SPR Auto Technologies Limited (formerly Shriram Pistons & Rings Limited) reported strong financial results for the quarter and year ended March 31, 2026. The company achieved a 25% year-on-year growth in consolidated total income, reaching Rs. 45,713 million for FY26. With a consolidated PAT of Rs. 5,614 million, the company continues to outgrow the industry, driven by successful strategic diversifications and acquisitions in the auto component sector.
Financial Performance Overview
For the fiscal year 2026, the company demonstrated solid momentum across its business segments. Consolidated total income grew by 25% to Rs. 45,713 million compared to Rs. 36,612 million in FY25. EBITDA for the same period stood at Rs. 9,885 million, marking an 18% year-on-year increase. Despite absorbing non-recurring expenses related to the new Labour Code, the company delivered a consolidated PAT of Rs. 5,614 million, an improvement of 9% over the previous year.
Strategic Acquisitions and Diversification
A cornerstone of the company’s recent success is its successful pivot toward powertrain-agnostic components. Through key acquisitions such as SPR Auto Interior Lighting Solutions, SPR Auto Interior Solutions, and Karna Intertech in FY26, the firm has significantly expanded its product portfolio. These initiatives have allowed the company to offer high-precision injection moulded components, electric motor solutions, and automotive interior systems, which now contribute to over 35% of its consolidated total revenue.
Outpacing Industry Growth
The company continues to maintain a leadership position in the automotive component space. While industry production volumes grew by 12% and domestic sales by 11% in FY26, the company’s consolidated total income surged by 25%. This growth is underpinned by five decades of industry presence and a robust global network spanning 45+ countries. The company’s focus on R&D and next-gen mobility solutions, including Hydrogen and Electric Vehicle components, positions it strategically for long-term growth as the mobility landscape evolves.
Operational Excellence and Sustainability
The company maintains a strong commitment to operational efficiency, evidenced by its industry-leading EBITDA margins and a strong credit rating of AA+. Sustainability is deeply integrated into the business model, with 21% of total energy consumption now sourced from renewable energy and significant progress made in achieving Zero Waste to Landfill and Zero Liquid Discharge status across its manufacturing facilities.
Source: BSE
