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-Apr-2024
Date of end of financial year	31-Mar-2025
Date of board meeting when results were approved	07-May-2025
Date on which prior intimation of the meeting for considering financial results was informed to the exchange	01-May-2025
Description of presentation currency	INR (in Actuals)
Reporting Type	Quarterly
Reporting Quarter	Fourth quarter
Nature of report standalone or consolidated	Standalone
Whether results are audited or unaudited for the quarter ended	Audited
Whether results are audited or unaudited for the Year to date for current period ended/year ended	Audited
Segment Reporting	Single segment
Description of single segment	Automotive Segment
Start date and time of board meeting	07-May-2025   16:30:00
End date and time of board meeting	07-May-2025   17:45:00
Whether cash flow statement is applicable on company	Yes
Type of cash flow statement	Cash Flow Indirect
Declaration of unmodified opinion or statement on impact of audit qualification	Declaration of unmodified opinion
Whether the company has any related party?	Yes
Whether the company has entered into any Related Party transaction during the selected half year for which it wants to submit disclosure?	Yes
(I) We declare that the acceptance of fixed deposits by the bans/Non-Banking Finance Company are at the terms uniformly applicable/offered to all shareholders/public	NA
(II) We declare that the scheduled commercial bank, as per RBI circular RBI/DBR/2015-16/19 dated March 03, 2016, has allowed additional interest of one per cent per annum, over and above the rate of interest mentioned in the schedule of interest rates on savings or a term deposits of banks staff and their exclusive associations as well as on deposits of Chairman, Chairman & Managing Director, Executive Director or such other Executives appointed for a fixed tenure.	NA
Whether the company is a high value debt listed entity according to regulation 15 (1A)?	No
(a) If answer to above question is Yes, whether complying with proviso to regulation 23 (9), i.e., submitting RPT disclosures on the day of results publication?
(b) If answer to above question is No, please explain the reason for not complying.
Whether the updated Related Party Transactions (RPT) Policy (in compliance with Reg. 23 of SEBI LODR) has been uploaded on the website of the Company?	Yes
Latest Date on which RPT policy is updated	2025-03-25
Indicate Company website link for updated RPT policy of the Company	https://shrirampistons.com/wp-content/uploads/2025/05/POLICY-ON-RELATED-PARTY-TRANSACTIONS.pdf
Whether statement on deviation or variation for proceeds of public issue, rights issue, preferential issue, qualified institutions placement etc. is applicable to the company for the current quarter?	No
No. of times funds raised during the quarter
Whether the disclosure for the Default on Loans and Debt Securities is applicable to the entity?	No
NA

Financial Results Ind-AS
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-Jan-2025	01-Apr-2024
B	Date of end of reporting period	31-Mar-2025	31-Mar-2025
C	Whether results are audited or unaudited	Audited	Audited
D	Nature of report standalone or consolidated	Standalone	Standalone
Part I	Blue color marked fields are non-mandatory. For Consolidated Results, if the company has no figures for 3 months / 6 months ended, in such case zero shall be inserted in the said column.
1	Income
	Revenue from operations	8547800000	31795100000
	Other income	238600000	1032000000
	Total income	8786400000	32827100000
2	Expenses
(a)	Cost of materials consumed	3206100000	12083700000
(b)	Purchases of stock-in-trade	257000000	858600000
(c)	Changes in inventories of finished goods, work-in-progress and stock-in-trade	50500000	-365100000
(d)	Employee benefit expense	1199200000	4776400000
(e)	Finance costs	60000000	248200000
(f)	Depreciation, depletion and amortisation expense	222000000	865300000
(f)	Other Expenses
1	Other Expenses	1934100000	7680100000
	Total other expenses	1934100000	7680100000
	Total expenses	6928900000	26147200000
3	Total profit before exceptional items and tax	1857500000	6679900000
4	Exceptional items	0	0
5	Total profit before tax	1857500000	6679900000
6	Tax expense
7	Current tax	478800000	1707800000
8	Deferred tax	-6300000	-5900000
9	Total tax expenses	472500000	1701900000
10	Net movement in regulatory deferral account balances related to profit or loss and the related deferred tax movement	0	0
11	Net Profit Loss for the period from continuing operations	1385000000	4978000000
12	Profit (loss) from discontinued operations before tax	0	0
13	Tax expense of discontinued operations	0	0
14	Net profit (loss) from discontinued operation after tax	0	0
15	Share of profit (loss) of associates and joint ventures accounted for using equity method	0	0
16	Total profit (loss) for period	1385000000	4978000000
17	Other comprehensive income net of taxes	23300000	54700000
18	Total Comprehensive Income for the period	1408300000	5032700000
19	Total profit or loss, attributable to
	Profit or loss, attributable to owners of parent
	Total profit or loss, attributable to non-controlling interests
20	Total Comprehensive income for the period attributable to
	Comprehensive income for the period attributable to owners of parent
	Total comprehensive income for the period attributable to owners of parent non-controlling interests
21	Details of equity share capital
	Paid-up equity share capital	440500000	440500000
	Face value of equity share capital	10	10
27	Details of debt securities
22	Reserves excluding revaluation reserve		23553100000
23	Earnings per share
i	Earnings per equity share for continuing operations
	Basic earnings (loss) per share from continuing operations	31.44	113.01
	Diluted earnings (loss) per share from continuing operations	31.44	113.01
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	31.44	113.01
	Diluted earnings (loss) per share from continuing and discontinued operations	31.44	113.01
24	Debt equity ratio	0.0012	0.0012
25	Debt service coverage ratio	0.1178	0.1178
26	Interest service coverage ratio	0.2821	0.2821
27	Disclosure of notes on financial results		1The Company deals primarily in automotive component segment n n2The 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. n n3BSE Ltd vide its Notice No. 20250131-51 dated January 31 2025 has notified that the Companys 44049824 equity shares face value of Rs.10 each fully paid-up, will be listed and admitted for trading on BSE w.e.f. Tuesday February 04 2025 under the scrip code 544344. n n4The Company has infused Rs. 23,000 lacs on December 19 2024 and Rs. 2000 lacs on March 04 2025 by way of subscription to equity share capital in SPR Engenious Limited, its wholly-owned subsidiary. n n5On March 072025, the Company has entered into a Share Purchase Agreement with existing shareholders of Karna Intertech Private Limited Karna to acquire 100% equity stake in Karna. Accordingly, the Company has acquired 100% equity shareholding in Karna on April 01 2025 and Karna has become a wholly owned subsidiary of the Company. n n6The figures for the quarter ended March 31 2025 and March 31 2024 are balancing figures between audited figures in respect of full financial years and the unaudited published year to date figures up to the third quarter ended for respective financial years. n n7Figures of previous periods have been regrouped, wherever necessary, to correspond with the figures of the current period. Further the impact of such reclassifications is not material to the Company. n n8The above results were reviewed and recommended by Audit Committee in its meeting held on May 07 2025 and taken on record by Board of Directors in its meeting held on May 07 2025.

Remarks
Debt equity ratio
Debt service coverage ratio	Debt service coverage ratio is 0.1178 times
Interest service coverage ratio	Interest service coverage ratio is 0.2821 times

Statement of Asset and Liabilities
Particulars		Year ended (dd-mm-yyyy)
Date of start of reporting period		01-Apr-2024
Date of end of reporting period		31-Mar-2025
Whether results are audited or unaudited		Audited
Nature of report standalone or consolidated		Standalone
	Assets
1	Non-current assets
	Property, plant and equipment	5249300000
	Capital work-in-progress	61200000
	Investment property
	Goodwill	14900000
	Other intangible assets	162400000
	Intangible assets under development
	Biological assets other than bearer plants
	Investments accounted for using equity method
	Non-current financial assets
	Non-current investments	6131000000
	Trade receivables, non-current
	Loans, non-current	120000000
	Other non-current financial assets	1788100000
	Total non-current financial assets	8039100000
	Deferred tax assets (net)
	Other non-current assets	143400000
	Total non-current assets	13670300000
2	Current assets
	Inventories	4200400000
	Current financial asset
	Current investments	0
	Trade receivables, current	5127100000
	Cash and cash equivalents	277900000
	Bank balance other than cash and cash equivalents	9410600000
	Loans, current	30000000
	Other current financial assets	458900000
	Total current financial assets	15304500000
	Current tax assets (net)
	Other current assets	696800000
	Total current assets	20201700000
3	Non-current assets classified as held for sale
4	Regulatory deferral account debit balances and related deferred tax Assets
	Total assets	33872000000
	Equity and liabilities
1	Equity
	Equity attributable to owners of parent
	Equity share capital	440500000
	Other equity	23650400000
	Total equity attributable to owners of parent	24090900000
	Non controlling interest
	Total equity	24090900000
2	Liabilities
	Non-current liabilities
	Non-current financial liabilities
	Borrowings, non-current	767400000
	Trade payables, non-current
	(A) Total outstanding dues of micro enterprises and small enterprises
	(B) Total outstanding dues of creditors other than micro enterprises and small enterprises
	Total Trade payable
	Other non-current financial liabilities	231000000
	Total non-current financial liabilities	998400000
	Provisions, non-current	324800000
	Deferred tax liabilities (net)	252600000
	Deferred government grants, Non-current
	Other non-current liabilities
	Total non-current liabilities	1575800000
	Current liabilities
	Current financial liabilities
	Borrowings, current	2790900000
	Trade payables, current
	(A) Total outstanding dues of micro enterprises and small enterprises	150400000
	(B) Total outstanding dues of creditors other than micro enterprises and small enterprises	3526600000
	Total Trade payable	3677000000
	Other current financial liabilities	1063500000
	Total current financial liabilities	7531400000
	Other current liabilities	409600000
	Provisions, current	160100000
	Current tax liabilities (Net)	104200000
	Deferred government grants, Current
	Total current liabilities	8205300000
3	Liabilities directly associated with assets in disposal group classified as held for sale
4	Regulatory deferral account credit balances and related deferred tax liability
	Total liabilities	9781100000
	Total equity and liabilites	33872000000
	Disclosure of notes on assets and liabilities

Format for Reporting Segmenet wise Revenue, Results and Capital Employed along with the company results
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-Jan-2025	01-Apr-2024
Date of end of reporting period		31-Mar-2025	31-Mar-2025
Whether accounts are audited or unaudited		Audited	Audited
Nature of report standalone or consolidated		Standalone	Standalone
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
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-Jan-2025	01-Apr-2024
B	Date of end of reporting period	31-Mar-2025	31-Mar-2025
C	Whether results are audited or unaudited	Audited	Audited
D	Nature of report standalone or consolidated	Standalone	Standalone
	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	22500000	62900000
	Total Amount of items that will not be reclassified to profit and loss	22500000	62900000
2	Income tax relating to items that will not be reclassified to profit or loss	5600000	15800000
3	Amount of items that will be reclassified to profit and loss
1	Fair value change of cash flow hedge	8600000	10200000
	Total Amount of items that will be reclassified to profit and loss	8600000	10200000
4	Income tax relating to items that will be reclassified to profit or loss	2200000	2600000
5	Total Other comprehensive income	23300000	54700000

Cash flow statement, indirect
Particulars				Year ended (dd-mm-yyyy)
A	Date of start of reporting period			2024-04-01
B	Date of end of reporting period			2025-03-31
C	Whether results are audited or unaudited			Audited
D	Nature of report standalone or consolidated			Standalone
Part I	Blue color marked fields are non-mandatory.
	Statement of cash flows
	Cash flows from used in operating activities
	Profit before tax			6679900000
	Adjustments for reconcile profit (loss)
	Adjustments for finance costs			248200000
	Adjustments for decrease (increase) in inventories			-664100000
	Adjustments for decrease (increase) in trade receivables, current			-687400000
	Adjustments for decrease (increase) in trade receivables, non-current			0
	Adjustments for decrease (increase) in other current assets			0
	Adjustments for decrease (increase) in other non-current assets			-39000000
	Adjustments for other financial assets, non-current			-174000000
	Adjustments for other financial assets, current			0
	Adjustments for other bank balances			0
	Adjustments for increase (decrease) in trade payables, current			407100000
	Adjustments for increase (decrease) in trade payables, non-current			0
	Adjustments for increase (decrease) in other current liabilities			107400000
	Adjustments for increase (decrease) in other non-current liabilities			0
	Adjustments for depreciation and amortisation expense			865300000
	Adjustments for impairment loss reversal of impairment loss recognised in profit or loss			0
	Adjustments for provisions, current			0
	Adjustments for provisions, non-current			0
	Adjustments for other financial liabilities, current			0
	Adjustments for other financial liabilities, non-current			-19600000
	Adjustments for unrealised foreign exchange losses gains			-20300000
	Adjustments for dividend income			0
	Adjustments for interest income			776900000
	Adjustments for share-based payments			0
	Adjustments for fair value losses (gains)			-30900000
	Adjustments for undistributed profits of associates			0
	Other adjustments for which cash effects are investing or financing cash flow			0
	Other adjustments to reconcile profit (loss)			-14300000
	Other adjustments for non-cash items			0
	Share of profit and loss from partnership firm or association of persons or limited liability partnerships			0
	Total adjustments for reconcile profit (loss)			-798500000
	Net cash flows from (used in) operations			5881400000
	Dividends received			0
	Interest paid			0
	Interest received			0
	Income taxes paid (refund)			1687500000
	Other inflows (outflows) of cash			0
	Net cash flows from (used in) operating activities			4193900000
	Cash flows from used in investing activities
	Cash flows from losing control of subsidiaries or other businesses			0
	Cash flows used in obtaining control of subsidiaries or other businesses			2500000000
	Other cash receipts from sales of equity or debt instruments of other entities			0
	Other cash payments to acquire equity or debt instruments of other entities			52000000
	Other cash receipts from sales of interests in joint ventures			0
	Other cash payments to acquire interests in joint ventures			0
	Cash receipts from share of profits of partnership firm or association of persons or limited liability partnerships			0
	Cash payment for investment in partnership firm or association of persons or limited liability partnerships			0
	Proceeds from sales of property, plant and equipment			60200000
	Purchase of property, plant and equipment			728600000
	Proceeds from sales of investment property			0
	Purchase of investment property			0
	Proceeds from sales of intangible assets			0
	Purchase of intangible assets			14900000
	Proceeds from sales of intangible assets under development			0
	Purchase of intangible assets under development			0
	Proceeds from sales of goodwill			0
	Purchase of goodwill			0
	Proceeds from biological assets other than bearer plants			0
	Purchase of biological assets other than bearer plants			0
	Proceeds from government grants			0
	Proceeds from sales of other long-term assets			0
	Purchase of other long-term assets			0
	Cash advances and loans made to other parties			0
	Cash receipts from repayment of advances and loans made to other parties			0
	Cash payments for future contracts, forward contracts, option contracts and swap contracts			0
	Cash receipts from future contracts, forward contracts, option contracts and swap contracts			0
	Dividends received			0
	Interest received			703400000
	Income taxes paid (refund)			0
	Other inflows (outflows) of cash			-1116200000
	Net cash flows from (used in) investing activities	-3648100000
	Cash flows from used in financing activities
	Proceeds from changes in ownership interests in subsidiaries			0
	Payments from changes in ownership interests in subsidiaries			0
	Proceeds from issuing shares			0
	Proceeds from issuing other equity instruments			0
	Payments to acquire or redeem entity's shares			0
	Payments of other equity instruments			0
	Proceeds from exercise of stock options			0
	Proceeds from issuing debentures notes bonds etc			0
	Proceeds from borrowings			596400000
	Repayments of borrowings			274500000
	Payments of lease liabilities			58000000
	Dividends paid			440500000
	Interest paid			221100000
	Income taxes paid (refund)			0
	Other inflows (outflows) of cash			-176800000
	Net cash flows from (used in) financing activities			-574500000
	Net increase (decrease) in cash and cash equivalents before effect of exchange rate changes			-28700000
	Effect of exchange rate changes on cash and cash equivalents
	Effect of exchange rate changes on cash and cash equivalents			0
	Net increase (decrease) in cash and cash equivalents			-28700000
	Cash and cash equivalents cash flow statement at beginning of period			306600000
	Cash and cash equivalents cash flow statement at end of period			277900000