Shriram Pistons & Rings Share Price

Conference Call with Shriram Pistons & Rings Management and Analysts on Q4FY26 & Full Year Performance and Outlook. Listen to the full earnings transcript.

• Trendlyne
• 1 week 3 days ago

Auto Parts & Equipment company Shriram Pistons & Rings announced Q4FY26 & FY26 results Consolidated Financial Highlights: The company reported a Revenue from operations of Rs 14,558 million for Q4FY26, representing a growth of 47.29% YoY from Rs 9,884 million in Q4FY25 and a growth of 42.28% QoQ from Rs 10,232 million in Q3FY26. Total Income for Q4FY26 stood at Rs 14,807 million, up by 45.77% YoY compared to Rs 10,158 million in Q4FY25 and increasing by 40.18% QoQ from Rs 10,563 million in Q3FY26. Profit before tax for the quarter was Rs 2,063 million, marking a YoY increase of 2.59% from Rs 2,011 million and a QoQ growth of 21.93% from Rs 1,692 million. Profit for the period (PAT) for Q4FY26 was Rs 1,591 million, a growth of 5.02% YoY from Rs 1,515 million and a 26.57% increase QoQ from Rs 1,257 million. For the full financial year FY26, Revenue from operations was Rs 44,587 million, an increase of 25.60% YoY from Rs 35,498 million in FY25. Total Income for FY26 reached Rs 45,713 million, representing a 24.86% YoY growth compared to Rs 36,612 million in FY25. Annual Profit before tax stood at Rs 7,505 million in FY26, up by 10.11% YoY from Rs 6,816 million. Annual Profit for the period (PAT) was Rs 5,614 million for FY26, reflecting a YoY growth of 8.90% from Rs 5,155 million in FY25. Standalone Financial Highlights: Revenue from operations for Q4FY26 was Rs 9,528 million, up 11.46% YoY from Rs 8,548 million and up 10.14% QoQ from Rs 8,651 million. Total Income for the quarter stood at Rs 9,700 million, an increase of 10.39% YoY from Rs 8,787 million and 8.26% QoQ from Rs 8,960 million. Profit before tax for Q4FY26 was Rs 1,737 million, which is a decrease of 6.51% YoY from Rs 1,858 million, but an increase of 12.79% QoQ from Rs 1,540 million. Profit for the period (PAT) for Q4FY26 was Rs 1,351 million, representing a 2.45% YoY decline from Rs 1,385 million, and a 17.58% QoQ increase from Rs 1,149 million. For the full year FY26, Standalone Revenue from operations was Rs 35,266 million, reflecting a 10.92% YoY growth from Rs 31,795 million in FY25. Standalone Total Income for FY26 reached Rs 36,261 million, an increase of 10.46% YoY from Rs 32,827 million in FY25. Standalone Profit for the year (PAT) was Rs 5,137 million for FY26, growing 3.19% YoY from Rs 4,978 million in FY25. Business Highlights: Name Change: Effective April 2, 2026, the company received a certificate from the Ministry of Corporate Affairs for a name change from Shriram Pistons & Rings Limited to SPR Auto Technologies Limited. Dividend: The Board recommended a Final Dividend of Rs 5/- per equity share (50%) having a face value of Rs 10/- each for FY26. This is in addition to the interim dividend of Rs 5/- per equity share declared in February 2026, totaling a dividend of Rs 10/- per share for the year. Acquisitions: The company completed the acquisition of 100% equity shares of SPR Auto Interior Lighting Solutions Private Limited (formerly Antolin Lighting India Private Limited) and SPR Auto Interior Solutions Private Limited (formerly Grupo Antolin India Private Limited) on January 8, 2026. The total purchase consideration based on fair value was Rs 17,083 million. Fundraising: The Board has approved a proposal to raise funds up to Rs 10,000 million through the issuance of securities, including a Qualified Institutions Placement (QIP). Segment Performance: The company operates primarily in a single reportable segment, which is the "automotive component segment." Exceptional Item: The company recognized an exceptional item consisting of an additional provision of Rs 237 million (standalone) and Rs 271 million (consolidated) for the year ended March 31, 2026, related to the notification of the four Labour Codes by the Government of India. Commercial Papers: During the year, the company issued Commercial Papers ("CPs") aggregating Rs 10,000.00 million, which were fully redeemed on their maturity date, February 24, 2026. Non-Convertible Debentures (NCD): The company issued 100,000 nos. listed, secured, rated, redeemable, non-cumulative NCDs of face value Rs 100,000 each. Krishnakumar Srinivasan, Managing Director & CEO, said: “FY26 was a landmark year for the Company, marked by several key milestones achieved during the year. The Company delivered its highest-ever performance across all key metrics, forayed into the automotive interior & lighting segment by successfully completing the acquisition of three Indian entities of the Antolin Group and Karna Intertech, and transitioned its identity to SPR Auto Technologies Limited. During the fiscal year, the Company reported record Consolidated Total Income and EBITDA, which grew by 25% YoY and 18% YoY, respectively, driven by a strong recovery in automotive demand, especially in the second half of the year. In FY26, the auto industry also recorded its highest-ever sales across all segments, with PV sales growing by 8% YoY, 2W sales by 11% YoY, and 3W & CVs by 13% YoY each, resulting in a weighted average combined growth of 10% in the auto industry. This increase in demand was driven by the introduction of GST 2.0, change in income tax reforms and reduced financing costs. Q4FY26 was a historic quarter for the Company as it delivered 46% YoY growth in Consolidated Total Income and 23% YoY growth in Consolidated EBITDA. This momentum was also reflected in the industry, which recorded its highest-ever quarterly sales volumes with a 13% growth in PV, 26% growth in 2W, 27% in 3W and 19% in CV. We successfully concluded the acquisition of three Indian entities of Antolin Group on 08 th January 2026. The acquired businesses have delivered a strong performance during the quarter, validating the strategic rationale behind this acquisition. We are currently progressing with the integration of processes and operating practices of the SPR parent company, and upon completion, we expect to unlock further traction, synergies and operating efficiencies across the business. Apart from the investment done for the diversification into Automotive Interiors & Lighting solutions, the Company has invested close to Rs 2,000 million for capacity expansion across various businesses. In parallel, our other ICE agnostic businesses – including high precision injection molded components business and EV motors & controllers’ business – have continued to perform robustly throughout the year. Their strong execution and growth momentum have meaningfully contributed to the growth of the overall franchise. Post the consolidation of all the recent acquisitions, the Company has further diversified its revenue mix, with powertrain agnostic businesses contributing around 35% of the consolidated Total Income in the quarter, underscoring its growing diversification and future-ready portfolio. With presence across various product lines, the Company has now reached a level of almost 60% of the business which is not going to be impacted by the EV penetration. Thus, the transition to SPR Auto Technologies Limited marks an important milestone in our journey. The new identity reflects our broader strategic vision and our continued focus on building a future-ready automotive technology platform. As the mobility ecosystem evolves, we remain focused on strengthening our core businesses while selectively expanding into adjacent and technology-led opportunities that support sustainable long-term growth. Looking ahead, the Company will continue to pursue disciplined execution, strategic investments, and a sharper operating focus as it builds a stronger and more future-ready automotive solutions business. With its refreshed identity and strategic direction, SPR Auto Technologies Limited is well-positioned to participate in the next phase of growth in the automotive ecosystem.” Result PDF

• Trendlyne
• 1 week 3 days ago

Auto Parts & Equipment company Shriram Pistons & Rings announced Q3FY26 results Revenue: Rs 10,232 million against Rs 8,479 million during Q3FY25, change 21%. PBT: Rs 1,692 million against Rs 1,590 million during Q3FY25, change 6%. PAT: Rs 1,257 million against Rs 1,209 million during Q3FY25, change 4%. EPS: Rs 27.93 for Q3FY26. Result PDF

• Trendlyne
• 3 months 2 weeks ago