SPR Auto Technologies Q2 Revenue Rises 62% to ₹1,648 Crore

SPR Auto Technologies Limited reported consolidated revenue from operations of ₹1,648.2 crore in Q2 FY27, a 62% increase from ₹1,016.5 crore a year earlier. Consolidated profit after tax rose 14% to ₹162.3 crore, while the inclusion of recently acquired interior and lighting businesses contributed to the sharp increase in reported revenue.

What did SPR Auto Technologies report for Q2 FY27?

SPR Auto Technologies reported unaudited standalone and consolidated financial results for the quarter and half-year ended September 30, 2026. On a consolidated basis, revenue from operations reached ₹1,648.2 crore in the September quarter, compared with ₹1,016.5 crore in Q2 FY26. Consolidated profit after tax was ₹162.3 crore, compared with ₹142.1 crore in the year-earlier quarter.

The company also reported sequential improvement in profitability. Consolidated net profit increased about 10% from ₹147.7 crore in Q1 FY27. Profit attributable to owners stood at ₹158.5 crore in Q2 FY27, compared with ₹139.9 crore a year earlier. Consolidated total comprehensive income for the quarter was ₹166.4 crore.

On a standalone basis, revenue from operations was ₹1,026.2 crore for the quarter. Standalone profit after tax was ₹118.9 crore, while profit before tax was ₹158.8 crore and tax expense was ₹39.9 crore. The reported results reflect a difference between the parent company's performance and the contribution from consolidated subsidiaries.

Why did consolidated revenue increase sharply?

SPR Auto Technologies' consolidated revenue growth was supported by the consolidation of newly acquired businesses. The company acquired three Indian interior and lighting businesses from Spain's Grupo Antolin, with the acquisition effective from January 8, 2026. Their inclusion in the consolidated accounts expanded the company's reported revenue base in Q2 FY27.

The difference between standalone and consolidated numbers shows the importance of these businesses to the quarter's reported growth. Consolidated revenue was ₹622 crore higher than standalone revenue in Q2 FY27. This does not by itself separate the exact contribution of each subsidiary or acquired entity, but it indicates the larger scale of operations reflected in the consolidated accounts.

For the first half of FY27, consolidated revenue from operations was ₹3,122.6 crore, up 58% from ₹1,979.8 crore in H1 FY26. Consolidated profit after tax for the six-month period was ₹310 crore, compared with ₹316.2 crore in the corresponding period a year earlier. The company reported standalone half-year revenue from operations of ₹1,967.8 crore and standalone profit after tax of ₹230.8 crore.

How did costs and margins affect Q2 earnings?

Higher operating costs limited the conversion of revenue growth into profit growth. Consolidated total expenses increased 72% year on year to ₹1,461.7 crore in Q2 FY27, exceeding the 62% growth in revenue from operations. As a result, consolidated profit rose at a slower pace than the top line.

Material costs were a significant component of the expense increase. The cost of materials consumed rose to ₹859.8 crore from ₹420.5 crore in Q2 FY26, more than doubling from the year-earlier level. The company also faced higher finance costs, according to the reported results commentary.

Consolidated EBITDA rose 31.1% to ₹274 crore from ₹209 crore. However, EBITDA margin declined to 16.6% from 20.6% a year earlier. The margin movement places the revenue expansion alongside the higher input and operating costs incurred during the quarter.

What financing and audit disclosures accompanied the results?

SPR Auto Technologies completed a qualified institutional placement on August 20, 2026, raising ₹1,000 crore through the issue of 23,36,448 equity shares. The financing disclosure was included in the auditor notes accompanying the quarterly financial results.

Of the net QIP proceeds, ₹735.8 crore had been used for debt repayment and corporate purposes. A further ₹251.2 crore was temporarily invested in approved financial instruments pending deployment. The stated use of proceeds indicates that the capital raise supported both balance-sheet actions and corporate requirements.

Walker Chandiok & Co LLP reviewed the standalone and consolidated financial statements and issued an unmodified conclusion on both sets of results. As of September 30, 2026, consolidated total assets and total equity and liabilities were each ₹6,836.1 crore. Standalone total assets and total equity and liabilities were each ₹5,787.5 crore.

Conclusion

SPR Auto Technologies delivered substantial consolidated revenue growth in Q2 FY27, with the acquired interior and lighting businesses contributing to the expanded reporting base. Yet consolidated expenses grew faster than revenue, and the EBITDA margin declined by 400 basis points, showing that higher material and finance costs affected earnings conversion.

The next reported developments to watch are the deployment of the ₹251.2 crore of temporarily invested QIP proceeds and the company's subsequent financial disclosures on the acquired businesses. Investors will also be able to assess whether revenue growth, costs and margins change over the remaining quarters of FY27.