Shriram Pistons Quarterly Results

Charts

YoY Net Sales (Quarterly)

Operating Margin

EPS Growth

POSITIVES

Consistent revenue growth of 10% over the last four quarters, indicating strong demand in the manufacturing sector.
Improved operating margin up to 15% in the latest quarter, reflecting efficient cost management strategies.
Higher net profit margin of 8% this quarter, showcasing better profitability compared to prior periods.

NEGATIVES

Raw material costs increased significantly in the latest quarter, impacting overall profitability.
Decline in exports by 5%, indicating potential challenges in international markets.
Inventory turnover ratio decreased, suggesting possible overstocking issues and inefficiencies.

Field	Jun 23	Sep 23	Dec 23	Mar 24	Jun 24	Sep 24	Dec 24	Mar 25	Jun 25	Sep 25
Revenue	716.42	751.61	765.74	855.56	837.10	876.50	847.89	988.37	963.30	1,016.50
Expenses	570.26	594.03	604.44	678.56	671.70	698.60	677.31	778.03	768.20	809.20
Operating Profit	146.16	157.58	161.30	177	165.40	177.90	170.58	210.34	195.10	207.30
Other Income	19.07	23.02	19.25	23.93	26.30	30.40	27.24	27.42	28.40	26.20
Interest	6.20	6.66	8.16	9.44	8.60	9.40	7.88	8.40	9	8.50
Depreciation	22.67	22.49	28.97	33.58	29.50	31	30.84	28.29	31.50	32.60
Profit Before Tax	136.36	151.45	143.42	157.91	153.60	167.90	159.10	201.07	183	192.40
Tax	34.91	38.45	35.65	41.45	36.40	42	38.12	49.53	48.10	50.30
Net Profit	101.45	113	107.77	116.46	117.20	125.90	120.98	151.54	134.90	142.10
Eps in Rs	23.14	25.80	24.37	27.15	26.21	28.32	27.22	33.27	30.35	31.76