Results - Analysis
NP up 15.76%
On consolidated basis
Quarter ended June 2025 compared with Quarter ended June 2024.
Net sales (including other operating income) of Shriram Pistons & Rings has increased 15.08% to Rs 963.3 crore. Operating profit margin has jumped from 19.76% to 20.25%, leading to 17.96% rise in operating profit to Rs 195.10 crore. Raw material cost as a % of total sales (net of stock adjustments) increased from 38.49% to 41.49%. Purchase of finished goods cost fell from 2.49% to 2.10%. Employee cost decreased from 15.51% to 14.41%. Other expenses fell from 23.62% to 22.25%.
Other income rose 7.98% to Rs 28.4 crore. PBIDT rose 16.59% to Rs 223.5 crore. Provision for interest rose 4.65% to Rs 9 crore.
PBDT rose 17.15% to Rs 214.5 crore. Provision for depreciation rose 6.78% to Rs 31.5 crore.
Profit before tax grew 19.14% to Rs 183.00 crore. Share of profit/loss were nil in both the periods. Provision for tax was expense of Rs 48.1 crore, compared to Rs 36.4 crore. Effective tax rate was 26.28% compared to 23.70%.
Minority interest decreased 29.41% to Rs 1.20 crore. Net profit attributable to owners of the company increased 15.76% to Rs 133.70 crore.Promoters' stake was 43.75% as of 30 June 2025 ,compared to 46.75% as of 30 June 2024 .
Full year results analysis.
Net sales (including other operating income) of Shriram Pistons & Rings has increased 14.91% to Rs 3549.8 crore. Operating profit margin has declined from 20.78% to 20.40%, leading to 12.80% rise in operating profit to Rs 724.20 crore. Raw material cost as a % of total sales (net of stock adjustments) increased from 37.68% to 40.07%. Purchase of finished goods cost fell from 2.83% to 2.40%. Employee cost decreased from 14.84% to 14.34%. Other expenses fell from 23.91% to 22.99%.
Other income rose 30.64% to Rs 111.4 crore. PBIDT rose 14.89% to Rs 835.6 crore. Provision for interest rose 12.61% to Rs 34.3 crore. Loan funds rose to Rs 507.78 crore as of 31 March 2025 from Rs 486.60 crore as of 31 March 2024. Inventories rose to Rs 472.32 crore as of 31 March 2025 from Rs 391.05 crore as of 31 March 2024. Sundry debtors were higher at Rs 583.72 crore as of 31 March 2025 compared to Rs 476.05 crore as of 31 March 2024. Cash and bank balance rose to Rs 1,051.59 crore as of 31 March 2025 from Rs 861.97 crore as of 31 March 2024. Investments declined from Rs 114.54 crore as of 31 March 2024 to Rs 36.32 crore as of 31 March 2025.
PBDT rose 14.99% to Rs 801.3 crore. Provision for depreciation rose 11.13% to Rs 119.7 crore. Fixed assets increased to Rs 1,019.85 crore as of 31 March 2025 from Rs 918.80 crore as of 31 March 2024. Intangible assets increased from Rs 46.62 crore to Rs 241.21 crore.
Profit before tax grew 15.70% to Rs 681.60 crore. Share of profit/loss were nil in both the periods. Provision for tax was expense of Rs 166.1 crore, compared to Rs 150.47 crore. Effective tax rate was 24.37% compared to 25.54%.
Net profit attributable to owners of the company increased 14.47% to Rs 506.60 crore.
Equity capital stood at Rs 44.05 crore as of 31 March 2025 to Rs 44.05 crore as of 31 March 2024. Per share face Value remained same at Rs 10.00.
Promoters' stake was 43.75% as of 31 March 2025 ,compared to 46.75% as of 31 March 2024 .
Cash flow from operating activities decreased to Rs 434.36 crore for year ended March 2025 from Rs 486.73 crore for year ended March 2024. Cash flow used in acquiring fixed assets during the year ended March 2025 stood at Rs 174.23 crore, compared to Rs 146.46 crore during the year ended March 2024.
Management Comments :
Mr. Krishnakumar Srinivasan, Managing Director & CEO, said: 'I am proud to report that our company has started this financial year on a strong note, maintaining its double-digit growth rate across key financial metrics, registering 14.9% YoY growth in Consolidated Total Income and 16.5% YoY growth in Consolidated EBITDA. SPRL`s leadership position, along with its strong relationships with customers, combined with its resilience and strategic focus, has empowered the company to consistently outperform the industry, even in a challenging environment. The first quarter presented significant challenges for the auto industry across all segments. The high volume two-wheeler segment was the most adversely affected, experiencing a decline of 6% in sales volume, while other segments reported relatively flat sales volume. However, a positive factor this quarter was the growth in exports across all segments. Our dedicated focus on efficiency and operational excellence has been pivotal in maintaining our profit margins. In today's evolving landscape, it is essential for us to not only achieve financial success but also to ensure that we operate at the highest levels of efficiency. We have been consistently working on streamlining our processes and embracing innovative practices & initiatives that not only enhance our profitability but ensure that we uphold the superior product quality demanded by our customers. The high-precision injection moulding and the electric motors and controllers' businesses are performing well and providing impetus to our overall growth, and we are excited about the synergies that are emerging across the group, especially between SPR Takahata and SPR TGPEL. Finally, I want to emphasise that technology and R&D, remain the backbone of our company. We are investing strategically in developing components for future mobility solutions, ensuring that we are not only keeping pace with industry trends but also leading the way in innovation.'
| Shriram Pistons & Rings : Consolidated Results | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Powered by Capital Market - Live News