Transcripts

August 10, 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: Transcript of the “Q1 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 July 21, 2026, August 4, 2026 and August 5, 2026 regarding the schedule, investor presentation and audio recording of the “Q1 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 “Q1 FY27 Earnings Call” on the Unaudited Financial Results (Standalone & Consolidated) of the Company for the quarter ended June 30, 2026, held on Wednesday, August 5, 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) (Krishnakumar Srinivasan) Managing Director & CEO DIN: 00692717 Encl.: As above “SPR Auto Technologies Limited Q1 FY27 Earnings Conference Call” August 05, 2026 MANAGEMENT: MR. KRISHNAKUMAR SRINIVASAN – MANAGING DIRECTOR AND CHIEF EXECUTIVE OFFICER MR. PREM RATHI – EXECUTIVE DIRECTOR AND CHIEF FINANCIAL OFFICER Page 1 of 20 SPR Auto Technologies Limited August 05, 2026 Moderator: Ladies and gentlemen, good day and welcome to SPR Auto Technologies Limited Q1 FY27 Earnings 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 this conference call, please signal an operator by pressing star then zero on your touchtone 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, and Mr. Prem Rathi, Executive Director and Chief Financial 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, and 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 question-and-answer session. Thank you and over to you, sir. Krishnakumar Srinivasan: Okay, thank you. Good evening, everyone. Thank you for joining us for this Q1 FY27 earnings call. We hope you have had an opportunity to go through the financial results, the investor presentation, and the press release which are published on the stock exchanges and the company website. I'm really pleased to share that SPR Auto Technologies has commenced the financial year 2027 on a very strong note and delivered an encouraging performance during Q1 FY27 as the company delivered a 51% year-on-year growth on a consolidated total income and a 27% year- on-year growth on consolidated EBITDA. The strong performance is particularly noteworthy given the challenging industry backdrop, characterized by elevated commodity prices, supply chain disruptions, and broader macroeconomic uncertainties stemming from heightened geopolitical tensions. Moreover, commodity cost adjustments normally have a time lag of a quarter for regularization with customers, thereby presenting a temporary gap in the margins. Even with the above impacts, the company has delivered a strong financial performance during the quarter. Consolidated profit before tax grew by 7% year-on-year in Q1 FY27, while profit after tax increased by 9% year-on-year. The growth is after reflecting the flow-through impact from EBITDA and contributed by higher finance costs to fund the acquisition of the automotive interiors and lighting businesses. These elevated finance costs are expected to be temporary and should normalize as the related debt is repaid. Post the GST 2.0 reforms, we are seeing a phenomenal growth in both the two-wheeler and the passenger car markets. We expect this volume momentum to continue for the above segments and also for the commercial vehicle and tractor segment throughout the year. Page 2 of 20 SPR Auto Technologies Limited August 05, 2026 Our strategy to invest in technology and capacity ahead of time has really helped us to cater to these increased demands. This performance underscores the strength and resilience of our diversified business model, our continued focus on operational excellence, and the effectiveness of our strategic initiatives. We remain focused on driving cost efficiencies, streamlining the supply chain, integrating the low- cost automation and digitization programs across all our manufacturing operations, and optimizing inventory and logistics planning. These initiatives are aimed at strengthening the structural resilience across the business and form the foundation of our established and growing presence in the auto components industry. We continue to build on our strong leadership in legacy products, while steadily scaling our powertrain agnostic businesses, which of course enhances the future readiness of our portfolio. In the legacy business, we achieved a key milestone during the quarter with the successful completion of the acquisition of the piston manufacturing plant and machinery from Sunbeam Lightweighting Solutions Limited. This acquisition strengthens our piston manufacturing capacity and also enables us to meet the growing demand for all our products. I am happy to state that we are continuing to win new programs for hybrid and flex-fuel applications from all our customers in the legacy business. The integration of the recently acquired automotive interiors and lighting businesses progressed very well during the quarter. These businesses continued to deliver a strong performance, reinforcing the strategic rationale for the acquisition. We remain focused on aligning the operating processes, leveraging cross-selling opportunities, and unlocking cost and operational synergies across the group. Post our acquisition, the auto interior business has also won some very important customer programs to fuel the future growth of this segment. The electric motor and controller business has been continuously exceeding all the targets that we set for the businesses at the beginning of this year. Also, the high precision injection molded components business has also witnessed a very significant growth during the quarter. We also continued to make a very steady progress on all our group-wide capacity expansion programs. These investments are designed to support customer programs, enhance capacity availability, and create a stronger platform for future growth across all our products. All our businesses, including the legacy engine components business, the automotive interiors lighting, the high precision injection molded components, and the EV motors and controllers, continued to perform very well during the quarter. The powertrain agnostic businesses now contribute over 35% of our consolidated total income, while nearly 60% of the overall business is positioned to remain relatively insulated from the impact of EV penetrati [Showing first 8,000 characters — download PDF for full document]