Shriram Pistons & Rings Limited has informed the Exchange regarding Outcome of Board Meeting held on May 07, 2025.
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Shriram Pistons & Rings announced audited results for Q4 and FY25 with the auditor (Walker Chandiok & Co LLP) giving an unmodified opinion on both standalone and consolidated statements. On a standalone basis, revenue from operations rose to Rs. 3,17,951 lacs (vs Rs. 2,95,372 lacs in FY24, ~7.7% growth), while profit after tax grew to Rs. 49,780 lacs (~11.4% growth) with EPS of Rs. 113.01. On a consolidated basis, revenue climbed to Rs. 3,54,983 lacs (~15% growth) and PAT rose to Rs. 51,556 lacs (~17.5% growth), with EPS of Rs. 115.02. The Board recommended a final dividend of Rs. 5 per share, taking total FY25 dividend to Rs. 10 per share (including Rs. 5 interim already paid). Several board-level changes were approved: Mr. Shinichi Unno resigned as Independent Director, Mr. Akihiro Ozaki was appointed as a new Independent Director, and Mr. Klaus Semke and Ms. Meenakshi Dass were re-appointed via rotation. New Secretarial and Cost Auditors were also appointed. The 61st AGM is scheduled for August 1, 2025, with record date of July 25, 2025 for dividend eligibility.
Solid double-digit earnings growth on a consolidated basis, supported by recent acquisitions (SPR TGPEL, SPR Takahata), and a healthy total dividend of Rs. 10/share signal financial strength and are likely to be viewed positively by shareholders. Director-level churn is routine and unlikely to affect operations.