Pitti Engineering Ltd. · NSE:PITTIENG
Pitti Engineering — Q2 FY2022 Earnings Presentation
26 slides from Pitti Engineering's earnings presentation, Nov 8, 2021
Slide 1: Outcome of Board Meeting
Pitti Engineering Limited J} lFormerty Pitti Laminations Lirnitedl ts0 9001:2015 ,so 14001:2015 www.pitti.in PITTI 8h November 2021 To, To, BSE Ltd National Stock Exchange of India Limited Floor 25, P J Towers, Dalal Sheet Exchange Plaza, Bandra Kurla Complex Mumbai - 400 001 Bandra (E), Mumbai - 40
Slide 2: Independent Auditor's Review Report on Standalone Results
C* k"*:Ii::iyas&.ge Independent Auditor's Revier,!/ Report on Unaudited Standalone Quarterly and Year to Date Financial Results ofPitti Engineering Limited Pursuant to the Regulation 33 ofthe SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended. Review Report to The B
Slide 3: Auditor's Review Report conclusion
Laxminiwas&, \rrE--Co Based on our review conducted as above, nothing has come to our attention that causes us to believe that the accompanying statement of unaudited financial results prepared in accordance with applicable accounting Standards and other recognized accounting practices and policies
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Slide 8: Independent Auditor's Review Report on Consolidated Results
C\ Laxminiwar&, \A_ Co cnanereo ac@unlants Independent Auditor's Review Report on the Unaudited Consolidated Quarterly and Year to Date Financial Results of Pitti Engineering Limited Pursuant to the Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as ame
Slide 9: Other Matters
h"*mj*iy"'&sp Other Matters The statement includes the interim financial information of one subsidiary, which have been reviewed by us, whose interim financial information reflect total assets of Rs. 13.83 Lakhs as at 30.09.2021, total revenue of Rs. NIL and Rs. NIL, net loss after tax ofRs. 0.76 La
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Slide 11: Statement of Consolidated Assets and Liabilities
Statement of Consolidated Assets and Liabilities Rin lakhs ‘Sl. No, Particulars As at 30th September As at 31st March 2021 2021 Un-Audited Audited A__ [ASSETS _ ___|__NON-CURRENT ASSETS _ — _ ee -roperty, plant and equipment _ 859.66 ___ 19,283.66 = 262.22 113.53 (c _ ‘ 1,592.14 1,807.10 (d) Right o
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Slide 14: Results Q2 – FY 2021-22
Pitti Engineering Limited (Formerly Pitti Laminations Limited) (BSE: 513519, NSE: PITTIENG) Results Q2 – FY 2021-22 Investor Update 1
Slide 15: Disclaimer
Disclaimer This presentation has been prepared by the Company based on information and data which the Company considers reliable, but the Company makes no representation or warranty, express or implied, whatsoever, and no reliance shall be placed on, the truth, accuracy, completeness, fairness and r
Slide 16: Key Financial Highlights – Q2 FY22 (YoY)
Key Financial Highlights – Q2 FY22 (YoY) REVENUE EBIDTA PBT ₹ 242.51 Cr. ₹ 35.04 Cr. ₹ 17.82 Cr. [up: 79.15% YoY] [up: 45.82% YoY] [up: 63.04% YoY] PAT EPS CASH GENERATION ₹ 12.95 Cr. ₹ 4.04 ₹ 23.06 Cr. [up: 28.34% YoY] [up: 28.25% YoY] [up: 31.40% YoY] 3
Slide 17: Abridged Profit & Loss – Q2 FY22
Abridged Profit & Loss – Q2 FY22 (₹ in Cr.) Particulars Q2 FY22 Q2 FY21 YoY% INCOME Total Income from Operations 242.51 135.37 79.15% EXPENSES - Cost of material consumed 169.42 85.84 97.37% - Employee benefit expenses 20.52 13.81 48.59% - Finance costs 8.19 6.29 30.21% - Depreciation and amortizati
Slide 18: Key Financial Highlights – H1 FY22 (YoY)
Key Financial Highlights – H1 FY 22 (YoY) REVENUE EBIDTA PBT ₹ 418.34 Cr. ₹ 62.99 Cr. ₹ 28.00 Cr. [up: 111.86% YoY] [up: 141.25% YoY] [up: 21438.46% YoY] PAT EPS CASH GENERATION ₹ 20.36 Cr. ₹ 6.35 ₹ 39.26 Cr. [up: 6467.74% YoY] [up: 6250% YoY] [up: 168.90% YoY] 5
Slide 19: Abridged Profit & Loss – H1 FY22
Abridged Profit & Loss – H1 FY22 (₹ in Cr.) Particulars H1 FY22 H1 FY21 YoY% INCOME Total Income from Operations 418.34 197.46 111.86% EXPENSES - Cost of material consumed 284.50 126.78 124.40% - Employee benefit expenses 38.48 22.87 68.26% - Finance costs 17.44 12.80 36.25% - Depreciation and amort
Slide 20: Revenue Analysis Based On End User Application
Revenue Analysis Based On End User Application (₹ in Cr.) Applications Q2 FY 22 % Appliances & Consumer Durables 6.06 2.50% Special Purpose Motors 26.33 10.86% Industrial & Commercial Motors 46.32 19.10% Mining, Oil & Gas 8.60 3.55% Power Generation (Thermal, Hydro & Onsite DG sets) 36.48 15.04% Ren
Slide 21: Quantitative Data
Quantitative Data As on As on Capacity Available (Annualized) YoY (%) 30.09.2021 30.09.2020 Sheet Metal – Tons Per Annum 41,000 36,000 13.89% Machining – Hours Per Annum 3,70,000 2,90,800 27.23% Avg. Capacity Utilization % during the Quarter Q2 FY 22 Q2 FY 21 Sheet Metal 88.11% 60.52% Machining 83.8
Slide 22: Operational Highlights
Operational Highlights Sales in MT Q2 FY 22 Q2 FY 21 YoY (%) Loose Lamination 2,592 1526 69.85% Assembled & Value added 6,018 4,125 45.89% Total 8,610 5,651 52.36% Particulars Q2 FY22 Q2 FY21 Blended Sales Realization (₹ per metric ton) 2,81,332 2,38,808 Blended EBIDTA (₹ per metric ton) 40,695 42,5
Slide 23: Q2 FY22 Vs. Q2 FY21
Q2 FY 22 Vs. Q2 FY 21 Revenue (₹ in Cr.) EBITDA (₹ in Cr.) PAT (₹ in Cr.) 300 40 35.04 15 12.95 242.51 250 10.93 30 24.03 10 200 150 135.37 20 5 100 10 50 0 0 0 Q2 21 Q2 22 Q2 21 Q2 22 Q2 21 Q2 22 Cash Generation(₹ in Cr.) EPS (₹) Book Value (₹) 100 25 23.06 79.74 5 4.04 75 20 17.55 64.98 4 3.15 15
Slide 24: H1 FY22 Vs. H1 FY21
H1 FY 22 Vs. H1 FY 21 Net worth (₹ in Cr.) Total Assets (₹ in Cr.) DE Ratio 300 800 791.05 5 255.58 662.44 250 208.27 4 600 200 3 150 400 2 1.36 100 1.20 200 1 50 0 0 0 H1 FY21 H1 FY22 H1 FY21 H1 FY22 H1 FY21 H1 FY22 ROCE % (Annualized) ROE % (Annualized) Total Working Capital Days 25.00% 20.55% 20
Slide 25: Management Speaks
Management Speaks Shri Akshay S Pitti Vice Chairman & Managing Director The country has emerged from the pandemic more resilient than ever, and we see infrastructure investment by the Government and Private Sector CAPEX like never before. Consequently, I am delighted to report that the Company has r
Slide 26: For further information visit www.pitti.in
For further information visit www.pitti.in PITTI ENGINEERING LIMITED (Formerly Pitti Laminations Limited) Mr. N.K Khandelwal President Corporate Resources & CFO 6-3-648/401, 4th Floor, Padmaja Landmark, Email: nk.khandelwal@pitti.in Somajiguda Hyderabad 500082. Telangana, India. Ph: 91-40-23312770,