Pitti Engineering Limited (PITTIENG) Financial Results — Revenue ₹1,952.9 Cr

1 Financial Results 🔴 High Importance Neutral 📄 PDF

📢 Key Event
Q4 FY26 revenue rose 7.1% YoY to ₹1,952.9 crores with adjusted PAT margin at 7.8%.

🔄 What Changed
Adjusted EBITDA margin declined to 16.8% from 17.2% YoY; capex of ₹150 crores approved for capacity expansion.

🔮 What's Next
Greenfield casting facility with ₹290 crores capex targeting commissioning by Q1FY30; sheet metal capacity to reach 1,08,000 MT by H1FY27.

💡 Investor Takeaway
The company is aggressively expanding manufacturing capacity to capture growth in power and renewable sectors, but margin pressure persists.

Pitti Engineering reported consolidated revenue of ₹1,952.9 crores for Q4 FY26, up 7.1% YoY from ₹1,743.3 crores in Q4 FY25, with adjusted PAT margin at 7.8% and adjusted EBITDA margin at 16.8%. The company highlighted ongoing capex of [amount context mismatch] crores approved in August 2025 to expand sheet metal capacity to 1,08,000 MT by H1FY27 and a new greenfield casting facility with ₹290 crores planned capex targeting commissioning by Q1FY30. Capacity additions include 28,800 machining hours and incremental casting capacity to reach 24,600 MT by H1FY27.

2 Financial Results 🔴 High Importance ✨ Positive 📄 PDF

Revenue: ₹1,953 CrNet Profit: ₹128 Cr

📢 Key Event
Pitti Engineering announced FY26 audited financial results and ₹290 crore greenfield capex plan.

🔄 What Changed
Adj. EBITDA margin improved to 17.0% (from prior), PAT margin at 6.7%, and capex increased with new ₹290 crore greenfield project.

🔮 What's Next
New greenfield facility to be commissioned by Q1FY30, targeting 36,000 MT casting capacity and ~1.0x–1.2x asset turns.

💡 Investor Takeaway
The company is expanding capacity with disciplined capital allocation to capture growth in power and renewable sectors.

Pitti Engineering reported consolidated revenue of ₹1,953 crores for FY26, up 12% YoY, with Adjusted EBITDA at ₹326 crores (+20% YoY) and Adjusted PAT at ₹128 crores (+4% YoY). Adjusted EBITDA margin improved to 17.0% from prior periods, while PAT margin stood at 6.7%. The company highlighted strong demand in railways, power, and industrial sectors, with exports contributing 27% of revenue. Capex of ₹100 crores was already incurred, with an additional ₹290 crores planned for a greenfield facility to boost casting capacity to 36,000 MT by Q1FY30.