SPR Auto Technologies Reports Strong Start to FY27 Driven by 51% Growth in Consolidated Total Income
SPR Auto Technologies Limited (formerly Shriram Pistons & Rings Limited), a leading manufacturer of automotive components, announced its unaudited financial results for the quarter ended June 30, 2026. The company delivered strong performance across its diverse business lines, marked by significant growth despite an adverse industry operating environment.The Consolidated Total Income grew by 51% year-on-year (YoY) to Rs. 14,992 Million. Correspondingly, Consolidated EBITDA increased by 27% YoY to Rs. 2,828 Million.
Mr. Krishnakumar Srinivasan, Managing Director & CEO of SPR Auto Technologies, stated that the company commenced FY27 on a strong and encouraging note, sustaining momentum despite headwinds including geopolitical tensions, supply chain disruptions, and rising raw material costs in the industry. He highlighted that while external factors impacted operating conditions, the Indian automotive sector demonstrated resilience, recording double-digit domestic sales growth in Q1FY27.
The CEO noted that SPR continues to reinforce its market leadership in legacy products while successfully gaining steady traction in its powertrain agnostic businesses. The company also maintained a leading position in exports due to increased penetration into newer segments and geographies.
Strategic expansion was highlighted, including the ongoing integration of the recently acquired Auto Interior Solutions and Lighting businesses to drive operational synergies. Furthermore, SPR advanced its capacity plans by completing the acquisition of piston manufacturing lines from Sunbeam Lightweighting Solutions Pvt. Ltd., a move intended to augment manufacturing capacity and enhance efficiency in its core business.
Financial Performance Highlights
The Q1FY27 results reflected consolidated strength alongside specific divisional developments:Consolidated Financial Results (Rs. Million)
| Particulars | Q1FY27 | Q1FY26 | YoY Change | FY26 Total |
|---|---|---|---|---|
| Total Income | 14,992 | 9,917 | 51.2% | 45,713 |
| EBITDA | 2,828 | 2,235 | 26.6% | 9,884 |
| EBITDA Margin (%) | 18.9% | 22.5% | N/A | 21.6% |
| PBT before Exceptional Items | 1,952 | 1,830 | 6.7% | 7,776 |
| PBT Margin before Exceptional Items (%) | 13.0% | 18.5% | N/A | 17.0% |
| PAT | 1,476 | 1,349 | 9.4% | 5,614 |
| PAT Margin (%) | 9.8% | 13.6% | N/A | 12.3% |
Standalone Financial Results (Rs. Million)
| Particulars | Q1FY27 | Q1FY26 | YoY Change | FY26 Total |
|---|---|---|---|---|
| Total Income | 9,627 | 8,622 | 11.7% | 36,261 |
| EBITDA | 2,020 | 2,024 | (0.2%) | 8,438 |
| EBITDA Margin (%) | 21.0% | 23.5% | N/A | 23.3% |
| PBT before Exceptional Items | 1,507 | 1,743 | (13.5%) | 7,055 |
| PBT Margin before Exceptional Items (%) | 15.7% | 20.2% | N/A | 19.5% |
| PAT | 1,119 | 1,298 | (13.8%) | 5,137 |
| PAT Margin (%) | 11.6% | 15.1% | N/A | 14.2% |
The company stated that finance costs were elevated by Rs. 252 Million in the consolidated PBT before Exceptional Items to fund the Antolin acquisition, a factor expected to normalize once the debt is repaid.
SPR Auto Technologies has been manufacturing pistons, piston pins, piston rings, and engine valves since its incorporation in 1963. It serves as a major exporter to OEMs and aftermarkets globally. The company's R&D is approved by the Department of Scientific and Industrial Research (DSIR), supported by extensive global technological collaborations across various facets of auto component manufacturing.
SHRIPISTON Stock Price Movement
SPR Auto Technologies Limited shares slipped on Tuesday, shedding 9.25% to settle at ₹4402.7 after trading significantly weaker throughout the session. Despite closing lower, the stock had previously reached its 52-week high of ₹4549 and recorded a volume of 60,833 shares during the previous day's trade.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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