Pitti Engineering Limited has submitted to the Exchange, the financial results for the period ended March 31, 2026.
PITTIENG · price
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Pitti Engineering Limited reported FY26 standalone revenue of ₹1,59,001 lakhs, up 4.3% from ₹1,52,455 lakhs in FY25. However, profit after tax declined 8.7% to ₹9,753 lakhs from ₹10,683 lakhs due to higher finance costs (up 22.6% to ₹8,285 lakhs) and increased depreciation. The Board approved a ₹290 crore capital expenditure for a greenfield casting and machined components facility at Macharam, Telangana, expected to double casting capacity to 36,000 MT per annum within 3 years. The project will be funded through internal accruals and lease finance. The company also recommended a dividend of ₹2.50 per share (50%). Statutory auditors issued an unmodified (clean) opinion on the audited accounts. A scheme of amalgamation of subsidiary companies is pending NCLT approval.
The PAT decline and margin compression due to higher borrowing costs may concern near-term investors, though the clean audit opinion and new capacity expansion signal long-term growth focus. The significant capex commitment represents a major investment in future growth.