SPR Auto Technologies Limited (formerly Shriram Pistons & Rings Limited) has reported robust audited financial results for the quarter and financial year ended March 31, 2026. The Board has recommended a final dividend of Rs. 5 per equity share, in addition to the interim dividend already paid. Furthermore, the company announced a strategic proposal to raise up to Rs. 10,000 million through a Qualified Institutions Placement (QIP) to support growth and general corporate purposes.
Annual Financial Performance Highlights
For the financial year ended March 31, 2026, the company achieved significant growth in its standalone operations. Standalone revenue from operations rose to Rs. 35,266 million compared to Rs. 31,795 million in the previous year. The standalone net profit after tax for the year stood at Rs. 5,137 million, reflecting strong operational efficiency. Consolidated financial results showed even higher performance, with revenue from operations reaching Rs. 44,587 million and a net profit of Rs. 5,614 million for the same period.
Dividend Declaration
Following a successful fiscal year, the Board of Directors has recommended a final dividend of Rs. 5 per equity share (face value of Rs. 10 each). This follows the interim dividend of Rs. 5 per share already paid in February 2026. The final dividend will be paid within 30 days of its declaration at the upcoming 62nd Annual General Meeting, which is scheduled to be held on July 27, 2026.
Strategic Fund Raising and Expansion
The company has approved a proposal to raise funds of up to Rs. 10,000 million via a Qualified Institutions Placement (QIP). These funds are earmarked primarily for the repayment of existing borrowings, capital expenditure, and general corporate requirements. This move is part of the company’s broader strategy to strengthen its balance sheet and support future growth initiatives in the automotive component segment.
Corporate Updates
In other significant developments, the company officially transitioned its name from Shriram Pistons & Rings Limited to SPR Auto Technologies Limited, effective April 2, 2026. Additionally, the company completed the acquisition of multiple entities, including SPR Auto Interior Lighting Solutions Private Limited and SPR Auto Interior Solutions Private Limited, further diversifying its portfolio and operational footprint in the automotive industry.
Source: BSE
