Noida : PPAP Automotive Limited (PPAP), a leading manufacturer of Automotive Sealing Systems, Interior and Exterior Automotive parts, today declared its financial results for the fourth quarter and full year ended March 31, 2015.

The company reported a healthy increase of 251.11% in its Net Profit to Rs. 4.74 crore for Q4FY15, as compared to Rs. 1.35 crore in the corresponding quarter of last fiscal.

Total Income for the quarter ended March 31, 2015 stood at Rs. 97.77 crore, up by 51.42%, as compared to Rs. 64.57 crore in the same period last year. The jump in revenue is mainly on account of increase in production of cars by our customers mainly Maruti Suzuki India Limited and Honda Cars India Limited and new parts added in the product portfolio.

PPAP’s Earnings before Interest, Tax, Depreciation and Amortization (EBITDA) in Q4FY15 stood at Rs. 13.51 crore, up 43.88%.

For the full year period ended March 31, 2015, PPAP’s net profit jumped by 120.33% to Rs. 12.03 crore, as compared to Rs. 5.46 crore of the year ago period.

Total income for FY15 stood at Rs. 318.50 crore, recording a rise of 29.07% as compared to Rs. 246.76 crore during FY14.  PPAP’s EBITDA in FY15 stood at Rs. 44.50 crore, up 22.69%.

Commenting on the financial performance of the company Mr. Ajay Jain, the Chairman and Managing Director, PPAP Automotive Limited, said, “PPAP started on the path of bringing in productivity efficiencies and cost reduction last year. These steps have started bearing results despite challenging environment.”

Earnings per share (EPS) for the quarter ended Q4FY15 stood at Rs. 3.39, as compared with Rs. 0.96 for the quarter ended March 31, 2014. For FY15, EPS stood at Rs. 8.59 as against Rs. 3.90 in FY14.

The Board of Directors has recommended a dividend of 10% per equity share of Rs. 10 each for FY15.

Source : Lokesh Shastri