Integrated Filing — IndAS



General information about company

Scrip Code 532934
NSE Symbol PPAP
MSEI Symbol NOTLISTED
ISIN INE095I01015
Name of company PPAP AUTOMOTIVE LIMITED
Type of company Main Board
Class of security Equity
Date of start of financial year 01-04-2025
Date of end of financial year 31-03-2026
Date of board meeting when results were approved 13-11-2025
Date on which prior intimation of the meeting for considering financial results was informed to the exchange 10-11-2025
Description of presentation currency INR
Level of rounding used in financial results Lakhs
Reporting Type Quarterly
Reporting Quarter Second quarter
Nature of report standalone or consolidated Standalone
Whether results are audited or unaudited for the quarter ended Unaudited
Whether results are audited or unaudited for the Year to date for current period ended/year ended Unaudited
Segment Reporting Single segment
Description of single segment Manufacturing of automotive components
Start date and time of board meeting 13-11-2025   12:15:00
End date and time of board meeting 13-11-2025   15:40:00
Whether cash flow statement is applicable on company Yes
Type of cash flow statement Cash Flow Indirect
Declaration of unmodified opinion or statement on impact of audit qualification Declaration of unmodified opinion
Whether the company has any related party? Yes
Whether the company has entered into any Related Party transaction during the selected half year for which it wants to submit disclosure? Yes
(I) We declare that the acceptance of fixed deposits by the bans/Non-Banking Finance Company are at the terms uniformly applicable/offered to all shareholders/public No
(II) We declare that the scheduled commercial bank, as per RBI circular RBI/DBR/2015-16/19 dated March 03, 2016, has allowed additional interest of one per cent per annum, over and above the rate of interest mentioned in the schedule of interest rates on savings or a term deposits of banks staff and their exclusive associations as well as on deposits of Chairman, Chairman & Managing Director, Executive Director or such other Executives appointed for a fixed tenure. NA
Whether the company is a high value debt listed entity according to regulation 15 (1A)? No
(a) If answer to above question is Yes, whether complying with proviso to regulation 23 (9), i.e., submitting RPT disclosures on the day of results publication?
(b) If answer to above question is No, please explain the reason for not complying.
Whether the updated Related Party Transactions (RPT) Policy (in compliance with Reg. 23 of SEBI LODR) has been uploaded on the website of the Company? Yes
Latest Date on which RPT policy is updated 07-02-2025
Indicate Company website link for updated RPT policy of the Company https://www.ppapco.in/financials#disclosure_under_regulation_46_of_lodr
Whether statement on deviation or variation for proceeds of public issue, rights issue, preferential issue, qualified institutions placement etc. is applicable to the company for the current quarter? No
No. of times funds raised during the quarter
Whether the disclosure for the Default on Loans and Debt Securities is applicable to the entity? No
No default made



Financial Results Ind-AS

Amount in (Lakhs)

Particulars 3 months/ 6 months ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
A Date of start of reporting period 01-07-2025 01-04-2025
B Date of end of reporting period 30-09-2025 30-09-2025
C Whether results are audited or unaudited Unaudited Unaudited
D Nature of report standalone or consolidated Standalone Standalone
1 Income
Revenue from operations 13,273.98 24,417.97
Other income 128.68 265.94
Total income 13,402.66 24,683.91
2 Expenses
(a) Cost of materials consumed 7,418.20 13,972.24
(b) Purchases of stock-in-trade 0.00 0.00
(c) Changes in inventories of finished goods, work-in-progress and stock-in-trade (170.47) (681.05)
(d) Employee benefit expense 2,649.96 5,024.43
(e) Finance costs 385.37 767.18
(f) Depreciation, depletion and amortisation expense 817.05 1,604.81
(f) Other Expenses
1 Other expenses 2,045.64 3,791.31
Total other expenses 2,045.64 3,791.31
Total expenses 13,145.75 24,478.92
3 Total profit before exceptional items and tax 256.91 204.99
4 Exceptional items 0.00 0.00
5 Total profit before tax 256.91 204.99
6 Tax expense
7 Current tax 0.00 0.00
8 Deferred tax 62.01 48.14
9 Total tax expenses 62.01 48.14
10 Net movement in regulatory deferral account balances related to profit or loss and the related deferred tax movement 0.00 0.00
11 Net Profit Loss for the period from continuing operations 194.90 156.85
12 Profit (loss) from discontinued operations before tax 0.00 0.00
13 Tax expense of discontinued operations 0.00 0.00
14 Net profit (loss) from discontinued operation after tax 0.00 0.00
15 Share of profit (loss) of associates and joint ventures accounted for using equity method 0.00 0.00
16 Total profit (loss) for period 194.90 156.85
17 Other comprehensive income net of taxes 91.57 87.95
18 Total Comprehensive Income for the period 286.47 244.80
19 Total profit or loss, attributable to
Profit or loss, attributable to owners of parent
Total profit or loss, attributable to non-controlling interests
20 Total Comprehensive income for the period attributable to
Comprehensive income for the period attributable to owners of parent
Total comprehensive income for the period attributable to owners of parent non-controlling interests
21 Details of equity share capital
Paid-up equity share capital 1,411.51 1,411.51
Face value of equity share capital 10 10
27 Details of debt securities
22 Reserves excluding revaluation reserve
23 Earnings per share
i Earnings per equity share for continuing operations
Basic earnings (loss) per share from continuing operations 1.38 1.11
Diluted earnings (loss) per share from continuing operations 1.38 1.11
ii Earnings per equity share for discontinued operations
Basic earnings (loss) per share from discontinued operations 0 0
Diluted earnings (loss) per share from discontinued operations 0 0
ii Earnings per equity share
Basic earnings (loss) per share from continuing and discontinued operations 1.38 1.11
Diluted earnings (loss) per share from continuing and discontinued operations 1.38 1.11
24 Debt equity ratio
25 Debt service coverage ratio
26 Interest service coverage ratio
27 Disclosure of notes on financial results Textual Information(1)



Disclosure of notes on financial results

Textual Information(1) Notes to Statement of Unaudited Standalone Financial Results for the quarter and six months ended 30th September, 2025: 1. The above financial results have been prepared in accordance with Indian Accounting Standards (Ind AS) notified under Section 133 of the Companies Act, 2013, read together with the Companies (Indian Accounting Standards) Rules, 2015 (as amended). 2. The above financial results have been reviewed by the Audit Committee in its meeting held on 13th November, 2025 and then approved by the Board of Directors in its meeting held on 13th November, 2025. The limited review, as required under Regulation 33 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulatiuons, 2015 has been completed by the Statutory Auditors for the quarter and six months ended 30th September, 2025 and they have expressed an unmodified opinion on the aforesaid results. 3. The Company is primarily engaged in the business of manufacturing of automotive components, development and sale of plastic injection molds and development and sale of components for consumer goods. The company operates only in one reportable segment i.e. automotive component as per Ind AS 108 (Operating Segment) and hence no separate disclosure is required for segments. 4. The Board of Directors in their meeting held on 13th November, 2025 declared an interim dividend of Rs. 1 per equity share aggregating to Rs. 141.15 lakhs, with the record date of 19th November, 2025 for the Financial Year 2025-26. 5. Figures of previous year/ periods have been reclassified / re-grouped, wherever necessary.



Remarks

Debt equity ratio
Debt service coverage ratio
Interest service coverage ratio


Statement of Asset and Liabilities

Amount in (Lakhs)

Particulars Year ended (dd-mm-yyyy)
Date of start of reporting period 01-04-2025
Date of end of reporting period 30-09-2025
Whether results are audited or unaudited Unaudited
Nature of report standalone or consolidated Standalone
Assets
1 Non-current assets
Property, plant and equipment 28,082.20
Capital work-in-progress 3,206.14
Investment property 50.64
Goodwill 0.00
Other intangible assets 876.06
Intangible assets under development 367.82
Biological assets other than bearer plants 0.00
Investments accounted for using equity method 0.00
Non-current financial assets
Non-current investments 6,619.51
Trade receivables, non-current 0.00
Loans, non-current 0.00
Other non-current financial assets 310.72
Total non-current financial assets 6,930.23
Deferred tax assets (net) 84.86
Other non-current assets 2,218.50
Total non-current assets 41,816.45
2 Current assets
Inventories 6,354.10
Current financial asset
Current investments 489.03
Trade receivables, current 7,239.96
Cash and cash equivalents 348.63
Bank balance other than cash and cash equivalents 221.33
Loans, current 4,473.26
Other current financial assets 1,491.12
Total current financial assets 14,263.33
Current tax assets (net)
Other current assets 2,340.58
Total current assets 22,958.01
3 Non-current assets classified as held for sale
4 Regulatory deferral account debit balances and related deferred tax Assets
Total assets 64,774.46
Equity and liabilities
1 Equity
Equity attributable to owners of parent
Equity share capital 1,411.51
Other equity 31,170.75
Total equity attributable to owners of parent 32,582.26
Non controlling interest
Total equity 32,582.26
2 Liabilities
Non-current liabilities
Non-current financial liabilities
Borrowings, non-current 4,674.87
Trade payables, non-current
(A) Total outstanding dues of micro enterprises and small enterprises 0.00
(B) Total outstanding dues of creditors other than micro enterprises and small enterprises 0.00
Total Trade payable 0.00
Other non-current financial liabilities 410.70
Total non-current financial liabilities 5,085.57
Provisions, non-current 388.82
Deferred tax liabilities (net) 1,811.43
Deferred government grants, Non-current 0.00
Other non-current liabilities 0.00
Total non-current liabilities 7,285.82
Current liabilities
Current financial liabilities
Borrowings, current 11,782.72
Trade payables, current
(A) Total outstanding dues of micro enterprises and small enterprises 67.18
(B) Total outstanding dues of creditors other than micro enterprises and small enterprises 7,424.77
Total Trade payable 7,491.95
Other current financial liabilities 1,637.33
Total current financial liabilities 20,912.00
Other current liabilities 3,836.78
Provisions, current 157.60
Current tax liabilities (Net) 0.00
Deferred government grants, Current 0.00
Total current liabilities 24,906.38
3 Liabilities directly associated with assets in disposal group classified as held for sale
4 Regulatory deferral account credit balances and related deferred tax liability
Total liabilities 32,192.20
Total equity and liabilites 64,774.46
Disclosure of notes on assets and liabilities



Format for Reporting Segment wise Revenue, Results and Capital Employed along with the company results

Amount in (Lakhs)

Particulars 3 months/ 6 month ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
Date of start of reporting period 01-07-2025 01-04-2025
Date of end of reporting period 30-09-2025 30-09-2025
Whether results are audited or unaudited Unaudited Unaudited
Nature of report standalone or consolidated Standalone Standalone
1 Segment Revenue (Income)
(net sale/income from each segment should be disclosed)
Total Segment Revenue
Less: Inter segment revenue
Revenue from operations
2 Segment Result
Profit (+) / Loss (-) before tax and interest from each segment
Total Profit before tax
i. Finance cost
ii. Other Unallocable Expenditure net off Unallocable income
Profit before tax
3 (Segment Asset - Segment Liabilities)
Segment Asset
Total Segment Asset
Un-allocable Assets null null
Net Segment Asset null null
4 Segment Liabilities
Segment Liabilities
Total Segment Liabilities
Un-allocable Liabilities null null
Net Segment Liabilities null null
Disclosure of notes on segments



Other Comprehensive Income

Amount in (Lakhs)

Particulars 3 months/ 6 months ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
A Date of start of reporting period 01-07-2025 01-04-2025
B Date of end of reporting period 30-09-2025 30-09-2025
C Whether results are audited or unaudited Unaudited Unaudited
D Nature of report standalone or consolidated Standalone Standalone
Other comprehensive income [Abstract]
1 Amount of items that will not be reclassified to profit and loss
1 (a) Gain / (loss) on defined benefit obligation 12236000 11753000
Total Amount of items that will not be reclassified to profit and loss 122.36 117.53
2 Income tax relating to items that will not be reclassified to profit or loss 30.79 29.58
3 Amount of items that will be reclassified to profit and loss
Total Amount of items that will be reclassified to profit and loss
4 Income tax relating to items that will be reclassified to profit or loss
5 Total Other comprehensive income 91.57 87.95



Cash flow statement, indirect

Amount in (Lakhs)

Particulars Year ended (dd-mm-yyyy)
A Date of start of reporting period 01-04-2025
B Date of end of reporting period 30-09-2025
C Whether results are audited or unaudited Unaudited
D Nature of report standalone or consolidated Standalone
Statement of cash flows
Cash flows from used in operating activities
Profit before tax 204.99
Adjustments for reconcile profit (loss)
Adjustments for finance costs 707.80
Adjustments for decrease (increase) in inventories (1,486.90)
Adjustments for decrease (increase) in trade receivables, current (2,225.65)
Adjustments for decrease (increase) in trade receivables, non-current 0.00
Adjustments for decrease (increase) in other current assets 0.00
Adjustments for decrease (increase) in other non-current assets 0.00
Adjustments for other financial assets, non-current 0.00
Adjustments for other financial assets, current 0.00
Adjustments for other bank balances 0.00
Adjustments for increase (decrease) in trade payables, current 3,841.50
Adjustments for increase (decrease) in trade payables, non-current 0.00
Adjustments for increase (decrease) in other current liabilities 0.00
Adjustments for increase (decrease) in other non-current liabilities 0.00
Adjustments for depreciation and amortisation expense 1,604.81
Adjustments for impairment loss reversal of impairment loss recognised in profit or loss 0.00
Adjustments for provisions, current 26.50
Adjustments for provisions, non-current 0.00
Adjustments for other financial liabilities, current 0.00
Adjustments for other financial liabilities, non-current 0.00
Adjustments for unrealised foreign exchange losses gains (7.76)
Adjustments for dividend income 0.00
Adjustments for interest income 0.00
Adjustments for share-based payments 28.49
Adjustments for fair value losses (gains) (20.83)
Adjustments for undistributed profits of associates 0.00
Other adjustments for which cash effects are investing or financing cash flow 0.00
Other adjustments to reconcile profit (loss) 0.00
Other adjustments for non-cash items 0.00
Share of profit and loss from partnership firm or association of persons or limited liability partnerships 0.00
Total adjustments for reconcile profit (loss) 2,467.96
Net cash flows from (used in) operations 2,672.95
Dividends received 0.00
Interest paid 0.00
Interest received (202.93)
Income taxes paid (refund) 66.04
Other inflows (outflows) of cash 0.00
Net cash flows from (used in) operating activities 2,403.98
Cash flows from used in investing activities
Cash flows from losing control of subsidiaries or other businesses 0.00
Cash flows used in obtaining control of subsidiaries or other businesses 0.00
Other cash receipts from sales of equity or debt instruments of other entities 0.00
Other cash payments to acquire equity or debt instruments of other entities 36.30
Other cash receipts from sales of interests in joint ventures 0.00
Other cash payments to acquire interests in joint ventures 0.00
Cash receipts from share of profits of partnership firm or association of persons or limited liability partnerships 0.00
Cash payment for investment in partnership firm or association of persons or limited liability partnerships 0.00
Proceeds from sales of property, plant and equipment 0.00
Purchase of property, plant and equipment 10.75
Proceeds from sales of investment property 0.00
Purchase of investment property 0.00
Proceeds from sales of intangible assets 0.00
Purchase of intangible assets 112.81
Proceeds from sales of intangible assets under development 0.00
Purchase of intangible assets under development 114.26
Proceeds from sales of goodwill 0.00
Purchase of goodwill 0.00
Proceeds from biological assets other than bearer plants 0.00
Purchase of biological assets other than bearer plants 0.00
Proceeds from government grants 0.00
Proceeds from sales of other long-term assets 0.00
Purchase of other long-term assets 1,853.98
Cash advances and loans made to other parties 0.00
Cash receipts from repayment of advances and loans made to other parties 0.00
Cash payments for future contracts, forward contracts, option contracts and swap contracts 0.00
Cash receipts from future contracts, forward contracts, option contracts and swap contracts 0.00
Dividends received 0.00
Interest received 202.93
Income taxes paid (refund) 0.00
Other inflows (outflows) of cash 0.00
Net cash flows from (used in) investing activities (1,925.17)
Cash flows from used in financing activities
Proceeds from changes in ownership interests in subsidiaries 0.00
Payments from changes in ownership interests in subsidiaries 0.00
Proceeds from issuing shares 2.86
Proceeds from issuing other equity instruments 0.00
Payments to acquire or redeem entity's shares 0.00
Payments of other equity instruments 0.00
Proceeds from exercise of stock options 0.00
Proceeds from issuing debentures notes bonds etc 0.00
Proceeds from borrowings 2,924.00
Repayments of borrowings 2,099.78
Payments of lease liabilities 129.25
Dividends paid 211.73
Interest paid 678.96
Income taxes paid (refund) 0.00
Other inflows (outflows) of cash 0.00
Net cash flows from (used in) financing activities (192.86)
Net increase (decrease) in cash and cash equivalents before effect of exchange rate changes 285.95
Effect of exchange rate changes on cash and cash equivalents
Effect of exchange rate changes on cash and cash equivalents 0.00
Net increase (decrease) in cash and cash equivalents 285.95
Cash and cash equivalents cash flow statement at beginning of period 62.67
Cash and cash equivalents cash flow statement at end of period 348.62





Details of Impact of Audit Qualification

Amount in (Lakhs)

Whether results are audited or unaudited Unaudited
Declaration of unmodified opinion or statement on impact of audit qualification Declaration of unmodified opinion
Auditor's opinion
Declaration pursuant to Regulation 33 (3) (d) of SEBI (LODR) Regulation, 2015: The company declares that its Statutory Auditor/s have issued an Audit Report with unmodified opinion for the period on Standalone results Yes
Sr No. Audit firm's name Whether the firm holds a valid peer review certificate issued by Peer Review Board of ICAI Certificate valid upto
1 TR Chadha & Co LLP Yes 30-09-2028


Amount in (Lakhs)

Format for Disclosure of Related Party Transactions (applicable only for half-yearly filings i.e., 2nd and 4th quarter)
Sr No. Additional disclosure of related party transactions - applicable only in case the related party transaction relates to loans, inter-corporate deposits, advances or investments made or given by the listed entity/subsidiary. These details need to be disclosed only once, during the reporting period when such transaction was undertaken.
Details of the party (listed entity/subsidiary) entering into the transaction Details of the counterparty Type of related party transaction Details of other related party transaction Value of the related party transaction as approved by the audit committee Remarks on approval by audit committee Value of the related party transaction ratified by the audit committee Date of Audit Committee Meeting where the ratification was approved Value of transaction during the reporting period In case monies are due to either party as a result of the transaction In case any financial indebtedness is incurred to make or give loans, inter-corporate deposits, advances or investments Details of the loans, inter-corporate deposits, advances or investments Notes
Name PAN Name PAN Relationship of the counterparty with the listed entity or its subsidiary Opening balance Closing balance Nature of indebtedness (loan/ issuance of debt/ any other etc.) Details of other indebtedness Cost Tenure Nature (loan/ advance/ intercorporate deposit/ investment ) Interest Rate (%) Tenure Secured/ unsecured Purpose for which the funds will be utilised by the ultimate recipient of funds (endusage)
1 PPAP Automotive Limited PPAP Tokai India Rubber Private Limited Joint Ventures Any other transaction Rent Received on Property on Lease given 18.00 NA 7.34 0.00 0.00
2 PPAP Automotive Limited PPAP Tokai India Rubber Private Limited Joint Ventures Any other transaction Rendering of Services (Management Support Fee) 200.00 NA 53.71 0.00 0.00
3 PPAP Automotive Limited PPAP Tokai India Rubber Private Limited Joint Ventures Sale of goods or services 1,500.00 NA 147.84 8.20 0.00
4 PPAP Automotive Limited PPAP Tokai India Rubber Private Limited Joint Ventures Purchase of goods or services 1,500.00 NA 339.02 0.00 173.63
5 PPAP Automotive Limited PPAP Tokai India Rubber Private Limited Joint Ventures Any other transaction Other Rembursement 100.00 NA 29.66 0.00 0.00
6 PPAP Automotive Limited AVINYA BATTERIES LIMITED Wholly Owned Subsidiaries Any other transaction Rent Received on Property on Lease given 75.00 NA 28.41 0.00 0.00
7 PPAP Automotive Limited AVINYA BATTERIES LIMITED Wholly Owned Subsidiaries Interest received NA 183.55 0.00 0.00
8 PPAP Automotive Limited AVINYA BATTERIES LIMITED Wholly Owned Subsidiaries Loan NA 675.00 3,697.50 4,372.50
9 PPAP Automotive Limited AVINYA BATTERIES LIMITED Wholly Owned Subsidiaries Any other transaction Other Rembursement 100.00 NA 1.20 0.08 0.14
10 PPAP Automotive Limited ELPIS Automotives Private Limited Wholly Owned Subsidiaries Any other transaction Rent Received on Property on Lease given 24.00 NA 0.00 0.00 0.00
11 PPAP Automotive Limited ELPIS Automotives Private Limited Wholly Owned Subsidiaries Sale of goods or services 2,500.00 NA 634.93 570.61 679.46
12 PPAP Automotive Limited ELPIS Automotives Private Limited Wholly Owned Subsidiaries Purchase of goods or services 2,500.00 NA 8.26 0.00 0.00
13 PPAP Automotive Limited Mr. Ajay Kumar Jain Key management personnel of entity or parent Remuneration NA 60.00 0.00 0.00
14 PPAP Automotive Limited Mr. Abhishek Jain Key management personnel of entity or parent Remuneration NA 63.60 0.00 0.00
15 PPAP Automotive Limited AVINYA SEALING SYSTEMS LIMITED Wholly Owned Subsidiaries Any other transaction Investment NA 5.00 0.00 0.00
16 PPAP Automotive Limited Mrs Sudesh Khanna Key management personnel of entity or parent Any other transaction Consultancy fees NA 9.00 0.00 0.00
17 PPAP Automotive Limited Vinay and Ajay Jain Foundation Other related party Any other transaction CSR expense 60.00 NA 23.97 0.00 0.00
18 PPAP Automotive Limited Avinya Industrial Products Limited Wholly Owned Subsidiaries Sale of goods or services 250.00 NA 1.23 0.00 0.00
19 PPAP Automotive Limited Avinya Industrial Products Limited Wholly Owned Subsidiaries Any other transaction Commission payable NA 3.53 0.00 0.00
20 PPAP Automotive Limited Avinya Industrial Products Limited Wholly Owned Subsidiaries Any other transaction Reimbursement of expenses 100.00 NA 0.03 0.00 0.00
21 PPAP Automotive Limited Avinya Industrial Products Limited Wholly Owned Subsidiaries Any other transaction Investment NA 5.00 0.00 0.00
22 PPAP Automotive Limited MERAKI PRECISION TOOL ENGINEERING LIMITED Wholly Owned Subsidiaries Any other transaction Investment NA 5.00 0.00 0.00
Total value of transaction during the reporting period 2,285.28