PPAP Automotive Ltd (PPAP), a leading manufacturer of Automotive Sealing Systems, Interior and Exterior Automotive parts, has declared its financial results for the second quarter and half year ended September 30, 2016. The company reported Net Profit of Rs. 5.27 cr for Q2FY17, up by 15.82%, as compared to Rs. 4.55 crore in the corresponding quarter of last fiscal.

Total Income for the quarter ended September 30, 2016 stood at Rs. 81.97 cr, as compared to Rs. 80.67 cr in the same period last year. PPAP's Earnings before Interest, Tax, Depreciation and Amortization (EBITDA) in Q2FY17 stood at Rs. 15.15 cr, up 3.34%. The company's EBITDA margin stood at a robust 18.48% in Q2FY17.

Earnings per share (EPS) for the quarter ended Q2FY17 stood at Rs. 3.76, as compared with Rs. 3.25 for the quarter ended Q2FY16.

For the half year period ended September 30, 2016, PPAP's net profit jumped by 17.40% to Rs. 8.84 cr, as compared to Rs. 7.53 cr of the year ago period. The company's PAT margin improved from 4.89% in H1FY16 to 5.42% in H1FY17.

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