Board okays Q3 results, Rs 5 dividend, Rs 1000 cr NCD, name change to SPR Auto
SHRIPISTON · price
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On the reaction day the stock moved 3.6 pts more than Nifty Microcap 250 and 3.7 pts more than its Auto Components & Equipments peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Q3 FY26 standalone revenue Rs 865.1 cr, up 12% YoY. PAT Rs 114.9 cr vs Rs 120.3 cr, hit by Rs 23.7 cr Labour Codes exceptional provision. 9M PAT Rs 378.8 cr, up 5%. Consolidated Q3 revenue grew 21% to Rs 1023 cr. Board declared Rs 5 interim dividend, approved Rs 1000 cr NCD private placement, and proposed name change to SPR Auto Technologies. Also plans new MOA and AOA.
Revenue growth and dividend are positives. Name change signals pivot beyond pistons. NCD issue of Rs 1000 cr lifts debt but funds growth.