| Management target | Revenue FY31 |
|---|
| Revenue growth | ₹581 Cr, up 16.3% YoY driven by volume growth in laminations. |
|---|---|
| Margins | EBITDA margin at 15.8%, impacted by forex and operational cost inflation. |
| Order book | Supported by long-term relationships with global OEMs like Cummins and GE. |
| Demand visibility | Strong visibility in data centers, railways, and North American infrastructure modernization. |
| Management confidence | Confident, focusing on aggressive multi-year capex despite short-term margin headwinds. |
Growth
Lamination volumes up 26% YoY; traction motor/railway segment leads revenue at 27% share.
Outlook
Management targets ₹3,800 Cr revenue potential by FY31 following full capacity ramp-up.
Risks
EBITDA margin diluted to 15.8% by forex losses and rising power/fuel costs.
Last quarter's promises, checked
Delivered
- Guided 17–18% volume growth p.a. over next 3 yrs → lamination volumes +26% YoY (= BEAT)
- Guided no FY27 Maharashtra incentive income → net profit −16.3% YoY from absent incentives (= BEAT)
Partly delivered
- Guided lamination 82,000 t FY27 → volume +26% YoY, tonnage not disclosed (= PARTIAL)
- Guided casting ~17,000 t FY27 → casting/machining +6% YoY, tonnage not disclosed (= PARTIAL)
- Guided Bangalore ~₹400 Cr, not board-approved, FY28–29 → ₹450 Cr announced (= PARTIAL)
Missed
- Guided margins rise with utilisation toward 80%; 17–17.2% EBITDA margin at 90,000 t → EBITDA margin fell from 16.8% adj. to 15.8% (= MISS)
Earnings Call Transcript filed with NSE, NSE: PITTIENG. Summary written with AI assistance from the document.
Pitti Engineering Ltd: key numbers
- Share price
- ₹871.60
- Market cap
- ₹3,282 Cr
- Revenue (annual)
- ₹1,590 Cr
- Net profit (annual)
- ₹97.53 Cr
- P/E (TTM)
- 33.1×Sector 42.1×
- Promoter holding
- 54.18%+0.00% QoQ
- FII holding
- 1.78%Current quarter
Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.
More from Pitti Engineering Ltd
All →Pitti Engineering Results Update
Pitti Engineering announced Q2FY27 financial results with Rs. 580.5 crore total income and Rs. 36.3 crore PAT. The company also announced a Rs. 450 crore capex.
- Value
- ₹450.0 Cr
- Execution
- by FY31
- laminations capacity
- 160000.0 MTs
Pitti Engineering Investor Presentation: Key Takeaways
Pitti Engineering reports solid Q2FY27 results with 21.1% YoY revenue growth. The company is executing a massive ₹740 crore capex plan to scale capacity by FY31, targeting 1.6L MT sheet metal capacity.
Pitti Engineering Management Change
Pitti Engineering Ltd announced the re-designation of two senior management personnel and the promotion of Shri Avinash Arun Patil to Deputy Chief Operating Officer.
Pitti Engineering Employee Stock Options
Pitti Engineering Ltd has approved the second grant of 5,77,500 employee stock options under the Pitti ESOP Scheme 2024 at an exercise price of ₹736.72.
Pitti Engineering Capacity Expansion: ₹450 Cr Investment
Pitti Engineering has approved a ₹450 crore capex project to consolidate and expand its manufacturing capacity in Karnataka, with implementation phased through FY 2030-31.
- Value
- ₹450.0 Cr
- Execution
- up to FY 2030-31
- sheet metal manufacturing capacity
- 52000.0 MT
Pitti Engineering Dividend
Pitti Engineering declared an interim dividend of ₹2 per share and approved a ₹450 Crore capex for expanding manufacturing capacity.
- Value
- ₹450.0 Cr
- manufacturing capacity
- 160000 MT