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PPAP Automotive Ltd's for Q2FY17 profit up by 15.82%

By Swati Deshpande,

Added 28 October 2016

The company reported Net Profit of Rs. 5.27cr

Total Income for H1FY17 stood at Rs. 162.96 cr, as compared to Rs. 153.91 cr during H1FY16. PPAP's EBITDA in H1FY17 stood at Rs. 27.77 cr, as compared to Rs. 26.94 cr during H1FY16.

For H1FY17, EPS stood at Rs. 6.31 as against Rs. 5.37 in H1FY16.

The company has added SML Isuzu to its list of customers in the LCV segment and would be manufacturing Instrument Panel for them.

Commenting on the financial performance of the company Mr. Ajay Kumar Jain, the Chairman and Managing Director, PPAP Automotive Limited, said, "Sales momentum seen in Q2FY17 is expected to continue. We have expanded our customer portfolio by adding SML Isuzu, a leading LCV manufacturer, for whom we are developing new parts. Our efforts on improving the quality of operations and building efficiencies in the system shall continue with the same unflinching focus."

END