Shriram Pistons & Rings Limited – Q2 FY26 Results Summary
Announcement Date: November 4, 2025
Key Financial Metrics (Rs. Million):
- Standalone:
- Revenue: 8,730 (+10% YoY, +4.5% QoQ)
- EBITDA: ~2,241; EBITDA Margin: ~25.7%
- Net Profit: 1,339 (+7.5% YoY, +3.1% QoQ)
- Basic EPS: Rs. 30.40
- Consolidated:
- Revenue: 10,165 (+16% YoY, +5.5% QoQ)
- EBITDA: ~2,435
- Net Profit: 1,421 (+13% YoY, +5.4% QoQ)
- Basic EPS: Rs. 31.76
Balance Sheet Highlights (as of Sep 30, 2025):
- Standalone Total Assets: Rs. 36,412 million
- Consolidated Total Assets: Rs. 40,293 million
- Equity (Consolidated): Rs. 27,491 million (including non-controlling interest)
- Capex (H1 FY26): Rs. 414 million standalone; Rs. 885 million consolidated
Management Commentary & Corporate Activity:
- Rs. 500 million invested in wholly-owned subsidiary SPR Engenious Limited during Q2 FY26.
- SPR Engenious Limited increased stake in step-down subsidiary SPR EMF Innovations Private Limited from 66.42% to 72.58%.
- Acquisitions of SPR TGPEL Precision Engineering Limited (Dec 2024) and Karna Intertech Private Limited (Apr 2025) included in consolidated results, affecting comparability.
- No changes in accounting policies or material adjustments reported.
Segment Performance:
- Operations primarily in automotive components; no further segment or geographic breakdown provided.
Cash Flow Summary (H1 FY26 vs H1 FY25):
- Operating cash flow improved significantly (Standalone: Rs. 2,578 mn vs Rs. 1,717 mn).
- Increased investing outflows reflecting higher capex and subsidiary investments.
- Financing cash flows stable, including dividend payments of Rs. 220 million.
Auditor’s Note:
- Reviewed by Walker Chandiok & Co LLP with no qualifications or concerns.
Outlook:
- No explicit guidance provided.
This summary captures the key financial and operational highlights from Shriram Pistons & Rings Limited’s Q2 FY26 results announcement.