Shriram Pistons & Rings Limited (SPRL) announced its un-audited financial results for the quarter and nine months ended December 31, 2025, reporting a robust performance. Consolidated total income grew by 21% year-on-year (YoY) to ₹10,563 million in Q3FY26 and by 17% YoY to ₹30,905 million in 9MFY26. Consolidated EBITDA stood at ₹2,389 million in Q3FY26 and ₹6,957 million in 9MFY26, registering a YoY increase of 21% and 16% respectively. The company achieved its highest-ever total income in a quarter. A significant strategic development during the quarter was the successful completion of the 100% acquisition of Grupo Antolin's three Indian entities – Antolin Lighting India Private Limited, Grupo Antolin India Private Limited, and Grupo Antolin Chakan Private Limited – for an aggregate enterprise value of €159 million (approximately ₹16,700 million) on January 8, 2026. This acquisition expands SPRL's portfolio into automotive interiors and lighting solutions, making powertrain-agnostic products contribute over 35% of consolidated revenue. Additionally, SPRL entered into an Asset Purchase Agreement with Sunbeam Lightweighting Solutions Private Limited to acquire piston manufacturing lines and related assets, enhancing capacities in its legacy business. Mr. Krishnakumar Srinivasan, Managing Director & CEO, highlighted strong broad-based demand across segments, driven by robust festive demand and record production and sales volumes in the automotive industry. Passenger vehicles and commercial vehicles segments saw the highest growth of over 20% YoY. Standalone total income grew by 12.6% to ₹8,960 million in Q3FY26, with EBITDA at ₹2,093 million, up 10.8% YoY. For 9MFY26, standalone total income increased by 10.5% to ₹26,561 million, and EBITDA grew by 9.6% to ₹6,199 million. The company also incurred a non-recurring one-time exceptional expense of ₹252 million (consolidated) and ₹237 million (standalone) pertaining to the statutory impact of the New Labour Code. SPRL remains confident in sustaining its growth momentum, supported by a strong industry outlook, a diversified product portfolio, expanding customer relationships, and disciplined execution.
