Company Overview
SPR Auto Technologies Limited (formerly Shriram Pistons & Rings Limited) reported strong financial performance for FY 2025-26 with consolidated revenue of ₹44,587 million (up 25.6% YoY) and net profit of ₹5,614 million (up 8.88% YoY). The company completed its strategic €159 million acquisition of Grupo Antolin's Indian operations, expanding its product portfolio into automotive interiors and lighting solutions through newly formed subsidiaries SPR Auto Interior Solutions Private Limited and SPR Auto Interior Lighting Solutions Private Limited.
Financial Performance
Consolidated Results: Revenue from operations reached ₹44,587 million, EBITDA stood at ₹9,613 million (up 15.03%), and profit after tax was ₹5,614 million. EPS increased to ₹125.43 per share from ₹115.02. Standalone Performance: Revenue grew to ₹35,266 million with net profit of ₹5,136 million. The company maintained a dividend payout of ₹440 million, recommending a final dividend of ₹5 per share (total ₹10 per share for FY26).
Strategic Developments
The major acquisition of Grupo Antolin's operations included three entities with total consideration of ₹17,084 million, recognizing goodwill of ₹13,226 million. The company also acquired Karna Intertech Private Limited and expanded manufacturing facilities. Technical collaborations were extended with FUJI OOZX INC., Japan and other partners. The company changed its name from Shriram Pistons & Rings Limited to better reflect its expanded technological focus.
Capital Structure & Financing
SPR Auto Technologies issued ₹10,000 million in Non-Convertible Debentures (NCDs) across two series with 7.30% and 7.35% coupons. The company maintained an IND AA+/Stable credit rating and seeks shareholder approval to raise up to ₹10,000 million additional funds. Debt-equity ratio increased to 0.62 from 0.19 due to acquisition financing.
Sustainability & ESG Performance
The company published its comprehensive Business Responsibility and Sustainability Report (BRSR) with external assurance by TÜV SÜD. Key metrics include 21% renewable energy consumption, 6.4% reduction in GHG emission intensity, 78.5% waste recovery rate, and 100% human rights compliance. The company received multiple awards including Golden Peacock Award for Corporate Governance and EcoVadis Bronze recognition.
Corporate Governance & Compliance
The 62nd AGM is scheduled for July 27, 2026, with record date of July 20, 2026 for dividend payment. The board comprises 10 directors with robust committee structure. The company maintained zero POSH complaints and zero lost time accidents for the third consecutive year. Statutory auditors Walker Chandiok & Co LLP provided unmodified audit reports.
Subsidiaries Performance
The company's eight subsidiaries contributed significantly to operations, with SPR Auto Interior Solutions reporting ₹8,144 million revenue and SPR Takahata Precision India generating ₹3,355 million revenue. The acquisitions added new capabilities in automotive interior systems and expanded the company's market reach.