PPAP Automotive Q4 PAT rises 49% yoy to Rs8.5cr, revenue at Rs113.5cr

The company’s board has recommended a dividend of Re1 per share of Rs10 each for FY21.

May 11, 2021 10:05 IST India Infoline News Service

PPAP Automotive Limited reported revenue of Rs113.5cr in the financial results for the quarter ended March 31, 2021as against Rs103.6cr in Q4FY20. The operating EBIDTA was at Rs17.1cr as against Rs14.1cr in Q4FY20, a growth of 21.9%. Operating EBIDTA margins at 15.1% as compared to 13.6% in Q4FY20, an increase of 150 bps yoy.

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.

PPAP Automotive Ltd is currently trading at Rs206 down by Rs8.45 or 3.94% from its previous closing of Rs214.45 on the BSE.

At around 10.12 am, PPAP Automotive Limited was trading at Rs205.90 per piece down Rs8.55 or 3.99% on the BSE.

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