PPAP Automotive Ltd. has launched its unaudited monetary outcomes for the quarter and half yr ended 30 September 2021.Web revenue for the quarter ended September 2020 fell 54.99% to Rs. 1.67 crore as in opposition to Rs. 3.71 crore within the earlier quarter ended September 2020.

Gross sales, nonetheless, elevated by 27.52% to Rs 105.94 crore within the quarter ended September 2021 from Rs 83.08 crore within the earlier quarter ended September 2020.

On the Sensex, the inventory ends at a low of Rs 244.50 on the BSE.

Commenting on the outcomes and efficiency for Q2 and H1FY22, Mr. Ajay Kumar Jain, Chairman and MD of PPAP Automotive Ltd. mentioned:

“Demand for autos has elevated. Nevertheless, the shortage of semiconductors continues to hamper automobile manufacturing. Rising commodity costs and a disrupted international provide chain are main challenges for the trade as an entire. Capability utilization has elevated from 54% in Q2FY21 to 67% in Q2FY22. ”

“The company continues to strive to increase its customer base as well as content per vehicle. New businesses and new subsidiaries have begun to show a positive trend and will continue to be a growth driver for the group. Going forward, we will continue to improve our performance as industry disruptions subside, ”added Ajay Kumar Jain.

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