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-Apr-2024
Date of end of financial year	31-Mar-2025
Date of board meeting when results were approved	16-May-2025
Date on which prior intimation of the meeting for considering financial results was informed to the exchange	12-May-2025
Description of presentation currency	INR (in Actuals)
Reporting Type	Quarterly
Reporting Quarter	Fourth quarter
Nature of report standalone or consolidated	Consolidated
Whether results are audited or unaudited for the quarter ended	Audited
Whether results are audited or unaudited for the Year to date for current period ended/year ended	Audited
Segment Reporting	Single segment
Description of single segment	Manufacturing of automotive components
Start date and time of board meeting	16-May-2025   15:00:00
End date and time of board meeting	16-May-2025   16:30:00
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

Financial Results Ind-AS
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-Jan-2025	01-Apr-2024
B	Date of end of reporting period	31-Mar-2025	31-Mar-2025
C	Whether results are audited or unaudited	Audited	Audited
D	Nature of report standalone or consolidated	Consolidated	Consolidated
Part I	Blue color marked fields are non-mandatory. For Consolidated Results, if the company has no figures for 3 months / 6 months ended, in such case zero shall be inserted in the said column.
1	Income
	Revenue from operations	1472213000	5540055000
	Other income	2210000	13058000
	Total income	1474423000	5553113000
2	Expenses
(a)	Cost of materials consumed	797570000	3055462000
(b)	Purchases of stock-in-trade	13610000	48293000
(c)	Changes in inventories of finished goods, work-in-progress and stock-in-trade	51037000	67522000
(d)	Employee benefit expense	253259000	1005014000
(e)	Finance costs	43694000	164212000
(f)	Depreciation, depletion and amortisation expense	84987000	344480000
(f)	Other Expenses
1	Other expenses	206788000	792031000
	Total other expenses	206788000	792031000
	Total expenses	1450945000	5477014000
3	Total profit before exceptional items and tax	23478000	76099000
4	Exceptional items	0	0
5	Total profit before tax	23478000	76099000
6	Tax expense
7	Current tax	6385000	32013000
8	Deferred tax	-752000	-13345000
9	Total tax expenses	5633000	18668000
10	Net movement in regulatory deferral account balances related to profit or loss and the related deferred tax movement	0	0
11	Net Profit Loss for the period from continuing operations	17845000	57431000
12	Profit (loss) from discontinued operations before tax	0	0
13	Tax expense of discontinued operations	0	0
14	Net profit (loss) from discontinued operation after tax	0	0
15	Share of profit (loss) of associates and joint ventures accounted for using equity method	6328000	12540000
16	Total profit (loss) for period	24173000	69971000
17	Other comprehensive income net of taxes	1373000	3216000
18	Total Comprehensive Income for the period	25546000	73187000
19	Total profit or loss, attributable to
	Profit or loss, attributable to owners of parent	24173000	69971000
	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	1373000	3216000
	Total comprehensive income for the period attributable to owners of parent non-controlling interests	25546000	73187000
21	Details of equity share capital
	Paid-up equity share capital	140865000	140865000
	Face value of equity share capital	10	10
27	Details of debt securities
22	Reserves excluding revaluation reserve		0
23	Earnings per share
i	Earnings per equity share for continuing operations
	Basic earnings (loss) per share from continuing operations	1.72	4.97
	Diluted earnings (loss) per share from continuing operations	1.71	4.95
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	1.72	4.97
	Diluted earnings (loss) per share from continuing and discontinued operations	1.71	4.95
24	Debt equity ratio
25	Debt service coverage ratio
26	Interest service coverage ratio
27	Disclosure of notes on financial results		Notes to Statement of Consolidated Financial Results for the quarter year ended 31st March 2025 nThe 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.The above financial results have been reviewed by the Audit Committee in its meeting held on 16th May 2025 and then approved by the Board of Directors in its meeting held on 16th May 2025. The financial results for the year ended 31st March, 2025 have been audited and for the quarter ended 31st March 2025 have been reviewed by the Statutory Auditors and they have expressed an unmodified opinion on the aforesaid results.The above consolidated financial results include results of PPAP Tokai India Rubber Private Limited Joint Venture of the Company in which the Company holds 50% stake and two subsidiary companies. Additionally during the quarter ended March 31 2025, the Company incorporated three wholly-owned subsidiaries one in February 2025 and two in March 2025. However there has been no capital infusion by the Company in the aforesaid subsidiaries and no financial transactions have taken place in these newly incorporated entities during the reporting period. Accordingly there is no impact on the Consolidated Financial Statements of the Company for the quarter and year ended March 31 2025. The Company together with its subsidiaries is herein referred to as the Group.During the year the Company has granted an aggregate of 42250 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.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 ie automotive component as per Ind AS 108 Operating Segment and hence no separate disclosure is required for segments.The Board of Directors have considered and recommended a final dividend of Rs 1.50 per equity share of Rs. 10 each at their meeting held on 16th May 2025 subject to the approval of shareholders in the ensuing Annual General Meeting.The figures for the quarter ended 31st March 2025 and 31st March 2024 are the balancing figures between the audited figures in respect of the full financial year and the published unaudited year to date figures up to the third quarter of the respective financial year.The figures of previous periods have been regrouped rearranged wherever required to conform to the current periods presentation.

Remarks
Debt equity ratio
Debt service coverage ratio
Interest service coverage ratio

Statement of Asset and Liabilities
Particulars		Year ended (dd-mm-yyyy)
Date of start of reporting period		01-Apr-2024
Date of end of reporting period		31-Mar-2025
Whether results are audited or unaudited		Audited
Nature of report standalone or consolidated		Consolidated
	Assets
1	Non-current assets
	Property, plant and equipment	2978754000
	Capital work-in-progress	240118000
	Investment property
	Goodwill	0
	Other intangible assets	95327000
	Intangible assets under development	25357000
	Biological assets other than bearer plants
	Investments accounted for using equity method
	Non-current financial assets
	Non-current investments	389582000
	Trade receivables, non-current
	Loans, non-current	0
	Other non-current financial assets	30218000
	Total non-current financial assets	419800000
	Deferred tax assets (net)	523000
	Other non-current assets	156321000
	Total non-current assets	3916200000
2	Current assets
	Inventories	610597000
	Current financial asset
	Current investments	46490000
	Trade receivables, current	725366000
	Cash and cash equivalents	14724000
	Bank balance other than cash and cash equivalents	3096000
	Loans, current	10070000
	Other current financial assets	140424000
	Total current financial assets	940170000
	Current tax assets (net)	1037000
	Other current assets	207775000
	Total current assets	1759579000
3	Non-current assets classified as held for sale
4	Regulatory deferral account debit balances and related deferred tax Assets
	Total assets	5675779000
	Equity and liabilities
1	Equity
	Equity attributable to owners of parent
	Equity share capital	140865000
	Other equity	2738164000
	Total equity attributable to owners of parent	2879029000
	Non controlling interest
	Total equity	2879029000
2	Liabilities
	Non-current liabilities
	Non-current financial liabilities
	Borrowings, non-current	617440000
	Trade payables, non-current
	(A) Total outstanding dues of micro enterprises and small enterprises
	(B) Total outstanding dues of creditors other than micro enterprises and small enterprises
	Total Trade payable
	Other non-current financial liabilities	57151000
	Total non-current financial liabilities	674591000
	Provisions, non-current	51627000
	Deferred tax liabilities (net)	86028000
	Deferred government grants, Non-current
	Other non-current liabilities
	Total non-current liabilities	812246000
	Current liabilities
	Current financial liabilities
	Borrowings, current	1044020000
	Trade payables, current
	(A) Total outstanding dues of micro enterprises and small enterprises	168484000
	(B) Total outstanding dues of creditors other than micro enterprises and small enterprises	502407000
	Total Trade payable	670891000
	Other current financial liabilities	124321000
	Total current financial liabilities	1839232000
	Other current liabilities	132408000
	Provisions, current	12864000
	Current tax liabilities (Net)
	Deferred government grants, Current
	Total current liabilities	1984504000
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	2796750000
	Total equity and liabilites	5675779000
	Disclosure of notes on assets and liabilities

Format for Reporting Segmenet wise Revenue, Results and Capital Employed along with the company results
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-Jan-2025	01-Apr-2024
Date of end of reporting period		31-Mar-2025	31-Mar-2025
Whether accounts are audited or unaudited		Audited	Audited
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
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-Jan-2025	01-Apr-2024
B	Date of end of reporting period	31-Mar-2025	31-Mar-2025
C	Whether results are audited or unaudited	Audited	Audited
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	1797000	4096000
2	(b) Share of OCI of joint venture	28000	151000
	Total Amount of items that will not be reclassified to profit and loss	1825000	4247000
2	Income tax relating to items that will not be reclassified to profit or loss	452000	1031000
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	1373000	3216000

Cash flow statement, indirect
Particulars				Year ended (dd-mm-yyyy)
A	Date of start of reporting period			2024-04-01
B	Date of end of reporting period			2025-03-31
C	Whether results are audited or unaudited			Audited
D	Nature of report standalone or consolidated			Consolidated
Part I	Blue color marked fields are non-mandatory.
	Statement of cash flows
	Cash flows from used in operating activities
	Profit before tax			76099000
	Adjustments for reconcile profit (loss)
	Adjustments for finance costs			183324000
	Adjustments for decrease (increase) in inventories			82863000
	Adjustments for decrease (increase) in trade receivables, current			-65317000
	Adjustments for decrease (increase) in trade receivables, non-current			0
	Adjustments for decrease (increase) in other current assets			0
	Adjustments for decrease (increase) in other non-current assets			0
	Adjustments for other financial assets, non-current			0
	Adjustments for other financial assets, current			0
	Adjustments for other bank balances			0
	Adjustments for increase (decrease) in trade payables, current			-54799000
	Adjustments for increase (decrease) in trade payables, non-current			0
	Adjustments for increase (decrease) in other current liabilities			0
	Adjustments for increase (decrease) in other non-current liabilities			0
	Adjustments for depreciation and amortisation expense			344480000
	Adjustments for impairment loss reversal of impairment loss recognised in profit or loss			0
	Adjustments for provisions, current			567000
	Adjustments for provisions, non-current			0
	Adjustments for other financial liabilities, current			0
	Adjustments for other financial liabilities, non-current			0
	Adjustments for unrealised foreign exchange losses gains			-656000
	Adjustments for dividend income			0
	Adjustments for interest income			32090000
	Adjustments for share-based payments			7434000
	Adjustments for fair value losses (gains)			-1825000
	Adjustments for undistributed profits of associates			0
	Other adjustments for which cash effects are investing or financing cash flow			-1400000
	Other adjustments to reconcile profit (loss)			0
	Other adjustments for non-cash items			16000
	Share of profit and loss from partnership firm or association of persons or limited liability partnerships			0
	Total adjustments for reconcile profit (loss)			462597000
	Net cash flows from (used in) operations			538696000
	Dividends received			0
	Interest paid			0
	Interest received			0
	Income taxes paid (refund)			16831000
	Other inflows (outflows) of cash			0
	Net cash flows from (used in) operating activities			521865000
	Cash flows from used in investing activities
	Cash flows from losing control of subsidiaries or other businesses			0
	Cash flows used in obtaining control of subsidiaries or other businesses			0
	Other cash receipts from sales of equity or debt instruments of other entities			44999000
	Other cash payments to acquire equity or debt instruments of other entities			35303000
	Other cash receipts from sales of interests in joint ventures			0
	Other cash payments to acquire interests in joint ventures			0
	Cash receipts from share of profits of partnership firm or association of persons or limited liability partnerships			0
	Cash payment for investment in partnership firm or association of persons or limited liability partnerships			0
	Proceeds from sales of property, plant and equipment			6934000
	Purchase of property, plant and equipment			93447000
	Proceeds from sales of investment property			0
	Purchase of investment property			0
	Proceeds from sales of intangible assets			0
	Purchase of intangible assets			22724000
	Proceeds from sales of intangible assets under development			0
	Purchase of intangible assets under development			9128000
	Proceeds from sales of goodwill			0
	Purchase of goodwill			0
	Proceeds from biological assets other than bearer plants			0
	Purchase of biological assets other than bearer plants			0
	Proceeds from government grants			0
	Proceeds from sales of other long-term assets			0
	Purchase of other long-term assets			275273000
	Cash advances and loans made to other parties			0
	Cash receipts from repayment of advances and loans made to other parties			0
	Cash payments for future contracts, forward contracts, option contracts and swap contracts			0
	Cash receipts from future contracts, forward contracts, option contracts and swap contracts			0
	Dividends received			0
	Interest received			32090000
	Income taxes paid (refund)			0
	Other inflows (outflows) of cash			-2135000
	Net cash flows from (used in) investing activities	-353987000
	Cash flows from used in financing activities
	Proceeds from changes in ownership interests in subsidiaries			0
	Payments from changes in ownership interests in subsidiaries			0
	Proceeds from issuing shares			865000
	Proceeds from issuing other equity instruments			0
	Payments to acquire or redeem entity's shares			0
	Payments of other equity instruments			0
	Proceeds from exercise of stock options			0
	Proceeds from issuing debentures notes bonds etc			0
	Proceeds from borrowings			437178000
	Repayments of borrowings			372192000
	Payments of lease liabilities			26291000
	Dividends paid			31695000
	Interest paid			180455000
	Income taxes paid (refund)			0
	Other inflows (outflows) of cash			160000
	Net cash flows from (used in) financing activities			-172430000
	Net increase (decrease) in cash and cash equivalents before effect of exchange rate changes			-4552000
	Effect of exchange rate changes on cash and cash equivalents
	Effect of exchange rate changes on cash and cash equivalents			0
	Net increase (decrease) in cash and cash equivalents			-4552000
	Cash and cash equivalents cash flow statement at beginning of period			19277000
	Cash and cash equivalents cash flow statement at end of period			14725000