PPAP Automotive Limited Reports Earnings Results for the Fourth Quarter and Full Year Ended March 31, 2022
May 13, 2022 at 06:28 am EDT
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PPAP Automotive Limited reported earnings results for the fourth quarter and full year ended March 31, 2022. For the fourth quarter, the company reported sales was INR 1,226.19 million compared to INR 1,141.16 million a year ago. Revenue was INR 1,229.15 million compared to INR 1,157.86 million a year ago. Net income was INR 8.56 million compared to INR 70.3 million a year ago. Basic earnings per share from continuing operations was INR 0.61 compared to INR 5.02 a year ago. Diluted earnings per share from continuing operations was INR 0.61 compared to INR 5.02 a year ago.
For the full year, sales was INR 4,219.17 million compared to INR 3,221.98 million a year ago. Revenue was INR 4,229.15 million compared to INR 3,242.93 million a year ago. Net loss was INR 7.88 million compared to net income of INR 20.98 million a year ago. Basic loss per share from continuing operations was INR 0.56 compared to basic earnings per share from continuing operations of INR 1.5 a year ago. Diluted loss per share from continuing operations was INR 0.56 compared to diluted earnings per share from continuing operations of INR 1.5 a year ago.
PPAP Automotive Limited is an India-based manufacturer of automotive sealing systems, interior and exterior automotive parts. In addition, the Company's business also offers rubber automotive sealing system, commercial tool room, and pail containers, among others. The Company operates through a single segment, namely automotive component. The tooling facility manufactures tools for customers in automotive, as well as white goods and electronic goods. The Company has ventured into the development of pail containers. The facility is located at Surajpur Industrial Area, Uttar Pradesh. The Company has also ventured into the electric vehicle market through its subsidiary PPAP Technology Limited. The facility is located in Noida, Uttar Pradesh. The Company serves original equipment manufacturers (OEMs). The Company's manufacturing facilities are located in Noida, Uttar Pradesh; Greater Noida, Uttar Pradesh; Chennai, Tamil Nadu; Pathredi, Rajasthan and Ahmedabad, Gujarat.