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.
Q3 FY26 Earnings Results
Shriram Pistons delivered record Q3 performance with strong revenue growth despite exceptional charges. Broad-based demand and operational efficiency drove results.
- Revenue from Operations: Consolidated ₹1,023 cr (+20.7% YoY vs ₹848 cr), total income ₹1,056 cr (+20.7% YoY); standalone ₹865 cr (+12.4% YoY vs ₹770 cr).
- EBITDA: ₹194 cr (+22.3% YoY vs ₹159 cr ex-exceptional), margin resilient.
- PAT: Consolidated ₹123 cr (+2.7% YoY vs ₹120 cr, −12% QoQ), impacted by ₹25 cr exceptional loss (Labour Codes); EBITDA/PAT ex-exceptional strong.
- Other key metrics: 9M trends positive; Grupo Antolin India acquisition completed (€159 mn for interiors/lighting); order book robust.
Management Commentary & Strategic Decisions
- Record quarterly revenue reflects market share gains across pistons/rings; strategic diversification via Antolin acquisition.
- Strategic moves: ₹5/share interim dividend; name change to SPR Auto Technologies proposed; ₹1,000 cr NCD issuance approved.
Q2 FY26 Earnings Results
- Revenue from Operations: ₹1,017 cr (+16% YoY vs ₹877 cr, +5.5% QoQ); operating profit ₹207 cr (20.4% margin).
- PAT: ₹140 cr (+12% YoY), ROCE 33.5%, ROE 20.5%.
- Key metrics: Net cash position; consistent 20%+ margins.
Management Commentary Q2
Strong execution amid industry headwinds; technical partnerships driving growth.
To view the company’s previous earnings and latest concall transcripts, click here to visit the Alphastreet India news channel.