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

Executive summary

• Consolidated total income grew 51% year-on-year in Q1 FY27, with EBITDA up 27% year-on-year, despite adverse geopolitical and supply chain challenges impacting margins.

• Profit before tax rose 7% and profit after tax increased 9% year-on-year, with finance costs elevated due to recent acquisitions.

• Strategic acquisitions and diversification into powertrain-agnostic domains broadened the business and reduced risk exposure.

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

• Appointment of Mr. Arun Kumar Shukla as Whole-time Director for five years, subject to shareholder approval.

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. 1,476 million (+9% YoY, margin 9.8%); standalone PAT: Rs. 1,119 million (margin 11.6%).

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

• Basic and diluted EPS (consolidated) for Q1 FY27 stood at Rs. 32.78, up from Rs. 30.35 in Q1 FY26.

Outlook and guidance

• Volume momentum expected to continue in two-wheeler, passenger car, commercial vehicle, and tractor segments.

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

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

• Margin normalization anticipated as commodity price increases are passed through with a quarter lag.

• Continued investments in capacity and technology to support future growth.