PPAP zooms on impressive Q1FY18 results

Leading manufacturer of Automotive Sealing Systems, Interior and Exterior Automotive parts, PPAP Automotive Limited (PPAP), declared its financial results on 11th August for the first quarter ended June 30, 2017.

PPAP witnessed an increase of 67.51% in its net profit from Rs. 3.54 Crore in Q1FY17 to 5.83 Crore in Q1FY18. The company’s Q1FY18 PAT margin stood at a robust 6.36%, as compared to 3.80% in Q1FY17. 
  
Total Income for the quarter ended June 30, 2017 stood at Rs. 93.31 crore, as compared to Rs. 93.23 crore in the same period last year. 
  
PPAP’s Earnings before Interest, Tax, Depreciation and Amortization (EBITDA) in Q1FY18 stood at Rs. 15.70 crore, up 27.85%. The company’s EBITDA margin improved from 13.17% in Q1FY17 to 16.83% in Q1FY18. 
Earnings per share (EPS) for the quarter ended Q1FY18 stood at Rs. 4.23, as compared to Rs. 2.53 for the quarter ended June 30, 2016.

PPAP automotive is currently trading at Rs. 338, up by Rs. 16.65 from August 11. The stock has witnessed an increase of 118.91% in the last one year.