PPAP Automotive Ltd's Q3FY25 Quarter Results
- 08 Feb 2025
Result Summary
- PPAP Automotive Ltd reported a 3.9% quarter-on-quarter (QoQ) decrease in its consolidated revenues for the quarter-ended Dec (Q3FY25). On a year-on-year (YoY) basis, it witnessed a growth of 13.8%.
- Its expenses for the quarter were down by 2.2% QoQ and up 10.6% YoY.
- The net profit decreased 43.4% QoQ and decreased 160.7% YoY.
- The earnings per share (EPS) of PPAP Automotive Ltd stood at 1.1 during Q3FY25.
Financial Statments for Q3FY25
| (₹ crores) | Q3FY25 | Q2FY25 | Q3FY24 | QoQ (%) | YoY (%) |
|---|---|---|---|---|---|
Total Income | 139.44 | 145.17 | 122.48 | -3.9% | 13.8% |
Total Expenses | 138.16 | 141.21 | 124.91 | -2.2% | 10.6% |
Profit Before Tax | 1.29 | 3.96 | -2.43 | -67.4% | -153.1% |
Tax | 0.30 | 1.00 | -0.90 | -70.0% | -133.3% |
Profit After Tax | 1.62 | 2.86 | -2.67 | -43.4% | -160.7% |
Earnings Per Share | 1.10 | 2.00 | -1.90 | -45.0% | -157.9% |
Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results
Company Overview
PPAP Automotive Ltd is a company that operates in the automotive components industry. The company is primarily engaged in the manufacturing and supply of automotive parts to major automobile manufacturers. PPAP Automotive specializes in producing a range of products including automotive sealing systems, interior and exterior injection molded products, and other related components. The automotive industry in which PPAP operates is characterized by its high dependency on the performance of the larger automotive market, which includes car manufacturers and their demand for components. As of the latest available data, there are no specific major recent developments publicly available for PPAP Automotive Ltd. This report will focus on analyzing the financial performance of the company for the third quarter of the fiscal year 2025.
Revenue
In the third quarter of fiscal year 2025, PPAP Automotive Ltd reported a total income of ₹139.44 crores. This represents a decline of 3.9% quarter-over-quarter from ₹145.17 crores in the second quarter of fiscal year 2025. However, when compared to the same quarter in the previous fiscal year (Q3FY24), there was a year-over-year increase of 13.8% from ₹122.48 crores. This revenue trajectory indicates a short-term quarterly decrease but a positive annual growth trend in the company's total income. The data suggests a fluctuating revenue pattern, typical within the automotive sector due to changing demand and market conditions.
Profitability
PPAP Automotive Ltd's profitability metrics for Q3FY25 reflect a decrease in profit margins compared to the previous quarter. The company recorded a profit before tax of ₹1.29 crores, down 67.4% from ₹3.96 crores in Q2FY25. Despite this decline, the year-over-year comparison shows a positive shift from a loss of ₹2.43 crores in Q3FY24 to a profit. The profit after tax for Q3FY25 was ₹1.62 crores, which is a 43.4% decrease from Q2FY25 but marks a significant turnaround from a loss of ₹2.67 crores in the same quarter last year. Earnings per share followed a similar trend, recording ₹1.10 in Q3FY25, down from ₹2.00 in Q2FY25, yet improved from a negative figure of ₹-1.90 in Q3FY24.
Operating Metrics
Analyzing the operating metrics of PPAP Automotive Ltd for Q3FY25, the company reported total expenses of ₹138.16 crores, which is a 2.2% decrease from ₹141.21 crores in Q2FY25. On a year-over-year basis, the total expenses increased by 10.6% from ₹124.91 crores in Q3FY24. The company’s tax expenses also saw a significant reduction in Q3FY25, with ₹0.30 crores compared to ₹1.00 crore in the preceding quarter, reflecting a 70.0% decrease. Year-over-year, there was a shift from a tax benefit (negative tax expense) of ₹-0.90 crores in Q3FY24 to a positive tax expense in Q3FY25. These operating metrics highlight changes in the company's cost management and tax liabilities over the periods analyzed.
