SPR Auto Technologies (SHRIPISTON) Q1 26/27 earnings summary

Executive summary

• Consolidated total income grew 51% year-over-year in Q1 FY27, with EBITDA up 27% year-over-year, despite industry headwinds from commodity prices, supply chain disruptions, and adverse geopolitical factors impacting margins.

• Profit before tax rose 7% year-over-year and profit after tax increased 9% year-over-year, even after higher finance costs from recent acquisitions.

• Strategic investments in technology, capacity, and powertrain-agnostic domains, along with diversification, have broadened the business and reduced risk exposure.

• Maintained robust financial health with industry-leading margins, strong return ratios, and a healthy credit profile.

• Unaudited standalone and consolidated financial results for Q1 FY27 were approved with unmodified auditor conclusions, indicating compliance with SEBI regulations.

Financial highlights

• Q1 FY27 consolidated total income: Rs. 14,992 million (+51% YoY); standalone total income: Rs. 9,627 million (+12% YoY).

• Q1 FY27 consolidated EBITDA: Rs. 2,828 million (+27% YoY, margin 18.9%); standalone EBITDA: Rs. 2,020 million (margin 21.0%).

• Q1 FY27 consolidated PAT: Rs. 1,477 million (+9% YoY, margin 9.8%); standalone PAT: Rs. 1,119 million (margin 11.6%).

• Finance costs elevated by Rs. 252 million (consolidated) due to Antolin acquisition, expected to normalize post debt repayment.

• Net debt as of June stands at INR 550 million, with net debt to equity at 0.2.

Outlook and guidance

• Powertrain-agnostic diversification and presence across ICE, EV, and hybrid segments position the company for sustained growth amid evolving industry trends.

• Volume momentum expected to continue across all vehicle segments for the rest of the year.

• Margin normalization expected as commodity price increases are passed through to customers with a one-quarter lag.

• Board authorized to raise up to Rs. 10,000 million via Qualified Institutions Placement for debt repayment and general corporate purposes.