Pitti Engineering Limited has announced its financial results for the second quarter and half-year ended September 30, 2025, showcasing robust performance across both standalone and consolidated operations. The company has also made a strategic move by appointing a new Registrar and Transfer Agent.

Financial Performance

The company's financial results demonstrate strong growth in both revenue and profitability. Here's a breakdown of the key figures:

The consolidated figures show a notable improvement over the standalone results, indicating positive contributions from the company's subsidiaries or joint ventures.

Appointment of New Registrar and Transfer Agent

In a move aimed at enhancing shareholder services, Pitti Engineering's Board has approved the appointment of MUFG Intime India Private Limited as the new Registrar and Transfer Agent (RTA). This decision comes as a replacement for the current RTA, XL Softech Systems Limited.

The selection of MUFG Intime India Private Limited was based on several factors that are expected to benefit shareholders:

• Skilled professionals
• Electronic solutions for share-related services
• Strong digital system for handling shareholder queries
• Technologically advanced infrastructure

The effective date for this transition will be communicated to shareholders after receiving necessary approvals and executing tripartite agreements.

Looking Ahead

With strong financial performance and the strategic appointment of a new RTA, Pitti Engineering appears to be focusing on both operational excellence and improved shareholder services. The company's growth in revenue and profitability, particularly on a consolidated basis, suggests a positive trajectory for its business operations.

Shareholders and investors should keep an eye out for further communications regarding the RTA transition, as this change is expected to enhance the efficiency of share-related services and query resolution.

Pitti Engineering Limited , a leading manufacturer of electrical steel laminations and machined components, has reported robust financial results for the second quarter and first half of fiscal year 2026, while also announcing ambitious expansion plans.

Q2 and H1 FY26 Financial Highlights

The company achieved its highest-ever quarterly total income of ₹499 crore in Q2 FY26, marking a 9.6% year-on-year growth. For the half-year ended September 30, 2025, Pitti Engineering recorded a total income of ₹963 crore, representing a 13.3% increase compared to the same period last year.

Key financial metrics for Q2 FY26:

Half-year performance (H1 FY26):

Operational Performance

Pitti Engineering reported strong capacity utilization across its operations:

• Machining Hours utilization stood at 90% for Q2FY26 and 87% for H1FY26
• Sheet metals utilization was at 76% for Q2FY26 and 74% for H1FY26
• Castings utilization reached 77% for Q2FY26 and 73% for H1FY26

The company also registered healthy growth across key product categories:

• Stator frames (core drop) rose by 117.4% in Q2 and 88.3% in H1FY26 year-on-year
• Child parts (machined components) increased by 34.5% in Q2 and 35.1% in H1FY26
• Stator frame/rotor shaft integrated assemblies (laminations) grew by 33.4% in Q2 and 26.2% in H1FY26

Expansion Plans and Future Outlook

Pitti Engineering has announced plans to invest ₹500 crore in a new facility in Hyderabad. This expansion aims to enhance the company's capabilities in precision castings and machining operations. The investment is expected to drive the company's growth strategy, with a target of sustaining revenue growth of over 20% through:

1. Expansion of machined component exports
2. Increased focus on renewable energy projects
3. Higher share of high-margin engineered components
4. Diversification into wind, rail, and defense sectors

Akshay S Pitti, Managing Director & CEO of Pitti Engineering, commented on the results: "Our performance in Q2 FY26 remained resilient, with total income of ₹499 crore reflecting a 10% year-on-year growth and EBITDA improving by 18% to ₹78 crore. These results demonstrate consistent performance amidst a challenging business environment, supported by operational discipline and prudent financial management."

He further added, "Over the years, Pitti Engineering has evolved into a more integrated and value-driven player across the manufacturing value chain, deepening our relationships with marquee customers and expanding our presence across industries. With sustained demand, a diversified industry base, and our upcoming ₹150 crore capacity expansion plan, we are well positioned to capture emerging opportunities, enhance margins, and continue delivering sustainable growth in the years ahead."

The company's focus on high-value products and strategic expansion into growing sectors positions it well for future growth. As Pitti Engineering continues to invest in its capabilities and diversify its product offerings, it aims to capitalize on the increasing demand for engineered components in various industries, including renewable energy, railways, and defense.