Pitti Engineering Limited has informed the Exchange regarding a revised press release dated August 08, 2025, titled "Revised Press Release on Financial Results for the quarter ended 30th June 2025".
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Pitti Engineering filed a revised press release on 8th August 2025 correcting an error in sales volume figures from the original release dated 7th August 2025; the underlying financials remain unchanged. For Q1 FY26, the company posted revenue of Rs. 457 crore (up 17% year-on-year), EBITDA of Rs. 75 crore (up 30%), and profit after tax of Rs. 23 crore (up 17%). Sales volumes grew sharply — raw castings 145.2%, stator-frame core drops 63.4%, and machined child parts 36% — with capacity utilisation at 82% for machined hours, 70% for sheet metals, and 69% for castings. The board also approved a Rs. 150 crore capex to expand capacities across subsidiaries, to be funded via internal accruals and debt over 18 months. Exports contributed 31% of revenue, and a new alternator platform for data centres was secured, with peak revenue potential of Rs. 20 crore plus.
Strong double-digit growth across revenue, EBITDA, and PAT signals healthy demand. The revision was limited to sales volume presentation and does not change reported financials, so it is largely cosmetic. The Rs. 150 crore capacity expansion (roughly 18-32% across segments) backed by strong cash generation points to management confidence in continued order momentum, which is a positive for shareholders.