What was Shriram Pistons's revenue in Q4 FY26?

Shriram Pistons reported revenue of ₹1,456 Cr in Q4 FY26, a +25% change year-over-year.

Did Shriram Pistons management deliver on previous promises?

Scorecard data is being built as historical quarters are processed.

SHRIRAMPISTONSRINGS Diversified 01 May 2026

Shriram Pistons & Rings Ltd — Q4 FY26

Q: What guidance did Shriram Pistons management give?

Capex of ~₹200 crore annually for next 2-3 years: Management expects to maintain similar capex levels as FY26 (~₹200 crore) over the next 2-3 years for capacity expansion across businesses.

SPR Auto Technologies (formerly Shriram Pistons & Rings) reported a record FY26 with consolidated revenue of ₹4,571 crore (+25% YoY) and EBITDA of ₹989 crore (+18% YoY), driven by strong automotive demand across all segments and contributions from the Antol...

Revenue ₹1,456 Cr +25%

EBITDA ₹989 Cr +18%

PAT ₹159 Cr

EBITDA Margin 18% -130bps

Duration 77 min

Read Time 1 min read

✓ Verified against BSE filing

2-Minute Summary

✦ AI-Generated from Full Transcript

SPR Auto Technologies (formerly Shriram Pistons & Rings) reported a record FY26 with consolidated revenue of ₹4,571 crore (+25% YoY) and EBITDA of ₹989 crore (+18% YoY), driven by strong automotive demand across all segments and contributions from the Antolin acquisition (closed Jan 2026). The legacy business grew ~11% YoY, outpacing the market. Power-train-agnostic businesses now contribute 35% of revenue, with 60% of total business not directly impacted by powertrain shifts. Management guided for continued capex of ~₹200 crore annually over the next 2-3 years and aims to improve Antolin's margins from ~10% to near-standalone levels within 3 years via synergies. A ₹1,000 crore QIP is planned for organic and inorganic growth. Key risk: commodity price pass-through has a one-quarter lag, which could temporarily pressure margins if input costs continue rising.

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Commodity price pass-through lag

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Quarter Snapshot

Power-train-agnostic revenue share 35%

+8pp YoY

Share of consolidated total income from powertrain-agnostic businesses in Q4 FY26.

Business not directly impacted by powertrain changes 60%

flat

Proportion of total business not directly affected by ICE-to-EV transition.

Capex investment in FY26 ₹200 crore

flat

Capital expenditure across various business lines during FY26.

Legacy business revenue growth 11%

+11% YoY

Year-over-year growth in standalone legacy business, outpacing overall market growth of 6-7%.

Fast read

Guidance and risk preview

Top guidance Capex of ~₹200 crore annually for next 2-3 years

Management expects to maintain similar capex levels as FY26 (~₹200 crore) over the next 2-3 years for capacity expansion across businesses.

Top risk Commodity price pass-through lag

Commodity price increases (e.g., aluminium up 40%) are passed through to customers but with a one-quarter lag, potentially squeezing margins tempor...

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