Shriram Pistons & Rings Ltd. Reports Strong Q3 FY25 Results, Declares 50% Interim Dividend

New Delhi, February 3, 2025 – Shriram Pistons & Rings Ltd. (NSE: SHRIPISTON) has announced its unaudited financial results for the quarter and nine months ended December 31, 2024, demonstrating strong revenue growth and profitability. The company’s board has also approved a 50% interim dividend.

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Key Financial Highlights (Standalone)​

• Revenue Growth: The company reported a YoY increase of 8.63% in revenue for Q3 FY25, reflecting a strong demand for its products.
• Profitability: The net profit for the quarter stood at ₹12,035 Lacs, reflecting a 11.26% YoY growth.
• Margins: Gross and net margins remained stable despite fluctuating input costs.

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Segment-Wise Performance​

Shriram Pistons primarily operates in the automotive components segment, manufacturing pistons, rings, and related products. The company continues to benefit from increased domestic and export demand.

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Consolidated Financial Performance​

• The consolidated revenue and profits reflect incremental contributions from subsidiaries.

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Corporate Announcements​

1. Interim Dividend Declared:
   • The Board has declared a 50% interim dividend (₹5 per share, face value ₹10).
   • The record date for eligibility is February 7, 2025.
   • Dividend payment to be completed by March 4, 2025.
2. Strategic Investment & Acquisition:
   • Equity Infusion: ₹23,000 Lacs was infused in SPR Engenious Ltd., a wholly-owned subsidiary.
   • Acquisition: The company acquired 100% stake in TGPEL Precision Engineering Limited for ₹21,762 Lacs through its subsidiary SEL on December 24, 2024.
   • The purchase included ₹12,995 Lacs in plant & equipment, ₹6,472 Lacs goodwill, and ₹1,572 Lacs in customer relationships.

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Management Commentary​

Krishna Kumar Srinivasan, Managing Director & CEO, stated:

"Our strong financial performance in Q3 FY25 reflects our consistent growth strategy, improved operational efficiencies, and a robust demand environment. The acquisition of TGPEL Precision Engineering further strengthens our capabilities and enhances value for stakeholders. We remain committed to delivering sustained growth and rewarding our investors."

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Outlook & Future Growth Strategy​

• Expansion: The acquisition of TGPEL Precision Engineering Ltd. positions Shriram Pistons for growth in the precision engineering segment.
• Market Demand: The company is seeing steady demand in the automotive sector, particularly in the electric vehicle (EV) and high-performance components markets.
• Financial Stability: Strong cash flows and prudent financial management support continued investments in innovation and expansion.

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Conclusion​

Shriram Pistons & Rings Ltd. continues its growth momentum, backed by strong financial performance, strategic acquisitions, and expansion plans. The interim dividend underscores the company's commitment to shareholder returns, while the TGPEL acquisition sets the stage for further market penetration. Investors will closely watch the company’s next moves in the evolving automotive components space.