SPR Auto Technologies Limited (formerly Shriram Pistons & Rings Limited) reported robust financial performance for the quarter and year ended March 31, 2026. The company achieved an annual standalone net profit of Rs. 5,137 million and a consolidated net profit of Rs. 5,614 million. Furthermore, the board has recommended a final dividend of Rs. 5 per share and approved a strategic fund-raising plan of up to Rs. 10,000 million via Qualified Institutions Placement.
Financial Highlights
For the financial year ended March 31, 2026, the company demonstrated significant operational strength. On a standalone basis, total income reached Rs. 36,261 million, with a net profit of Rs. 5,137 million. The consolidated results reflect an even larger footprint, with total income for the year at Rs. 45,713 million and a net profit of Rs. 5,614 million. This growth is supported by a stable operating margin and strong performance across the automotive component segment.
Strategic Fund Raising and Expansion
To support its long-term growth and capital requirements, the company has announced plans to raise funds of up to Rs. 10,000 million through the issuance of eligible securities via a Qualified Institutions Placement (QIP). The proceeds are primarily intended to facilitate the repayment of borrowings, capital expenditure, and general corporate purposes.
Dividend and Governance
Reflecting the company’s commitment to shareholder value, the board has recommended a final dividend of Rs. 5 per equity share (face value of Rs. 10 each). This is in addition to the interim dividend of Rs. 5 per share already paid in February 2026. The 62nd Annual General Meeting is scheduled for July 27, 2026, where shareholders will vote on the dividend, the re-appointment of directors Mr. Yasunori Maekawa and Mr. Pradeep Dinodia, and the appointment of the new cost auditor, M/s Chandra Wadhwa & Co.
Corporate Milestone
The company also successfully completed the acquisition of multiple entities, including SPR Auto Interior Lighting Solutions Private Limited and SPR Auto Interior Solutions Private Limited, effectively expanding its capabilities within the automotive interior space. These acquisitions, completed in January 2026, have been integrated into the company’s consolidated financial results, highlighting a year of both organic and inorganic growth.
Source: BSE
