Shriram Pistons & Rings Ltd's Q3FY25 Quarter Results
- 04 Feb 2025
Result Summary
- Shriram Pistons & Rings Ltd reported a 3.5% quarter-on-quarter (QoQ) decrease in its consolidated revenues for the quarter-ended Dec (Q3FY25). On a year-on-year (YoY) basis, it witnessed a growth of 11.5%.
- Its expenses for the quarter were down by 3.1% QoQ and up 11.6% YoY.
- The net profit decreased 3.9% QoQ and increased 12.3% YoY.
- The earnings per share (EPS) of Shriram Pistons & Rings Ltd stood at 27.2 during Q3FY25.
Financial Statments for Q3FY25
| (₹ crores) | Q3FY25 | Q2FY25 | Q3FY24 | QoQ (%) | YoY (%) |
|---|---|---|---|---|---|
Total Income | 875.13 | 906.93 | 784.99 | -3.5% | 11.5% |
Total Expenses | 716.03 | 739.03 | 641.57 | -3.1% | 11.6% |
Profit Before Tax | 159.10 | 167.90 | 143.42 | -5.2% | 10.9% |
Tax | 38.12 | 42.02 | 35.65 | -9.3% | 6.9% |
Profit After Tax | 120.98 | 125.88 | 107.77 | -3.9% | 12.3% |
Earnings Per Share | 27.20 | 28.30 | 24.40 | -3.9% | 11.5% |
Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results
Company Overview
Shriram Pistons & Rings Ltd is a leading manufacturer in the automotive components industry, principally engaged in producing pistons, piston rings, and engine valves. The company caters primarily to the automotive sector, supplying components that are essential for vehicle engine performance. Shriram Pistons & Rings Ltd has established a robust presence in both domestic and international markets, supporting a diverse range of automotive manufacturers. While specific recent developments for the company are not provided in the available data, the company continues to focus on innovation and quality to maintain its competitive edge.
Revenue
The financial data for Shriram Pistons & Rings Ltd indicates that the company generated a total income of ₹875.13 crores in Q3FY25. This represents a decrease of 3.5% from the previous quarter's income of ₹906.93 crores. However, when compared to the same quarter in the previous fiscal year (Q3FY24), there is an 11.5% increase from ₹784.99 crores. This year-over-year growth in revenue suggests a positive trend compared to the same period last year, despite a quarter-over-quarter decline.
Profitability
For the quarter ending Q3FY25, Shriram Pistons & Rings Ltd reported a Profit Before Tax (PBT) of ₹159.10 crores, which shows a decrease of 5.2% from the previous quarter's PBT of ₹167.90 crores. The Profit After Tax (PAT) for the same period was ₹120.98 crores, marking a 3.9% decline from Q2FY25, where the PAT was ₹125.88 crores. Compared to Q3FY24, the PAT increased by 12.3% from ₹107.77 crores. This year-over-year improvement is reflected in the Earnings Per Share (EPS) as well, which rose from ₹24.40 in Q3FY24 to ₹27.20 in Q3FY25, an 11.5% increase.
Operating Metrics
The total expenses for Q3FY25 were recorded at ₹716.03 crores, a 3.1% decrease from the ₹739.03 crores reported in Q2FY25. Yet, compared to Q3FY24, this represents an 11.6% increase from ₹641.57 crores. The tax expense for Q3FY25 was ₹38.12 crores, which is 9.3% lower than the previous quarter's tax expense of ₹42.02 crores, but 6.9% higher than the tax expense of ₹35.65 crores in Q3FY24. These financial metrics highlight the company's cost management and tax efficiency over the period, as well as the changes in profitability margins.
