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Shriram Pistons & Rings Ltd Q2FY24; 55% rise in Profits

Shriram Pistons & Rings Ltd is primarily engaged in the manufacturing of pistons, piston pins, piston rings and engine valves for various automotive companies in the domestic and export markets.

Financial Results:

Shriram Pistons & Rings Ltd reported Revenues for Q2FY24 of ₹752.00 Crores up from ₹652.00 Crore year on year, a rise of 15.34%.

Total Expenses for Q2FY24 of ₹623.00 Crores up from ₹566.00 Crores year on year, a rise of 10.07%.

Consolidated Net Profit of ₹113.00 Crores up 54.79% from ₹73.00 Crores in the same quarter of the previous year.

The Earnings per Share is ₹25.80, up 55.52% from ₹16.59 in the same quarter of the previous year.

*It is important to note that the way the results have been accounted for are slightly different than the ones the companies may choose to publish.

*The presented data is automatically generated. It may occasionally generate incorrect information.

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