Pitti Engineering Reports Q1 FY27 Results: Total Income Rises 14% as Adjusted PAT Jumps 25%
Pitti Engineering Limited, a major producer of electrical steel laminations and machined components in India, announced its unaudited financial results for the first quarter (Q1) ending June 30, 2026. The company reported consolidated figures showing Total Income reaching Rs. 530 Cr.The Q1 FY27 performance highlighted strong growth in key operational areas. Consolidated results showed a 14% year-on-year (YoY) increase in Total Income. The Adjusted EBITDA, excluding other income and ESOP cost, was reported at Rs. 89 Cr., reflecting an improved 16.8% EBITDA Margin.
Adjusted PAT post adding back the ESOP cost reached Rs. 32 Cr., marking a 25% growth compared to the previous year.
Operational Volumes Detail Q1 FY27
The company provided detailed operational volume data across its various product lines, encompassing laminations and machined components.Laminations and Assemblies Volume (in MT)
| Product Category | Q1 FY27 | Q1 FY26 | YoY Change | Q4 FY26 | QoQ Change |
|---|---|---|---|---|---|
| High value-added assemblies - Laminations | 4,143 | 3,021 | 37.1% | 3,574 | 15.9% |
| Stator frame or Rotor shaft integrated assemblies - Laminations | 1,212 | 996 | 21.7% | 1,233 | -1.7% |
| Loose Laminations and low value-added assemblies | 12,920 | 11,135 | 16.0% | 12,638 | 2.2% |
| Total Laminations | 18,275 | 15,152 | 20.6% | 17,445 | 4.8% |
| Other Machined components going into laminations & assemblies | 965 | 1,041 | -7.3% | 991 | -2.6% |
| Total Lamination & Assemblies | 19,240 | 16,193 | 18.8% | 18,436 | 4.4% |
The company also reported volumes for Raw Castings and Machined Components:
Raw Castings and Machined Components Volume (in MT)
| Product Category | Q1 FY27 | Q1 FY26 | YoY Change | Q4 FY26 | QoQ Change |
|---|---|---|---|---|---|
| Machined castings going into laminations & assemblies | 279 | 420 | -33.6% | 408 | -31.6% |
| Machined Components | 1,562 | 1,236 | 26.4% | 1,031 | 51.5% |
| Raw Castings | 1,350 | 1,405 | -3.9% | 1,344 | 0.4% |
| Total Castings & Machined Components | 3,191 | 3,061 | 4.2% | 2,783 | 14.7% |
| By products & Scrap | 15,574 | 11,428 | 36.3% | 11,987 | 29.9% |
Management Commentary
Commenting on the results, Mr. Akshay S Pitti, Managing Director and CEO, stated that the global manufacturing landscape continues to offer structural opportunities for India, driven by localization initiatives and the China plus one strategy. These trends are translating into increased opportunities across the company's businesses.Mr. Pitti noted that the company has consistently invested in capacity expansion programs to cater to this growing demand. This commitment is reflected in Q1 performance, evidenced by a 25% adjusted PAT growth alongside a 14% rise in revenues year-on-year. He added that the firm is setting strong momentum for FY27 and beyond, maintaining a focus on disciplined execution of expansion plans, deepening customer relationships, increasing the share of value-added products, and capitalizing on emerging global sourcing opportunities to deliver sustainable growth.
Pitti Engineering Limited operates as India's largest manufacturer and exporter of electrical laminations, and it is a prominent player in the production of machined castings and fabricated components. The company provides a comprehensive portfolio including motor cores, sub-assemblies, die-cast rotors, and press tools for diverse electrical applications.
PITTIENG Stock Price Movement
Today, Pitti Engineering Limited shares surged to close at ₹964.6, gaining 3.2% in a solid session for the stock. The equity traded within a tight intraday range, reaching a low of ₹942 and marking a high of ₹970.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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