Shriram Pistons & Rings Limited has submitted to the Exchange, the financial results for the period ended March 31, 2026.
SHRIPISTON · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
SPR Auto Technologies (formerly Shriram Pistons & Rings) reported strong FY26 results with standalone revenue growing 10.9% to Rs 35,266 million and PAT up 3.2% to Rs 5,137 million. On a consolidated basis (including recent acquisitions of interior lighting and solutions companies), revenue jumped 25.6% to Rs 44,587 million with PAT at Rs 5,614 million. The auditors issued unmodified (clean) opinions on both standalone and consolidated results. An exceptional item of Rs 237 million was recognized for provisions under the new Labour Codes. The Board recommended a final dividend of Rs 5 per share in addition to the Rs 5 interim dividend already paid. The company also proposed raising up to Rs 10,000 million via QIP for repayment of borrowings, capex, and general corporate purposes.
The company demonstrated robust growth driven by acquisitions and organic expansion, with shareholders benefiting from total dividend of Rs 10 per share. The proposed QIP issuance of up to Rs 10 billion may have mild dilution impact but strengthens the balance sheet. Operating margins compressed slightly year-on-year.