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.

Pitti Engineering Limited , a leading manufacturer of engineering products, has announced its financial results for the second quarter of fiscal year 2025-26, showcasing steady growth in both revenue and profitability.

Financial Highlights

The company's performance for Q2 FY2025-26 demonstrates resilience and growth:

The company's net profit for the quarter increased by 5.5% year-over-year to ₹401.00 crore, up from ₹380.00 crore in the same period last year. This growth in profitability was supported by a robust 10.9% increase in revenue, which rose to ₹4,770.00 crore from ₹4,300.00 crore in Q2 FY2024-25.

Operational Performance

Pitti Engineering's operational efficiency improved significantly during the quarter, as evidenced by the growth in EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization). EBITDA for Q2 FY2025-26 stood at ₹777.00 crore, marking a substantial 17.5% increase from ₹661.00 crore in the corresponding quarter of the previous year.

The company's EBITDA margin also saw an improvement, expanding by 87 basis points to reach 16.26% compared to 15.39% in Q2 FY2024-25. This enhancement in margin indicates the company's ability to manage costs effectively while driving revenue growth.

Corporate Governance Update

In a separate announcement, Pitti Engineering disclosed plans to change its Registrar and Transfer Agent (RTA). The Board of Directors has approved the appointment of MUFG Intime India Private Limited as the new RTA, replacing XL Softech Systems Limited. This change aims to leverage MUFG's advanced technological infrastructure and expertise in shareholder services.

The effective date of this transition will be communicated after necessary agreements are executed and regulatory approvals are obtained. This move is expected to enhance the company's shareholder service capabilities and streamline share-related processes.

As Pitti Engineering continues to focus on growth and operational excellence, these financial results and corporate governance improvements reflect the company's commitment to creating value for its shareholders and maintaining transparency in its operations.