PPAP Automotive Q2 FY27 Revenue Reaches ₹177.83 Crore

PPAP Automotive Limited reported consolidated revenue of ₹177.83 crore for the quarter ended 30 September 2026, according to its Q2 FY27 results statement, while the supplied disclosures contain differing summaries of its EBITDA and net-profit figures. The results are unaudited and do not include management's forward-looking quantitative guidance.

What did PPAP Automotive report for Q2 FY27?

PPAP Automotive reported quarterly consolidated revenue of ₹1,778.266 lakh, equivalent to ₹177.83 crore, for Q2 FY27. The quarter ended on 30 September 2026, and the stated figures were published on 6 November 2026 as part of the company's results statement.

The reported revenue is broadly consistent with a separate supplied Q2 results update that cited revenue from operations of ₹177.8 crore and year-on-year growth of 29.8%. A summary table in the supplied material rounds quarterly revenue to ₹178 crore. These references point to the same approximate revenue level, with the detailed figure providing greater precision.

The company has stated that the available material is based on its consolidated financial results. It has not published an earnings-call transcript for the quarter in the information provided. As a result, the reported figures should be treated as disclosed quarterly results rather than management commentary or guidance.

How did PPAP Automotive's profitability figures compare with last year?

PPAP Automotive's detailed results statement lists quarterly EBITDA of ₹330.60 lakh, or ₹3.31 crore, compared with ₹15.66 lakh in the year-ago quarter. It also lists profit after tax of ₹207.39 lakh, or ₹2.07 crore, compared with a loss of ₹4.56 lakh a year earlier.

However, the supplied data includes a separate summary table that reports EBITDA of ₹16 crore, an operating margin of 8.8%, profit before tax of ₹3 crore, PAT of ₹2 crore and earnings per share of ₹1.75 for Q2 FY27. Another supplied results update dated 31 October 2026 refers to net profit of ₹2.5 crore. The materials do not explain the differences between these EBITDA and PAT references.

This makes revenue the clearest comparable figure in the available information. For profitability, investors should refer to PPAP Automotive's original consolidated filing and its detailed financial statements to establish the applicable line items, rounding conventions and any adjustments behind the varying summaries.

What is behind PPAP Automotive's current operating context?

PPAP Automotive operates in the automotive components sector, where production schedules at vehicle manufacturers and the addition of new programmes can influence quarterly sales volumes. In its Q1 FY27 commentary, the company said higher customer production schedules, demand across vehicle segments and the ramp-up of new programmes supported momentum.

For Q1 FY27, PPAP Automotive reported consolidated revenue from operations of ₹156.4 crore, up 34.1% year on year. It also said its aftermarket business recorded 30% year-on-year revenue growth during that quarter. The company has stated an aim for the aftermarket division to account for 10% of overall revenue by FY27.

The Q2 disclosure does not provide new quantitative revenue, volume or margin guidance. The supplied presentation material is primarily a record of financial results and operating highlights, rather than a forecast for subsequent quarters. That distinction is important when assessing the quarterly revenue figure against the company's longer-term plans.

What should investors watch after PPAP Automotive's Q2 results?

Investors should watch the Q2 and H1 FY27 earnings conference call scheduled for 11 November 2026 at 3:00 PM IST. PPAP Automotive said Managing Director and Chief Executive Officer Abhishek Jain and Chief Financial Officer Sachin Jain would participate in the call, which may provide clarification on the quarterly financial disclosures.

The company has also announced that its board approved a scheme to merge Avinya Batteries into PPAP Automotive, with completion targeted by Q4 FY27. The proposed merger is intended to simplify the group structure as the business matures, according to the supplied information. No financial impact from the transaction was specified in the Q2 material.

For context, PPAP Automotive had provided FY26 guidance of revenue between ₹575 crore and ₹600 crore, EBITDA between ₹60 crore and ₹65 crore, and PAT between ₹10 crore and ₹12 crore. Those targets related to FY26 and should not be read as FY27 guidance. The company has not supplied equivalent FY27 targets in the Q2 results information.

How do the reported numbers affect the market view?

The Q2 revenue figure shows PPAP Automotive maintained sales above its Q1 FY27 revenue of ₹156.4 crore. The detailed statement also indicates a move from a year-ago quarterly loss to positive PAT, although the supplied summaries differ on the exact profit figure and therefore limit precise margin analysis from the available material.

For shareholders, the main issue is disclosure consistency. Revenue is consistently reported at about ₹178 crore across the supplied references, while EBITDA is shown as both ₹3.31 crore and ₹16 crore, and PAT is shown between ₹2.07 crore and ₹2.5 crore. Confirmation through the company filing and the scheduled investor call would be relevant before drawing conclusions about operating-margin trends.

Conclusion

PPAP Automotive reported consolidated Q2 FY27 revenue of ₹177.83 crore for the quarter ended 30 September 2026. The supplied detailed statement shows EBITDA of ₹3.31 crore and PAT of ₹2.07 crore, including an improvement from a year-ago loss, but separate supplied summaries cite different profitability figures. Revenue is therefore the most consistently disclosed measure in the available material.

The next disclosed event is PPAP Automotive's Q2 and H1 FY27 earnings call on 11 November 2026. Investors will also monitor progress on the planned Avinya Batteries merger, which is targeted for completion by Q4 FY27, and any clarification the company provides on the varying EBITDA and PAT figures.