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