Q3 2024 PPAP Automotive Ltd Earnings Call Transcript
Key Points
- PPAP Automotive Ltd (BOM:532934) reported a 15% year-on-year increase in EBITDA to INR 10.9 crores.
- The EBITDA margin improved by 116 basis points year-on-year, from 7.5% to 9.1%.
- The company's aftermarket division has established a strong network across India and is now exploring international markets.
- PPAP Automotive Ltd (BOM:532934) has secured contracts with customers planning to launch electric vehicles, including Maruti Suzuki and Tata Motors.
- The company has obtained certification from EcoVadis and is recognized as a Great Place to Work, enhancing its sustainability credentials.
- Revenue dropped from INR 124.8 crores to INR 119.7 crores on a quarter-on-quarter basis.
- The company registered a slight decline in PAT from INR 0.3 crores to INR 0.2 crores year-on-year.
- The consolidated financials showed a net loss of INR 2.7 crores, primarily due to the lithium-ion battery business.
- The tractor segment witnessed a 5% decline in sales volume due to subdued demand from a delayed harvest season.
- Capacity utilization stood at 70% in Q3 due to seasonal factors and annual maintenance at the OEM level.
Ladies and gentlemen, good day, and welcome to PPAP Automotive Limited Q3 and 9 Months FY '24 Earnings Conference Call.
This conference call may contain forward-looking statements about the company, which are based on the beliefs, opinions and expectations of the company as on date of this call. These statements are not the guarantees of future performance and involve risks and uncertainties that are difficult to predict.
(Operator Instructions) Please note that this conference is being recorded.
I now hand the conference over to Mr. Abhishek Jain, MD and CEO, PPAP Automotive. Thank you, and over to you, Mr. Jain.
Thank you, Nirav. Good afternoon, everyone. I would like to extend a very warm welcome to all the participants joining us on this call. Here with me are Mr. Sachin Jain, our CFO; and our Investor Relation advisers from SGA. I trust you had an opportunity to review our results and investor presentation, which are available
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