SPR Auto Technologies (SHRIPISTON) Q4 23/24 earnings summary

Executive summary

• FY24 delivered record standalone total income of ₹30,351 million; domestic-market growth outpaced by 14.5% business growth versus ~7% market growth.

• Diversification accelerated through EV motor/controller and precision-moulded-parts acquisitions, expanding the portfolio beyond ICE components.

Financial highlights

• Consolidated revenue from operations was ₹30,893 million vs ₹26,093 million; total income was ₹31,746 million vs ₹26,560 million.

• Consolidated EBITDA was ₹7,273 million vs ₹5,070 million; PBT ₹5,891 million vs ₹3,930 million; PAT ₹4,387 million vs ₹2,939 million.

• Standalone revenue from operations rose 13.4% to ₹29,537 million; total income rose 14.5% to ₹30,351 million; PBDT before OCI, after interest, grew 39.97% to ₹6,862 million.

• Consolidated operating cash flow was ₹4,867 million; investing outflow was ₹4,216 million and financing outflow ₹422 million.

Outlook and guidance

• FY25 automobile-sector demand outlook is positive, with passenger vehicles and two/three-wheelers expected to grow; commercial vehicles and tractors are forecast for marginal growth.

• Export growth is targeted at double digits; realization depends on global headwinds and geopolitical conditions.

• Priorities include market expansion, aftermarket reach, non-automotive wins, EV and greener-fuel technologies, advanced manufacturing and cost/efficiency improvements.

• Solar plans include raising one plant’s solar share from 19% to 35% in FY25, targeting 40% at another plant, and starting Pathredi rooftop solar Phase 1 in FY25.