The automotive components manufacturer reports EBITDA of Rs. 19.78 crores with 22.6% margin, while securing strategic expansion through TGFEL Precision Engineering acquisition.
11 Feb 2025 | 1586 Views | By Sarthak Mahajan
Shriram Pistons & Rings Ltd. (SPRL) reported a total income of Rs. 87.51 crores for the third quarter ended December 31st, 2024, marking an 11.5% increase from the same period last year. The company's EBITDA for Q3 reached Rs. 19.78 crores, showing a 9.6% year-over-year growth, while maintaining an EBITDA ...
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Shriram Pistons & Rings Ltd. (SPRL) reported a total income of Rs. 87.51 crores for the third quarter ended December 31st, 2024, marking an 11.5% increase from the same period last year. The company's EBITDA for Q3 reached Rs. 19.78 crores, showing a 9.6% year-over-year growth, while maintaining an EBITDA margin of 22.6%. The quarterly profit after tax stood at Rs. 12.10 crores, up by 12.3% compared to Q3 FY24.
Krishnakumar Srinivasan, Managing Director & CEO, highlighted the company's strong market position: "SPRL has maintained its strong growth pace and registered a consolidated total income growth of 11.5% YoY in Q3FY25 and 15.3% in 9MFY25 YoY. This is a testament to our strong position in the Indian auto industry with dominant presence in OEM market and significant foothold in aftermarkets."
The quarter saw SPRL's strategic expansion through the acquisition of TGFEL Precision Engineering Limited (TGFEL), which operates two manufacturing facilities in Noida, Uttar Pradesh, serving automotive, electrical, consumer goods, and medical segments.
For the nine months of FY25, SPRL's consolidated total income grew 15.3% to Rs. 264.54 crores, with consolidated EBITDA increasing by 13.6% to Rs. 59.79 crores.
In segment performance, while passenger vehicles showed modest growth, the two-wheeler segment achieved robust double-digit growth. SPRL continues to focus on manufacturing pistons, piston pins, piston rings, and engine valves for the automotive sector.
Shriram Pistons & Rings Ltd. (SPRL) operates as a manufacturer in India's automotive components sector, focusing on engine components including pistons, piston rings, piston pins, and engine valves. Based in New Delhi, the company serves both Original Equipment Manufacturer (OEM) and aftermarket segments.
The company's manufacturing facilities produce components that meet industry standards, supplying to automotive manufacturers in domestic and international markets. SPRL recently expanded its operations through the acquisition of TGFEL Precision Engineering Limited, which added manufacturing capabilities in Noida and extended its reach into electrical, consumer goods, and medical segments.
SPRL's performance aligns with developments in India's automotive sector, particularly in the two-wheeler segment. The company maintains its focus on manufacturing processes while adapting to market requirements and industry developments. Its financial metrics, including revenue growth and EBITDA margins, reflect its position in India's automotive component manufacturing sector.
The company operates multiple production facilities, contributing to India's automotive supply chain through its product range. SPRL's operational scope includes serving domestic automotive manufacturers while maintaining presence in replacement markets, positioning it within India's industrial manufacturing landscape.