SPR Auto Technologies Ltd

SPR Auto Technologies Limited, formerly Shriram Pistons & Rings Limited, announced an investment of up to Rs 60,00,00,000 to subscribe to approximately 23.21% of the equity share capital (on a fully diluted basis) of Sunsure Solarpark Forty Private Limited, a wholly owned subsidiary of Sunsure Energy Private Limited, for a group captive solar power project. Simultaneously, SPR Auto Technologies Limited entered into a Power Purchase Agreement with Sunsure Solarpark to procure solar power for its manufacturing facility in Pathredi, Rajasthan.

SPR Auto Technologies Limited, formerly Shriram Pistons & Rings Limited, announced that its Finance and Investment Committee has approved the closure of a qualified institutions placement of 23,36,448 equity shares at an issue price of Rs 4,280.00 per share, a discount of Rs 158.20 from the floor price of Rs 4,438.20, to eligible qualified institutional buyers, according to a regulatory filing on August 20, 2026.

SPR Auto Technologies Limited, formerly Shriram Pistons & Rings Limited, announced it has received approval to launch a qualified institutions placement (QIP) of equity shares with a potential aggregate amount of Rs 10,000 crore, according to a filing on August 17, 2026. The floor price for the QIP has been set at Rs 4,438.20 per share, and the company may offer a discount of up to 5% on that price, with the issue price to be determined in consultation with lead managers. Trading in the company's securities has been suspended for designated persons and their relatives until 48 hours after the issue price is determined.

SPR Auto Technologies Limited, formerly Shriram Pistons & Rings Limited, announced unaudited financial results for the quarter ended June 30, 2026, reporting consolidated total income of Rs 14,992 million, a 51% year-over-year increase, and consolidated EBITDA of Rs 2,828 million, up 27% year-over-year. The company, which manufactures pistons, piston pins, piston rings, engine valves, and automotive interior solutions, also completed the acquisition of piston manufacturing lines from Sunbeam Lightweighting Solutions Pvt. Ltd. and is progressing with the integration of its Auto Interior Solutions & Lighting businesses.

SPR Auto Technologies Ltd share price declined by 3.91% to Rs 4344.3 after the company's net profit eased 7.17% to Rs 147.7 crore, while revenue from operations improved marginally 1.28% to Rs 1474.4 crore in Q2FY26 over Q1FY26. The market capitalization of Auto Components & Equipments industry group stocks on BSE stood at Rs 10.78 lakh crore, rising 7.65%. It has marginally improved by 3.06% over last one week and heading higher by 12.95% in last one month while the market capitalization of SPR Auto Technologies Ltd has improved by 1.69% and 21.93% in the same period respectively. Profit before tax (PBT) of SPR Auto Technologies Ltd stood at Rs 195.2 crore in Q2 FY26, easing 6.67% year-on-year, and declining 5.38% quarter-on-quarter. EBITDA came in at Rs 233 crore, rallying 39.89% YoY and slipping 4.03% sequentially. Total expenses saw a slight increase of 2.44% to Rs 1269.8 crore in Q2FY26 over Q2FY25. During the quarter, cost of materials consumed stood at Rs 762.8 crore, growing marginally by 6.79% YoY, while employee benefits expense was at Rs 168.6 crore, ticking higher by 6.57% YoY. For the TTM ended FY26, revenue from operations soared by 25.60% to Rs 4458.7 crore, while net profit grew slightly 8.90% to Rs 561.4 crore, compared to previous TTM. EBITDA surged by 64070% to Rs 763.2 crore, and PBT improved 10.11% to Rs 750.5 crore compared to previous TTM. The company's consolidated net cash flow from operating activities stood at Rs 625.0 crore in FY26, as against Rs 434.4 crore in FY25. SPR Auto Technologies Ltd jumped 86.35% in last one year, significantly outperforming the benchmark BSE Sensex which has eased by 2.94% during the same period.

SPR Auto Technologies Limited, formerly Shriram Pistons & Rings Limited, announced that Sandeep Agrawal has superannuated from his role as Executive Director and Chief Marketing Officer, effective July 31, 2026, resulting in his departure as a Senior Management Personnel, while Rajan Nanda, Executive Director - Marketing, will assume additional responsibility for the marketing function starting August 1, 2026.

SPR Auto Technologies will hold a meeting of the Board of Directors of the Company on 4 August 2026.

Shriram Pistons & Rings announced that the Board of Directors of the Company at its meeting held on 11 May 2026, inter alia, have recommended the final dividend of Rs 5 per equity Share (i.e. 50%) , subject to the approval of the shareholders.

Shriram Pistons & Rings announced that the 62th Annual General Meeting(AGM) of the company will be held on 27 July 2026.

Net profit of Shriram Pistons & Rings rose 6.69% to Rs 156.30 crore in the quarter ended March 2026 as against Rs 146.50 crore during the previous quarter ended March 2025. Sales rose 47.29% to Rs 1455.80 crore in the quarter ended March 2026 as against Rs 988.40 crore during the previous quarter ended March 2025. For the full year,net profit rose 9.06% to Rs 552.50 crore in the year ended March 2026 as against Rs 506.60 crore during the previous year ended March 2025. Sales rose 25.60% to Rs 4458.70 crore in the year ended March 2026 as against Rs 3549.80 crore during the previous year ended March 2025. ParticularsQuarter EndedYear EndedMar. 2026Mar. 2025% Var.Mar. 2026Mar. 2025% Var. Sales1455.80988.40 47 4458.703549.80 26 OPM %18.4021.29 -19.6420.40 - PBDT259.90229.40 13 926.20801.30 16 PBT208.20201.10 4 777.60681.60 14 NP156.30146.50 7 552.50506.60 9 Powered by Capital Market - Live