Shriram Pistons & Rings Limited has delivered its highest-ever quarterly total income alongside the successful completion of a major acquisition, marking significant milestones in Q3 FY26. The company reported a 21% year-on-year growth in consolidated total income during the quarter, supported by strong broad-based demand across all automotive segments.

Q3 FY26 Financial Performance

The company's consolidated performance demonstrated robust growth across key metrics during the quarter ended December 31, 2025:

The strong performance was driven by record production and sales volumes in the auto industry, with passenger vehicle and commercial vehicle segments growing by more than 20% year-on-year, while 2-wheeler segments grew by 17% and 3-wheeler segments by 14%.

Strategic Acquisition of Grupo Antolin Assets

A key strategic milestone was the 100% acquisition of Grupo Antolin's three Indian entities - Antolin Lighting India Private Limited, Grupo Antolin India Private Limited, and Grupo Antolin Chakan Private Limited. The transaction details include:

This acquisition significantly expands the company's addressable market and enhances its ability to offer diversified product solutions to major OEMs including Tata Motors, Mahindra & Mahindra, Volkswagen India, Toyota, Hyundai, and Renault.

Business Diversification and Name Change Proposal

Post the consolidation of Antolin India operations, the overall sales revenue of powertrain-agnostic products will increase to over 35% of consolidated revenue, including previous acquisitions of TGPEL, Takahata, and EMFI. To reflect this transformation, the company has proposed changing its name from Shriram Pistons & Rings Limited to SPR Auto Technologies Limited, subject to shareholder and regulatory approvals.

Capacity Expansion and Infrastructure Development

The company continues investing in both legacy and new business segments through several initiatives:

Regulatory Compliance and Communication

The company has maintained full regulatory compliance with SEBI requirements, publishing Q3 FY26 financial results in The Financial Express and Jansatta newspapers on February 3, 2026. The earnings conference call transcript has been made available on the company website, with Company Secretary Pankaj Gupta confirming no unpublished price sensitive information was shared during the call.

Nine-Month Performance and Outlook

For the nine-month period FY26, the company reported consolidated total income growth of 16.80% year-on-year and achieved 10.60% growth in bottom line despite one-time exceptional expenses. Management expressed confidence in the positive outlook for the automotive industry, supported by GST reforms, trade agreements with Europe and US, and the Union Budget's focus on automotive manufacturing and electric mobility ecosystem.

Shriram Pistons & Rings Limited has announced that its board of directors will convene on February 2, 2026, to deliberate on several key corporate matters including quarterly financial results and strategic funding initiatives. The meeting has been scheduled in compliance with Regulation 29 of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015.

Board Meeting Agenda

The board meeting will address three primary items of business, each carrying significant implications for the company's financial position and strategic direction.

Financial Results Review

The board will consider and approve the unaudited financial results for both standalone and consolidated operations covering the quarter and nine months ended December 31, 2025. These results will be accompanied by a Limited Review Report, providing stakeholders with comprehensive insights into the company's performance during the specified period.

Dividend and Fund Raising Considerations

Directors will evaluate the declaration of an interim dividend for the financial year 2025-26, subject to approval, and determine the appropriate record date for dividend distribution. Simultaneously, the board will deliberate on a significant fund raising proposal involving the issuance of Secured Non-Convertible Debentures worth up to INR 1,000 crore through private placement, which may be executed in one or more tranches or series.

Trading Window Restrictions

In accordance with SEBI Prohibition of Insider Trading Regulations, 2015, and the company's internal Code of Conduct for Prevention of Insider Trading, the trading window has been closed effective January 1, 2026. The restriction will remain in place until 48 hours after the financial results are officially communicated to stock exchanges, ensuring compliance with regulatory requirements and maintaining market integrity.

Regulatory Compliance

The company has fulfilled its disclosure obligations by notifying both NSE and BSE about the scheduled board meeting. The information has also been made available on the company's official website at shrirampistons.com, ensuring transparent communication with all stakeholders and maintaining adherence to SEBI Listing Regulations.