SAMKRG Pistons Reports 52.8% Surge in Q1 Profit, Appoints New Independent Director

Samkrg Pistons & Rings Limited, a prominent manufacturer of automobile components, has reported robust financial results for the first quarter ended June 30, 2025, alongside significant changes to its board composition.

Strong Financial Performance

The company witnessed a substantial growth in its quarterly performance:

Samkrg Pistons & Rings' revenue from operations grew by 11.7% year-on-year to Rs. 63.97 crore for the quarter ended June 30, 2025. The company's net profit surged by an impressive 52.8% to Rs. 2.88 crore, compared to Rs. 1.88 crore in the same period last year. This strong performance was reflected in the earnings per share, which improved to Rs. 2.93 from Rs. 1.92 in the corresponding quarter of the previous year.

Board Appointment and Committee Restructuring

In a significant move, the company's Board of Directors appointed Mr. Vetukuri Venkata Ramana Raju as an Additional Director in the Non-Executive and Independent category. This appointment, effective August 11, 2025, is subject to shareholder approval at the upcoming 39th Annual General Meeting.

Mr. Raju brings valuable experience to the board, holding a Master of Business Administration degree from the UK, obtained in 2007. He has approximately 17 years of experience in finance, management, and business administration.

Following this appointment, Samkrg Pistons & Rings has restructured its board committees:

1. Audit Committee: Now chaired by Mr. Vetukuri Venkata Ramana Raju
2. Nomination and Remuneration Committee: Chaired by Mrs. Sirisha Ramaraju
3. Stakeholders Relationship Committee: Led by Mr. Vetukuri Venkata Ramana Raju
4. Risk Management Committee: Headed by Mr. S. Karunakar, the Chairman and Managing Director
5. Corporate Social Responsibility Committee: Chaired by Mr. S. Kishore, Whole Time Director

Management Commentary

The company's management expressed satisfaction with the quarterly results, highlighting the strong growth in both revenue and profitability. They attributed the performance to improved operational efficiency and robust demand for automobile components.

Samkrg Pistons & Rings Limited continues to focus on manufacturing high-quality automobile components, maintaining its position as a key player in the industry. The company's financial results and strategic board changes reflect its commitment to growth and corporate governance.

Investors and stakeholders will be keenly watching the company's performance in the coming quarters, as well as the impact of the recent board restructuring on its long-term strategy and operations.