided for FY26 EBITDA of ₹58 crore, implying a margin of ~10.1%.
Q4 FY26Battery business expected to be profitable at PAT level in FY27TrackedBattery segment losses reduced to ~₹0.4 crore in Q4; management expects full recovery and profitability in FY27.
Growth
PAT for FY26 is expected at ₹8 crore, excluding the extraordinary gain from the JV stake sale.
Q3 FY26Aftermarket Business to Grow 30% in FY27TrackedManagement expects the aftermarket business to grow by another 30% in FY27, targeting monthly revenue of ₹5 crore.
Q4 FY26Capacity utilization to improve to 80-82% in FY27TrackedManagement anticipates utilization improving from 78% in Q4 to 80-82% over FY27, driving margin expansion.
Q4 FY26Tooling business to double mold output to ~300 per year in 3 yearsTrackedTooling division produced 148 molds in FY26; target is to reach ~300 molds annually within 3 years.