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Pitti Engineering Ltd share Price

Company details

6M Return 113.80%
1Y Return 94.49%
Mkt Cap.(Cr) 1,894.64
Volume 37,147
Div Yield 0.45%
OI Chg %
Volume 37,147

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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

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Operating Profit
Profit after Tax
Reserves and Surplus
Operating Profit
Profit after Tax

Pitti Engineering Ltd Stocks COMPARISION


Equity Capital: 334.04 Cr FV: 5.00

Period MF Net Purchase / (sold) FII Net
LAST 1M 12,500.03 -6,885.48
LAST 3M 36,702.89 2,100.69
LAST 6M 45,999.05 152,168.44
LAST 12M 133,371.71 158,810.39
Pitti Engineering Limited - Loss of Share Certificates

Sep 20, 2023 l NSE Announcement

Pitti Engineering Limited - Loss of Share Certificates

Sep 18, 2023 l NSE Announcement

Date Action Type Ratio
Aug 11, 2023 Dividend 24
Feb 24, 2023 Dividend 30
Sep 15, 2022 Dividend 17

Pitti Engineering Ltd Information

Stock PE (TTM)
Promoter Holding
Book Value
  • Pitti Engineering Limited (Formerly known as Pitti Laminations Limited) was incorporated on September 17, 1983. The Company is engaged in manufacture of engineering products of iron and steel including electrical steel lamination, sub-assemblies for motor & generator cores, die-cast rotors and machined casted & fabricated parts and shafts. The Company supplies a range of engineering products to vastly diversified segments like hydro and thermal generation, windmill, mining, cement, steel, sugar, construction, lift irrigation, freight rail, passenger rail, mass urban transport, E-mobility, appliances, medical equipment, oil & gas and several other Industrial applications. Their products finds a suitable application in almost all engineering application. The company came out with a public issue of 19 lac shares at a premium of Rs 10 per share, aggregating Rs 3.80 cr, in Jan.`94. The proceeds of the issue were utilised to part-finance the Rs 5.6-cr project to expand the company`s product range of electrical-grade stampings. PLL has been awarded the ISO 9002 certification by Bureau Veritas Quality International (BVQI) for the manufacture of electrical stampings and die-cast rotors. The company`s clientele includes prestigeous companies like Asea Brown Boveri, Siemens, GEC, Kirloskar, Crompton Greaves, Bharat Bijlee, etc. In 1994-95, PLL expanded its capacity to 4000 tpa. It has launched a second expansion programme to raise the capacity from 4000 tpa to 6000 tpa at an estimated cost of Rs 4.80 cr. The expansion scheme is designed to produce higher volumes of stampings of different diameters to serve the specific needs of the customers. It plans to integrate forward into the manufacture of die-cast rotors and wound stators. At the end of the financial year 1998-99, the company`s accumulated losses exceeded its net worth, therefore the company would be treated as a Sick Industrial Company under the provisions of the Sick Industrial Companies (special provisions) Act, 1985. During the year 99-00 a growth of 18.76% was achieved in sales.In the year 2000 the BIFR has declared the company as Sick company and State Bank of India,Industrial Finance Branch Hydrebad has been appointed as Operating agency. The company has registered a growth of 11.98% in the turnover during the year 2000-01.Therefore the turnover of the company is stood at Rs.2520.09 lakhs during the year 2001 as against Rs.2250.42 lakhs in the previous year. Though the improvement in sales volume is nominal, larger revenue has derived from commercialization of tool room and relatively higher exports during the year. The Phase I New Plant with an installed capacity of 4000 MT per annum commenced commercial operations on 13th April, 2005. The expansion-cum-modernisation project of the Company was commissioned in Sep` 06. The Forward Integration Project of Motor Housing was commissioned on January 28, 2008. During the year 2017-18, the Company had commenced operations at the Aurangabad and commenced commercial production at Hyderabad (Plant -IV). The Company`s name was renamed from `Pitti Laminations Limited` to `Pitti Engineering Limited`, effective from May 08, 2018. During the year 2020-21, Company incorporated a Wholly Owned Subsidiary (WoS) viz., Pitti Rail and Engineering Components Limited on 5th October 2020.

Registered Address

Padmaja Landmark 4th Floor, 6-3-648/401 Somajiguda, Hyderabad, Telangana, 500082

Tel : 91-40-23312770/23312774
Email : info:pittilam.com
Website : http://www.pitti.in

XL Softech Systems Ltd

AGM Date (Month) : Aug
Face Value Equity Shares : 5
Market Lot Equity Shares : 1
BSE Code : 513519
Book Closure Date (Month) :
BSE Group : B
ISIN : INE450D01021

FAQ’s on Pitti Engineering Ltd Shares

You can buy Pitti Engineering Ltd shares through a brokerage firm. ICICIdirect is a registered broker through which you can place orders to buy Pitti Engineering Ltd Share.

Company share prices and volatile and keep changing according to the market conditions. As of Sep 25, 2023 03:47 PM the closing price of Pitti Engineering Ltd was ₹ 591.15.

Market capitalization or market cap is determined by multiplying the current market price of a company’s shares with the total number of shares outstanding. As of Sep 25, 2023 03:47 PM, the market cap of Pitti Engineering Ltd stood at ₹ 1,894.64.

The latest PE ratio of Pitti Engineering Ltd as of Sep 25, 2023 03:47 PM is 31.38

The latest PB ratio of Pitti Engineering Ltd as of Sep 25, 2023 03:47 PM is 0.17

The 52-week high of Pitti Engineering Ltd is ₹ 666.00 while the 52-week low is ₹ 255.60

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