Pitti Engineering reported robust Q1 financial results with 17% revenue growth to ₹456.56 crore, 30% EBITDA growth to ₹75.40 crore, and 17% net profit increase to ₹22.90 crore. The company's Board approved a ₹150 crore capacity expansion plan to be implemented over 18 months, increasing sheet metal capacity from 90,000 to 108,000 MT/year, machine hours from 648,000 to 720,000, and castings from 18,600 to 24,600 MT. The expansion will be funded through internal accruals and debt. Management noted strong demand from end-user industries and steady growth in exports, which contributed 31% to Q1 revenues.
24Apr 25
Pitti Engineering Pivots to High-Margin Product Mix, Targets Profitability Boost
Pitti Engineering announces a strategic pivot towards machine and casting lamination assemblies to optimize its product portfolio and boost profitability. The company discussed this shift during a recent investor conference call. Pitti has submitted audited financial results for Q4 and FY 2025 to stock exchanges and filed its Annual Secretarial Compliance Report, demonstrating adherence to SEBI regulations and good corporate governance practices.
22Apr 25
Pitti Engineering Reports Strong FY2025 Performance with 34.87% Revenue Growth
Pitti Engineering Limited announced robust financial results for Q4 and FY2025. The company's total income for FY2025 increased by 34.87% YoY to ₹1,743.36 crore, with EBITDA growing 49.77% to ₹271.12 crore. Net profit rose 36.33% to ₹122.29 crore. Sales volume increased by 49.43% to 63,215 MT. The Board recommended a final dividend of ₹1.50 per equity share. The company's performance was driven by diverse segments, with traction motor and railway components contributing 33.94% to revenue. Key management changes were also announced.
Pitti Engineering Limited announced Q4 FY23 results with revenue up 39.60% YoY to ₹4.69 billion and EBITDA rising 54.30% to ₹800.70 million. EBITDA margin improved to 17.08%. However, net profit declined 21.40% to ₹361.40 million. The company declared a final dividend of ₹1.50 per share. Corporate developments include appointment of a new Secretarial Auditor, redesignation of a senior executive, and the upcoming completion of an Independent Director's term.
01Apr 25
Pitti Engineering Boosts Sheet Metal Production Capacity to 72,000 MT
Pitti Engineering Ltd has expanded its sheet metal production capacity to 72,000 metric tons at its Chhatrapati Sambhaji Nagar plant in Maharashtra. The company's current machining capacity is 633,600 hours, with plans to increase to 648,000 hours in phases. This expansion aligns with the company's previously announced capital expenditure plans and aims to meet growing market demand, enhance market position, and improve operational efficiency.
31Mar 25
Pitti Engineering Boosts Sheet Metal Production Capacity to 72,000 MT
Pitti Engineering Limited has expanded its sheet metal production capacity to 72,000 metric tonnes at its Chhatrapati Sambhaji Nagar plant in Maharashtra. The company's machining capacity currently stands at 633,600 hours, with plans to increase to 648,000 hours. This expansion, announced in May 2022, aligns with the company's growth strategy and capital expenditure plans.