Shriram Pistons & Rings Limited — Investor Meet, 12-11-2025: Analysts/Institutional Investor Meet/Con. Call Updates

Shriram Pistons & Rings reported strong H1 FY26: consolidated total income grew 14.9% and EBITDA 14.2%. Q2 saw EBITDA margin at 22.4%, PAT margin 13.6%. Despite challenging auto markets, the company outperformed, driven by diverse segments and subsidiary contributions (EV, plastics). Demand is improving post-GST. Management focuses on technology, R&D, and components for alternative fuels and electric powertrains, anticipating multi-powertrain coexistence. The new EV motor/controller plant nears commercial production. Strategic M&A for ICE-agnostic growth is also a priority. Sentiment is confident in outgrowing end markets significantly.