What was PPAP Automotive's revenue in Q3 FY26?

PPAP Automotive reported revenue of ₹139 Cr in Q3 FY26, a 0% change year-over-year.

Did PPAP Automotive management deliver on previous promises?

Scorecard data is being built as historical quarters are processed.

PPAP Automotive Q3 FY26 Research Workspace: Revenue ₹139 Cr (0%)

Q: What guidance did PPAP Automotive management give?

FY26 Revenue Guidance of ₹575 crore: Management reiterated full-year FY26 consolidated revenue guidance of approximately ₹575 crore.

Revenue ₹139 Cr 0%

EBITDA —

PAT ₹0 Cr

EBITDA Margin 9%

Duration 42 min

Read Time 1 min read

✓ Verified against BSE filing

2-Minute Summary

✦ AI-Generated from Full Transcript

PPAP Automotive's Q3 FY26 consolidated revenue was ₹138 crore, flat YoY, impacted by model-specific demand softness at key OEMs (Maruti, Tata, Honda). PAT turned positive at ₹6.61 lakh vs. prior quarter loss, signaling operational stabilization. The company completed the sale of its 50% stake in the Tokai Kogyo JV for ₹100 crore, which will reduce net debt and fund capex. Management reiterated FY26 guidance of ₹575 crore revenue and ₹58 crore EBITDA, with PAT of ₹8 crore (ex-JV gain). Aftermarket grew 30% YoY, now 5% of revenue. The Chennai EPDM rubber plant expansion (₹30 crore capex) is on track for April 2026. Key risk: continued model-specific volume weakness at major customers could delay the expected Q4 recovery.

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Research workspace

Focused Modules

!Risks 4 risks

Risk Intelligence

Model-Specific Volume Softness at Key OEMs

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Quarter Snapshot

Aftermarket Revenue Growth 30%

+30% YoY

Aftermarket business (LPS Automotives) grew over 30% YoY driven by distribution expansion and product portfolio increase.

Order Book ₹752 crore

N/A

Order book of ₹752 crore includes ₹38 crore from EV and ₹714 crore from non-EV segments, primarily passenger vehicles.

Capex Spent (9M FY26) ₹37 crore

N/A

Total capex spent in 9M FY26 was ₹37 crore against planned ₹55 crore for the full year.

Aftermarket Monthly Revenue Run-Rate ₹2.5 crore

+67% YoY

Aftermarket monthly revenue increased from ₹1.5 crore at start of FY26 to ₹2.5 crore in Q3; target ₹3 crore in Q4.

Fast read

Guidance and risk preview

Top guidance FY26 Revenue Guidance of ₹575 crore

Management reiterated full-year FY26 consolidated revenue guidance of approximately ₹575 crore.

Top risk Model-Specific Volume Softness at Key OEMs

Q3 performance was impacted by lower-than-expected volumes for specific models at Maruti, Tata, and Honda.