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Earnings Call

Shriram Pistons & Rings Earnings Call: Key Takeaways

SPR Auto Technologies (formerly Shriram Pistons) reported FY26 consolidated revenue of ₹45,713M (+25% YoY) with PAT at ₹5,614M (+9% YoY). Strategy focuses on diversification into EV components and interior solutions.

Why this was an Alfa AlertNot a filter event. Performance is strong but no explicit beat against prior management-guided ranges was stated.
Highlights
Revenue growth25% YoY Consolidated; 10% Standalone.
MarginsConsolidated EBITDA margin at 21.6% vs 22.8% YoY.
Demand visibilityStrong increase in ICE PV and 2W sales post-GST 2.0.
Management confidenceHigh; expanding through strategic acquisitions and new tech centers.

Growth

Consolidated Revenue grew 25% YoY; EBITDA grew 18% YoY. Standalone revenue up 10%, driven by ICE demand.

Outlook

Completed acquisitions of interior lighting and solutions firms; expanded manufacturing into Pithampur and acquired Karna Intertech.

Risks

Impact from New Labour Code (₹271M expense); potential EV penetration delays in certain segments; competitive intensity.

Source

Earnings Call filed with BSE, BSE: 544344. Summary written with AI assistance from the document.

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Shriram Pistons & Rings Ltd: key numbers

Share price
₹4,746.80
Market cap
₹22,019 Cr
Revenue (annual)
₹4,459 Cr
Net profit (annual)
₹552.5 Cr
P/E (TTM)
39.1×Sector 33.6×
Promoter holding
41.55%-2.20% QoQ
FII holding
8.39%Current quarter

Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.

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