Conference Call with Pitti Engineering Management and Analysts on Q4FY26 & Full Year Performance and Outlook. Listen to the full earnings transcript.
Electrical Equipment & Products company Pitti Engineering announced Q4FY26 & FY26 results Consolidated Financial Highlights: Revenue from Operations: For FY26, revenue stood at Rs. 1,91,280.36 lakh, representing a YoY growth of 12.22% from Rs. 1,70,456.71 lakh in FY25. For Q4FY26, revenue reached Rs. 50,108.85 lakh, an increase of 6.89% YoY compared to Rs. 46,877.71 lakh in Q4FY25, and a QoQ increase of 4.96% from Rs. 47,742.15 lakh in Q3FY26. Total Income: Annual total income for FY26 was Rs. 1,95,291.37 lakh, up 12.02% from Rs. 1,74,336.01 lakh in FY25. Q4FY26 total income was Rs. 50,559.56 lakh, showing a YoY growth of 7.05% and a QoQ growth of 4.40%. Profit Before Tax (PBT): For FY26, PBT stood at Rs. 16,758.11 lakh, marking a 3.70% YoY increase from Rs. 16,160.17 lakh in FY25. For Q4FY26, PBT was Rs. 3,748.00 lakh, down 11.16% YoY from Rs. 4,218.73 lakh and down 5.57% QoQ from Rs. 3,968.93 lakh. Net Profit: The consolidated net profit for FY26 was Rs. 11,780.75 lakh, compared to Rs. 12,228.63 lakh in FY25 (a decrease of 3.66%). For Q4FY26, net profit stood at Rs. 2,661.34 lakh, down 26.35% YoY and 5.68% QoQ. Standalone Financial Highlights: Revenue from Operations: Standalone revenue for FY26 was Rs. 1,59,001.01 lakh, a growth of 4.29% YoY over Rs. 1,52,454.81 lakh in FY25. For Q4FY26, revenue was Rs. 38,977.03 lakh, a decrease of 7.62% YoY from Rs. 42,192.07 lakh and a decrease of 7.54% QoQ from Rs. 42,154.20 lakh. Total Income: Annual standalone total income for FY26 reached Rs. 1,62,890.18 lakh versus Rs. 1,56,295.81 lakh in FY25. Q4FY26 total income stood at Rs. 39,366.68 lakh, a YoY decline of 7.44% and a QoQ decline of 8.01%. Net Profit: Standalone net profit for FY26 was Rs. 9,752.55 lakh, representing an 8.71% YoY decrease from Rs. 10,683.47 lakh in FY25. Q4FY26 net profit was Rs. 2,263.80 lakh, down 24.48% YoY but up 4.15% QoQ from Rs. 2,173.51 lakh. Business Highlights: Dividend: The Board has recommended a final dividend of Rs. 2.50/- (50%) per equity share of face value Rs. 5/- each for FY26. Greenfield Capital Expenditure: The Board approved a capex of Rs. 290 crore for setting up a greenfield casting and machined components facility in the Macharam region of Telangana. The project is expected to be completed in three years. Capacity Expansion: The total combined installed casting capacity is expected to increase from the current 18,600 MT per annum to 36,000 MT per annum upon commissioning of the new greenfield facility and planned debottlenecking. Current casting capacity utilization is approximately 71%. Corporate Restructuring: The Board approved the Scheme of Amalgamation of Pitti Industries Private Limited (PIPL) and Dakshin Foundry Private Limited (DFPL) with the Company, effective from April 1, 2026. Geographical Segment Performance (Consolidated): India: Revenue for FY26 was Rs. 1,38,149.74 lakh, a 14.73% YoY increase. Outside India: Revenue for FY26 stood at Rs. 53,130.62 lakh, representing a 6.18% YoY growth. Asset Monetization: Upon the commissioning of the new Macharam facility, the company proposes to monetize its existing Hosakote facility. Akshay S Pitti, Managing Director & CEO said, “Company delivered a steady performance in FY26, with total income growing 12% YoY to Rs 1,953 crore, supported by demand across our value-added product portfolio. Adj. EBITDA increased by 20% YoY to Rs 326 crore, with margins improving to 17.0%, while Adj. PAT stood at Rs 128 crore an increase of 4%. Capacity utilization remained strong driven by robust demand from the railways, power, industrial & mining, and oil & gas sectors. Exports continue to strong despite geopolitical uncertainties, contributing 27% of total revenue. We are also witnessing huge growth opportunities in emerging segments such as data centers and renewable energy. Our ongoing Rs. 150 crore capex program remains on track. In addition, given the strong business outlook and growth visibility, we are announcing an additional Rs. 290 crore investment towards a greenfield casting & machined component facility. Going forward, we remain focused on disciplined execution, prudent capital allocation, and expanding our presence across key end-user industries. This positions us well for sustainable medium-term growth.” Result PDF