ScoutQuest7 Nov 2026
PPAP Automotive532934Quarterly results

PPAP Automotive Q2FY27: consolidated revenue up 29.8% to INR 177.8 crore and profit after tax back in the black

Q2FY27 consolidated revenue up 29.8% to INR 177.8 crore and PAT of INR 2.5 crore versus a loss, but gross margin fell to 39.8%.

By ScoutQuest · · 1 min read

Q2FY27 Consolidated Revenue
INR 177.8 crore, up 29.8% YoY
Q2FY27 PAT
INR 2.5 crore versus a loss of INR 0.05 crore a year earlier
Q2FY27 Gross Margin
slipped to 39.8% from 45.6%
Period
Q2FY27, ended 30 September 2026
Positioning
PPAP Automotive, part of the Ajay K Jain Group, presents itself as a global partner of choice in automotive body sealing, interior and exterior plastic injection parts and tooling, now adding aftermarket and export businesses.

📉 Consolidated revenue from operations rose 29.8% year on year to INR 177.8 crore in Q2FY27, EBITDA rose 23.0% to INR 15.7 crore and profit after tax was INR 2.5 crore against a loss of INR 0.05 crore a year earlier, while gross margin slipped to 39.8% from 45.6%.

📉 For H1FY27 consolidated revenue was INR 334.2 crore, up 31.8%, and profit after tax was INR 3.3 crore versus a loss of INR 2.3 crore in H1FY26; the company says margins are expected to improve over the coming quarters because the OEM raw-material pass-through mechanism involves a time lag.

📉 In the latest full year, FY26 consolidated revenue was INR 567.1 crore against INR 554.0 crore, but EBITDA fell to INR 51.5 crore from INR 57.2 crore and profit after tax of INR 43.2 crore was driven by exceptional items of INR 49.8 crore; before exceptionals, profit before tax was INR 0.5 crore versus INR 8.9 crore.

📋 Management states it will grow the aftermarket topline at 20% plus per annum with more SKUs, lift tooling capacity to 180 molds, extend exports beyond the USA into GCC countries, and execute a robust order book over the next five years.

More numbers
  • Revenue from operations, consolidated, Q2FY27177.8 (INR Crore)
  • Revenue growth YoY, consolidated, Q2FY2729.8%
  • EBITDA, consolidated, Q2FY2715.7 (INR Crore)
  • Profit after tax, consolidated, Q2FY272.5 (INR Crore)
  • Gross profit margin, consolidated, Q2FY2739.8%
  • Revenue from operations, consolidated, H1FY27334.2 (INR Crore)
  • Profit after tax, consolidated, H1FY273.3 (INR Crore)
  • Revenue from operations, standalone, Q2FY27165.1 (INR Crore)
  • Exceptional items, consolidated, FY2649.8 (INR Crore)
Source: BSE · 7 Nov 2026

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