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Stock Report
PPAP Automotive Ltd Q1FY22 consolidated loss at Rs. 4.45 crore
Posted On : 2021-08-06 15:30:56( TIMEZONE : IST )
PPAP Automotive Limited has reported financial results for the period ended June 30, 2021.
Financial Results (Q1 FY 2021-22) - QoQ Comparison
The company has reported total income of Rs.78.92 crores during the period ended June 30, 2021 as compared to Rs.115.78 crores during the period ended March 31, 2021.
The company has posted net profit / (loss) of Rs.(4.45) crores for the period ended June 30, 2021 as against net profit / (loss) of Rs.7.02 crores for the period ended March 31, 2021.
The company has reported EPS of Rs.(3.18) for the period ended June 30, 2021 as compared to Rs.5.02 for the period ended March 31, 2021.
| Financials | Q1 FY2021-22 | Q4 FY20-21 | % Change |
| Total Income | ₹ 78.92 crs | ₹ 115.78 crs |  -31.84% |
| Net Profit | ₹ (4.45) crs | ₹ 7.02 crs | -163.39% |
| EPS | ₹ (3.18) | ₹ 5.02 | -163.35% |
Financial Results (Q1 FY 2021-22) - YoY Comparison
The company has reported total income of Rs.78.92 crores during the period ended June 30, 2021 as compared to Rs.17.77 crores during the period ended June 30, 2020.
The company has posted net profit / (loss) of Rs.(4.45) crores for the period ended June 30, 2021 as against net profit / (loss) of Rs.(15.75) crores for the period ended June 30, 2020.
The company has reported EPS of Rs.(3.18) for the period ended June 30, 2021 as compared to Rs.(11.26) for the period ended June 30, 2020.
| Financials | Q1 FY2021-22 | Q1 FY2020-21 | % Change |
| Total Income | ₹ 78.92 crs | ₹ 17.77 crs |  344.12% |
| Net Profit | ₹ (4.45) crs | ₹ (15.75) crs |  -71.75% |
| EPS | ₹ (3.18) | ₹ (11.26) | -71.76% |
Commenting on the results and performance for Q1 & FY22, Mr. Ajay Kumar Jain, Chairman & MD of PPAP Automotive Ltd said: "PPAP Automotive has performed reasonably well in Q1FY22 despite challenging environment of Covid-19 coupled with unprecedented higher commodity prices and lower capacity utilisations. The second wave of Covid has been difficult for everyone and we believe health and safety of all our employees is of utmost priority. The Company has provided all the required support to its employees during such tough times amidst the pandemic.
The Indian automobile industry is recovering gradually on a month-on-month basis, and we expect good demand revival in the industry in the coming quarters. The industry is still facing supply constraints due to semi-conductor shortage which is resulting into longer waiting period.
Going forward, our focus will be on improving operating margins through increasing our capacity utilisations, increasing our share of value-added products and improve operational efficiencies."
Shares of PPAP Automotive Limited was last trading in BSE at Rs. 278.45 as compared to the previous close of Rs. 291.9. The total number of shares traded during the day was 30820 in over 2092 trades.
The stock hit an intraday high of Rs. 293.9 and intraday low of 267.05. The net turnover during the day was Rs. 8521882.
