SPR Auto Technologies News, Corporate filings and Earnings/Conference Calls

Auto Parts & Equipment company SPR Auto Technologies announced Q1FY27 results Standalone Financial Results: Revenue from operations for Q1FY27 stood at Rs 9,416 million, representing a YoY increase of 12.69% from Rs 8,356 million in Q1FY26 and a QoQ decrease of 1.18% from Rs 9,528 million in Q4FY26. Total income for the quarter was reported at Rs 9,627 million, reflecting a YoY growth of 11.66% compared to Rs 8,622 million in Q1FY26 and a marginal QoQ decline of 0.75% from Rs 9,700 million in Q4FY26. Profit before tax (PBT) for Q1FY27 was Rs 1,507 million, a YoY decrease of 13.54% over Rs 1,743 million in Q1FY26 and a QoQ decrease of 13.24% from Rs 1,737 million in Q4FY26. Net profit (Profit for the period) stood at Rs 1,119 million in Q1FY27, marking a YoY decline of 13.79% against Rs 1,298 million in Q1FY26 and a QoQ decrease of 17.17% compared to Rs 1,351 million in Q4FY26. The standalone Net Worth of the company reached Rs 29,694 million as of June 30, 2026. Consolidated Financial Results: Consolidated revenue from operations for Q1FY27 reached Rs 14,744 million, showing a significant YoY increase of 53.06% from Rs 9,633 million in Q1FY26 and a QoQ increase of 1.28% from Rs 14,558 million in Q4FY26. Consolidated total income for the quarter was Rs 14,992 million, up 51.17% YoY from Rs 9,917 million in Q1FY26 and up 1.25% QoQ from Rs 14,807 million in Q4FY26. Consolidated profit before tax (PBT) for Q1FY27 was reported at Rs 1,952 million, up 6.67% YoY from Rs 1,830 million in Q1FY26, while recording a QoQ decrease of 5.38% from Rs 2,063 million in Q4FY26. Consolidated net profit (Profit for the period) for Q1FY27 was Rs 1,477 million, reflecting a YoY growth of 9.49% compared to Rs 1,349 million in Q1FY26 and a QoQ decrease of 7.17% against Rs 1,591 million in Q4FY26. Earnings per equity share (Basic) for Q1FY27 stood at Rs 32.78, compared to Rs 30.35 in Q1FY26. Business Highlights: Acquisitions: The company successfully utilized funds from previous Non-Convertible Debentures (NCDs) for refinancing debt availed for the 100% stake acquisition in three Indian entities: SPR Auto Interior Lighting Solutions Private Limited, SPR Auto Interior Solutions Private Limited, and SPR Auto Interior Solutions Chakan Private Limited. Fund Raising: Pursuant to shareholder approval on July 27, 2026, the Board is authorized to raise funds not exceeding Rs 10,000 million via Qualified Institutions Placement (QIP) for repayment of borrowings and general corporate purposes. Management Changes: Mr. Arun Kumar Shukla was appointed as an Additional Director and designated as a Whole-time Director for a term of five years effective August 4, 2026. Ms. Nidhi Kandwal was appointed as the Compliance Officer of the company effective August 4, 2026. Debt Ratios: As of June 30, 2026, the consolidated Debt-Equity ratio stood at 0.58 times, and the Interest Service Coverage ratio was 8.26 times. Asset Quality: The bad debts to accounts receivable ratio for the consolidated entity was 0.03% for the quarter ended June 30, 2026. Security Cover: The security coverage ratio on secured non-convertible debentures (NCDs) was 1.23 times as of June 30, 2026. Krishnakumar Srinivasan, Managing Director & CEO, said: “I am pleased to share that SPR Auto Technologies has commenced FY27 on a strong and encouraging note, sustaining the growth momentum witnessed over the past few quarters. The Company delivered this strong performance despite an adverse industry environment during the quarter, marked by heightened geopolitical tensions, supply-chain disruptions, increasing raw material costs, and broader macroeconomic uncertainties. In spite of these headwinds, the Indian automotive industry remained resilient, recording double-digit domestic sales growth in Q1FY27. During the quarter, the Company has delivered a strong performance, notwithstanding the external issues faced by the industry. Consolidated Total Income grew by 51% YoY in Q1FY27, while Consolidated EBITDA increased by 27% YoY, highlighting the strength of SPR’s diversified business model and the effectiveness of our disciplined execution strategies. SPR continues to reinforce its market leadership in legacy products, while gaining steady traction in its powertrain-agnostic businesses, underpinned by deep-rooted customer relationships, operational excellence and a focused strategic approach. The company has also maintained its leading position in the exports market, driven by increased penetration in newer segments and geographies. The Company is also progressing well with the integration of its recently acquired Auto Interior Solutions & Lighting businesses, implementing key processes to drive operational synergies and support long-term value creation. During the quarter, the Company continued to advance its capacity expansion plans by completing the acquisition of the piston manufacturing lines from Sunbeam Lightweighting Solutions Pvt. Ltd. This strategic acquisition is expected to augment SPR’s piston manufacturing capacity, enhance operational efficiency, and further strengthen its legacy business. Looking ahead, we remain optimistic about SPR’s growth prospects, supported by a resilient core business, expanding powertrain-agnostic portfolio, and continued focus on operational excellence. With a focused approach to execution and a future-ready business model, we are confident of sustaining our growth momentum and creating long-term value for all stakeholders.” Result PDF

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SPR Auto Technologies News, Corporate filings and Earnings/Conference Calls

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