Pitti Engineering Ltd

On a year-on-year basis, the company's net profit fell by 1.9%, despite a 15% increase in net sales in Q3 FY26 over Q3 FY25. Profit before tax (PBT) stood at Rs 39.69 crore, up 2.7% from Rs 38.66 crore reported in the corresponding quarter last year. Reported EBITDA rose 20.8% YoY to Rs 80.9 crore, with an EBITDA margin of 16.9% recorded in the corresponding quarter of the previous year. Akshay S. Pitti, MD & CEO, said, 'Our performance in Q3 FY26 remained strong, with total income rising 15% Y-o-Y to Rs 484 crore, driven by consistent execution across operations. Adjusted EBITDA grew 25% to Rs 83 crore, while adjusted PAT grew by 4% Y-o-Y to Rs 30 crore. For 9MFY26, revenue increased 14% to Rs 1,447 crore, reflecting robust volume growth across our value-added product portfolio. Capacity utilization continues to be healthy, supported by strong order flows and execution across railways, power, industrial & mining, and oil & gas sectors. Our exports business remained steady, contributing 28% to 9MFY26 revenues despite global uncertainties and geopolitical tensions. Our capex plan remains on track, with announced investments aligned to anticipated future demand. This includes calibrated expansion across key facilities and value-added capabilities to ensure we are well-prepared to meet growing orders and strengthen our competitive position. As a strategic initiative, the Board has approved the merger of the wholly owned subsidiaries (Pitti Industries & Dakshin Foundry) with the Company to streamline administrative, operational, and corporate structures. This consolidation is aimed at enhancing efficiencies and generating synergies across the organization. Looking ahead, we remain focused on disciplined execution, calibrated capacity expansion, and strengthening our presence across key end segments. With clear demand visibility and ongoing investments in value-added capabilities, the company is well-positioned to deliver sustainable medium-term growth.' Pitti Engineering is engaged in the manufacturing of electrical steel laminations, motor cores, sub-assemblies, die-cast rotors, press tools, and machining of metal components.Powered by Capital Market - Live

Net profit of Pitti Engineering declined 1.88% to Rs 28.22 crore in the quarter ended December 2025 as against Rs 28.76 crore during the previous quarter ended December 2024. Sales rose 15.05% to Rs 477.42 crore in the quarter ended December 2025 as against Rs 414.98 crore during the previous quarter ended December 2024. ParticularsQuarter EndedDec. 2025Dec. 2024% Var. Sales477.42414.98 15 OPM %16.9516.13 - PBDT66.3159.76 11 PBT39.6938.66 3 NP28.2228.76 -2 Powered by Capital Market - Live

The board of Pitti Engineering at its meeting held on 05 February 2026 has approved a scheme of amalgamation of Pitti Industries (formerly Bagadia Chaitra Industries), Dakshin Foundry with the company and their respective shareholders and creditors. Powered by Capital Market - Live

The board of Pitti Engineering at its meeting held on 05 February 2026 has approved the appointment of Gummalla Vijaya Kumar (DIN: 00780356) as Additional Director (categorized as Non-Executive, Non-Independent) effective from 5 February 2026 subject to the approval of the Shareholders. Powered by Capital Market - Live

Pitti Engg. will hold a meeting of the Board of Directors of the Company on 5 February 2026.Powered by Capital Market - Live

On a consolidated basis, the company's net profit grew 5.44% year-on-year to Rs 40.09 crore on an 11.3% rise in revenue from operations to Rs 477.73 crore in Q2 FY26 over Q2 FY25. Profit before tax (PBT) stood at Rs 53.87 crore, up 1.3% from Rs 53.17 crore reported in the corresponding quarter last year. EBITDA stood at Rs 78 crore, up 18% YoY, while EBITDA margin came in at 16.3% for the quarter, reflecting improved cost control and operating leverage. Total expenses rose 10.72% YoY to Rs 445.19 crore in Q2 FY26. The cost of materials consumed stood at Rs 300.92 crore (up 8.6% YoY), employee benefits expense increased 20.22% to Rs 39.77 crore, and finance costs grew 3.64% to Rs 19.37 crore during the period under review. Akshay S. Pitti, MD & CEO, said, 'Our performance in Q2 FY26 remained resilient, with total income of Rs 499 crore reflecting a 10% year-on-year 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.' Pitti Engineering is engaged in the manufacturing of electrical steel laminations, motor cores, sub-assemblies, die-cast rotors, press tools, and machining of metal components.Powered by Capital Market - Live

Net profit of Pitti Engineering rose 5.44% to Rs 40.09 crore in the quarter ended September 2025 as against Rs 38.02 crore during the previous quarter ended September 2024. Sales rose 11.27% to Rs 477.73 crore in the quarter ended September 2025 as against Rs 429.36 crore during the previous quarter ended September 2024. ParticularsQuarter EndedSep. 2025Sep. 2024% Var. Sales477.73429.36 11 OPM %16.2615.39 - PBDT79.6273.28 9 PBT53.8753.17 1 NP40.0938.02 5 Powered by Capital Market - Live

Pitti Engg. will hold a meeting of the Board of Directors of the Company on 7 November 2025.Powered by Capital Market - Live

Pitti Engg. announced that the 41th Annual General Meeting(AGM) of the company will be held on 26 September 2025.Powered by Capital Market - Live

Net profit of Pitti Engineering rose 18.18% to Rs 22.88 crore in the quarter ended June 2025 as against Rs 19.36 crore during the previous quarter ended June 2024. Sales rose 16.63% to Rs 456.56 crore in the quarter ended June 2025 as against Rs 391.45 crore during the previous quarter ended June 2024. ParticularsQuarter EndedJun. 2025Jun. 2024% Var. Sales456.56391.45 17 OPM %16.5014.82 - PBDT62.1944.43 40 PBT36.5527.58 33 NP22.8819.36 18 Powered by Capital Market - Live