SPR Auto Technologies Announces Q1 Financial Results and Appoints Key Management Personnel
SPR Auto Technologies Limited (formerly Shriram Pistons & Rings Limited) has released its unaudited financial results for the quarter ended June 30, 2026. The company also announced significant managerial appointments, including a new Whole-time Director and a Compliance Officer, as part of its operational updates.The Board of Directors reviewed and approved the consolidated and standalone financial results for the period. The results were accompanied by a Limited Review Report issued by Statutory Auditors on the unaudited performance.
Financial Performance Highlights
For the quarter ended June 30, 2026, the company reported comprehensive income of Rs. 1,498 million in consolidated figures.Key aspects of the consolidated financial results include:
| Particulars | Consolidated (3 months ended June 30, 2026) (Rs. Million) | Consolidated (3 months ended March 31, 2026) (Rs. Million) | Consolidated (3 months ended June 30, 2025) (Rs. Million) | Consolidated (Year ended March 31, 2026) (Rs. Million) |
|---|---|---|---|---|
| Revenue from Operations | 14,744 | 14,558 | 9,633 | 44,587 |
| Total Income | 14,992 | 14,807 | 9,917 | 45,713 |
| Total Expenses | 13,040 | 12,725 | 8,087 | 37,937 |
| Profit before exceptional item and tax | 1,952 | 2,082 | 1,830 | 7,776 |
| Total Tax Expense | 475 | 472 | 481 | 1,891 |
| Profit attributable to Owners of SPR Auto Technologies Limited | 1,444 | 1,563 | 1,337 | 5,525 |
Key Appointments and Organizational Changes
The Board meeting held on August 4, 2026, approved two key appointments based on the recommendation of the Nomination & Remuneration Committee.Mr. Arun Kumar Shukla Appointment:
Mr. Arun Kumar Shukla (DIN: 09854946) was appointed as an Additional Director and designated as Whole-time Director (Key Managerial Personnel). This appointment is effective from August 4, 2026, for a term of five consecutive years. Mr. Shukla holds a Bachelor of Technology degree in Mechanical Engineering from the Indian Institute of Technology, Kanpur, and has been associated with the company since 2009, contributing to manufacturing operations and operational excellence.
Ms. Nidhi Kandwal Appointment:
Ms. Nidhi Kandwal (ICSI Membership No.: A54066) was appointed as Compliance Officer and designated as Key Managerial Personnel, effective August 4, 2026. Ms. Kandwal is a qualified Company Secretary with a postgraduate degree in Commerce and a bachelor's degree in Law, and has over ten years of professional experience handling compliances for listed entities.
Fund Utilization Update
The company reported that the funds raised through non-convertible debentures (NCDs), which were issued during the quarter ended March 31, 2026, have been fully utilized.Details related to the issuance and utilization of these instruments are as follows:
| Instrument Type | Interest Rate | Date of Raising Funds | Amount Raised (Rs. in crore) | Funds Utilized (Rs. in crore) |
|---|---|---|---|---|
| Series I Debentures | 7.30% | February 23, 2026 | 500 | 500 |
| Series II Debentures | 7.35% | February 23, 2026 | 500 | 500 |
The purpose of raising these funds relates to refinancing existing debt availed for the acquisition of a stake in three Indian entities belonging to Spain's Grupo Antolin, which were subsequently renamed as SPR Auto Interior Lighting Solutions, SPR Auto Interior Solutions, and SPR Auto Interior Solutions Chakan.
SHRIPISTON Stock Price Movement
SPR Auto Technologies Limited saw its stock shed 9.25% in trading, closing the day at ₹4402.7. Although the shares concluded a significant decline amidst a volume of 60,833, the equity had earlier achieved its 52-week high during the session.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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