SPR Auto Technologies (SHRIPISTON) Q2 26/27 earnings summary

Executive summary

• Q2 FY27 consolidated total income rose 60.6% YoY to Rs. 16,746 million and EBITDA 28.5% to Rs. 3,004 million; H1 total income rose 56.0% to Rs. 31,738 million and EBITDA 27.6% to Rs. 5,831 million.

• Consolidated net profit was Rs. 1,623 million in Q2 and Rs. 3,100 million in H1, versus Rs. 1,421 million and Rs. 2,770 million, respectively, a year earlier.

• Diversification spans legacy ICE products, precision plastics, EV motors and controllers, interiors and lighting; powertrain-agnostic products contribute over 35% of consolidated revenue.

• Newly acquired businesses are integrating and stabilising; programme wins add visibility, with capacity, automation and digitisation investments planned ahead of demand.

Financial highlights

• Consolidated Q2 revenue from operations was Rs. 16,482 million; PBT was Rs. 2,129 million and PAT Rs. 1,623 million. EBITDA includes other income.

• Consolidated H1 revenue from operations was Rs. 31,226 million; PBT was Rs. 4,081 million and PAT Rs. 3,100 million. EBITDA includes other income.

• Standalone Q2 total income rose 16.9% to Rs. 10,500 million; EBITDA was Rs. 2,087 million (+0.3%) and PAT Rs. 1,189 million (-11.4%). H1 PAT was Rs. 2,308 million (-12.5%).

• Excluding acquisition-related finance costs of Rs. 234 million in Q2 and Rs. 486 million in H1, PBT grew 23% YoY in Q2 and 22% in H1.

• Consolidated Q2 basic and diluted EPS were Rs. 35.13 versus Rs. 31.76 YoY; H1 EPS was Rs. 67.94 versus Rs. 62.11.

Outlook and guidance

• Automotive market growth is expected at 7%-8% CAGR; piston growth is expected to moderate from recent 17%-20% rates toward that range over the next two years.

• Growth ambition is to exceed end-market growth, subject to wins and mix; mature-year new wins are expected to add over Rs. 1,000 crore alongside roughly Rs. 6,000 crore of regular business.

• Capacity additions, automation and digitisation are progressing ahead of demand; CapEx varies with programme wins, and no annual amount was committed.

• Precision-plastic component supplies for two-wheeler ABS programmes are targeted to start by April; new acoustic-headliner designs could lift realizations 15%-18% in small cars and up to 30%-40% in larger vehicles, depending on specification.

• ICE and EV markets are both expanding; the portfolio is positioned to serve both powertrain pathways as market dynamics evolve.