SPR Auto Technologies Ltd (BOM:544344)

Q2 2026 Shriram Pistons & Rings Ltd Earnings Call Transcript

Nov 7, 2025 / 10:30 AM GMT

Release Date Price: ₹2595.15 (-2.34%)

Transcript

Key Points

Positve

Shriram Pistons & Rings Ltd (NSE:SHRIPISTON) achieved a 14.9% year-on-year growth in consolidated total income despite challenging market conditions.
The company maintained a strong consolidated EBITDA margin of 22.4% and a tax margin of 13.6%.
Post-GST reforms, the demand for products showed signs of improvement, with double-digit sales growth across various vehicle segments.
The company continues to win new business across legacy and new subsidiaries, contributing positively to top-line and bottom-line growth.
Investments in automation, digital manufacturing, and precision engineering are delivering measurable improvements in productivity and quality.

Negative

The domestic automotive industry showed mixed performance, with passenger vehicles declining by 1%.
The GST reforms impacted the sales mix, affecting overall business performance in August and September.
Certain export regions witnessed temporary softness due to ongoing tariff uncertainties and geopolitical tensions.
The company faces challenges with the non-availability of rare earth magnets, although alternative sourcing methods are being explored.
The market for electric vehicles remains muted due to infrastructure requirements, impacting the growth of the EV business.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

SHIE.NS - Shriram Pistons & Rings Ltd
Q2 2026 Shriram Pistons & Rings Ltd Earnings Call
Nov 07, 2025 / 10:30AM GMT

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Presentation
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Ladies and gentlemen, good day and welcome to Shri Ram Piston and Ring Limited Q2N H1F526 earnings conference call. As a reminder, all participant life will be in the listen-only mode, and there will be an opportunity for you to ask questions after the presentation concludes.

Should you need assistance during the conference call, please signal an operator by pressing then 0 on your touchstone phone. Please note that this conference is being recorded today. From the management we have with us Mr. Krishna Kumar Srina Vanal, Managing Director and Chief Executive Officer, Mr. Primrahi, executive Director and Chief Financial Officer, and Mr. Panka Gupta, Deputy Chief Deput Executive Director, Head Le and

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