Shriram Pistons & Rings Limited has informed the Exchange about Press Release
SHRIPISTON · price
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Shriram Pistons & Rings Limited (SPRL) reported strong Q2 and H1 FY26 results despite challenging market conditions. Consolidated Total Income grew 15.0% year-on-year to Rs. 1,042.7 crore in Q2FY26 and 14.9% to Rs. 2,034.4 crore in H1FY26. Consolidated EBITDA rose 12.1% YoY to Rs. 233.5 crore in Q2 with margin at 22.4%, while consolidated Profit After Tax grew 12.9% YoY to Rs. 142.1 crore. On a standalone basis, Q2 revenue grew 9.1% to Rs. 897.9 crore and PAT grew 7.4% to Rs. 133.9 crore. Management credited festive demand, GST 2.0 rate cuts effective late September 2025, and growth in EV and high-precision injection moulded components for the outperformance. The company exports to over 45 countries and expects tariff uncertainties to ease soon.
Positive — double-digit growth in both revenue and profit, supported by festive demand and early GST 2.0 benefits, signals operational resilience. However, a slight dip in EBITDA margin (22.4% vs 23.0%) may temper margin expansion expectations. Investors may view this as a steady, broad-based performance with improving demand visibility for H2FY26.