Shriram Pistons Q1 FY25 Total Income Grows 7% YoY on Standalone Basis
Shriram Pistons' total income for Q1 FY25 increased by 7% year-over-year on a standalone basis, rising from ₹7,322 million to ₹7,855 million, and grew by 17% on a consolidated basis, from ₹7,355 million to ₹8,634 million.
by Damodharan N
Updated Jul 29, 2024
Table of Content
Shriram Pistons & Rings Ltd. has reported its financial results for the first quarter of FY25, showcasing growth across key metrics on both consolidated and standalone bases.
Standalone Basis:
- Total Income: The company’s total income increased by 7%, rising from ₹7,322 million in Q1 FY24 to ₹7,855 million in Q1 FY25.
- EBITDA (including Other Income): EBITDA grew by 9%, reaching ₹1,807 million in Q1 FY25 compared to ₹1,659 million in Q1 FY24. The EBITDA margin slightly increased from 22.7% to 23.0%.
- Profit After Tax (PAT): PAT saw an 11% rise, moving from ₹1,034 million in Q1 FY24 to ₹1,143 million in Q1 FY25. The PAT margin improved from 14.1% to 14.6%.
Consolidated Basis:
- Total Income: The total income jumped by 17%, from ₹7,355 million in Q1 FY24 to ₹8,634 million in Q1 FY25.
- EBITDA (including Other Income): EBITDA increased by 16%, from ₹1,652 million in Q1 FY24 to ₹1,918 million in Q1 FY25. The EBITDA margin was slightly lower at 22.2% compared to 22.5% in the previous year.
- Profit After Tax (PAT): PAT rose by 15%, reaching ₹1,172 million in Q1 FY25, up from ₹1,015 million in Q1 FY24. The PAT margin decreased marginally from 13.8% to 13.6%.
The significant growth in Shriram Pistons' financial performance highlights its strong operational capabilities and strategic initiatives.
Source: Here
Shriram Pistons Q1 FY25 Results
Shriram Pistons has announced its financial results for the first quarter of FY25, showcasing significant growth in both consolidated and standalone performance. On a consolidated basis, the company reported a total income of ₹8,634 million for Q1 FY25, marking a 17.4% increase from ₹7,355 million in Q1 FY24.
Revenue from operations increased by 16.8%, reaching ₹8,371 million, compared to ₹7,164 million in the same quarter last year. The Profit Before Tax (PBT) for Q1 FY25 stood at ₹1,536 million, a 12.6% growth from ₹1,364 million in Q1 FY24, with a PBT margin of 17.8%. Total operating expenses increased to ₹6,716 million from ₹5,703 million in the previous year.
Shriram Pistons Q1FY25 Consolidated Statement
|
Particulars |
Q1FY25 (₹ Mn) |
Q1FY24 (₹ Mn) |
YoY Growth (%) |
FY24 (₹ Mn) |
FY23 (₹ Mn) |
YoY Growth (%) |
|
Revenue from Operations |
8,371 |
7,164 |
16.8% |
30,893 |
26,093 |
18.4% |
|
Other Income |
263 |
191 |
- |
853 |
467 |
- |
|
Total Income |
8,634 |
7,355 |
17.4% |
31,746 |
26,560 |
19.5% |
|
Total Operating Expenses |
6,716 |
5,703 |
- |
24,473 |
21,490 |
- |
|
EBITDA* |
1,918 |
1,652 |
16.1% |
7,273 |
5,070 |
43.4% |
|
EBITDA Margin* |
22.2% |
22.5% |
(25 bps) |
22.9% |
19.1% |
382 bps |
|
Depreciation and Amortization |
295 |
227 |
- |
1,077 |
947 |
- |
|
Finance Costs |
86 |
62 |
- |
305 |
193 |
- |
|
PBT |
1,536 |
1,364 |
12.6% |
5,891 |
3,930 |
49.9% |
|
PBT Margin |
17.8% |
18.5% |
(75 bps) |
18.6% |
14.8% |
376 bps |
|
Tax Expense |
364 |
349 |
- |
1,505 |
991 |
- |
|
PAT |
1,172 |
1,015 |
15.5% |
4,387 |
2,939 |
49.3% |
|
PAT Margin |
13.6% |
13.8% |
(22 bps) |
13.8% |
11.1% |
275 bps |
* EBITDA includes Other Income.
On a standalone basis, Shriram Pistons reported a total income of ₹7,855 million for Q1 FY25, a 7.3% increase from ₹7,322 million in Q1 FY24. Revenue from operations grew by 6.6%, reaching ₹7,612 million, compared to ₹7,139 million in the same quarter last year.
The standalone PBT for Q1 FY25 was ₹1,535 million, a 10.7% increase from ₹1,387 million in Q1 FY24, with a PBT margin of 19.5%. Total operating expenses increased to ₹6,048 million from ₹5,664 million in the previous year.
Shriram Pistons Q1FY25 Standalone Statement
|
Particulars |
Q1FY25 (₹ Mn) |
Q1FY24 (₹ Mn) |
YoY Growth (%) |
FY24 (₹ Mn) |
FY23 (₹ Mn) |
YoY Growth (%) |
|
Revenue from Operations |
7,612 |
7,139 |
6.6% |
29,537 |
26,050 |
13.4% |
|
Other Income |
243 |
184 |
- |
813 |
462 |
- |
|
Total Income |
7,855 |
7,322 |
7.3% |
30,351 |
26,513 |
14.5% |
|
Total Operating Expenses |
6,048 |
5,664 |
- |
23,237 |
21,416 |
- |
|
EBITDA* |
1,807 |
1,659 |
8.9% |
7,114 |
5,097 |
39.6% |
|
EBITDA Margin* |
23.0% |
22.7% |
35 bps |
23.4% |
19.2% |
421 bps |
|
Depreciation and Amortization |
209 |
211 |
- |
874 |
933 |
- |
|
Finance Costs |
63 |
61 |
- |
252 |
195 |
- |
|
PBT |
1,535 |
1,387 |
10.7% |
5,989 |
3,969 |
50.9% |
|
PBT Margin |
19.5% |
18.9% |
60 bps |
19.7% |
15.0% |
476 bps |
|
Tax Expense |
391 |
353 |
- |
1,521 |
1,014 |
- |
|
PAT |
1,143 |
1,034 |
10.5% |
4,468 |
2,956 |
51.2% |
|
PAT Margin |
14.6% |
14.1% |
43 bps |
14.7% |
11.1% |
357 bps |
* EBITDA includes Other Income.
In 2023, SPR Engenious Ltd. (a 100% subsidiary of SPRL) acquired a 62% stake in SPR Takahata Precision India Pvt. Ltd. and a 66.42% stake in SPR EMF Innovations Pvt. Ltd. In 2024, Shriram Pistons crossed ₹30,000 million in total income and commenced manufacturing operations in Pithampur, Madhya Pradesh under SEL. The company’s strategic focus on enhancing its revenue streams and optimizing expenses has resulted in substantial year-over-year growth.
Shriram Pistons
Shriram Pistons & Rings Ltd (SPRL), a leading manufacturer of pistons, pins, rings, and engine valves in India, continues to innovate and expand under the esteemed Shriram Group. The company operates three state-of-the-art manufacturing units in Ghaziabad, Uttar Pradesh, and Pathredi, Rajasthan, and recently commenced operations in Pithampur, Madhya Pradesh.
SPRL has a strong export focus, supplying advanced technology products to OEMs in Europe, the USA, and other regions, earning it the status of the largest exporter of pistons and rings from India. The company also acquired significant stakes in SPR Takahata Precision India Pvt. Ltd. and SPR EMF Innovations Pvt. Ltd., further diversifying its capabilities.
Recognized for its excellence in technology, manufacturing, and quality, SPRL has received multiple awards and maintains strong relationships with leading OEMs. With over 9,000 employees and a dedicated R&D facility, SPRL remains committed to driving growth and maintaining its position as a leader in the industry.
Shriram Pistons Q1 FY25 Total Income Grows 7% YoY on Standalone Basis - FAQs
1. What was Shriram Pistons' total income for Q1 FY25 on a standalone basis?
The total income was ₹7,855 million for Q1 FY25 on a standalone basis.
2. How much did Shriram Pistons' total income grow year-over-year in Q1 FY25 on a standalone basis?
The total income grew by 7% year-over-year in Q1 FY25 on a standalone basis.
3. What was Shriram Pistons' total income for Q1 FY25 on a consolidated basis?
The total income was ₹8,634 million for Q1 FY25 on a consolidated basis.
4. How much did Shriram Pistons' total income grow year-over-year in Q1 FY25 on a consolidated basis?
The total income grew by 17% year-over-year in Q1 FY25 on a consolidated basis.
5. What was Shriram Pistons' EBITDA on a standalone basis for Q1 FY25?
The EBITDA was ₹1,807 million for Q1 FY25 on a standalone basis.
6. What was Shriram Pistons' EBITDA margin on a standalone basis for Q1 FY25?
The EBITDA margin was 23.0% for Q1 FY25 on a standalone basis.
7. How much did Shriram Pistons' EBITDA grow year-over-year on a standalone basis in Q1 FY25?
EBITDA grew by 9% year-over-year in Q1 FY25 on a standalone basis.
8. What was Shriram Pistons' PAT on a standalone basis for Q1 FY25?
The PAT was ₹1,143 million for Q1 FY25 on a standalone basis.
9. What was Shriram Pistons' PAT margin on a standalone basis for Q1 FY25?
The PAT margin was 14.6% for Q1 FY25 on a standalone basis.
10. How much did Shriram Pistons' PAT grow year-over-year on a standalone basis in Q1 FY25?
PAT grew by 11% year-over-year in Q1 FY25 on a standalone basis.
11. What was Shriram Pistons' EBITDA on a consolidated basis for Q1 FY25?
The EBITDA was ₹1,918 million for Q1 FY25 on a consolidated basis.
12. What was Shriram Pistons' EBITDA margin on a consolidated basis for Q1 FY25?
The EBITDA margin was 22.2% for Q1 FY25 on a consolidated basis.
13. How much did Shriram Pistons' EBITDA grow year-over-year on a consolidated basis in Q1 FY25?
EBITDA grew by 16% year-over-year in Q1 FY25 on a consolidated basis.
14. What was Shriram Pistons' PAT on a consolidated basis for Q1 FY25?
The PAT was ₹1,172 million for Q1 FY25 on a consolidated basis.
15. What was Shriram Pistons' PAT margin on a consolidated basis for Q1 FY25?
The PAT margin was 13.6% for Q1 FY25 on a consolidated basis.
16. How much did Shriram Pistons' PAT grow year-over-year on a consolidated basis in Q1 FY25?
PAT grew by 15% year-over-year in Q1 FY25 on a consolidated basis.
17. What was Shriram Pistons' PBT on a consolidated basis for Q1 FY25?
The PBT was ₹1,536 million for Q1 FY25 on a consolidated basis.
18. What was Shriram Pistons' PBT margin on a consolidated basis for Q1 FY25?
The PBT margin was 17.8% for Q1 FY25 on a consolidated basis.
19. How much did Shriram Pistons' PBT grow year-over-year on a consolidated basis in Q1 FY25?
PBT grew by 12.6% year-over-year in Q1 FY25 on a consolidated basis.
20. What were Shriram Pistons' total operating expenses on a consolidated basis for Q1 FY25?
Total operating expenses were ₹6,716 million for Q1 FY25 on a consolidated basis.
21. What was Shriram Pistons' revenue from operations on a consolidated basis for Q1 FY25?
Revenue from operations was ₹8,371 million for Q1 FY25 on a consolidated basis.
22. What was Shriram Pistons' total income on a standalone basis for FY24?
The total income was ₹30,351 million for FY24 on a standalone basis.
23. What was Shriram Pistons' total income on a consolidated basis for FY24?
The total income was ₹31,746 million for FY24 on a consolidated basis.
24. What was Shriram Pistons' revenue from operations on a standalone basis for FY24?
Revenue from operations was ₹29,537 million for FY24 on a standalone basis.
25. What was Shriram Pistons' revenue from operations on a consolidated basis for FY24?
Revenue from operations was ₹30,893 million for FY24 on a consolidated basis.
26. What was Shriram Pistons' EBITDA on a standalone basis for FY24?
The EBITDA was ₹7,114 million for FY24 on a standalone basis.
27. What was Shriram Pistons' EBITDA on a consolidated basis for FY24?
The EBITDA was ₹7,273 million for FY24 on a consolidated basis.
28. What was Shriram Pistons' PAT on a standalone basis for FY24?
The PAT was ₹4,468 million for FY24 on a standalone basis.
29. What was Shriram Pistons' PAT on a consolidated basis for FY24?
The PAT was ₹4,387 million for FY24 on a consolidated basis.
30. What was Shriram Pistons' PBT on a standalone basis for FY24?
The PBT was ₹5,989 million for FY24 on a standalone basis.