Integrated Filing — IndAS



General information about company

Scrip Code 544344
NSE Symbol SHRIPISTON
MSEI Symbol NOTLISTED
ISIN INE526E01018
Name of company SHRIRAM PISTONS & RINGS LIMITED
Type of company Main Board
Class of security Equity
Date of start of financial year 01-04-2025
Date of end of financial year 31-03-2026
Date of board meeting when results were approved 02-02-2026
Date on which prior intimation of the meeting for considering financial results was informed to the exchange 24-01-2026
Description of presentation currency INR
Level of rounding used in financial results Lakhs
Reporting Type Quarterly
Reporting Quarter Third quarter
Nature of report standalone or consolidated Consolidated
Whether results are audited or unaudited for the quarter ended Unaudited
Whether results are audited or unaudited for the Year to date for current period ended/year ended Unaudited
Segment Reporting Single segment
Description of single segment AUTOMOTIVE COMPONENT
Start date and time of board meeting 02-02-2026   16:15:00
End date and time of board meeting 02-02-2026   17:05:00
Whether cash flow statement is applicable on company
Type of cash flow statement
Declaration of unmodified opinion or statement on impact of audit qualification Not applicable



Financial Results Ind-AS

Amount in (Lakhs)

Particulars 3 months/ 6 months ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
A Date of start of reporting period 01-10-2025 01-04-2025
B Date of end of reporting period 31-12-2025 31-12-2025
C Whether results are audited or unaudited Unaudited Unaudited
D Nature of report standalone or consolidated Consolidated Consolidated
1 Income
Revenue from operations 1,02,320.00 3,00,290.00
Other income 3,310.00 8,760.00
Total income 1,05,630.00 3,09,050.00
2 Expenses
(a) Cost of materials consumed 44,710.00 1,27,760.00
(b) Purchases of stock-in-trade 1,970.00 6,190.00
(c) Changes in inventories of finished goods, work-in-progress and stock-in-trade (1,170.00) (3,170.00)
(d) Employee benefit expense 13,510.00 41,760.00
(e) Finance costs 1,170.00 2,920.00
(f) Depreciation, depletion and amortisation expense 3,280.00 9,690.00
(f) Other Expenses
1 Other Expenses 22,720.00 66,940.00
Total other expenses 22,720.00 66,940.00
Total expenses 86,190.00 2,52,090.00
3 Total profit before exceptional items and tax 19,440.00 56,960.00
4 Exceptional items (2,520.00) (2,520.00)
5 Total profit before tax 16,920.00 54,440.00
6 Tax expense
7 Current tax 4,390.00 14,090.00
8 Deferred tax (40.00) 100.00
9 Total tax expenses 4,350.00 14,190.00
10 Net movement in regulatory deferral account balances related to profit or loss and the related deferred tax movement 0.00 0.00
11 Net Profit Loss for the period from continuing operations 12,570.00 40,250.00
12 Profit (loss) from discontinued operations before tax 0.00 0.00
13 Tax expense of discontinued operations 0.00 0.00
14 Net profit (loss) from discontinued operation after tax 0.00 0.00
15 Share of profit (loss) of associates and joint ventures accounted for using equity method 0.00 0.00
16 Total profit (loss) for period 12,570.00 40,250.00
17 Other comprehensive income net of taxes 110.00 (230.00)
18 Total Comprehensive Income for the period 12,680.00 40,020.00
19 Total profit or loss, attributable to
Profit or loss, attributable to owners of parent 12,300.00 39,650.00
Total profit or loss, attributable to non-controlling interests 270.00 600.00
20 Total Comprehensive income for the period attributable to
Comprehensive income for the period attributable to owners of parent 12,410.00 39,410.00
Total comprehensive income for the period attributable to owners of parent non-controlling interests 270.00 610.00
21 Details of equity share capital
Paid-up equity share capital 4,400.00 4,400.00
Face value of equity share capital 10 10
27 Details of debt securities
22 Reserves excluding revaluation reserve
23 Earnings per share
i Earnings per equity share for continuing operations
Basic earnings (loss) per share from continuing operations 27.93 90.01
Diluted earnings (loss) per share from continuing operations 27.93 90.01
ii Earnings per equity share for discontinued operations
Basic earnings (loss) per share from discontinued operations 0 0
Diluted earnings (loss) per share from discontinued operations 0 0
ii Earnings per equity share
Basic earnings (loss) per share from continuing and discontinued operations 27.93 90.01
Diluted earnings (loss) per share from continuing and discontinued operations 27.93 90.01
24 Debt equity ratio 0.6300 0.6300
25 Debt service coverage ratio 9.100 10.9900
26 Interest service coverage ratio 20.5300 27.9800
27 Disclosure of notes on financial results Textual Information(1)



Disclosure of notes on financial results

Textual Information(1) 1. The Group deals primarily in automotive component segment. 2. The above results have been prepared in accordance with the recognition and measurement principles laid down in the Indian Accounting Standard referred to as IND AS 34 Interim Financial reporting prescribed under Section 133 of the Companies Act, 2013 read with the relevant rules made thereunder. 3. The Government of India has notified the Code on Wages, 2019, the Industrial Relations Code, 2020, the Code on Social Security, 2020 and the Occupational Safety, Health, and Working Conditions Code, 2020 which is Labour Codes with effect from November 21, 2025 which consolidates 29 existing labour laws. Based on the draft rules and FAQs issued by the ministry of labour and employment and best available information, the Group has estimated the financial implications thereof and has made an additional provision of Rs. 252 millions in the quarter and nine months ended December 31, 2025. Considering the materiality, regulatory driven and non recurring nature of the impact, the Group has presented such incremental impact under exceptional item. The Group continues to monitor the finalisation of central / state rules and other developments pertaining to labour codes and would provide appropriate accounting effect on the basis of such developments, if any. 4. The Board of Directors of the Holding Company, at its meeting held on November 24, 2025, approved the acquisition of 100% equity shares of Antolin Lighting India Private Limited (ALIPL) and Grupo Antolin India Private Limited (GAIPL) along with Grupo Antolin Chakan Private Limited (GACPL), the subsidiary of GAIPL. A Share Purchase Agreement was executed on December 5, 2025. The acquisition was completed on January 8, 2026, resulting in the Holding Company acquiring 100 percent of ALIPL, 100 percent of GAIPL and 99.99 percent of GACPL. Consequently, ALIPL and GAIPL became wholly owned subsidiaries with GAIPL also classified as an unlisted material subsidiary, and GACPL became a step down subsidiary of the Holding Company. 5. The Holding Company has entered into an Asset Purchase Agreement on December 19, 2025, with Sunbeam Lightweighting Solutions Private Limited for the purchase of identified plant, machinery, and related piston line assets for Rs. 280.00 millions. 6. The Holding Company has issued and allotted Commercial Papers amounting to Rs. 10,000.00 millions on December 24, 2025, on a private placement basis. These Commercial Papers are listed on National Stock Exchange of India Limited, have a tenure of 62 days, and will mature on February 24, 2026. 7. The Holding Company has approved the payment of interim dividend at 50 percent i.e. Rs. 5 on each equity share of the nominal value of Rs. 10 each for the financial year ending March 31, 2026. The record date for the purpose of payment of interim dividend is fixed as February 06, 2026. 8. SPR TGPEL Precision Engineering Limited and Karna Intertech Private Limited were acquired on December 24, 2024 and April 01, 2025 respectively. Hence, the financial results for the quarter / period ended December 31, 2025 is not comparable with corresponding period of previous year. 9. The above results were reviewed and recommended by Audit Committee in its meeting held on February 02, 2026 and taken on record by Board of Directors of the Holding Company in its meeting held on February 02, 2026.



Remarks

Debt equity ratio In times
Debt service coverage ratio In times
Interest service coverage ratio In times


Format for Reporting Segment wise Revenue, Results and Capital Employed along with the company results

Amount in (Lakhs)

Particulars 3 months/ 6 month ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
Date of start of reporting period 01-10-2025 01-04-2025
Date of end of reporting period 31-12-2025 31-12-2025
Whether results are audited or unaudited Unaudited Unaudited
Nature of report standalone or consolidated Consolidated Consolidated
1 Segment Revenue (Income)
(net sale/income from each segment should be disclosed)
Total Segment Revenue
Less: Inter segment revenue
Revenue from operations
2 Segment Result
Profit (+) / Loss (-) before tax and interest from each segment
Total Profit before tax
i. Finance cost
ii. Other Unallocable Expenditure net off Unallocable income
Profit before tax
3 (Segment Asset - Segment Liabilities)
Segment Asset
Total Segment Asset
Un-allocable Assets null null
Net Segment Asset null null
4 Segment Liabilities
Segment Liabilities
Total Segment Liabilities
Un-allocable Liabilities null null
Net Segment Liabilities null null
Disclosure of notes on segments



Other Comprehensive Income

Amount in (Lakhs)

Particulars 3 months/ 6 months ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
A Date of start of reporting period 01-10-2025 01-04-2025
B Date of end of reporting period 31-12-2025 31-12-2025
C Whether results are audited or unaudited Unaudited Unaudited
D Nature of report standalone or consolidated Consolidated Consolidated
Other comprehensive income [Abstract]
1 Amount of items that will not be reclassified to profit and loss
1 Remeasurements of the post employment defined benefit plans (50.00) 40.00
Total Amount of items that will not be reclassified to profit and loss (50.00) 40.00
2 Income tax relating to items that will not be reclassified to profit or loss (10.00) 10.00
3 Amount of items that will be reclassified to profit and loss
1 Fair value change of cash flow hedge 190.00 (360.00)
Total Amount of items that will be reclassified to profit and loss 190.00 (360.00)
4 Income tax relating to items that will be reclassified to profit or loss 40.00 (100.00)
5 Total Other comprehensive income 110.00 (230.00)