SPR Auto Technologies (SHRIPISTON) Q3 25/26 earnings summary

Executive summary

• Achieved record quarterly total income in Q3 FY26, with consolidated total income up 21% year-on-year, driven by strong demand across all automotive segments and record industry production volumes.

• Completed 100% acquisition of Grupo Antolin's three Indian entities, diversifying into automotive interiors and lighting, and increasing powertrain-agnostic products to over 35% of consolidated revenue.

• Continued investments in legacy business (pistons, rings, valves) through capacity expansion, asset modernization, and automation, including acquisition of piston manufacturing lines from Sunbeam Lightweighting Solutions.

• Proposed company name change to SPR Auto Technologies Limited to reflect multi-product strategy and diversification, with adoption of new MOA and AOA.

• Approved unaudited standalone and consolidated financial results for the quarter and nine months ended December 31, 2025.

Financial highlights

• Q3 FY26 consolidated total income: Rs. 10,563 million (+20.7% YoY); 9MFY26: Rs. 30,905 million (+16.8% YoY).

• Q3 FY26 consolidated EBITDA: Rs. 2,389 million (+20.8% YoY); 9MFY26: Rs. 6,957 million (+16.3% YoY).

• Q3 FY26 consolidated PAT: Rs. 1,257 million (+4.0% YoY); 9MFY26: Rs. 4,025 million (+10.6% YoY), impacted by non-recurring statutory expenses.

• Interim dividend of Rs. 5 per equity share (50% of face value) approved, to be paid by March 3, 2026.

• Exceptional item of Rs. 252 million (consolidated) due to provision for new labour codes.

Outlook and guidance

• Management expects continued strong growth momentum in the coming quarter and long term, with all subsidiaries and core businesses performing well.

• Strategic diversification and acquisitions position the company for sustained growth and risk mitigation.

• Precision plastics, interiors, electronics lighting, and legacy businesses expected to maintain record output and sales.

• Positive industry outlook supported by GST reforms, trade agreements, and government focus on automotive and electric mobility.

• Financial results for the period are not fully comparable to previous periods due to recent acquisitions.