Pitti Engineering (513519) Q1 26/27 earnings summary

Executive summary

• Strong demand driven by global supply chain realignment, India's manufacturing competitiveness, electrification trends, and operational efficiencies supported higher sales volumes and improved profitability.

• Achieved strong growth in Q1FY27 with total income rising 14% year-over-year to ₹530 Cr and adjusted PAT up 25% to ₹32 Cr.

• Capacity expansion underway, including INR 150 crore CapEx completed and INR 290 crore greenfield casting facility in progress.

• Diversified revenue mix with traction motor and railway components leading, followed by power generation, industrial, mining, and data centers.

• Unaudited standalone and consolidated financial results for the quarter ended 30th June 2026 were approved by the Board on 10th August 2026.

Financial highlights

• Revenue from operations for Q1 FY27 at INR 529 crore, up 16% year-over-year; consolidated revenue at ₹52,909.47 lakhs, up from ₹45,656.43 lakhs in Q1 FY26.

• Adjusted EBITDA at INR 89 crore, up 14% YoY, with a margin of 16.8%; gross profit margin stable at 39.4%.

• Adjusted PAT at INR 32 crore, compared to INR 26 crore in Q1 FY26; consolidated net profit for Q1 FY27 was ₹2,288.24 lakhs.

• Lamination and assembly volumes grew 18–20.6% YoY to 19,200 tons; casting and machine components volumes up 4.2% YoY to 13,191 tons.

• Basic and diluted EPS for Q1 FY27 were ₹5.65 (standalone) and ₹7.99 (consolidated).

Outlook and guidance

• Annual lamination volume target revised upward to 82,000 tons; casting capacity to reach 24,600 MT by August 2026 and plans to double to 36,000 MT by Q1FY29.

• EBITDA guidance for current year at INR 370 crore; next year turnover expected above INR 2,500 crore with EBITDA margin of 17-17.2%.

• Margin improvement expected as operating leverage from new capacity kicks in; full-year tax rate guided at 25%.

• Greenfield machined components capacity with ₹290 Cr capex expected to be commissioned by Q1FY29.

• CapEx plans for Bangalore facility under consideration for FY 2028-2029.