Electrical Equipment & Products company Pitti Engineering announced Q3FY26 results Total Income: Rs 484 crore, change 15% YoY. EBITDA: Rs 83 crore, change 2% YoY. EBITDA Margin: 17.5% for Q3FY26. PAT: Rs 30 crore, change 4% YoY. PAT Margin: 6.3% for Q3FY26. Akshay S Pitti, Managing Director & CEO, said: “Our performance in Q3FY26 remained strong, with total income rising 15% YoY to Rs 484 crore, driven by consistent execution across operations. Adjusted EBITDA grew 25% to Rs 83 crore, while Adjusted PAT grew by 4% YoY to Rs 30 crore. For 9MFY26, revenue increased 14% to Rs 1,447 crore, reflecting robust volume growth across our value-added product portfolio. Finance costs were higher during the period as we consciously maintained elevated inventory levels in advance, given the continued uncertainty around the availability of BIS-certified steel. This approach helped us ensure uninterrupted execution of customer orders amid a challenging global economic environment. Going forward, we have secured tie-ups with BIS approved mills in Korea and Japan. With these arrangements now in place, we have started liquidating excess inventory and factoring receivables, which is expected to release working capital and lead to a reduction in finance costs. Capacity utilization continues to be healthy, supported by strong order flows and execution across railways, power, industrial & mining, and oil & gas sectors.Our exports business remained steady, contributing 28% to 9MFY26 revenues despite global uncertainties and geopolitical tensions. Our capex plan remains on track, with announced investments aligned to anticipated future demand. This includes calibrated expansion across key facilities and value-added capabilities to ensure we are well-prepared to meet growing orders and strengthen our competitive position. As a strategic initiative, the Board has approved the merger of the Wholly Owned Subsidiaries (Pitti Industries Private Limited & Dakshin Foundry Private Limited) with the Company to streamline administrative, operational, and corporate structures. This consolidation is aimed at enhancing efficiencies and generating synergies across the organization. Looking ahead, we remain focused on disciplined execution, calibrated capacity expansion, and strengthening our presence across key end segments. With clear demand visibility and ongoing investments in value-added capabilities, the Company is well-positioned to deliver sustainable medium-term growth.” Result PDF
Electrical Equipment company Pitti Engineering announced Q2FY26 results Total Income: Rs 499 crore during Q2FY26, change 10% YoY. EBITDA: Rs 78 crore during Q2FY26, change 18% YoY. EBITDA Margin: 16.3% for Q2FY26. PAT: Rs 40 crore during Q2FY26, change 5% YoY. PAT Margin: 8.4% for Q2FY26. Akshay S Pitti, Managing Director & CEO said: “Our performance in Q2FY26 remained resilient, with total income of Rs 499 crore reflecting a 10% YoY growth and EBITDA improving by 18% to Rs 78 crore. On a half-year basis, revenue stood at Rs 963 crore with a 13% growth and EBITDA at Rs 153 crore, up 23% over the previous year. These results demonstrate consistent performance amidst a challenging business environment, supported by operational discipline and prudent financial management. We remain focused on sustaining this momentum through efficiency improvements, cost optimization, and strengthening our market position in the coming quarters. Over the years, Pitti Engineering has evolved into a more integrated and value-driven player across the manufacturing value chain, deepening our relationships with marquee customers and expanding our presence across industries. With sustained demand, a diversified industry base, and our upcoming Rs 150 crore capacity expansion plan, we are well positioned to capture emerging opportunities, enhance margins, and continue delivering sustainable growth in the years ahead.” Result PDF
Conference Call with Pitti Engineering Management and Analysts on Q1FY26 Performance and Outlook. Listen to the full earnings transcript.