PPAP Automotive Quarterly Results

Charts

YoY Net Sales (Quarterly)

Operating Margin

EPS Growth

POSITIVES

Revenue growth of 20.5% in Q2 2023 compared to Q1 2023 shows strong upward momentum.
Net profit turned positive in Q2 2023, indicating improved operational efficiency.
Operating profit margin improved from Q1 to Q2 2023, suggesting better cost management.

NEGATIVES

Despite revenue growth, Q2 2023 net profit was only ₹0.54 crore, highlighting thin profitability.
Negative profit margins reported in two quarters indicate persistent profitability challenges.
High depreciation costs in recent quarters have impacted net earnings negatively.

Field	Sep 23	Dec 23	Mar 24	Jun 24	Sep 24	Dec 24	Mar 25	Jun 25
Revenue	148.40	122.36	135.70	122.68	144.86	139.25	147.22	116.63
Expenses	148.28	124.91	136.65	123.25	141.21	138.15	145.09	120.09
Operating Profit	0.12	-2.55	-0.95	-0.57	3.65	1.10	2.13	-3.47
Other Income	0.49	0.12	0.22	0.58	0.31	0.19	0.22	0.39
Interest	3.45	3.60	3.89	3.77	4.04	4.25	4.37	4.26
Depreciation	8.63	8.71	8.59	8.61	8.69	8.64	8.50	8.50
Profit Before Tax	0.46	-3.57	-0.94	0.10	3.85	1.92	2.98	-2.93
Tax	-0.08	-0.89	7.22	0	1	0.30	0.56	-0.66
Net Profit	0.54	-2.67	-8.16	0.10	2.86	1.62	2.42	-2.27
Eps in Rs	0.39	-1.91	-5.83	0.07	2.04	1.14	1.72	-1.61