Pitti Engineering Details Capex Plans and Releases Financial Results for Q4 & FY26
Pitti Engineering Limited, formerly Pitti Laminations Limited, announced key updates regarding its manufacturing infrastructure plans and released its consolidated financial results for the quarter and full year ended March 31, 2026. The company highlighted strong order visibility, especially across high-growth sectors like Data Centers, Mining, Off-highway Vehicles, and Railways, driving its expansion strategy.Manufacturing Capacity Expansion
The company detailed its capital expenditure (Capex) initiatives aimed at creating manufacturing infrastructure for the next growth cycle.Ongoing and Greenfield Capex:
- An ongoing Capex outlay of 150 crores was approved on August 7, 2025. This investment is designed to enhance manufacturing capacities across the company and its wholly owned subsidiaries, Pitti Industries Private Limited and Dakshin Foundry Private Limited. Funding for this expansion will come from a mix of internal accruals and debt.
- The consolidated sheet metal capacity is projected to increase from 90,000 MT to 1,08,000 MT by H1FY27.
- The consolidated casting capacity currently stands at 18,600 MT, with an incremental capacity of approximately 6,000 MT planned through debottlenecking. This takes the total casting capacity to 24,600 MT in H1FY27.
- Furthermore, a Greenfield facility for the Casting & Machined Components business has been planned with a Capex of 290 Crore.
- Overall, the total Capex targeted for the Greenfield facility, encompassing land acquisition and civil infrastructure, is Rs. 290 Crs. Currently, Rs. 100 Crores of Capex has already been incurred, with capacity additions expected to become operational by the end of H1FY27.
Operational and Financial Performance
The company provided detailed financial data, showing performance for the quarter and full year ended March 31, 2026.Sales Volume Performance
The total Lamination & Assemblies volume reached 69,517 MT in FY26, marking a 10.3% year-on-year (YoY) increase from 63,010 MT in FY25. The total Castings & Machined Components volume increased to 12,012 MT in FY26, up 15.4% from 10,408 MT in FY25.| Sales Component | Q4FY26 (MT) | Q4FY25 (MT) | YoY % Change | FY26 (MT) | FY25 (MT) | YoY % Change |
|---|---|---|---|---|---|---|
| Total Laminations | 17,445 | 16,219 | 7.6% | 65,599 | 59,412 | 10.4% |
| Total Lamination & Assemblies | 18,436 | 17,185 | 7.3% | 69,517 | 63,010 | 10.3% |
| Total Castings & Machined Components | 2,783 | 2,980 | -6.6% | 12,012 | 10,408 | 15.4% |
| By products & Scrap | 11,987 | 15,214 | -21.2% | 53,068 | 54,096 | -1.9% |
Financial Highlights (Rs. Crs)
The company reported a Total Income of Rs. 1,952.9 Crs in FY26, reflecting a 12.0% YoY growth compared to FY25’s Rs. 1,743.36 Crs. The Revenue from Operations increased to Rs. 1,912.8 Crs, up 12.2% YoY.| Profit and Loss Metric | Q4FY26 | Q4FY25 | Y-o-Y % | FY26 | FY25 | Y-o-Y % |
|---|---|---|---|---|---|---|
| Revenue from Operations | 501.1 | 468.8 | 6.9% | 1,912.8 | 1,704.6 | 12.2% |
| Total Income | 505.6 | 472.3 | 7.1% | 1,952.9 | 1,743.36 | 12.0% |
| Gross Profit* | 195.3 | 187.5 | 4.2% | 753.1 | 688.1 | 9.5% |
| Adjusted EBITDA* | 84.0 | 80.7 | 4.1% | 325.8 | 271.7 | 19.9% |
| Profit before Tax | 37.5 | 42.2 | -11.1% | 167.6 | 161.6 | 3.7% |
| Profit After Tax | 26.6 | 36.1 | -26.0% | 117.8 | 122.3 | -3.6% |
| Adjusted Profit After Tax | 29.0 | 36.7 | -20.8% | 128.1 | 122.9 | 4.2% |
Balance Sheet Snapshot (in Rs. Crs)
Total Assets grew from Rs. 2,004.1 Crs in March 2025 to Rs. 2,137.8 Crs in March 2026. Total Equity & Liabilities matched this figure.| Asset/Liability Head | Mar-26 | Mar-25 |
|---|---|---|
| Total Assets | 2,137.8 | 2,004.1 |
| Total Equity & Liabilities | 2,137.8 | 2,004.1 |
| Non-Current Assets | 1,232.5 | 1,149.2 |
| Current Assets | 905.3 | 854.9 |
| Total Equity | 986.9 | 898.7 |
| Total Non-Current Liabilities | 505.5 | 407.2 |
| Total Current Liabilities | 645.4 | 698.2 |
Corporate Overview and Milestones
Pitti Engineering Limited operates with a mission to enhance capabilities using cutting-edge technology and integrate multiple engineering processes to serve the customer supply chain. The company is noted as the largest manufacturer and exporter of electrical laminations in India and a preeminent manufacturer of machined castings and fabricated components.The company, founded in 1983 and commencing operations as a manufacturer of electrical laminations, has a history of strategic growth and expansion. Key historical milestones include:
- 1994 - 2000: Establishing an international presence with exports to the USA and undergoing Initial Public Issue and listing on BSE and HSE.
- 2005 - 2015: Listing on the National Stock Exchange and exporting to destinations including Mexico, Germany, and Vietnam.
- 2017: Commencing the construction of manufacturing units in Hyderabad and Aurangabad.
- 2024 - 2026: This period saw the approval of an additional Capex of Rs. 150 crore, along with plans for a merger with Pitti Castings Private Limited and Pitti Rail and Engineering Components Limited, and the acquisition of Bagadia Chaitra Industries (presently Pitti Industries Pvt ltd (PIPL)) and Dakshin Foundry (DFPL).
The company's current operations leverage its vertical integration, spanning from tooling and stamping to machining, fabrication, and casting, enabling it to deliver value-added, margin-accretive solutions.
PITTIENG Stock Price Movement
On Friday, Pitti Engineering Limited shares edged higher, gaining 0.46% to close at ₹901. The stock finished the session on strong buyer interest, supported by a significant total trading volume of 95,502 shares.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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