BSECompany Update3d ago · 6 Nov 2026, 01:41 pm
Transcripts enclosed.
SPR Auto Technologies Ltd · 544344
✦ AI Summary▲ PositiveResults
SPR Auto Technologies Ltd announced its Q2 and H1 FY27 earnings, with consolidated total income growing 61% YoY to INR 16,746 million and EBITDA growing 29% to INR 3,004 million. The company's diversified business model, customer relationships, and team commitment enabled it to grow despite global headwinds. The domestic automotive industry remained on a strong growth trajectory, with passenger vehicles, commercial vehicles, 2-wheelers, and 3-wheelers recording their highest ever Q2 sales.
Analysis Scores
Earnings Impact8/10
Growth Catalyst6/10
Governance Concern1/10
Regulatory Risk2/10
Balance Sheet Risk4/10
Liquidity Impact9/10
Market Sentiment8/10
✦ Ask a Question
Ask anything about this announcement — AI will answer based on the filing content.
Full Announcement
SPR Auto Technologies Ltd - 544344 - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
Attachments (1)
📄pdf
Download →
296624a6-95de-42a1-bd6b-d9dd30b08864.pdf
View document text
November 6, 2026
National Stock Exchange of India Limited (NSE) BSE Limited (BSE)
Exchange Plaza, Plot No. C/1, G Block Phiroze Jeejeebhoy Towers,
Bandra-Kurla Complex Dalal Street, Fort,
Bandra (East), Mumbai 400051 Mumbai 400001
NSE Symbol: SHRIPISTON BSE Scrip code: 544344
Subject: Transcripts of the “Q2 & H1 FY27 Earnings Call” - Regulation 30 of the SEBI (Listing
Obligations and Disclosure Requirements) Regulations, 2015 ("SEBI Listing Regulations")
Dear Madam/Sir,
With reference to the captioned matter and in furtherance to our earlier intimation letters
submitted on October 16, 2026, October 31, 2026 and November 2, 2026 regarding the
schedule, investor presentation and audio recording of the “Q2 & H1 FY27 Earnings Call” of SPR
Auto Technologies Limited (formerly Shriram Pistons & Rings Limited) (‘Company’) and in
compliance with Regulation 30(6) read with Schedule III and other applicable provisions of the
SEBI Listing Regulations, please find enclosed the transcript of the “Q2 & H1 FY27 Earnings Call”
on the Unaudited Financial Results (Standalone & Consolidated) of the Company for the
quarter and half year ended September 30, 2026, held on Monday, November 2, 2026 at 4:00
p.m. (IST).
The aforesaid transcript is also available on the Company’s website and can be accessed at
https://shrirampistons.com/investor-information/investors-call-transcripts-audio-
recordings/transcripts/.
Kindly take the above information on record and treat this as compliance with SEBI Listing
Regulations.
Thanking you.
Yours faithfully,
For SPR Auto Technologies Limited
(formerly Shriram Pistons & Rings Limited)
(Nilesh Jain)
Company Secretary & Compliance Officer
Membership No.: F5113
Encl.: As above
“SPR Auto Technologies Limited
Q2 and H1 FY27 Earnings Conference Call”
November 02, 2026
MANAGEMENT: MR. KRISHNAKUMAR SRINIVASAN – MANAGING DIRECTOR AND CHIEF
EXECUTIVE OFFICER
MR. PREM RATHI – EXECUTIVE DIRECTOR AND CHIEF FINANCIAL OFFICER
MR. NILESH JAIN – HEAD LEGAL, COMPANY SECRETARY AND COMPLIANCE
OFFICER
Page 1 of 23
SPR Auto Technologies Limited
November 02, 2026
Moderator: Ladies and gentlemen, good day, and welcome to SPR Auto
Technologies Limited Q2 and H1 FY27 Earnings Conference Call.
As a reminder, all participant lines 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 star, then
zero on a touch-tone phone. Please note that this conference is
being recorded.
Today from the management, we have with us Mr. Krishnakumar
Srinivasan, Managing Director and Chief Executive Officer; Mr.
Prem Rathi, Executive Director and Chief Financial Officer and
Mr. Nilesh Jain, Head Legal ,Company Secretary and
Compliance Officer.
Before we begin, let me remind you that this discussion may
contain forward-looking statements that may involve known or
unknown risks, uncertainties and other factors. It may be viewed
in conjunction with the business risks that could cause future
results, performance or achievements to differ significantly from
what is expressed or implied by such forward-looking statements.
I now hand the conference over to Mr. Krishnakumar for his
opening remarks, post which we will open the floor for an
interactive Q&A session. Thank you, and over to you, sir.
Krishnakumar Srinivasan: Yes. Thank you, Anam. Good evening, everyone. Thank you for
joining us for the Q2 and H1 FY27 Earnings call. We hope you have
had the opportunity to go through the financial results, the
investor presentation and press release published on the stock
exchanges and the company website.
I'm really pleased to share that SPR Auto Technologies has
delivered yet another quarter of strong growth. In Q2 FY27, our
consolidated total income grew by 61% year-on-year to INR
16,746 million and consolidated EBITDA grew by 29% to INR 3,004
Page 2 of 23
SPR Auto Technologies Limited
November 02, 2026
million. For the first half, consolidated total income stood at INR
31,738 million, up 56% with EBITDA of INR 5,831 million, up 28%.
What makes this performance really noteworthy is the
environment in which it was delivered. Through the quarter, the
global economy continued to face tremendous geopolitical
tensions, volatile commodity prices, supply chain disruptions and
elevated input costs. Our ability to keep growing through these
headwinds reflects the strength of our diversified business model,
the depth of our customer relationships and the commitment of
our team.
I also want to underline that this growth has come from all our
businesses, including the recent acquisitions of the 3 entities of
Antolin India. Our standalone business grew its total income by
17% year-on-year in Q2 to INR 10,500 million. Our core franchise
continues to grow on its own strength and the businesses we have
added are building on top of it.
The domestic automotive industry remained on a strong growth
trajectory and was an important support to our performance.
Passenger vehicles, commercial vehicles, 2-wheelers and 3-
wheelers all recorded their highest ever Q2 sales. The weighted
average industry production grew by almost 17%.
When we take the 2-wheelers with single cylinder, the passenger
cars with 3 cylinders, the big multi-commercial vehicles with 6
cylinders, etcetera. When we do the weighted average, the
industry production has grown by over 17%. This demand has
been broad-based, supported by the GST 2.0 reforms, resilient
rural and urban consumption, improved financing, infrastructure-
led activities and healthy freight movement.
Our strategy of investing in technology and capacity ahead of
demand has allowed us to serve this increase seamlessly across
all our customers and segments. This quarter is also a good
Page 3 of 23
SPR Auto Technologies Limited
November 02, 2026
moment to reflect on how far SPR has travelled from a pistons
company to a multiproduct franchise.
Until about 5 years ago, we were a company of 4 legacy
products- pistons, piston pins, piston rings, and engine valves.
Today, SPR Group is a multiproduct franchise spanning core
engine components, high-precision injection molded
components, EV motors and controllers and automotive interior
and lighting solutions.
The powertrain agnostic products now contribute more than 35%
of our consolidated revenue and nearly 60% of our business is
relatively insulated from shifts in powertrain technology. Our new
name reflects the broader transformation of the group into a
more diversified mobility and advanced automotive solutions
platform with each business contributing to its future growth.
The legacy powertrain components business continues to
outperform its end markets, supported by new program wins
across alternative applications and additional piston capacity
from the Sunbeam assets. High-precision injection molded
components are gaining momentum from emerging
applications such as ABS systems for 2-wheelers, supported by
capacity expansion in Neemrana and Noida.
The EV motors and controllers business continues to scale through
our new Coimbatore facility and a growing customer base, while
the automotive interiors and lighting businesses acquired from
Antolin are delivering strong operational and financial
performance alongside successful integration and new customer
wins.
Importantly, new programs and customers across the group
provide good visibility on future growth, while our continued focus
on synergies, operating efficiencies and integration is expected
Page 4 of 23
SPR Auto Technologies Limited
November 02, 2026
to support sustainable long-term value creation. Now coming to
our profitability.
Our consolidated EBITDA margin for the quarter was 17.9%, which
remains healthy for our industry. Margins were temporarily
affected by factors that are largely external, including elevated
commodity prices, elevated direct material costs like tools, oils,
etcetera, a change in the sales mix
[Showing first 8,000 characters — download PDF for full document]