Pitti Engineering Ltd. · NSE:PITTIENG
Pitti Engineering — Q1 FY2024 Earnings Presentation
21 slides from Pitti Engineering's earnings presentation, Aug 14, 2023
Slide 1: Regulation 30 cover letter to BSE and NSE
14th August 2023 To, To, BSE Ltd 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: Regulation 30 of SEBI (Listing Obligations and Discl
Slide 2: Investor Presentation Q1 – FY2024
INVESTOR PRESENTATION Q1 – FY2024 Pitti Engineering Limited
Slide 3: 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 4: Management Commentary
Management Commentary Our Company has recorded a net profit of ₹ 13.97 crore in Q1 FY24, achieving a year-on-year growth of 19.30% against total revenue of ₹ 290.71 crore. Our EBIDTA for Q1 FY 24 grew by 19.69% year-on-year growth to ₹ 42.43 crore, highest ever EBITDA recorded for a quarter. The ong
Slide 5: Sectoral update
Sectoral update PITTI ENGINEERING LIMITED 4 @2023
Slide 6: Key macroeconomic indicators
Key macroeconomic indicators Indian economy is projected to have grown by 6.6% in FY24. Annual inflation rate in slowed sharply to 4.7% in April of 23, 4.31% in May 23 and 4.81% in June 23 – Down to 2021 levels. Expected to be surge in Jul-August Investment activity gained further steam on the back
Slide 7: Quarterly highlights
Quarterly highlights Revenue of ₹ 290.71 Crores in Q1FY24 - down by 6.54% on YoY basis EBITDA of ₹ 42.43 Crores in Q1FY24 - up by 19.69% on YoY basis PAT of ₹ 13.97 Crores in Q1FY24 - up by 19.30% on YoY basis PITTI ENGINEERING LIMITED 6 @2023
Slide 8: Q1 - Key performance indicators
Q1 - Key performance indicators (₹ in Cr) Particulars Revenue EBITDA PAT Q1 FY24 290.71 42.43 13.97 Q1FY23 311.06 35.45 11.71 Year-on-Year (6.54)% 19.69% 19.30% Q1FY22 175.84 27.95 7.36 PITTI ENGINEERING LIMITED 7 @2023
Slide 9: Q1 - Key performance indicators
Q1 - Key performance indicators Revenue EBITDA PAT Cash Accruals EPS (₹ in Cr) (₹ in Cr) (₹ in Cr) (₹ in Cr) (₹) Q1 FY22 Q1 FY23 Q1 FY24 Q1 FY22 Q1 FY23 Q1 FY24 Q1 FY22 Q1 FY23 Q1 FY24 Q1 FY22 Q1 FY23 Q1 FY24 Q1 FY22 Q1 FY23 Q1 FY24 42.43 27.13 4.36 311.06 13.97 290.71 35.45 3.65 21.99 11.71 27.95 1
Slide 10: Q1 - Performance snapshot
Q1 - Performance snapshot (₹ in Cr) Particulars Q1 FY24 Q1 FY23 YoY change Q1 FY22 Revenue from Exports 91.96 106.35 (13.53)% 59.91 Revenue from Domestic 197.83 204.19 (3.11)% 115.47 Other income Domestic 0.92 0.52 76.92% 0.46 Total Income / Revenue 290.71 311.06 (6.54)% 175.84 RM consumed & Change
Slide 11: Q1 - Performance snapshot
Q1 - Performance snapshot (₹ in Cr) Particulars Q1 FY24 Q1 FY23 YoY change Q1 FY22 EBITDA excl. other income 42.43 35.45 19.69% 27.95 Other income 0.92 0.52 76.92% 0.46 Finance costs 11.61 10.70 8.50% 9.25 Depreciation and amortisation 13.16 10.28 28.02% 8.98 Tax expenses 4.61 3.28 40.55% 2.82 PAT 1
Slide 12: Q1 - Operational highlights
Q1 - Operational highlights Annual Capacity as at the quarter end Q1 FY24 Q1 FY 23 YoY Change Q1 FY 22 Sheet Metal – MTs 50,200 50,200 0.00% 39,600 Machining - Hours 4,60,800 4,03,200 14.29% 3,62,800 Capacity utilisation for the quarter Sheet Metal 77.79% 73.62% NA 61.13% Machining 86.28% 79.10% NA
Slide 13: Q1 - End-user application revenue breakup
Q1 - End-user application revenue breakup 2.25% 2.50% Q1 FY22 24.80% 23.23% 14.74% 16.22% 9.25% 7.02% ₹ 175.84 Cr 5.84% 2.65% Q1 FY23 32.51% 13.38% 12.85% 14.93% 10.53% 7.30% ₹ 311.06 Cr 2.41% 1.72% 2.41% Q1 FY24 31.99% 21.91% 15.48% 14.79% 9.29% ₹ 290.71 Cr 0.00% 10.00% 20.00% 30.00% 40.00% 50.00%
Slide 14: Q1 - End-user application revenue breakup
Q1 - End-user application revenue breakup (₹ in Cr) Q1 FY24 Q1 FY23 Q1 FY22 Applications Revenue % of Revenue Revenue % of Revenue Revenue % of Revenue Appliances & Consumer 0.02 0.01% 1.44 0.46% 2.37 1.35% Automotive 1.00 0.34% 1.26 0.41% 0.00 0.00% Data Centre 6.00 2.06% 5.55 1.78% 2.02 1.15% Indu
Slide 15: Corporate overview
Corporate overview PITTI ENGINEERING LIMITED 14 @2023
Slide 16: Delivering engineering excellence
Delivering engineering excellence As one of the leading One of the One of the engineering companies, we are focused on manufacturing value-added and assembled components Manufacturers and exporters of of assemblies for large alternators and through machining and electrical laminations in India motor
Slide 17: Focused on the long-term
Focused on the long-term Financial Operational Sustainable 44.06% 3 Vertically integrated *3-year CAGR Revenue State-of-the-art manufacturing plants Manufacturing process 39.27% 11 Diverse *3-year CAGR EBITDA Countries of export presence Product portfolio catering to several downstream industries 42
Slide 18: Marquee clientele
Marquee clientele PITTI ENGINEERING LIMITED 17 @2023
Slide 19: Industries we serve
Industries we serve Appliances Automotive Cement Construction Data Centres DG Set Electric Vehicle Freight Rail Hydro Lift Irrigation Marine Medical Motor Generator Equipment Mining Mass urban Other Pumps Passenger Rail Steel Transport Industries Sugar Thermal Power Wind Mill Wind Mills Generator PI
Slide 20: Contact us
Contact us PITTI ENGINEERING LIMITED Mr. M Pavan Kumar 6-3-648/401, 4th Floor, Padmaja Landmark, Chief Financial Officer Somajiguda Hyderabad 500082. Telangana , India. Mr. CS Rama Naidu T:+91 40 2331 2774 / 2331 2770 Intellect PR Email: info@pitti.in Mobile: +91 99202 09623 Website: www.pitti.in CI
Slide 21: Thank You
Thank You