SPR Auto Technologies Limited, formerly Shriram Pistons & Rings Limited, reported strong financial results for the year ended March 31, 2026. The company achieved a standalone net profit of Rs. 5,137 million and a consolidated net profit of Rs. 5,614 million. Building on this momentum, the board has recommended a final dividend of Rs. 5 per share and approved a fundraising plan of up to Rs. 10,000 million via a Qualified Institutions Placement (QIP).
Financial Highlights
The company delivered a solid performance for the financial year ending March 31, 2026. On a consolidated basis, the firm reported revenue of Rs. 44,587 million, up from Rs. 35,498 million in the previous year. Net profit attributable to shareholders reached Rs. 5,525 million. These results underscore the company’s operational efficiency and successful integration of newly acquired business units.
Strategic Acquisitions and Growth
A key driver of growth this year was the strategic acquisition of SPR Auto Interior Lighting Solutions, SPR Auto Interior Solutions, and its subsidiary, SPR Auto Interior Solutions Chakan. Completed on January 8, 2026, these acquisitions have been instrumental in expanding the company’s product portfolio and market presence, contributing significantly to the consolidation of its automotive component segment.
Capital Allocation and Future Outlook
Reflecting confidence in its financial position, the board has recommended a final dividend of Rs. 5 per equity share (having a face value of Rs. 10), in addition to the interim dividend already paid. To support future capital expenditure and debt repayment, the company plans to raise up to Rs. 10,000 million through a Qualified Institutions Placement (QIP). The 62nd Annual General Meeting is scheduled for July 27, 2026, with a record date for dividend entitlement set for July 20, 2026.
Source: BSE
