Financial results for the quarter and year ended March 31, 2026
PITTIENG · price
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Pitti Engineering reported FY26 standalone revenue of ₹15,900 crore, up 4.3% from ₹15,245 crore in FY25. However, Q4 revenue declined to ₹3,898 crore from ₹4,219 crore a year ago. Profit after tax fell 8.7% to ₹975 crore from ₹1,068 crore, impacted by higher finance costs (₹828 crore vs ₹676 crore) and increased depreciation (₹976 crore vs ₹769 crore). The Board approved a ₹290 crore capital expenditure for a greenfield casting and machined components facility, to be funded through internal accruals and lease finance, targeting to double installed capacity to 36,000 MT per annum within 3 years. A final dividend of ₹2.50 per share (50% on ₹5 face value) was recommended. Statutory auditors issued an unmodified opinion. The company is also pursuing amalgamation of two subsidiaries (Pitti Industries and Dakshin Foundry) with an appointed date of April 1, 2026.
Revenue grew modestly but profit declined due to higher interest and depreciation costs. The ₹290 crore capex signals expansion intent but will increase financial leverage. The dividend and clean audit are positives, though the profit decline and rising debt bear watching.