PPAP Automotive Limited

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10th February, 2025 The Listing Department BSE Limited Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai – 400001 Symbol: 532934 The Listing Department The National Stock Exchange

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e Company. 2 PPAP at a Glance 45+ Years Of Legacy 5 Varied Technologies 50+ Diversified Customers 5 Business Segments 2,600+ No. of SKUs 5+ Electric Vehicles 10 Pan-India Operating Facilities 225

13.8%

rformance for Q3 and 9M FY25, demonstrating a sustained growth momentum. Revenue in Q3FY25 grew by 13.8% YoY to ₹139.2 crore. Gross profit increased by 17.1% YoY to ₹59.5 crore, with margins improving to

₹139.2 crore

Q3 and 9M FY25, demonstrating a sustained growth momentum. Revenue in Q3FY25 grew by 13.8% YoY to ₹139.2 crore. Gross profit increased by 17.1% YoY to ₹59.5 crore, with margins improving to 42.8%. EBITDA surge

17.1%

ed growth momentum. Revenue in Q3FY25 grew by 13.8% YoY to ₹139.2 crore. Gross profit increased by 17.1% YoY to ₹59.5 crore, with margins improving to 42.8%. EBITDA surged 43.3% YoY to ₹14 crore, expandi

₹59.5 crore

entum. Revenue in Q3FY25 grew by 13.8% YoY to ₹139.2 crore. Gross profit increased by 17.1% YoY to ₹59.5 crore, with margins improving to 42.8%. EBITDA surged 43.3% YoY to ₹14 crore, expanding margins by 200 b

42.8%

oY to ₹139.2 crore. Gross profit increased by 17.1% YoY to ₹59.5 crore, with margins improving to 42.8%. EBITDA surged 43.3% YoY to ₹14 crore, expanding margins by 200 bps to 10.0%. We turned profitable

43.3%

Gross profit increased by 17.1% YoY to ₹59.5 crore, with margins improving to 42.8%. EBITDA surged 43.3% YoY to ₹14 crore, expanding margins by 200 bps to 10.0%. We turned profitable on a consolidated ba

₹14 crore

increased by 17.1% YoY to ₹59.5 crore, with margins improving to 42.8%. EBITDA surged 43.3% YoY to ₹14 crore, expanding margins by 200 bps to 10.0%. We turned profitable on a consolidated basis, reporting a

200 bps

crore, with margins improving to 42.8%. EBITDA surged 43.3% YoY to ₹14 crore, expanding margins by 200 bps to 10.0%. We turned profitable on a consolidated basis, reporting a PAT of ₹1.6 crore in Q3FY25 ag

10.0%

margins improving to 42.8%. EBITDA surged 43.3% YoY to ₹14 crore, expanding margins by 200 bps to 10.0%. We turned profitable on a consolidated basis, reporting a PAT of ₹1.6 crore in Q3FY25 against a l

₹1.6 crore

ding margins by 200 bps to 10.0%. We turned profitable on a consolidated basis, reporting a PAT of ₹1.6 crore in Q3FY25 against a loss of ₹2.7 crore in Q3FY24. Our improved supply chain management, enhanced p

“ Monitoring of working capital management, execution timelines, and any further cost optimization measures will be key in maintaining margin improvements.”

“• Continue to grow topline at 20% plus per annum with a sharp focus on increasing number of SKUs • To strengthen distribution network for both domestic and international markets • The company aims to generate 10% of the overall revenue by FY27 from the aftermarket division”

Comments

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Automotive Parts Business

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Aftermarket Business

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Tooling Business

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Investor Relations Advisors

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Comments

COGS Gross Profit 77.3 58.0 70.1 49.6 16.9% Gross Profit Margin 42.9% 41.4% Employee Expenses Other Expenses EBITDA EBITDA Margin Other Income Depreciation Finance Cost Profit before Tax Tax expenses Profit / (Loss) for the year PAT Margins EPS 24.3 18.7 15.0 22.1 16.6 10.9 11.1% 9.1% 38.1% 1.1 8.0 3.7 4.4 1.1 3.3 0.6 8.2 3.1 0.2 0.0 0.2 2.4% 2.36 0.2% 0.17 1280.6% 79.7 61.6 43.6% 24.6 19.2 17.9 12.7% 1.1 8.1 3.5 7.5 1.9 5.6 3.9% 3.95 224.1 221.0 -5.9% 171.2 150.6 13.7% 43.3% 40.5% 71.6 54.6 44.9 67.3 51.8 31.5 11.4% 8.5% 3.4 24.1 10.5 13.8 3.4 2.9 24.1 9.0 1.2 -0.1 1.3 42.9% 684.1% -16.1% -40.8% -41.8% 10.3  Revenue at ₹395.3 Cr, +6.4% YoY, supported by a strong order pipeline and stable execution  EBITDA at ₹44.9 Cr, +42.9% YoY, with margin improving to 11.4% from 8.5%, driven by cost optimization  PAT at ₹10.3 Cr, +684.1% YoY, as financial leverage and operating efficiencies improve  Despite QoQ softness, fundamentals remain strong, with a healthy order focus ensuring book and m

Automotive Parts Business

• Focus on increasing content per vehicle through development of value-added products that will command higher margins • Timely execution of a robust order book over next 5 years • To increase exports which has commenced to USA and further, exploring for GCC countries • To onboard new customers and increase the share of business

Aftermarket Business

• Continue to grow topline at 20% plus per annum with a sharp focus on increasing number of SKUs • To strengthen distribution network for both domestic and international markets • The company aims to generate 10% of the overall revenue by FY27 from the aftermarket division

Tooling Business

• Committed to fulfil order pipeline spanning across auto and non-auto customers • To enhance capacity upto 12 molds • To ramp up capacity utilisation and achieve operating leverage 16 Guidance and Roadmap to Margin Expansion FY24 FY25E FY26E Sweating of Existing Assets and New Investments Growth Drivers for Margin Expansion Revenue Rs 523 Cr Rs 550 to 575 Cr Rs 600 to 660 Cr Softening of Raw Material Prices EBITDA Rs 40 Cr Rs 60 to 65 Cr Rs 75 to 80 Cr Improving Material Yield Ratios PAT Rs (13) Cr Rs 10 to 13 Cr Rs 20 to 25 Cr To Focus on Margin Accretive Products 17 Company Overview 18 Journey Towards Excellence 1978 – 1990 2002 – 2007 2015 – 2016 2023-2024 o Conversion of partnership firm to private company o Established Plant - I (Noida) o Start of Interior & Exterior Plastic Injection products o Honda added as customer o Incorporation of a partnership firm o Commenced Automotive business With Maruti Suzuki o Technical collaboration with Tokai Kogyo Co. (Japan) o Start of Automoti

Investor Relations Advisors

CIN: L74899DL1995PLC073281 CIN: U74140MH2010PTC204285 Ms. Pankhuri Agarwal investorservice@ppapco.com Mr. Aakash Mehta / Mr. Rahul Agarwal aakash.s.m@sgapl.net / rahul.agarwal@sgapl.net +91 98706 79263 / +91 98214 38864 www.ppapco.in www.sgapl.net 44