Results Snapshot
Figures in Cr
Consolidate Nine Monthly Results
Dec'25
Dec'24
Dec'23
Dec'22
Dec'21
Dec'20
Dec'19
Net Sales
3,003.00
2,561.50
2,233.77
1,908.32
1,477.40
1,050.82
1,242.00
Other Operating Income
0.00
0.00
0.00
0.00
0.00
0.00
0.00
Total Operating income
3,003.00
2,561.50
2,233.77
1,908.32
1,477.40
1,050.82
1,242.00
Raw Material Cost
1,277.60
1,039.40
850.43
734.54
540.42
323.91
368.37
Purchase of Finished goods
61.90
60.20
63.83
67.47
59.52
42.31
40.20
(Increase) / Decrease In Stocks
-31.70
-42.10
-36.46
-1.92
-62.05
10.46
45.31
Employee Cost
417.60
381.40
343.65
305.71
294.55
239.64
265.63
Power Cost
0.00
0.00
0.00
0.00
0.00
0.00
0.00
Manufacturing Expenses
0.00
0.00
0.00
0.00
0.00
0.00
0.00
Selling and Distribution Expenses
0.00
0.00
0.00
0.00
0.00
0.00
0.00
Other Expenses
669.40
608.70
547.28
477.19
425.23
314.34
382.07
Total Expenditure (Excl Depreciation)
2,394.80
2,047.60
1,768.73
1,582.99
1,257.67
930.66
1,101.58
Operating Profit (PBDIT) excl Other Income
608.20
513.90
465.04
325.33
219.73
120.16
140.42
Other Income
87.70
83.90
61.34
30.37
19.03
13.04
15.06
Operating Profit (PBDIT)
695.90
597.80
526.38
355.70
238.76
133.20
155.48
Interest
29.20
26.00
21.02
13.07
9.18
8.77
8.99
Exceptional Items
-25.20
0.00
0.00
0.00
0.00
0.00
0.00
Gross Profit (PBDT)
641.50
571.80
505.36
342.63
229.58
124.43
146.49
Depreciation
96.90
91.30
74.13
70.86
77.02
76.06
76.54
Profit Before Tax
544.60
480.50
431.23
271.77
152.56
48.37
69.95
Tax
141.90
116.60
109.01
69.27
39.36
12.63
9.78
Provisions and contingencies
0.00
0.00
0.00
0.00
0.00
0.00
0.00
Profit After Tax
402.70
363.90
322.22
202.50
113.20
35.74
60.17
Extraordinary Items
0.00
0.00
0.00
0.00
0.00
0.00
0.00
Prior Period Expenses
0.00
0.00
0.00
0.00
0.00
0.00
0.00
Other Adjustments
0.00
0.00
0.00
0.00
0.00
0.00
0.00
Net Profit
402.70
363.90
322.22
202.50
113.20
35.74
60.17
Share in Profit of Associates
0.00
0.00
0.00
0.00
0.00
0.00
0.00
Minority Interest
-0.70
-1.70
1.56
0.00
0.00
0.00
0.00
Other related items
0.00
0.00
0.00
0.00
0.00
0.00
0.00
Consolidated Net Profit
396.60
360.00
322.96
202.50
113.20
35.74
60.17
Equity Capital
44.00
44.00
44.05
22.02
22.02
22.37
22.37
Face Value
10.0
10.0
10.0
10.0
10.0
10.0
10.0
Reserves
0.00
0.00
0.00
0.00
0.00
0.00
0.00
Diluted Earnings per share
27.93
27.22
24.37
33.99
17.04
22.39
5.57
Operating Profit Margin (Excl OI)
20.25%
20.06%
20.82%
17.05%
14.87%
11.43%
11.31%
Gross Profit Margin
21.36%
22.32%
22.62%
17.95%
15.54%
11.84%
11.79%
PAT Margin
13.41%
14.21%
14.42%
10.61%
7.66%
3.4%
4.84%
Public Share Holdings (%)
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
Pledged Promotor Holding (%)
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
Nine Monthly Analysis Highlights
Net Sales
YoY Growth in nine months ended Dec 2025 is 17.24% vs 14.67% in Dec 2024
Consolidate Net Profit
YoY Growth in nine months ended Dec 2025 is 10.17% vs 11.47% in Dec 2024
Operating Profit (PBDIT) excl Other Income
YoY Growth in nine months ended Dec 2025 is 18.35% vs 10.51% in Dec 2024
Interest
YoY Growth in nine months ended Dec 2025 is 12.31% vs 23.69% in Dec 2024
Operating Profit Margin (Excl OI)
YoY Growth in nine months ended Dec 2025 has improved from Dec 2024
Compare Nine Monthly Results Of Shriram Pistons With
Figures in Cr
Consolidate Nine Monthly Results
Change(INR)
Change(%)
Net Sales
3,003.00
4,236.10
-1,233.10
-29.11%
Other Operating Income
0.00
0.00
0.00
Total Operating income
3,003.00
4,236.10
-1,233.10
-29.11%
Raw Material Cost
1,277.60
2,818.88
-1,541.28
-54.68%
Purchase of Finished goods
61.90
0.00
61.90
(Increase) / Decrease In Stocks
-31.70
75.26
-106.96
-142.12%
Employee Cost
417.60
439.18
-21.58
-4.91%
Power Cost
0.00
0.00
0.00
Manufacturing Expenses
0.00
0.00
0.00
Selling and Distribution Expenses
0.00
0.00
0.00
Other Expenses
669.40
434.23
235.17
54.16%
Total Expenditure (Excl Depreciation)
2,394.80
3,767.55
-1,372.75
-36.44%
Operating Profit (PBDIT) excl Other Income
608.20
468.55
139.65
29.80%
Other Income
87.70
108.75
-21.05
-19.36%
Operating Profit (PBDIT)
695.90
577.30
118.60
20.54%
Interest
29.20
210.02
-180.82
-86.10%
Exceptional Items
-25.20
-9.64
-15.56
-161.41%
Gross Profit (PBDT)
641.50
357.64
283.86
79.37%
Depreciation
96.90
130.68
-33.78
-25.85%
Profit Before Tax
544.60
227.37
317.23
139.52%
Tax
141.90
48.14
93.76
194.77%
Provisions and contingencies
0.00
0.00
0.00
Profit After Tax
402.70
178.82
223.88
125.20%
Extraordinary Items
0.00
0.00
0.00
Prior Period Expenses
0.00
0.00
0.00
Other Adjustments
0.00
0.00
0.00
Net Profit
402.70
178.82
223.88
125.20%
Share in Profit of Associates
0.00
-24.57
24.57
100.00%
Minority Interest
-0.70
0.05
-0.75
-1,500.00%
Other related items
0.00
0.00
0.00
Consolidated Net Profit
396.60
144.54
252.06
174.39%
Equity Capital
44.00
23.65
20.35
86.05%
Face Value
10.00
1.00
0.00
Reserves
0.00
0.00
0.00
Gross Profit Margin
21.36%
8.44%
0.00
12.92%
PAT Margin
13.41%
4.22%
0.00
9.19%
Public Share Holdings (%)
0.00%
0.00%
0.00
0.00%
Pledged Promotor Holding (%)
0.00%
0.00%
0.00
0.00%
Nine Monthly - Net Sales
Net Sales 3,003.00 Cr
in Dec 2025Figures in Cr
YoY Growth in nine months ended Dec 2025 is 17.24% vs 14.67% in Dec 2024
Nine Monthly - Consolidate Net Profit
Consolidate Net Profit 396.60 Cr
in Dec 2025Figures in Cr
YoY Growth in nine months ended Dec 2025 is 10.17% vs 11.47% in Dec 2024
Nine Monthly - Operating Profit (PBDIT)
Operating Profit (PBDIT) 608.20 Cr
in Dec 2025Figures in Cr
YoY Growth in nine months ended Dec 2025 is 18.35% vs 10.51% in Dec 2024
Nine Monthly - Interest
Interest 29.20 Cr
in Dec 2025Figures in Cr
YoY Growth in nine months ended Dec 2025 is 12.31% vs 23.69% in Dec 2024
Nine Monthly - Operating Profit Margin (Excl OI)
Operating Profit Margin (Excl OI) 20.25%
in Dec 2025Figures in %
YoY Growth in nine months ended Dec 2025 has improved from Dec 2024






