SPR Auto Technologies (SHRIPISTON) Q1 24/25 earnings summary

Executive summary

• Achieved strong growth in Q1FY25 with consolidated total income up 17.4% year-over-year to Rs 8,634 million and PAT up 15.5% to Rs 1,172 million.

• Board approved unaudited standalone and consolidated financial results for the quarter ended June 30, 2024.

• Standalone revenue from operations rose 6.6% year-over-year, with EBITDA margin improving to 23.0%.

• Maintained leadership in pistons, piston pins, piston rings, and engine valves, serving both domestic and export markets.

• Continued diversification into electric vehicle components and precision injection molding through subsidiaries.

Financial highlights

• Consolidated revenue from operations for Q1FY25 was ₹83,707 lakh, up from ₹71,642 lakh in Q1 FY24.

• Consolidated EBITDA increased 16.1% year-over-year to Rs 1,918 million, with margin at 22.2%.

• Consolidated PAT rose 15.5% year-over-year to Rs 1,172 million, PAT margin at 13.6%.

• Standalone revenue from operations for Q1 FY25 was ₹76,120 lakh, up from ₹71,385 lakh in Q1 FY24.

• Basic EPS (consolidated) for Q1 FY25 was ₹26.21, up from ₹23.14 in Q1 FY24.

Outlook and guidance

• Positioned for growth across all segments, including EV and traditional IC engine markets.

• Industry tailwinds from India's growing auto sector and government support for EVs and localization.

• Diversified portfolio and global reach expected to mitigate risks from market transitions.

• Financial statements prepared in accordance with Ind AS 34 and reviewed by the Audit Committee and Board on July 24, 2024.