Shriram Pistons & Rings Limited has announced its audited financial results for the quarter and year ended March 31, 2025, revealing robust growth in both revenue and profitability. The company also declared a dividend and made significant changes to its board of directors.

Financial Highlights

Standalone Performance

Consolidated Performance

The company's financial results demonstrate strong growth across both standalone and consolidated operations, with significant improvements in revenue and net profit figures.

Dividend Announcement

The board of directors has recommended a final dividend of Rs 10.00 per share, which includes an interim dividend of Rs 5.00 that has already been paid to shareholders.

Board Changes and Appointments

Shriram Pistons & Rings Limited announced several key changes to its board and management:

1. Resignation: Shinichi Unno has stepped down from his position as an independent director.
2. New Appointment: Akihiro Ozaki has been appointed as a new independent director.
3. Auditor Appointments: The company has appointed new secretarial and cost auditors.

Annual General Meeting

The 61st Annual General Meeting of Shriram Pistons & Rings Limited is scheduled to take place on August 1, 2025.

These developments, including the strong financial performance, dividend announcement, and board changes, reflect the company's commitment to growth and corporate governance.

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.