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Pitti Engineering Results: Latest Quarterly Results & Analysis

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Pitti Engineering Ltd. 10 Nov 2025 12:52 PM
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Q2FY26 Quarterly Result Announced for Pitti Engineering Ltd.

Electrical Equipment company Pitti Engineering announced Q2FY26 results

  • Total Income: Rs 499 crore during Q2FY26, change 10% YoY.
  • EBITDA: Rs 78 crore during Q2FY26, change 18% YoY.
  • EBITDA Margin: 16.3% for Q2FY26.
  • PAT: Rs 40 crore during Q2FY26, change 5% YoY.
  • PAT Margin: 8.4% for Q2FY26.

Akshay S Pitti, Managing Director & CEO said: “Our performance in Q2FY26 remained resilient, with total income of Rs 499 crore reflecting a 10% YoY growth and EBITDA improving by 18% to Rs 78 crore. On a half-year basis, revenue stood at Rs 963 crore with a 13% growth and EBITDA at Rs 153 crore, up 23% over the previous year.

These results demonstrate consistent performance amidst a challenging business environment, supported by operational discipline and prudent financial management. We remain focused on sustaining this momentum through efficiency improvements, cost optimization, and strengthening our market position in the coming quarters.

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 Rs 150 crore capacity expansion plan, we are well positioned to capture emerging opportunities, enhance margins, and continue delivering sustainable growth in the years ahead.”

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Electrical Equipment & Products company Pitti Engineering announced Q1FY26 results

  • Revenue: Rs 457 crore during Q1FY26, change 17% YoY.
  • EBITDA: Rs 75 crore during Q1FY26, change 30% YoY.
  • PAT: Rs 23 crore during Q1FY26, change 17% YoY.

Akshay S Pitti, Managing Director & CEO said: “We delivered a strong start to FY26 with revenue growing 17% YoY to Rs 457 crore for Q1FY26, EBITDA increasing by 30% to Rs 75 crore, and PAT rising 17% to Rs 23 crore.

Demand from end-user industries remains strong, supported by healthy order enquiries and bookings. Our backward integration capabilities and diversified product portfolio, which caters to multiple industries, position us well to tap into the expanding domestic market. On the international front, our exports business continues to grow steadily, contributing 31% to revenues in Q1FY26. Backed by long-standing relationships and a track record of reliable supply to marquee customers in both domestic and global markets, we are well equipped to leverage the rising demand for laminations and machined components, while also offering increased value-added solutions tailored to customer requirements.

Our performance during the quarter validates our business model— focused on integrated manufacturing, value addition, and scale. The uptick in EBITDA and steady cash generation give us the confidence to pursue our longer-term strategic goals

With the integration of Bagadia Chaitra and Dakshin Foundry progressing on track and capacity ramp-ups underway, we are well-positioned to support consistent growth through the remainder of the year.”

Result PDF

Electrical Equipment & Products company Pitti Engineering announced Q4FY25 & FY25 results

Q4FY25 Financial Highlights:

  • Sales Volume is increased to 17,185 MT as compared to 11,435 MT in Q4FY24; increased by 50.28 % on YoY basis.
  • Total Income was at Rs 472.30 crore, as compared to Rs 367.43 crore in Q4FY24, up by 28.54 % on YoY basis.
  • EBITDA was at Rs 80.07 crore as compared to Rs 51.90 crore in Q4FY24; registered a growth of 54.28 % on YoY basis.
  • PAT was at Rs 36.14 crore as compared to Rs 46.00 crore in Q4FY24, down by 21.43% on YoY basis.

FY25 Financial Highlights:

  • Sales Volume is increased to 63,215 MT as compared to 42,305 MT in FY24; increased by 49.43%.
  • Total Income was at Rs 1743.36 crore, as compared to Rs1292.66 crore in FY24, up by 34.87%.
  • EBITDA was at Rs 271.12 crore as compared to Rs 181.03 crore in FY24; registered a growth of 49.77%.
  • PAT was at Rs 122.29 crore as compared to Rs 89.70 crore in FY24; up by 36.33% on YoY basis.

Akshay S Pitti, MD & CEO, Pitti Engineering, said: “I am happy to report that our consolidated PAT for FY25 has grown up by 36.33% to Rs 122.29 crore and Total Income was Rs 1,743.36 crore up by 34.87%. We have delivered the best performance across every metric during the year.”

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Electrical Equipment & Products company Pitti Engineering announced Q3FY25 results

  • Total Income in Q3FY25 was at Rs 421.00 crore, as compared to Rs 305.19 crore in Q3FY24, up by 37.95% on YoY basis
  • EBITDA was at Rs 66.95 crore as compared to Rs 51.48 crore in Q3FY24; registered a growth of 30.05% on YoY basis
  • PAT was at Rs 28.76 crore as compared to Rs 15.71 crore in Q3FY24, increase of 83.07% on YoY basis

Akshay S Pitti, MD & CEO said, “I am happy to report that our consolidated PAT for 9MFY25 grew by 97.12% to Rs 86.14 crore and total income was up by 37.38 % at Rs 1271.06 crore. The processes to integrate our recent merger and acquisitions is ongoing and we have started to derive synergies from them. As we look to FY2026 we see our machined components business continuing to grow rapidly further improving our margin profile.”

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Other Electrical Equipment/Products company Pitti Engineering announced Q1FY25 results:

Q1FY25 Consolidated Financial Highlights:

  • Total Revenue was at Rs 386.71 crore, as compared to Rs 290.71 crore in Q1 FY24, up by 33.02%.
  •  EBITDA was at Rs 56.35 crore, as compared to Rs 42.43 crore, registered a growth of 32.81%
  • Net Profit was at Rs 20.55 crore, as compared to Rs 13.97 crore in Q1 FY24, clocking a growth of 47.10%

Q1FY25 Standalone Financial Highlights:

  • Total Revenue was at Rs 354.45 crore, as compared to Rs 290.71 crore in Q1 FY24, up by 21.93%.
  • EBITDA was at Rs 54.34 crore, as compared to Rs 42.43 crore, registered a growth of 28.07%
  • EBITDA per tonne stands at Rs 43,785 as compared to Rs 42,607 in Q1 FY24, registered a growth of 2.77%
  • Net Profit was at Rs 19.70 crore, as compared to Rs 13.97 crore in Q1 FY24, clocking a growth of 41.02%

Commenting on the results, Mr. Akshay S. Pitti, Managing Director & Chief Executive Officer said,“I am delighted that the company reported the highest ever sales and EBITDA for a quarter in Q1FY25. Consolidated total revenue was Rs 386.71 crore and EBDITA was Rs 56.35 crore. The net profit for the quarter grew by 47.10% to Rs 20.55 crore. We also achieved the highest ever sales volume for a quarter at 14,992MT, solidifying our position as the largest manufacturer of laminations in India. The expansion plan is track for commissioning by end of September. We continue to see robust demand from almost all our end markets. On the back of strong performance in Q1 coupled with the enhanced capacities & acquisitions I believe that we are well positioned to surpass our annual targets.” 

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Electrical Equipment & Products company Pitti Engineering announced Q4FY24 & FY24 results:

Q4FY24 Financial Highlights:

  • Revenue from operations was at Rs 327.88 crore, as compared to Rs 247.50 crore in Q4FY23, up by 32.48%
  • EBITDA was at Rs 48.64 crore, as compared to Rs 40.56 crore, registered a growth of 19.92%
  • Net profit was at Rs 40.36 crore, as compared to Rs 24.84 crore in FY23, registered a growth of 62.48% 

FY24 Financial Highlights:

  • Revenue from operations was at Rs 1,201.60 crore, as compared to Rs 1,100.17 crore in FY23, grown by 9.22%
  • EBITDA was at Rs 177.72 crore, as compared to Rs 151.39 crore in FY23, grown by 17.39%
  • Net profit was at Rs 90.20 crore, as compared to Rs 58.83 crore in FY23, registered a growth of 53.32% 

Commenting on the results, Akshay S Pitti, Vice Chairman & Managing Director, said that, "I am pleased to report that FY24 has been the best in the company's history, recording alltime high revenues, profitability, and sales volume. Also, in the current quarter, an incentive amount of Rs 30.45 crore was accounted for under the Maharashtra State Industrial Promotion Scheme."

Result PDF

Electrical Equipment/Products company Pitti Engineering announced Q3FY24 & 9MFY24 results:

Q3FY24 Financial Performance

  • Sales Volume: Achieved the highest-ever sales volume of 10,572 MT, a 15.54% increase YoY.
  • Total Revenue: Rose to Rs 296.92 crore, a 24.19% increase YoY.
  • EBITDA: Increased to Rs 44.09 crore, registering a 13.58% growth YoY.
  • PAT: Grew to Rs 13.32 crore, up by 9.81% YoY.

9MFY24 Financial Performance

  • Sales Volume: Rose to 30,870 MT, a 15.59% increase YoY.
  • Total Revenue: Increased to Rs 890.48 crore, up by 4.19% YoY.
  • EBITDA: Grew to Rs 129.07 crore, a 16.46% increase YoY.
  • PAT: Jumped to Rs 49.84 crore, a significant increase of 46.59% YoY.

Operational Highlights

  • Order Book: Stands at Rs 898 crore as of December 31, 2023.
  • EBITDA per MT: Reported to be Rs 41,812/MT for 9M FY24.
  • Capital Expenditure: Totalled Rs 63.29 crore during the nine months of FY2024 with an expectation to incur approximately Rs 40 crore by the end of the financial year.

Commenting on the Results, Akshay Pitti, Vice Chairman & Managing Director said that, "We reported our highest sales volumes for any quarter in Q3FY24 at 10,572 MT, total sales upto December 2023 was 30,870 MT, this puts us on track for achieving our annual sales target of 42,000 MT for FY24.

We have a strong product development pipeline from existing customers which is further strengthened with new customer developments in sectors such as generators, automotive and railways. Based on these developments we are setting ourselves a sales target for sheet metal business of 50,000 MT for FY2025. The merger of the foundry will further add impetus to our machined components business thereby improving the margin profile of the company."

 

Result PDF

Electrical Equipment/Products company Pitti Engineering announced Q1FY24 results:

  • Total Revenue was at Rs 290.71 crore, as compared to Rs 311.06 crore in Q1FY23, down by 6.54%.
  • EBITDA was at Rs 42.43 crore, as compared to Rs 35.45 crore, registered a growth of 19.69%
  • EBITDA per tonne stands at Rs 42,607, as compared to Rs 40,539 in Q1FY23, registered a growth of 5.10%
  • Net Profit was at Rs 13.97 crore, as compared to Rs 11.71 crore in Q1FY23, clocking a growth of 19.30%
  • We achieved a sales volume of 9,958 MT in Q1FY24. The market outlook remains positive with robust demand for our products and services.
  • Our EBIDTA for Q1FY24 grew by 19.69% YoY growth to Rs 42.43 crore, the highest-ever EBITDA recorded for a quarter.
  • Our Company has recorded a net profit of Rs 13.97 crore, indicating a YoY growth of 19.30% against, Rs 11.71 crore in Q1FY23.
  • The ongoing brownfield expansion at our facilities is progressing as planned.

Commenting on the results, Akshay S. Pitti, Vice Chairman, and Managing Director, said,

“Pitti Engineering Limited has achieved an exceptional milestone by recording its highest-ever EBITDA of Rs 42.43 crore for Q1FY24 with a YoY growth of 19.69%. Our blended EBITDA was at Rs 42,607 per MT, while the net profit surged to Rs 13.97 crore with a YoY growth of 19.30%.

On the capex side, the brownfield expansions at Aurangabad and Hyderabad remain on track. The marginal de-growth in revenues was on account of a reduction in the cost of raw materials. The demand outlook and volumes in the second quarter are very encouraging and we are on track to achieve our guidance on both volumes and profitability for the year.”

 

 

Result PDF

Electrical Equipment/Products company Pitti Engineering announced Q4FY23 & FY23 results:

  • Q4FY23:
    • Revenue from operations was at Rs 247.51 crore vs Rs 271.39 crore in Q4FY22, down by 8.80%
    • EBITDA was at Rs 40.56 crore, as compared to Rs 35.37 crore, registered a growth of 14.67%
    • Net profit was at Rs 24.83 crore, as compared to Rs 19.79 crore in FY22, registered a growth of 25.47%
  • FY23:
    • Revenue from operations was at Rs 1,100.17 crore vs Rs 953.82 crore in FY22, grown by 15.34%
    • EBITDA was at Rs 151.39 crore, as compared to Rs 132.63 crore in FY22, grown by 14.15%
    • Net profit was at Rs 58.83 crore, as compared to Rs 51.89 crore in FY22, registered a growth of 13.35%
    • Board of Directors of the Company has recommended a final dividend of Rs 1.20 per share on a face value of Rs 5 per share, amounting to a total dividend of Rs 2.70 per share (including the interim dividend of Rs 1.50 per share declared during the year).

Commenting on the Results, Akshay S Pitti, Vice Chairman & Managing Director, said, “Pitti Engineering Limited has achieved exceptional milestones, recording its highest-ever annual revenue of Rs1,111.78 crore with a YoY growth of 15.22%. Our annual EBITDA reached a record high of Rs 151.39 crore, reflecting a YoY growth of 14.14%, while the net profit surged to Rs 58.83 crore with a YoY growth of 13.35%. Progressing towards our goal of achieving a sheet metal capacity of 72,000 MT, we showcase our commitment to enhancing manufacturing capabilities.

With a robust demand outlook, diverse product offerings, and expanding capacity, we are well poised to seize future opportunities.”

 

 

Result PDF

Electrical Equipment firm Pitti Engineering announced Q1FY23 Result :

  • Highest ever quarterly revenue of Rs  311.06 Crores in Q1FY23 - up by 76.90% on YoY basis
  • PAT Rs 11.71 Crores - up by 59.10% on YoY basis
  • EBITDA per ton stands at Rs 40,539 during the quarter
  • Commenced commercial supplies to Automotive industry

 

Result PDF

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