Pitti Engineering Limited has informed the Exchange about Transcript
PITTIENG · price
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Pitti Engineering reported FY26 revenue of INR1,953 crores (+12% YoY) with adjusted EBITDA of INR326 crores (+20% YoY) and margin improvement to 17% from 15.9%. The company announced a new INR290 crores greenfield casting and machining facility in Hyderabad with commissioning targeted for Q1 FY30, expected to double casting capacity to 36,000 MT and increase machine hours to 10.8 lakh. FY27 guidance projects revenue of ~INR2,300 crores with lamination volumes of 78,000 tons and machine components of 16,000 tons. Net debt is expected to decline from ~INR570 crores to ~INR250 crores by FY28 (excluding new capex). Q4 was impacted by energy cost issues and shipping constraints deferring ~INR20 crores of export sales. New customers Progress Rail and Caterpillar (under development for data center applications) were highlighted as growth drivers.
Strong margin expansion and clear capex strategy signal operational leverage kicking in; the INR2,300 crores FY27 revenue guidance with flat margins reflects disciplined growth while the new greenfield facility positions the company for next phase of value chain integration in machine components and castings.