SPR Auto Technologies (SHRIPISTON) Q2 24/25 earnings summary

Executive summary

• Achieved 17% year-on-year consolidated revenue growth in Q2 FY25, with EBITDA and PAT up 15% and 11% respectively, driven by robust demand and operational excellence.

• H1 FY25 consolidated total income reached Rs 17,703 million, up 17% year-over-year, with PAT at Rs 2,430 million, up 13% year-over-year.

• Standalone H1 FY25 total income was Rs 16,085 million, up 7% year-over-year, with PAT at Rs 2,390 million, up 10%.

• EBITDA margins remained robust at 23.4% for H1 FY25 on a standalone basis.

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

Financial highlights

• Q2 FY25 consolidated total income: INR 9,069 million, up 17.1% year-on-year; EBITDA: INR 2,083 million, up 15.4%; PAT: INR 1,259 million, up 11.4%.

• H1 FY25 consolidated EBITDA: Rs 4,001 million, up 16% year-over-year, with margins at 22.6%.

• Standalone Q2 FY25 total income: INR 8,230 million, up 6.5% year-on-year; EBITDA: INR 1,958 million, up 8%; PAT: INR 1,246 million, up 8.7%.

• Standalone H1 FY25 EBITDA: Rs 3,765 million, up 8% year-over-year, with margins at 23.4%.

• Consolidated revenue for Q2 FY25 was ₹87,650 lakh, up from ₹75,161 lakh year-over-year; consolidated net profit was ₹12,588 lakh, up from ₹11,300 lakh year-over-year.

Outlook and guidance

• Expecting to outgrow the market in H2 FY25, leveraging new business wins and improved export prospects.

• Positioned for growth across all segments, including exports, aftermarket, and new energy vehicle components.

• Focused on expanding in ICE, hybrid, and EV segments, with strong presence in hybrid and ongoing investments in EV motors and controllers.

• Diversification into electric vehicle (EV) components and precision injection molding through subsidiaries.

• Financial statements prepared in accordance with Ind AS 34 and reviewed by the Audit Committee and Board on October 28, 2024.