Revenue at Rs. 90.22 Cr, growth of 6.4%
PAT up 22.9% to Rs. 8.18 Cr
Greater Noida: PPAP Automotive Limited, a leading manufacturer of automotive sealing systems, interior and exterior automotive parts in India, has announced its financial results for the quarter and nine months ended December 31, 2017.
Q3FY18 performance overview compared with Q3FY17
9MFY18 performance overview compared with 9MFY17
The company reported Net Profit of Rs. 8.18 crore for Q3FY18, up by 22.9 %, as compared to Rs. 6.66 crore in the corresponding quarter of last fiscal. The PAT margin stood a healthy 9.07 %, as compared to 7.85 % in Q3FY17.
Total Income for the quarter ended December 31, 2017 stood at Rs. 90.22 crore, up by 6.4 %, as compared to Rs. 84.81 crore in the same period last year. PPAP’s Earnings before Interest, Tax, Depreciation and Amortization (EBITDA) in Q3FY18 stood at Rs. 19.26 crore, up 15.3 %. The company’s EBITDA margin stood at a robust 21.3 % in Q3FY18, as compared to 19.7 % in Q3FY17.
Earnings per share (EPS) for the quarter ended Q3FY18 stood at Rs. 5.84, as compared with Rs.4.76 for the quarter ended Q3FY17.
For the nine months period ended December 31, 2017, PPAP’s net profit jumped by 41.8 % to Rs. 23.32 crore, as compared to Rs. 16.45 crore of the year ago period. The company’s PAT margin improved from 6.6 % in 9MFY17 to 8.6 % in 9MFY18.
Total Income for 9MFY18 stood at Rs. 270. crore, up by 8.51 %, as compared to Rs.249 crore during 9MFY17. PPAP’s EBITDA in 9MFY18 stood at Rs. 56.20 crore, up by 21.7 %, as compared to Rs. 46.16 crore during 9MFY17.
For 9MFY18, EPS stood at Rs. 16.66 as against Rs. 11.75 in 9MFY17.
Commenting on the performance, Mr. Ajay Kumar Jain, Chairman and Managing Director at PPAP Automotive Limited, said, “The growth trajectory of the Company has continued in this quarter with good offtake from customers. We continue to derive benefits from our ongoing operating efficiency initiatives and cost optimization across all the functions. The outlook remains optimistic due to positive macro environment.”
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