Pitti Engineering (513519) Q4 25/26 earnings summary

Executive summary

• Achieved total income of ₹1,953 crore in FY26, up 12% year-over-year, with consolidated revenue from operations at ₹1,912.8 crore, a 12.2% increase from FY25.

• Audited standalone and consolidated financial results for the year ended 31st March 2026 were approved, with an unmodified audit opinion.

• Adjusted EBITDA rose 20% to ₹326 crore in FY26, with margin improving to 17.0% from 15.9% in FY25.

• Adjusted PAT for FY26 was ₹128 crore, up 4% year-over-year, with an adjusted PAT margin of 6.7%.

• Board approved a ₹290 crore capex for a greenfield casting and machined components facility, to be completed in three years and funded by internal accruals and lease finance.

Financial highlights

• Gross profit for FY26 was ₹753.1 crore, up 9.5% year-over-year, with a gross margin of 39.4%.

• Consolidated revenue from operations for FY26 was ₹1,91,280.36 lakhs, up from ₹1,70,456.71 lakhs in FY25.

• Consolidated net profit for FY26 was ₹11,780.75 lakhs, compared to ₹12,228.63 lakhs in FY25.

• FY26 cash and cash equivalents stood at ₹119.5 crore, up from ₹98.7 crore in FY25.

• Standalone EPS for FY26 was ₹26.30, while consolidated EPS was ₹31.77.

Outlook and guidance

• Ongoing capex of ₹150 crore to enhance sheet metal and casting capacities, with operationalization expected by H1FY27.

• Greenfield facility with ₹290 crore capex to double casting capacity to 36,000 MT by Q1FY30, supporting strong OEM demand.

• Asset turns for new facility expected in the range of 1.0–1.2x.

• Project aligns with the strategy to consolidate operations and enhance capacity readiness.