SPR Auto Technologies Ltd (BOM:544344)

Q3 2026 Shriram Pistons & Rings Ltd Earnings Call Transcript

Feb 3, 2026 / 10:30 AM GMT

Release Date Price: ₹2838.85 (+6.53%)

Transcript

Key Points

Positve

Shriram Pistons & Rings Ltd (NSE:SHRIPISTON) reported a 21% year-on-year growth in consolidated total income during Q3 FY26, driven by strong demand across all segments.
The company achieved the highest ever total income in a quarter, supported by record production and sales volumes in the auto industry.
Consolidated EBITDA grew by 21% year-on-year, reflecting improved operating leverage and a focus on productivity, cost optimization, and operational efficiency.
The successful acquisition of Grupo Antolin's three Indian entities marks a significant step in diversifying the company's product offerings and de-risking its business model.
The company continues to invest in capacity expansion, asset modernization, and automation, enhancing its manufacturing capabilities and supply chain efficiency.

Negative

The company faced a non-recurring exceptional expense of INR252 million due to the statutory impact of new labor codes introduced by the government.
Standalone revenue growth was slightly lower than the overall auto industry production growth, indicating potential challenges in capturing market share.
There is a lag in passing through raw material price increases to customers, which could impact short-term profitability.
The integration of newly acquired entities may involve additional costs and challenges in aligning operations and cultures.
Despite strong growth, the company faces competitive pressures in maintaining market share and profitability in a rapidly evolving automotive industry.

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

SHIE.NS - Shriram Pistons & Rings Ltd
Q3 2026 Shriram Pistons & Rings Ltd Earnings Call
Feb 03, 2026 / 10:30AM GMT

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Presentation
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Unidentified_1 [1]
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Ladies and gentlemen, good day and welcome to Shriram Pistons and Rings Limited Q3 and 9 months FY26 earnings call. As a reminder, all participant clients 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 this 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 Srinavasan, Managing Director and Chief Executive Officer, Mr. Prem Rahi, Executive Director and Chief Financial Officer, and Mr. Pankaj Gupta, deputy executive Director, head legal

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