Outcome of Board Meeting
SHRIPISTON · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
SPR Auto Technologies Limited (formerly Shriram Pistons & Rings Ltd) announced its Q4 and FY2026 results on May 11, 2026. Standalone revenue grew 10.9% to Rs. 35,266 million with PAT at Rs. 5,137 million (up 3.2%). Consolidated revenue surged 25.6% to Rs. 44,587 million driven by acquisitions including SPR Auto Interior Lighting Solutions and SPR Auto Interior Solutions (acquired January 2026). An exceptional item of Rs. 237 million was recorded for labour code provisions. The Board recommended a final dividend of Rs. 5 per share (total Rs. 10 per share including interim dividend already paid). Additionally, approval was granted for raising up to Rs. 10,000 million via QIP for repayment of borrowings, capex and general corporate purposes. Auditors Walker Chandiok & Co LLP issued unmodified opinions on both standalone and consolidated financials.
Strong consolidated revenue growth of 25.6% reflects successful integration of recent acquisitions. The QIP proposal of Rs. 10,000 million may dilute shareholder value but strengthens the balance sheet. Dividend continuity is positive for investors.