PPAP Automotive Limited

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13th November, 2025 The Lis(cid:415)ng Department BSE Limited Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai – 400001 Symbol: 532934 The Lis(cid:415)ng Department The Na(cid:415)onal

707 crore

b) Press release (cid:415)tled “PPAP Automo(cid:415)ve secures life(cid:415)me order wins of INR ~707 crore in H1FY26, Order backlog stands at robust INR 4,171 crore as of H1FY26.” This is for your infor

INR 4,171 crore

ve secures life(cid:415)me order wins of INR ~707 crore in H1FY26, Order backlog stands at robust INR 4,171 crore as of H1FY26.” This is for your informa(cid:415)on and records. Thanking you, Yours Faithfull

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0 R 91 G 155 B 213 45+ Years of Excellence 5 Varied Technologies 50+ Diversified Customers 3,000+ No. of SKUs 5 Business Segments 10 Pan-India Operating Facilities 225k Parts Shipped Pe

INR 460 crore

s to remain healthy. We have secured a significant order from Tata Motors with a lifetime value of INR 460 crore, covering both plastic and rubber extrusion components, to be executed over the next three to five

INR 1

on of our shareholders’ continued trust and support, the Board has declared an interim dividend of INR 1 per share.” 6 R 1 G 123 B 196 R 231 G 116 B 22 R 166 G 167 B 170 R 32 G 56 B 100 R 91

1.5%

G 56 B 100 R 91 G 155 B 213 Industry Highlights • • • • Passenger Vehicle sales declined 1.5% in Q2 FY26, with UVs also down 2.1%, though the segment showed clear improvement toward the end

2.1%

ustry Highlights • • • • Passenger Vehicle sales declined 1.5% in Q2 FY26, with UVs also down 2.1%, though the segment showed clear improvement toward the end of the quarter as September sales gre

4.4%

hough the segment showed clear improvement toward the end of the quarter as September sales grew 4.4% driven by GST reductions, better sentiment, and festive demand 1 2 Exports were a strong highl

2.42 lakh

ere a strong highlight, with Passenger Vehicles recording their highest-ever quarterly exports at 2.42 lakh units, up 23% year-on-year. Passenger Vehicles Commercial Vehicles 3 4 Two- Wheeler Three-

23%

ht, with Passenger Vehicles recording their highest-ever quarterly exports at 2.42 lakh units, up 23% year-on-year. Passenger Vehicles Commercial Vehicles 3 4 Two- Wheeler Three- Wheeler Two-W

7.4%

ssenger Vehicles Commercial Vehicles 3 4 Two- Wheeler Three- Wheeler Two-Wheeler sales grew 7.4% in Q2 FY26 to 5.56 million units, supported by stronger economic activity, improved affordabilit

“With OEMs now ramping up production in H2, we anticipate a gradual and steady recovery in utilisation levels and profitability.”

“• 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”

“STP installed at Plant II supporting our water neutrality target 10% increase in the renewable energy target for FY 2025-26 has been launched.”

“The order covers both plastic and rubber extrusion components and will be executed over a period of three to five years.”

Automotive Ltd said

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Comments

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Automotive Parts Business

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Aftermarket Business

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Tooling Business

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Actively leveraging growth opportunities in

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Company

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Investor Relations Advisor

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About PPAP Automotive Limited

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Safe Harbor

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Automotive Ltd said

“The automotive industry recorded a slow start to the year, with OEM offtake remaining weak through the first half. September also witnessed muted customer production across several platforms. These factors coupled with deferred SOPs and lower customer call-offs, led to softer revenues and reduced capacity utilisation in Q2. However, toward the end of Q2, market conditions began to improve, supported by festive demand, improved sentiment, and stronger traction in both the PV and 2W segments. With OEMs now ramping up production in H2, we anticipate a gradual and steady recovery in utilisation levels and profitability. Our order book continues to remain healthy. We have secured a significant order from Tata Motors with a lifetime value of INR 460 crore, covering both plastic and rubber extrusion components, to be executed over the next three to five years. During the first half, we also commenced supplies for the Tata-Altroz, Maruti-Victoris, and Vinfast-VF6 programs. These developments

Comments

 Revenue stood at INR 253.6 Cr in H1 FY26, down 5.2% YoY, primarily due to subdued offtake from key automotive customers and the shifting of SOPs (Start of Production) for certain new programs, which led to temporary volume softness and delays in project ramp-ups by key OEMs  Gross margins improved to 45.4% in H1 FY26 from 43.5% in H1 FY25, driven by a higher share of in- house manufactured tools, coupled with a slightly better product mix and stable raw material costs, which supported margin expansion despite lower volumes together  EBITDA stood at INR 22.0 Cr, down 21.9% YoY, primarily due to lower capacity utilization, leading to under-absorption of fixed costs resulting from the decline in production volumes  At the PAT level, the company reported a loss of INR 2.3 Cr in H1 FY26. The decline in profitability reflects lower operating leverage and a loss of around INR 2.1 Cr in the Battery business, as initial discussions with prospective customers did not materialize into orders

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 up to 150 molds • To ramp up capacity utilisation and achieve operating leverage 18 R 1 G 123 B 196 R 231 G 116 B 22 R 166 G 167 B 170 R 32 G 56 B 100 R 91 G 155 B 213 Guidance and Roadmap to Margin Expansion (INR Cr) Particulars FY 25A FY 26E (Earlier) FY 26E (Revised) Revenue INR 554.0 INR 600 to 660 INR 575 to 600 EBITDA INR 57.2 INR 75 to 80 INR 60 to 65 PAT INR 7.1 INR 20 to 25 INR 10 to 12 FY 26 Guidance • The Company’s revenue performance first half remained softer than expected, driven by lower volumes arising from the deferment of SOPs by OEMs and reduced call-offs during the early part of the year and subdued sales in the Battery business. In view of these developments, the Company has revised its revenue guidance for FY26 to INR 575–600 crore in the • EBITDA for FY26 is expected to be initially projected, primarily due to reduced capacity utilisation and the under-absorptio

Actively leveraging growth opportunities in

Solar Energy Solutions, ESS R 1 G 123 B 196 R 231 G 116 B 22 R 166 G 167 B 170 R 32 G 56 B 100 R 91 G 155 B 213 Avinya Lithium-ion Battery Product Portfolio Major Clients 31 Business Segments: Aftermarket R 1 G 123 B 196 R 231 G 116 B 22 R 166 G 167 B 170 R 32 G 56 B 100 R 91 G 155 B 213 Elpis Automotive Parts Product Portfolio Regional Demand Breakup Focus on expanding the domestic network as well as international market Launched 550+ more products in aftermarket in FY25 Continuous expansion of existing Product portfolio & addition of new product lines Collaboration with other automotive part suppliers for increasing distribution channel for sales growth No. of Distributors 123 126 133 SKU Count 1,271 1,269 1,087 FY24 FY25 H1FY26 FY24 FY25 H1FY26 South 29.0% East 22.0% 17.0% 32.0% North West Online Sales Channel 1,250+ SKUs currently available under the categories of Interior and Exterior Accessories and Parts Carobis 0.5% Amazon 34.5% 65.0% Elpis 32 Product Portfolio: After Market Pr