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 13-02-2026
Date on which prior intimation of the meeting for considering financial results was informed to the exchange 09-02-2026
Description of presentation currency INR
Level of rounding used in financial results Lakhs
Reporting Type Quarterly
Reporting Quarter Third quarter
Nature of report standalone or consolidated Consolidated
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 13-02-2026   13:40:00
End date and time of board meeting 13-02-2026   16:00:00
Whether cash flow statement is applicable on company
Type of cash flow statement
Declaration of unmodified opinion or statement on impact of audit qualification Declaration of unmodified opinion



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 01-10-2025 01-04-2025
B Date of end of reporting period 31-12-2025 31-12-2025
C Whether results are audited or unaudited Unaudited Unaudited
D Nature of report standalone or consolidated Consolidated Consolidated
1 Income
Revenue from operations 13,888.33 39,247.00
Other income 42.86 105.30
Total income 13,931.19 39,352.30
2 Expenses
(a) Cost of materials consumed 8,172.89 22,392.08
(b) Purchases of stock-in-trade 200.63 581.23
(c) Changes in inventories of finished goods, work-in-progress and stock-in-trade (605.61) (1,363.82)
(d) Employee benefit expense 2,785.74 8,046.10
(e) Finance costs 438.85 1,288.35
(f) Depreciation, depletion and amortisation expense 873.14 2,604.94
(f) Other Expenses
1 Other Expenses 2,081.09 6,135.38
Total other expenses 2,081.09 6,135.38
Total expenses 13,946.73 39,684.26
3 Total profit before exceptional items and tax (15.54) (331.96)
4 Exceptional items 0.00 0.00
5 Total profit before tax (15.54) (331.96)
6 Tax expense
7 Current tax 53.15 53.15
8 Deferred tax (56.82) (126.93)
9 Total tax expenses (3.67) (73.78)
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 (11.87) (258.18)
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 18.48 33.10
16 Total profit (loss) for period 6.61 (225.08)
17 Other comprehensive income net of taxes (64.80) 29.86
18 Total Comprehensive Income for the period (58.19) (195.22)
19 Total profit or loss, attributable to
Profit or loss, attributable to owners of parent 6.61 (225.08)
Total profit or loss, attributable to non-controlling interests 0.00 0.00
20 Total Comprehensive income for the period attributable to
Comprehensive income for the period attributable to owners of parent (64.80) 29.86
Total comprehensive income for the period attributable to owners of parent non-controlling interests 0.00 0.00
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 0.05 -1.59
Diluted earnings (loss) per share from continuing operations 0.05 -1.59
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 0.05 -1.59
Diluted earnings (loss) per share from continuing and discontinued operations 0.05 -1.59
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 Consolidated Financial Results for the quarter and nine months ended 31st December, 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 February, 2026 and then approved by the Board of Directors in its meeting held on 13th February, 2026. 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 nine months ended 31st December, 2025 and they have expressed an unmodified opinion on the aforesaid results. 3. The above consolidated financial results includes results of PPAP Tokai India Rubber Private Limited, Joint Venture of the Company in which the Company holds 50% stake and five subsidiary companies. The Company together with its subsidiaries is herein referred to as the Group. 4. During the quarter, the Company has granted an aggregate of 45,425 stock options under Employee Stock Option Plan 2022 to the employees and the same has been considered while calculating the diluted EPS. These options shall vest at the end of 18 months from the date of grant. The compensation cost with respect to such options has been booked over the vesting period. 5.The Group is primarily engaged in the business of manufacturing of automotive components, development and sale of plastic injection molds, development and sale of components for consumer goods, trading of automotive accessories, development and sale of Battery packs for Electric vehicles and storage application. 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. 6. Current Tax consists of tax amounting to Rs. 43.08 lakh related to earlier year for FY 2024-25. 7. The Central Government has notified four new Labour Codes, effective from 21st November, 2025 and pending issuance of the detailed Rules. The Group has conducted an initial evaluation and, at this stage, does not anticipate any material impact. However, a detailed assessment is currently underway to determine its implications, including any potential effect on the financial statements. Since this exercise is still in progress, any impact, if identified, will be accounted for after the implementation process is completed in the subsequent quarter. 8. Pursuant to a Settlement Agreement effective from 1st January 2026, executed with Tokai Kogyo Co. Ltd. (“Tokai”) and PPAP Tokai India Rubber Private Limited (“PTI”), the Company has agreed to divest its entire 50% equity stake in PTI to Tokai for a cash consideration of Rs.10,000 lakhs. As the transaction remained subject to completion of certain sale formalities and legal transfer of ownership as at the reporting date, no accounting impact has been recognized in the financial statements for the current reporting period. Accordingly, the investment in PTI continues to be accounted for under the equity method. 9. The Company has transferred its entire 50% stake in PTI to Tokai on 13th Febraury 2026. and accordingly, PTI has ceased to be a joint venture of the Company post completion of the transaction.



Remarks

Debt equity ratio
Debt service coverage ratio
Interest service coverage ratio


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 01-10-2025 01-04-2025
Date of end of reporting period 31-12-2025 31-12-2025
Whether results are audited or unaudited Unaudited Unaudited
Nature of report standalone or consolidated Consolidated Consolidated
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 01-10-2025 01-04-2025
B Date of end of reporting period 31-12-2025 31-12-2025
C Whether results are audited or unaudited Unaudited Unaudited
D Nature of report standalone or consolidated Consolidated Consolidated
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 (94.24) 16.98
2 (b) Share of OCI of joint venture 5.72 17.15
Total Amount of items that will not be reclassified to profit and loss (88.52) 34.13
2 Income tax relating to items that will not be reclassified to profit or loss (23.72) 4.27
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 0.00 0.00
5 Total Other comprehensive income (64.80) 29.86





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