The company’s Profit After Tax (PAT) stood at Rs8.5cr as compared to Rs.5.7cr in Q4FY20, a growth of 49.2% yoy. PAT margins at 7.5% as compared to 5.5% in Q4FY20, a rise of 200 bps yoy.
For the quarter, the Parts contributed 93.7% of the total revenues while Tools & Others contributed 6.3% of the revenues
For FY21, the company’s revenue lowered to Rs321.2cr from Rs360cr in FY20, due to Covid-19 impact. In FY21, the Parts contributed 93.3% of the total revenues while Tools & Others contributed 6.7% of the revenues. FY21 PAT was at Rs4.9cr as against Rs19.3cr in FY20.
The company’s board has recommended a dividend of Re1 per share of Rs10 each for FY21.
“PPAP Automotive has delivered a steady performance amidst all the challenges due to Covid-19 pandemic. We are delighted to witness the rise in the revenue by 9.6% Yyoy in Q4FY21 whereas EBITDA grew by 21.9% and PAT at 49.2% over last year. EBITDA margins stood at 15.1% in Q4FY21 indicating a rise of 150 bps over last year.
The Indian automobile industry witnessed a robust growth in Q4FY21 with the rise in the passenger vehicle sales by 42% on a yoy basis. Utility vehicles also grew by 12% over last year. Going forward, we will endorse a three pronged strategy to deliver sustainable growth. The strategy will focus on expanding our customer base, increasing our market share and adding new products,” Ajay Kumar Jain, Chairman & MD of PPAP Automotive Ltd, said.
At around 10.12 am, PPAP Automotive Limited was trading at Rs205.90 per piece down Rs8.55 or 3.99% on the BSE.