Standalone Results
For the Quarter ended March 31, 2016 (Q4FY16):
Total Income stood at Rs. 77.07 crore EBITDA of Rs. 12.88 crore Net Profit stood at Rs. 4.24 crore EPS for Q4FY16 stood at Rs. 3.03
For the Year ended March 31, 2016 (FY16):
Total Income stood at Rs. 302.75 crore EBIDTA of Rs. 52.06 crore , y-o-y growth of 29% PAT of Rs. 15.27 crore, y-o-y growth of 26.93% EPS for FY16 stood at Rs. 10.91, as compared to Rs. 8.59 for FY15
Noida, May 19, 2016: PPAP Automotive Limited (PPAP), a leading manufacturer of Automotive Sealing Systems, Interior and Exterior Automotive parts, today declared its financial results for the fourth quarter and full year ended March 31, 2016.
The company reported Net Profit of Rs. 4.24 crore for Q4FY16, as compared to Rs. 4.74 crore in the corresponding quarter of last fiscal.
Total Income for the quarter ended March 31, 2016 stood at Rs. 77.07 crore, as compared to Rs. 97.77 crore in the same period last year. PPAP’s Earnings before Interest, Tax, Depreciation and Amortization (EBITDA) in Q4FY16 stood at Rs. 12.88 crore, up 3.45%. The company’s EBITDA margin improved significantly from 12.73% in Q4FY15 to 16.71% in Q4FY16.
Earnings per share (EPS) for the quarter ended Q4FY16 stood at Rs. 3.03, as compared with Rs. 3.39 for the quarter ended March 31, 2015.
For the full year period ended March 31, 2016, PPAP’s net profit jumped by 26.93% to Rs. 15.27 crore, as compared to Rs. 12.03 crore of the year ago period. The company’s PAT margin improved from 3.78% in FY15 to 5.04% in FY16.
Total Income for FY16 stood at Rs. 302.75 crore, as compared to Rs. 318.50 crore during FY15. PPAP’s EBITDA in FY16 stood at Rs. 52.06 crore, up by 29%, as compared to Rs. 40.36 crore during FY15. The company’s EBITDA margin improved from 12.67% in FY15 to 17.20% in FY16.
For FY16, EPS stood at Rs. 10.91 as against Rs. 8.59 in FY15.
For the full year ended March 31, 2016, the Consolidated Total Income stood at Rs. 318.63 crore. The company registered a Consolidated EBITDA & Net Profit of Rs. 52.97 crore and 14.03 crore respectively.
The Board of Directors has recommended a final dividend of 10% on equity share of Rs. 10 each for FY16.
Commenting on the financial performance of the company Mr. Ajay Kumar Jain, the Chairman and Managing Director, PPAP Automotive Limited, said, “Higher growth in sales could not be achieved due to the timid market conditions. However, due to our continued initiatives on operational efficiency and further strengthening of the internal systems, we have delivered results as is evident from the financial performance. Our continued commitment to efficiency will accelerate the growth of the Company.”
About PPAP Automotive Limited
PPAP Automotive Limited (PPAP) is a leading manufacturer of Automotive Sealing Systems, Interior and Exterior Automotive parts in India. The company's state of the art manufacturing facilities are located in Noida (UP), Greater Noida (UP), Chennai (Tamil Nadu) and Pathredi (Rajasthan). All the plants are TS 16949, ISO 14001 and OHSAS 18001 certified. All the facilities are equipped with the latest technology available today for plastic extrusion as well as injection molding.
The company's core competence is in Polymer Extrusion based Automotive Sealing System and Injection Molded products. The company has capability to extrude up to four materials in the same profile according to customer specifications. It has capability of processing engineering plastics like PVC, PP, ABS and TPO. Today, the company manufactures over 500 different products for its customers and continuously targets to achieve zero ppm in Quality and Delivery performance for all its customers. The company’s customers include prestigious manufacturers like Maruti Suzuki India Limited, Honda Cars India Limited, General Motors India Private Limited, Toyota Kirloskar Motor Private Limited, Renault Nissan Automotive India Private Limited, Tata Motors Limited, Ford India Private Limited and Mahindra and Mahindra Limited along with other OEM’s. The company also caters the requirements of their respective Tier 1 suppliers