Shriram Pistons & Rings Limited , a leading manufacturer of automotive components, has reported strong financial results for the first quarter, showcasing significant growth across key metrics.

Financial Highlights

The company delivered impressive performance in Q1:

• Consolidated total income grew by 14.9% year-on-year to Rs. 9,917.00 million
• Consolidated EBITDA increased by 16.5% year-on-year to Rs. 2,234.00 million
• EBITDA margin expanded to 22.5%
• Consolidated PAT rose by 15.1% to Rs. 1,348.00 million
• PAT margin maintained at 13.6%

Outperforming the Industry

Shriram Pistons & Rings significantly outpaced the overall automotive industry, which experienced only about 1% growth in production. The company's standalone revenue grew by 9.8%, demonstrating its resilience and strategic focus on diversification.

Diversification Strategy

The company attributed its strong performance to its successful diversification into new segments, including:

• Marine engines
• Defense applications
• Railway engines
• Lawn mower applications

This strategy has helped Shriram Pistons & Rings mitigate risks associated with dependence on specific automotive segments.

EV Business Progress

The company reported progress in its Electric Vehicle (EV) motors and controllers business:

• Among the top 3 motor and controller manufacturers in India
• Offering a wide range of motors from 250 watts to 350 kilowatts
• New facility in Coimbatore expected to start production by end of September

Precision Engineered Products

Shriram Pistons & Rings is also focusing on high-precision injection molded components for various applications, including:

• Steering systems
• Gearing applications
• Braking systems
• Seatbelt mechanisms
• Vehicle trimming

Export Performance

Despite global challenges, the company's export business remains strong:

• Exports account for approximately 18-20% of total sales
• Presence in over 45 countries, helping mitigate regional risks
• Strong position in North American markets, including the United States, Mexico, and Brazil

Future Outlook

Krishnakumar Srinivasan, Managing Director and CEO, expressed confidence in the company's growth trajectory:

"We are committed to enhancing our product offerings and expanding our market presence through innovation and technology. Our focus on sustainability and environmental responsibility remains unwavering as we continue to implement various initiatives that reduce our carbon footprint and promote the use of renewable energy across all our operations."

The company continues to explore strategic partnerships and M&A opportunities to bolster its capabilities and broaden its product portfolio.

Investor Relations

Shriram Pistons & Rings Limited will be participating in the 'Emkay Confluence 2025 Conference' scheduled for August 13, 2025, in Mumbai. This event will provide an opportunity for analysts and investors to engage with the company's key management personnel.

As Shriram Pistons & Rings Limited continues to navigate the evolving automotive landscape, its focus on diversification, innovation, and strategic growth initiatives positions it well for sustained success in the coming quarters.

Shriram Pistons & Rings Limited , a leading automotive component manufacturer, has announced its financial results for the first quarter ended June 30, 2025, showcasing strong performance across both standalone and consolidated operations.

Standalone Performance

The company reported a solid standalone performance for Q1 FY2026:

*Annualized figure

Shriram Pistons & Rings Limited witnessed a year-on-year revenue growth of 12.30% in Q1 FY2026, with revenues reaching Rs. 8,548.00 million compared to Rs. 7,612.00 million in the same quarter last year. The company's net profit saw a significant increase of 21.07%, rising to Rs. 1,385.00 million from Rs. 1,144.00 million in Q1 FY2025.

Consolidated Results

On a consolidated basis, the company's performance was equally impressive:

The consolidated revenue from operations increased by 18.07% year-on-year to Rs. 9,884.00 million in Q1 FY2026. Consolidated net profit showed a remarkable growth of 29.27%, reaching Rs. 1,515.00 million compared to Rs. 1,172.00 million in the corresponding quarter of the previous year.

Strategic Acquisition

In a significant move to strengthen its market position, Shriram Pistons & Rings Limited acquired a 100% equity stake in Kama Intertech Private Limited for Rs. 50.00 million on April 01, 2025. This acquisition has made Kama Intertech a wholly-owned subsidiary of the company, potentially expanding its product portfolio and market reach.

Audit Review

The financial results were reviewed by Walker Chandiok & Co LLP, the statutory auditors of the company. The audit committee reviewed and recommended the results, which were subsequently approved by the Board of Directors in their meeting held on August 1, 2025.

Management Commentary

While specific management comments were not provided, the strong financial performance suggests that Shriram Pistons & Rings Limited has been able to capitalize on the growth in the automotive sector, despite potential challenges in the global economic environment.

The company's ability to grow both its top line and bottom line significantly year-over-year indicates effective cost management and possibly increased market share in the automotive components segment.

As Shriram Pistons & Rings Limited continues to expand through strategic acquisitions and organic growth, investors and industry observers will be keenly watching its performance in the coming quarters to gauge the sustained impact of these strategies on the company's financial health and market position.