PPAP Automotive Limited

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8th August, 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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G 167 B 170 R 32 G 56 B 100 45+ Years Of Legacy 5 Varied Technologies 50+ Diversified Customers 5 Business Segments 3,000+ No. of SKUs 5+ Electric Vehicles 10 Pan-India Operating Facilities 225

INR 86.0 Crore

of PPAP Automotive Ltd said: “We have started FY26 on a strong note by securing new orders worth INR 86.0 Crores, including INR 11.0 Crores from EV programs, within the first quarter. This highlights the ongoin

INR 11.0 Crore

id: “We have started FY26 on a strong note by securing new orders worth INR 86.0 Crores, including INR 11.0 Crores from EV programs, within the first quarter. This highlights the ongoing trust from OEMs. Our stra

4.9%

aditionally, Q1 is our most challenging quarter, and this year was no exception. Sales declined by 4.9% year-on-year to INR 116.6 Crores, due to reduced demand and delays in project startups by key OEMs

INR 116.6 Crore

r most challenging quarter, and this year was no exception. Sales declined by 4.9% year-on-year to INR 116.6 Crores, due to reduced demand and delays in project startups by key OEMs. Our capacity utilization stood

62%

ue to reduced demand and delays in project startups by key OEMs. Our capacity utilization stood at 62%, largely affected by lower volumes and irregular order flow from major customers. Looking ahead,

1 million

R 32 G 56 B 100 1 2 3 4 Passenger Vehicles • • Passenger Vehicle sales again crossed the 1 million mark in Q1 of 2025-26 (1.01 million units), it is the 2nd time in a row in Q1 in last 2 years. Due

1.01 million

assenger Vehicles • • Passenger Vehicle sales again crossed the 1 million mark in Q1 of 2025-26 (1.01 million units), it is the 2nd time in a row in Q1 in last 2 years. Due to lower sales in the later part of

1.4%

Q1 in last 2 years. Due to lower sales in the later part of the quarter, sales in Q1 were lower by 1.4% as compared to Q1 of 2024-25 The share of Utility Vehicles (UVs) in the Passenger Vehicle segment h

66%

Q1 of 2024-25 The share of Utility Vehicles (UVs) in the Passenger Vehicle segment has now grown to 66%. UVs have posted a growth of 3.8% in Q1 of 2025-26, over Q1 of 2024-25, while the Passenger Cars

3.8%

Vehicles (UVs) in the Passenger Vehicle segment has now grown to 66%. UVs have posted a growth of 3.8% in Q1 of 2025-26, over Q1 of 2024-25, while the Passenger Cars segment has degrown by 11.2% over Q

““We have started FY26 on a strong note by securing new orders worth INR 86.0 Crores, including INR 11.0 Crores from EV programs, within the first quarter.”

“Sales declined by 4.9% year-on-year to INR 116.6 Crores, due to reduced demand and delays in project startups by key OEMs.”

“• 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 R 231 G 116 B 22 R 166 G 167 B 170 R 32 G 56 B 100”

“However, it remains loss-making, which contributed to a shortfall in our overall profitability guidance.”

“10% increase in the renewable energy target for FY 2025-26 has been launched.”

PPAP Automotive Ltd said

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Automotive Parts Business

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Aftermarket Business

1

Tooling Business

1

Investor Relations Advisors

1

PPAP Automotive Ltd said

“We have started FY26 on a strong note by securing new orders worth INR 86.0 Crores, including INR 11.0 Crores from EV programs, within the first quarter. This highlights the ongoing trust from OEMs. Our strategic efforts in strengthening relationships with existing clients while bringing in new customers have contributed to our success. Traditionally, Q1 is our most challenging quarter, and this year was no exception. Sales declined by 4.9% year-on-year to INR 116.6 Crores, due to reduced demand and delays in project startups by key OEMs. Our capacity utilization stood at 62%, largely affected by lower volumes and irregular order flow from major customers. Looking ahead, we are optimistic about a gradual recovery in Q2, supported by improved execution, ramp-up of recently secured orders, and traction in our value-added and export-focused segments, thereby keeping us firmly on track to deliver our stated guidance for FY26.” 5 Industry Highlights R 231 G 116 B 22 R 166 G 167 B 170 R 32

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 R 231 G 116 B 22 R 166 G 167 B 170 R 32 G 56 B 100

Tooling Business

• Committed to fulfil order pipeline spanning across auto and non-auto customers • To enhance capacity upto 150 molds • To ramp up capacity utilisation and achieve operating leverage 12 R 231 G 116 B 22 R 166 G 167 B 170 R 32 G 56 B 100 Guidance and Roadmap to Margin Expansion FY24 FY25E Earlier Guidance FY25A Actual FY26E Revenue INR 523 Cr INR 550 to 575 Cr INR 554 Cr INR 600 to 660 Cr EBITDA INR 40 Cr INR 60 to 65 Cr INR 57.2 Cr INR 75 to 80 Cr PAT INR (13) Cr INR 10 to 13 Cr INR 7.1 Cr INR 20 to 25 Cr • The company's revenue performance remained stable, albeit at the lower end of the guided range, with overall growth tempered by broader trends in the auto industry. Robust momentum in segments such as utility vehicles and two-wheelers provided support, though relatively subdued demand in passenger cars and commercial vehicles impacted the overall growth trajectory • The battery division under Avinya (formerly PTech) delivered a relatively improved performance compared to the previou

Investor Relations Advisors

CIN: L74899DL1995PLC073281 CIN: U74140MH2010PTC204285 Ms. Pankhuri Agarwal investorservice@ppapco.com Mr. Nitin Agarwal/ Mr. Karan Thakker nitin.agarwal@sgapl.net /karan.thakker@sgapl.net +91 83038 79589 / +91 81699 62562 www.ppapco.in www.sgapl.net 41