Pitti Engineering Ltd. · NSE:PITTIENG
Pitti Engineering — Q2 & H1 FY26 Earnings Presentation
34 slides from Pitti Engineering's earnings presentation, Nov 7, 2025
Slide 1: Exchange filing cover letter
7th November 2025 To To BSE Limited National Stock Exchange of India Limited Floor 25, P J Towers, Dalal Street Exchange Plaza, Bandra Kurla Complex Mumbai – 400 001 Bandra (E), Mumbai – 400 051 Scrip Code: 513519 Scrip Code: PITTIENG Dear Sirs, Sub: Investor Presentation - Financial Results for the
Slide 2: Q2 & H1FY26 Investor Presentation
PITTI Engineering Limited Q2 & H1FY26 Investor Presentation
Slide 3: Safe Harbour
Safe Harbour This presentation and the accompanying slides (the “Presentation”), which have been prepared by Pitti Engineering Limited (the “Company”), have been prepared solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or subscribe for any se
Slide 4: Content
Content About US Who are we, Our Journey & Manufacturing Presence Our Strengths What Sets us Apart, The Pitti Way Operational and Financial Performance Quarter and Half Year Ended September 30th , 2025 Awards & Certifications Accolades that Inspire Annexures PITTI ENGINEERING LIMITED
Slide 5: About Us – Pitti Engineering Limited
About Us – Pitti Engineering Limited Vision Mission To enhance capabilities with cutting edge technology Simplifying Engineering Supply Chain To integrate multiple engineering processes To contract customer supply chain To provide uniquely integrated component 4 Decades 6 100+ manufacturing faciliti
Slide 6: Our Journey
Our Journey 1983 1987 1994-2000 ✓ Founded by Shri Sharad B. ✓ Commenced operations as a ✓ Focused on manufacturing of die cast rotor Pitti, started with an installed manufacturer of electrical laminations ✓ Established international presence by capacity of 2,500 MT for application in motors used in
Slide 7: Diversified Products Portfolio
Diversified Products Portfolio Rotating Electrical Equipment Loose Laminations Traction Stator Core Rotor Core Welded Stator Stator Assembly Die Cast Rotors Machined Components Gear Case Wolong Stator Frame Diagonal Gear Case Stator Frame Windmill Pedestal Shafts Value Added Products Rotor Assembly
Slide 8: State of the Art Manufacturing Facilities
State of the Art Manufacturing Facilities Macharam, Telangana Nandigaon, Telangana Kothur, Telangana Operations Centrally managed through SAP Software Laminations, low to high value Manufacturing Of Castings Fabrication and fettling assembling and large level Foundry activities activites machined co
Slide 9: Catering to Diversified Industries
Catering to Diversified Industries Industry Wise Revenue Breakup Traction motor and Railway components Renewable Energy India’s 4th largest railway network, backed by metro and high-speed rail projects, is driving demand for complex India targets 60 GW offshore wind with policy support, 31% 32% mach
Slide 10: Our Marque Clientele Base
Our Marque Clientele Base PITTI ENGINEERING LIMITED The Brand Names and Logos mentioned are the property of their respective owners and are used here for identification purposes only 9
Slide 11: Accelerating Growth Inorganically
Accelerating Growth Inorganically Acquisition of Pitti Industries Private Limited (Formerly Know as Bagadia Chaitra Industries Private Limited) • Acquired in March 2024, at an Enterprise Valuation of Rs. 124.9 crores • Specializes in the manufacture of electrical steel laminations, their assemblies
Slide 12: Content
Content About US Who are we, Our Journey & Manufacturing Presence Our Strengths What Sets us Apart, The Pitti Way Operational and Financial Performance Quarter and Half Year Ended September 30th 2025 Awards & Certifications Accolades that Inspire Annexures PITTI ENGINEERING LIMITED
Slide 13: What Sets Pitti Engineering Apart
What Sets Pitti Engineering Apart Market Leadership in Laminations India's largest manufacturer of electrical steel laminations, leveraging economies of scale for cost efficiency and high-volume output Integrated Manufacturing Capabilities Customer Focus Vertically integrated—from stamping Deep enga
Slide 14: Exports Dominance - Excellence Has No Borders
Exports Dominance - Excellence Has No Borders 11+ Europe Countries across 6 Germany continents with exports Spain presence North America Switzerland Asia-Pacific Canada Australia US China Mexico Kazakhstan 35% Export Revenue Growth from FY23 to FY25 South America & Africa Brazil South Africa FY23 FY
Slide 15: The Pitti Way
The Pitti Way Our Approach Input Output We have vertically integrated our operations from tooling to Become One Stop shop for our clients focus on Vertical Integration laminations and their assemblies; and from machined casting and producing margin accretive value-added products fabrication to machi
Slide 16: Experienced Board of Directors
Experienced Board of Directors Promoter Executive Directors A visionary with over four decades of industry leadership, he pioneered India’s lamination manufacturing and built With deep operational expertise since 2004, Akshay has the company from the ground up. His strategic foresight modernized the
Slide 17: Strong Management Team at Helm
Strong Management Team at Helm With deep operational expertise since 2004, Akshay has A manufacturing entrepreneur turned senior leader modernized the company through technology, high- post-acquisition, he brings deep domain knowledge in value manufacturing, and global competitiveness laminations an
Slide 18: Content
Content About US Who are we, Our Journey & Manufacturing Presence Our Strengths What Sets us Apart, The Pitti Way Operational and Financial Performance Quarter and Half Year Ended September 30th, 2025 Awards & Certifications Accolades that Inspire Annexures PITTI ENGINEERING LIMITED
Slide 19: Key Highlights Q2 & H1FY26
Key Highlights Q2 & H1FY26 Highest Ever Quarterly Total Income of Rs. 499 Crs in Q2FY26 Total Income EBITDA* PAT INR 499 Cr INR 78 Cr INR 40 Cr +9.6% YoY +17.5% YoY +5.4% YoY 16.3% EBITDA Margin 8.4% PAT Margin Highest Ever Half Yearly Total Income of Rs. 963 Crs in H1FY26 Total Income EBITDA* PAT I
Slide 20: Capacity Utilizations
Capacity Utilizations* Sheet Metals (MTs) Machining (Hours) Castings (MTs) 78% 76% 90% 77% 77% 66% Q2FY26 Q2FY25 Q2FY26 Q2FY25 Q2FY26 Q2FY25 Q2FY26 Annual 82,000 MTs 90,000 MTs 5,47,200 Hours 6,40,800 Hours 18,600 MTs 18,600 MTs Capacity Q2 FY25 Q2 FY26 Q2 FY25 Q2 FY26 Q2 FY25 Q2 FY26 Sheet Metals (
Slide 21: Sales Breakup – Volume
Sales Breakup – Volume* Sales in MT Q2FY26 Q2FY25 YoY H1FY26 H1FY25 YoY High value-added assemblies – 3,168 2,719 16.5% 6,189 5,366 15.3% Laminations Stator frame or Rotor shaft integrated assemblies - 1,146 859 33.4% 2,142 1,697 26.2% Laminations Machined Components 1,080 1,057 2.2% 2,316 1,958 18.
Slide 22: Financial Highlights – Q2 & H1 FY26
Financial Highlights – Q2 & H1 FY26 Total Income# EBITDA* Profit After Tax +13% +23% +10% 963 153 63 850 +5% 57 124 +10% +18% 38 40 455 499 78 66 Q2FY25 Q2FY26 H1FY25 H1FY26 Q2FY25 Q2FY26 H1FY25 H1FY26 Q2FY25 Q2FY26 H1FY25 H1FY26 Gross Profit Margin (%)* EBITDA Margin (%)* PAT Margin (%) + 20 bps +1
Slide 23: Profit & Loss Statement
Profit & Loss Statement Profit and Loss (Rs. Crs) Q2FY26 Q2FY25 Y-o-Y H1FY26 H1FY25 Y-o-Y Revenue from Operations 477.7 429.4 11.3% 934.3 820.8 13.8% Other Income 21.3 25.9 28.7 29.3 Total Income 499.1 455.3 9.6% 963.0 850.1 13.3% Cost of Goods Sold 289.7 260.9 567.6 499.2 Gross Profit* 188.0 168.4
Slide 24: Balance Sheet
Balance Sheet Assets (in Rs. Crs) Sep-25 Mar-25 Equity & Liabilities (in Rs. Crs) Sep-25 Mar-25 Non - Current Assets 1,167.5 1,149.2 Total Equity 939.7 898.7 Property, plant and equipment 797.2 766.2 Share Capital 18.8 18.8 Capital work-in-progress 66.6 63.0 Other Equity 920.9 879.8 Right-of-use ass
Slide 25: Abridged Cash Flow Statement
Abridged Cash Flow Statement Particulars (Rs. Crs) Sep-25 Sep-24 Net Profit Before Tax 90.4 80.8 Adjustments for: Non -Cash Items / Other Investment or Financial Items 101.4 70.0 Operating profit before working capital changes 191.8 150.7 Changes in working capital -84.4 19.7 Cash generated from Ope
Slide 26: Content
Content About US Who are we, Our Journey & Manufacturing Presence Our Strengths What Sets us Apart, The Pitti Way Operational and Financial Performance Quarter and Half Year Ended September 30th, 2025 Awards & Certifications Accolades that Inspire Annexures PITTI ENGINEERING LIMITED
Slide 27: Awards & Certifications
Awards & Certifications Product Outstanding 2 Growth Award 2 Best Supplier 3 Best Supplier development Performance in from GE from GE - Quality , Lean support from Quality Transportation Transportation & first from One Cummins from CG Power 2007 & 2011 2012 GE 2015 Generators 2019 2021 2 Excellence
Slide 28: Content – Annexures
Content About US Who are we, Our Journey & Manufacturing Presence Our Strengths What Sets us Apart, The Pitti Way Operational and Financial Performance Quarter and Half Year Ended September 30th, 2025 Awards & Certifications Accolades that Inspire Annexures PITTI ENGINEERING LIMITED
Slide 29: Historical Profit & Loss Statement
Historical Profit & Loss Statement Profit and Loss (Rs. Crs) FY25 FY24 FY23 FY22 Revenue from Operations 1,704.6 1,244.2 1,100.2 953.8 Other Income 38.8 48.5 17.9 16.5 Total Income 1,743.4 1,292.7 1,118.1 970.3 Cost of Goods Sold 1,016.5 771.0 782.3 678.1 Gross Profit* 688.1 473.2 317.9 275.7 Gross
Slide 30: Historical Balance Sheet
Historical Balance Sheet Assets (in Rs. Crs) Mar-25 Mar-24 Mar-23 Mar-22 Equity & Liabilities (in Rs. Crs) Mar-25 Mar-24 Mar-23 Mar-22 Non - Current Assets 1,149.2 657.0 435.7 368.8 Total Equity 898.7 472.9 334.0 283.9 Property, plant and equipment 766.2 371.8 278.9 227.9 Share Capital 18.8 16.0 16.
Slide 31: Historical Abridged Cash Flow Statement
Historical Abridged Cash Flow Statement Particulars (Rs. Crs) Mar-25 Mar-24 Mar-23 Mar-22 Net Profit Before Tax 161.6 119.4 79.9 70.6 Adjustments for: Non -Cash Items / Other Investment or Financial Items 140.9 101.4 88.2 76.0 Operating profit before working capital changes 302.5 220.8 168.1 146.6 C
Slide 32: Historical Financial Highlights
Historical Financial Highlights Total Income# EBITDA* Profit After Tax +22% 1,743 +27% 271 +33% 122 1,293 90 1,118 181 970 151 133 52 59 FY22 FY23 FY24 FY25 FY22 FY23 FY24 FY25 FY22 FY23 FY24 FY25 Gross Profit Margin (%)* EBITDA Margin (%)* PAT Margin (%) 38.0% 40.4% 15.9% 7.2% 7.2% 13.9% 13.8% 14.6
Slide 33: Financial Ratios
Financial Ratios ROE ROA ROCE 22.2% 7.6% 7.2% 17.4% 18.4% 17.2% 19.3% 19.0% 6.3% 6.3% 16.1% 17.8% 6.1% 14.7% 13.7% FY22 FY23 FY24 FY25 H1FY26 FY22 FY23 FY24 FY25 H1FY26 FY22 FY23 FY24 FY25 H1FY26 Debt / Equity (x) Asset Turnover (x) 1.4 3.3 3.3 1.2 3.1 2.5 0.9 2.2 0.8 0.7 FY22 FY23 FY24 FY25 H1FY26
Slide 34: Thank You
Thank You Pitti Engineering Limited CIN: L29253TG1983PLC004141 Contact us – shares@pitti.in For more Information visit company website www.pitti.in Strategic Growth Advisors Private Limited CIN: U74140MH2010PTC204285 Mr. Sagar Shroff / Mr. Ayush Haria sagar.shroff@sgapl.net / ayush.haria@sgapl.net +
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