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	Consolidated
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

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	Consolidated	Consolidated
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	9883700000	35498300000
	Other income	274200000	1114000000
	Total income	10157900000	36612300000
2	Expenses
(a)	Cost of materials consumed	3966700000	14360600000
(b)	Purchases of stock-in-trade	257000000	858600000
(c)	Changes in inventories of finished goods, work-in-progress and stock-in-trade	78200000	-342600000
(d)	Employee benefit expense	1324400000	5138200000
(e)	Finance costs	84000000	343500000
(f)	Depreciation, depletion and amortisation expense	282900000	1196800000
(f)	Other Expenses
1	Other Expenses	2154000000	8240600000
	Total other expenses	2154000000	8240600000
	Total expenses	8147200000	29795700000
3	Total profit before exceptional items and tax	2010700000	6816600000
4	Exceptional items	0	0
5	Total profit before tax	2010700000	6816600000
6	Tax expense
7	Current tax	500500000	1730400000
8	Deferred tax	-5200000	-69400000
9	Total tax expenses	495300000	1661000000
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	1515400000	5155600000
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	1515400000	5155600000
17	Other comprehensive income net of taxes	23800000	52600000
18	Total Comprehensive Income for the period	1539200000	5208200000
19	Total profit or loss, attributable to
	Profit or loss, attributable to owners of parent	1465500000	5066800000
	Total profit or loss, attributable to non-controlling interests	49900000	49900000
20	Total Comprehensive income for the period attributable to
	Comprehensive income for the period attributable to owners of parent	1489300000	5120400000
	Total comprehensive income for the period attributable to owners of parent non-controlling interests	49900000	87800000
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	33.27	115.02
	Diluted earnings (loss) per share from continuing operations	33.27	115.02
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	33.27	115.02
	Diluted earnings (loss) per share from continuing and discontinued operations	33.27	115.02
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 Group 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 n3The Holding Company has infused Rs 23000 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 SEL its wholly-owned subsidiary n n4Pursuant to share purchase agreement dated December 10 2024 the Holding Company acquired 100% shareholding in SPR TGPEL Precision Engineering Limited formerly TGPEL Precision Engineering Limited through its wholly-owned subsidiary SEL n nThe total purchase consideration of Rs 21762 lacs based on fair values has been allocated as below: n nParticulars Amount Rs.Lacs nProperty, plant and equipment PPE nincluding right of use assets and capital work-in-progress 12995 nNet working capital 673 nCustomer relationships 1572 nNon-competent agreement 50 nGoodwill 6472 nTotal 21,762 n nThe excess of the purchase consideration paid over the fair value of assets acquired has been attributed to goodwill n nDeferred tax liability of Rs. 2238 lacs has been recognized on the identified intangibles and the fair value of PPE leading to an increase in goodwill by the same amount. The same is in addition to the goodwill recognized above. n n5BSE Ltd. vide its Notice No 20250131 51 dated January 31 2025 has notified that the Holding Companys 44049824 equity shares face value of Rs 10 each fully paid-up will be listed and admitted for trading on BSE wef Tuesday February 04 2025 under the scrip code 544344 n n6On March 07 2025, the Holding Company has entered into a Share Purchase Agreement with existing shareholders of Karna Intertech Private Limited Karna to acquire 100% equity stake in Karna for Rs 500 lacs. Accordingly the Holding Company has acquired 100percent equity shareholding in Karna on April 01 2025 and Karna has become a wholly owned subsidiary of the Holding Company n n7 SPR Takahata Precision India Private Limited and SPR TGPEL Precision Engineering Limited were acquired on October 16 2023 and December 24 2024 respectively. Hence the financial results for the quarter or period ended March 2025 are not comparable with corresponding quarter or period of previous year. n n8The Board of Directors of the Holding Company has recommended a final dividend at 50 percent ie Rs 5 on each equity share of the nominal value of Rs 10 each for the financial year ending March 31 2025 subject to approval of the shareholders at the ensuing Annual General Meeting. n n9The 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. n n10The 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 n11Figures 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 Group

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		Consolidated
	Assets
1	Non-current assets
	Property, plant and equipment	7706600000
	Capital work-in-progress	578100000
	Investment property
	Goodwill	1335100000
	Other intangible assets	1077000000
	Intangible assets under development
	Biological assets other than bearer plants
	Investments accounted for using equity method
	Non-current financial assets
	Non-current investments	100000000
	Trade receivables, non-current
	Loans, non-current	120000000
	Other non-current financial assets	3231900000
	Total non-current financial assets	3451900000
	Deferred tax assets (net)	64300000
	Other non-current assets	272700000
	Total non-current assets	14485700000
2	Current assets
	Inventories	4723200000
	Current financial asset
	Current investments	263200000
	Trade receivables, current	5837200000
	Cash and cash equivalents	420700000
	Bank balance other than cash and cash equivalents	10095200000
	Loans, current	30000000
	Other current financial assets	492000000
	Total current financial assets	17138300000
	Current tax assets (net)
	Other current assets	942200000
	Total current assets	22803700000
3	Non-current assets classified as held for sale
4	Regulatory deferral account debit balances and related deferred tax Assets
	Total assets	37289400000
	Equity and liabilities
1	Equity
	Equity attributable to owners of parent
	Equity share capital	440500000
	Other equity	23496100000
	Total equity attributable to owners of parent	23936600000
	Non controlling interest	1036500000
	Total equity	24973100000
2	Liabilities
	Non-current liabilities
	Non-current financial liabilities
	Borrowings, non-current	1736900000
	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	374400000
	Total non-current financial liabilities	2111300000
	Provisions, non-current	388900000
	Deferred tax liabilities (net)	603700000
	Deferred government grants, Non-current
	Other non-current liabilities
	Total non-current liabilities	3103900000
	Current liabilities
	Current financial liabilities
	Borrowings, current	3045300000
	Trade payables, current
	(A) Total outstanding dues of micro enterprises and small enterprises	198200000
	(B) Total outstanding dues of creditors other than micro enterprises and small enterprises	3908900000
	Total Trade payable	4107100000
	Other current financial liabilities	1215200000
	Total current financial liabilities	8367600000
	Other current liabilities	564000000
	Provisions, current	172400000
	Current tax liabilities (Net)	108400000
	Deferred government grants, Current
	Total current liabilities	9212400000
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	12316300000
	Total equity and liabilites	37289400000
	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		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
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	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	21900000	59900000
	Total Amount of items that will not be reclassified to profit and loss	21900000	59900000
2	Income tax relating to items that will not be reclassified to profit or loss	4800000	15000000
3	Amount of items that will be reclassified to profit and loss
1	Fair value change of cash flow hedge	8900000	10300000
	Total Amount of items that will be reclassified to profit and loss	8900000	10300000
4	Income tax relating to items that will be reclassified to profit or loss	2200000	2600000
5	Total Other comprehensive income	23800000	52600000

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			Consolidated
Part I	Blue color marked fields are non-mandatory.
	Statement of cash flows
	Cash flows from used in operating activities
	Profit before tax			6816600000
	Adjustments for reconcile profit (loss)
	Adjustments for finance costs			343500000
	Adjustments for decrease (increase) in inventories			-746300000
	Adjustments for decrease (increase) in trade receivables, current			-863400000
	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			-103600000
	Adjustments for other financial assets, non-current			-140300000
	Adjustments for other financial assets, current			0
	Adjustments for other bank balances			0
	Adjustments for increase (decrease) in trade payables, current			488500000
	Adjustments for increase (decrease) in trade payables, non-current			0
	Adjustments for increase (decrease) in other current liabilities			-50600000
	Adjustments for increase (decrease) in other non-current liabilities			0
	Adjustments for depreciation and amortisation expense			1196800000
	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			19400000
	Adjustments for unrealised foreign exchange losses gains			-21500000
	Adjustments for dividend income			0
	Adjustments for interest income			825000000
	Adjustments for share-based payments			0
	Adjustments for fair value losses (gains)			-67600000
	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)			-12200000
	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)			-782300000
	Net cash flows from (used in) operations			6034300000
	Dividends received			0
	Interest paid			0
	Interest received			0
	Income taxes paid (refund)			1690700000
	Other inflows (outflows) of cash			0
	Net cash flows from (used in) operating activities			4343600000
	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			2091000000
	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			61000000
	Purchase of property, plant and equipment			1716500000
	Proceeds from sales of investment property			0
	Purchase of investment property			0
	Proceeds from sales of intangible assets			0
	Purchase of intangible assets			25800000
	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			745500000
	Income taxes paid (refund)			0
	Other inflows (outflows) of cash			-768600000
	Net cash flows from (used in) investing activities	-3847400000
	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			767200000
	Repayments of borrowings			357400000
	Payments of lease liabilities			59500000
	Dividends paid			440500000
	Interest paid			343500000
	Income taxes paid (refund)			0
	Other inflows (outflows) of cash			-176700000
	Net cash flows from (used in) financing activities			-610400000
	Net increase (decrease) in cash and cash equivalents before effect of exchange rate changes			-114200000
	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			-114200000
	Cash and cash equivalents cash flow statement at beginning of period			534900000
	Cash and cash equivalents cash flow statement at end of period			420700000