Transcript of the Audio Conference call for investors on 18th May 2026
PITTIENG · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Pitti Engineering reported FY26 revenue of INR1,953 crores (up 12% YoY) with adjusted EBITDA of INR326 crores (margin expanded to 17% from 15.9%). Q4 FY26 revenue was INR506 crores. The company announced a new INR290 crores greenfield casting and machining facility in Hyderabad (commissioning Q1 FY30), expected to double casting capacity to 36,000 MT and increase machine hours to 10.8 lakh. FY27 guidance targets revenue of ~INR2,300 crores with 78,000 tons lamination volume and 16,000 tons machine components. New customer revenues from Caterpillar and other data center clients expected from Q3 FY27. Total debt stands at INR698 crores at ~7-7.5% cost; net debt reduction roadmap provided.
Strong execution with margin improvement and new capex announcement reinforces growth trajectory. The INR290 crores investment in casting/machining addresses growing demand from mining, data centers and locomotive applications. FY27 revenue guidance of INR2,300 crores provides visibility, though Q1 may remain subdued due to residual energy cost and shipping issues from Q4.