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Shriram Pistons & Rings Ltd Q1FY24; 84% 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 Q1FY24 of ₹716.00 Crores up from ₹620.00 Crore year on year, a rise of 15.48%.

Total Expenses for Q1FY24 of ₹599.00 Crores up from ₹553.00 Crores year on year, a rise of 8.32%.

Consolidated Net Profit of ₹101.00 Crores up 83.64% from ₹55.00 Crores in the same quarter of the previous year.

The Earnings per Share is ₹23.17, up 86.55% from ₹12.42 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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