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

Executive summary

• Achieved consolidated total income of Rs. 9,917 million in Q1 FY26, 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%.

• Expanded into new market segments such as marine, defense, railways, and lawnmower applications, reducing dependence on traditional automotive segments.

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

• Approved unaudited standalone and consolidated financial results for the quarter ended June 30, 2025.

Financial highlights

• Consolidated EBITDA margin at 22.5% in Q1 FY26, up from 22.2% in Q1 FY25.

• PAT margin stable at 13.6% year-over-year; cash PAT increased to Rs. 1,663 million.

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

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

• Consolidated net profit: Rs 1,349 million, up from Rs 1,172 million year-over-year.

Outlook and guidance

• Management remains cautiously optimistic given industry headwinds, but expects to continue outperforming the market due to diversified presence across automotive and non-automotive segments.

• Strategic focus on innovation, technology, and alternative fuel solutions (CNG, LNG, PNG, hybrid, flex, hydrogen, HCNG, and electric engines) to drive future growth.

• New EV motor and controller plant in Coimbatore expected to start production by end of September, supporting scale-up in the EV segment.

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

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