Conference Call with Pitti Engineering Management and Analysts on Q1FY25 Performance and Outlook. Listen to the full earnings transcript.
Other Electrical Equipment/Products company Pitti Engineering announced Q1FY25 results: Q1FY25 Consolidated Financial Highlights: Total Revenue was at Rs 386.71 crore, as compared to Rs 290.71 crore in Q1 FY24, up by 33.02%. EBITDA was at Rs 56.35 crore, as compared to Rs 42.43 crore, registered a growth of 32.81% Net Profit was at Rs 20.55 crore, as compared to Rs 13.97 crore in Q1 FY24, clocking a growth of 47.10% Q1FY25 Standalone Financial Highlights: Total Revenue was at Rs 354.45 crore, as compared to Rs 290.71 crore in Q1 FY24, up by 21.93%. EBITDA was at Rs 54.34 crore, as compared to Rs 42.43 crore, registered a growth of 28.07% EBITDA per tonne stands at Rs 43,785 as compared to Rs 42,607 in Q1 FY24, registered a growth of 2.77% Net Profit was at Rs 19.70 crore, as compared to Rs 13.97 crore in Q1 FY24, clocking a growth of 41.02% Commenting on the results, Mr. Akshay S. Pitti, Managing Director & Chief Executive Officer said,“I am delighted that the company reported the highest ever sales and EBITDA for a quarter in Q1FY25. Consolidated total revenue was Rs 386.71 crore and EBDITA was Rs 56.35 crore. The net profit for the quarter grew by 47.10% to Rs 20.55 crore. We also achieved the highest ever sales volume for a quarter at 14,992MT, solidifying our position as the largest manufacturer of laminations in India. The expansion plan is track for commissioning by end of September. We continue to see robust demand from almost all our end markets. On the back of strong performance in Q1 coupled with the enhanced capacities & acquisitions I believe that we are well positioned to surpass our annual targets.” Result PDF