PPAP Automotive Reports Q2 FY27 Results and Interim Dividend

Consolidated Revenue rose to Rs 177.83 crore, while Net Profit reached Rs 2.47 crore.

Reader Takeaway: Strong revenue and profit growth provide a positive outlook, balanced by upcoming share dilution from employee stock options.

What just happened

PPAP Automotive Limited has declared an interim dividend of Rs 1.50 per equity share of Rs 10 face value for FY27. The company set November 13, 2026, as the record date to determine shareholder eligibility. Simultaneously, the nomination and remuneration committee approved the grant of 74,753 employee stock options, which will vest over 18 months.

Why this matters

The financial results show a strong turnaround for the company. On a consolidated basis, revenue grew to Rs 177.83 crore from Rs 136.96 crore in Q2 FY26. The company shifted from a net loss of Rs 0.05 crore in the year-ago quarter to a net profit of Rs 2.47 crore for the quarter ended September 30, 2026. Standalone operations also mirrored this trend, with profit rising to Rs 3.49 crore from Rs 1.95 crore year-on-year.

Auditor and Governance Update

The statutory auditors have concluded a limited review of both the standalone and consolidated financial results for the period ending September 30, 2026. They have provided an unmodified opinion, indicating the financial statements present a true and fair view of the company’s performance.

What to track next

Investors should monitor the impact of the employee stock option grants on equity dilution. Additionally, the company’s ability to sustain this margin improvement in the upcoming quarters will be crucial for long-term value creation.