SPR Auto Technologies (SHRIPISTON) Q3 25/26 earnings summary

Executive summary

• Achieved record quarterly and nine-month total income in Q3 and 9MFY26, with consolidated total income up 21% YoY for Q3 and 16.8% YoY for 9MFY26, driven by strong demand and record industry production.

• Completed 100% acquisition of Grupo Antolin's three Indian entities, expanding into automotive interiors and lighting, and diversifying the business model.

• Proposed company name change to SPR Auto Technologies Limited to reflect multi-product strategy and diversification, subject to approvals.

• Interim dividend of Rs. 5 per share (50% of face value) declared, with record date set for February 6, 2026.

• Board approved issuance of up to Rs. 10,000 million in secured, rated, listed, redeemable NCDs via private placement.

Financial highlights

• Q3FY26 consolidated total income: Rs. 10,563 million (+20.7% YoY); 9MFY26: Rs. 30,905 million (+16.8% YoY).

• Q3FY26 consolidated EBITDA: Rs. 2,389 million (+20.8% YoY); 9MFY26: Rs. 6,957 million (+16.3% YoY).

• Q3FY26 consolidated PAT: Rs. 1,257 million (+4.0% YoY); 9MFY26: Rs. 4,025 million (+10.6% YoY), impacted by non-recurring statutory expenses.

• Exceptional item of Rs. 252 million (consolidated) due to provision for new labour codes.

• Standalone Q3FY26 total income: Rs. 8,960 million (+12.6% YoY); PAT: Rs. 1,149 million (-4.5% YoY) due to exceptional items.

Outlook and guidance

• Management expects continued strong growth in coming quarters, with all subsidiaries and core businesses performing well.

• Strategic diversification and acquisitions position the company for sustained growth and risk mitigation.

• Subsidiaries now contribute about 35% of overall revenues, with positive growth outlook for plastics, interiors, electronics, and legacy businesses.

• Export growth expected to accelerate, especially to North America, aided by favorable tariffs and new business wins.

• Financial results for the period are not fully comparable to previous periods due to recent acquisitions.