SPR Auto Technologies Limited posted a robust Q2 FY27 performance with consolidated income surging 61% YoY to Rs 1,674.6 crore. While EBITDA rose 29% to Rs 300.4 crore, margins faced pressure from commodity volatility and acquisition-related finance costs. The successful integration of Antolin India and expansion into EV components bolster the company's outlook as it targets industry-leading growth.
SPR Auto Technologies Reports 61% Revenue Growth in Q2 FY27
SPR Auto Technologies reported a consolidated total income of Rs 1,674.6 crore for Q2 FY27, representing a 61% year-on-year increase. EBITDA for the quarter stood at Rs 300.4 crore, climbing 29% compared to the same period last year.
Reader Takeaway: Strong revenue expansion through product diversification and acquisition offsets inflationary margin pressures and elevated debt servicing costs.
What just happened
SPR Auto Technologies announced its Q2 and H1 FY27 results, highlighting a significant transition in its business profile. The company’s consolidated revenue reached Rs 1,674.6 crore, while its standalone income grew 17% to Rs 1,050 crore. The integration of Antolin India and the expansion of its precision injection molding and EV motor facilities drove this performance.
Why this matters
The company has successfully evolved from a piston-focused manufacturer into a multi-product automotive solutions provider. Products that are powertrain-agnostic now contribute over 35% of total revenue. This diversification reduces reliance on traditional combustion engine components, positioning the company to capture value in the evolving EV and powertrain-agnostic markets.
The backstory
The firm completed a Rs 1,000 crore Qualified Institutional Placement (QIP) in August 2026. The capital was primarily utilized to repay debt associated with the Antolin India acquisition. Management anticipates that this deleveraging will lead to a noticeable reduction in finance costs starting in Q3 FY27, directly improving the bottom line.
What changes now
Margins are currently influenced by a 17.9% consolidated EBITDA rate, reflecting impacts from minimum wage revisions and commodity price fluctuations. However, the company benefits from back-to-back customer arrangements, which allow for the pass-through of raw material costs with a one-quarter lag, providing a hedge against market volatility.
Risks to watch
Investors should monitor finance costs closely, as they remain elevated due to recent acquisition debt. Additionally, the company is exposed to global geopolitical shifts, which may affect supply chains and commodity prices. Management’s ability to sustain margins amid inflationary wage pressure remains a key performance indicator.
What to track next
The company aims to maintain growth rates of 7-8%, potentially exceeding this based on new product wins in the defense and automotive sectors. Future filings will likely reflect the interest savings following the August QIP debt repayment.