Pitti Engineering FY26 Revenue Up 12.2%, Approves ₹290 Cr Capex
Pitti Engineering Limited reported a 12.2% increase in FY26 revenue to ₹1,912.8 crore, with adjusted PAT growing 4% to ₹128 crore. The Board recommended a final dividend of ₹2.50 per share and approved a ₹290 crore capex for a new greenfield facility to boost casting capacity to 36,000 MT by Q1 FY30.
*this image is generated using AI for illustrative purposes only.
Pitti Engineering Limited has published its audited financial results for the quarter and year ended March 31, 2026. The company reported consolidated total income of ₹1,95,291.37 lakhs for the full year, marking a 12% increase over the prior year. Revenue from operations grew 12.2% to ₹1,912.8 crore. The Board of Directors recommended a final dividend of ₹2.50 per equity share for FY26, subject to shareholder approval, and approved a new greenfield facility with a planned capex of ₹290 crore.
Dividend Declaration
The Board has recommended a final dividend of ₹2.50 (50%) per equity share of face value ₹5 each for the financial year ended March 31, 2026. This payout is subject to approval by members at the ensuing 42nd Annual General Meeting.
| Parameter | Details |
|---|---|
| Dividend per Share | ₹2.50 (50%) |
| Face Value per Share | ₹5 |
| Financial Year | FY26 |
| Approval Status | Subject to AGM Approval |
Financial Performance
For the fourth quarter of FY26, consolidated revenue from operations stood at ₹501.1 crore, a 6.9% increase year-on-year. Consolidated net profit after tax for Q4 FY26 was ₹2,661.34 lakhs. For the full year, consolidated adjusted EBITDA rose 20% to ₹326 crore with a margin of 17.0%, while adjusted PAT increased 4% to ₹128 crore. Reported consolidated PAT for FY26 was ₹11,780.75 lakhs. The consolidated basic and diluted EPS for FY26 stood at ₹31.77.
| Metric | Q4 FY26 (Consolidated) | Q4 FY25 (Consolidated) | FY26 (Consolidated) | FY25 (Consolidated) |
|---|---|---|---|---|
| Total Income | ₹50,559.56 lakhs | ₹47,230.03 lakhs | ₹1,95,291.37 lakhs | ₹1,74,336.01 lakhs |
| Net Profit After Tax | ₹2,661.34 lakhs | ₹3,613.71 lakhs | ₹11,780.75 lakhs | ₹12,228.63 lakhs |
| Basic EPS (₹) | ₹7.21 | ₹9.61 | ₹31.77 | ₹33.32 |
Operational Highlights
Consolidated sales volume reached 65,599 MT in FY26, a 10.4% increase over the prior year. Value-added products volume grew 21.8% to 13,362 MT. Exports revenue contributed 27% of total revenue at ₹531 crore.
Capital Expenditure
The Board approved a new greenfield casting and machined components facility with a planned capex of ₹290 crore, targeted for commissioning by Q1 FY30. This will increase total casting capacity to 36,000 MT per annum. An ongoing capex of ₹150 crore, with ₹100 crore already incurred, is set to increase capacity to 24,600 MT by H1 FY27.
| Parameter | Details |
|---|---|
| New Greenfield Capex | ₹290 crore |
| Target Commissioning | Q1 FY30 |
| Post-Greenfield Capacity | 36,000 MT per annum |
| Ongoing Capex Incurred | ~₹100 crore |
Historical Stock Returns for Pitti Engineering
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +0.46% | -9.67% | +8.80% | +0.26% | -6.73% | +1,198.27% |
How will Pitti Engineering fund the ₹290 crore greenfield capex — through internal accruals, debt, or equity dilution — and what impact will the rising borrowings have on its interest coverage ratio through FY30?
Given the 26% YoY decline in Q4 FY26 PAT despite revenue growth, what structural cost pressures or margin headwinds could persist into FY27 as the company ramps up its new capacity?
With exports already contributing 27% of revenue and growing 43% from FY23 to FY26, which geographies or end-use sectors are expected to drive the next leg of international expansion, particularly amid global trade policy uncertainties?
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