Shriram Pistons & Rings Limited has informed the Exchange regarding Outcome of Board Meeting held on May 11, 2026.
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 Limited) reported FY26 standalone revenue of Rs. 35,266 million (up 10.9% from Rs. 31,795 million in FY25) and consolidated revenue of Rs. 44,587 million (up 25.6% from Rs. 35,498 million). Standalone PAT grew 3.2% to Rs. 5,137 million while consolidated PAT rose 8.9% to Rs. 5,614 million. The Board declared an interim dividend of Rs. 5 per share already paid, and recommended a final dividend of Rs. 5 per share, totaling Rs. 10 per share (100%). An exceptional item of Rs. 237 million was recognized due to new labour code provisions. The company proposes to raise up to Rs. 10,000 million via QIP for debt repayment, capex, and general corporate purposes. Auditors Walker Chandiok & Co LLP issued unmodified opinions with no going concern issues.
Revenue growth was strong on consolidated basis (25.6%) driven by acquisitions, though standalone growth was moderate (10.9%). PAT growth lagged revenue growth due to significantly higher finance costs (doubled to Rs. 495 million). The QIP fund raise may dilute shareholder value. Positive dividend outlook and clean audit are encouraging for investors.