SPR Auto Technologies (SHRIPISTON) Q1 25/26 earnings summary

Executive summary

• Achieved consolidated total income of Rs. 9,917 million in Q1FY26, up 14.9% year-over-year, with EBITDA of Rs. 2,234 million and PAT of Rs. 1,348 million, both showing double-digit growth, significantly outpacing end-market growth despite industry cyclicality.

• Standalone total income reached Rs. 8,622 million, up 9.8% year-over-year, with EBITDA margin improving to 23.5%.

• Approved unaudited standalone and consolidated financial results for the quarter ended June 30, 2025; board meeting concluded with adoption of results and auditor review reports.

• Outperformed industry growth, with consolidated income rising faster than the overall auto sector.

• Focused on operational improvements, automation, digitization, and expanding into new market segments such as marine, defense, and railway applications.

Financial highlights

• Consolidated EBITDA grew 16.5% year-on-year to INR 2,234 million; EBITDA margin expanded to 22.5%.

• Consolidated PAT increased 15.1% year-on-year to INR 1,348 million; PAT margin maintained at 13.6%.

• Standalone revenue grew 9.8% year-on-year, far exceeding the underlying industry production growth of 1%.

• Standalone net profit: Rs 1,298 million, up from Rs 1,144 million year-over-year.

• Standalone basic EPS: Rs 29.46 for the quarter, up from Rs 25.95 year-over-year; consolidated basic EPS: Rs 30.35, up from Rs 26.21.

Outlook and guidance

• Positioned for growth across ICE, EV, and high-precision plastic engineering segments, leveraging a diversified business model.

• Near-term industry outlook remains cautious due to ongoing challenges, but diversified presence across automotive and non-automotive segments expected to drive continued outperformance.

• Strategic focus on strengthening core business, expanding product offerings, and leveraging innovation and technology, including alternative fuel and EV solutions.

• New EV motor and controller plant in Coimbatore expected to start production by end of September, supporting further growth.

• Expects continued growth in all segments, with delayed but eventual EV penetration and robust export demand.