SPR Auto Technologies (SHRIPISTON) Q2 25/26 earnings summary

Executive summary

• Consolidated total income grew 14.9% year-over-year in H1 FY26, reaching Rs. 20,344 million, with Q2 income at Rs. 10,427 million, up 15% year-over-year.

• PAT for H1 FY26 was Rs. 2,770 million, up 14% year-over-year, and Q2 PAT reached Rs. 1,421 million, up 12.9% year-over-year.

• EBITDA margin remained strong at 22.5% for H1 FY26 and 22.4% for Q2 FY26, with PAT margin at 13.6%.

• Outperformed end markets across all segments, driven by process efficiency, cost optimization, and new business wins.

• International operations remained resilient, leveraging market diversification and product localization across 45+ countries.

Financial highlights

• Standalone total income for H1 FY26 was Rs. 17,601 million, up 9.4% year-over-year; Q2FY26 was Rs. 8,979 million, up 9.1%.

• Standalone PAT for H1 FY26 was Rs. 2,637 million, up 10.4% year-over-year; Q2FY26 PAT was Rs. 1,339 million, up 7.4%.

• Standalone and consolidated EBITDA margins were above 22% in H1 and Q2 FY26.

• Net working capital cycle improved to 54 days in FY25 from 58 days in FY24.

• Company remains net-debt free with a debt-to-equity ratio of 0.11 in FY25.

Outlook and guidance

• Expectation to maintain current growth and margin rates, with optimism for steady growth across key vehicle segments in H2 FY26.

• Plans to double profits in three to four years, supported by ongoing programs and market trends.

• Diversified presence across ICE, EV, and high-precision plastic engineering positions the company for sustained growth.

• Focus on capital efficiency, operational excellence, and backward integration to drive future profitability.

• Delayed EV penetration provides continued opportunities in ICE and hybrid segments.