Pitti Engineering Ltd. · NSE:PITTIENG
Pitti Engineering — Q3 FY2022 Earnings Presentation
24 slides from Pitti Engineering's earnings presentation, Feb 11, 2022
Slide 1: Outcome of Board Meeting
.* Pitti Engineering Limited (Formerty P;tli Laminations Limitedl lS0 9001:2015 150 14001:2015 wtYw.pitti.in 'l7hFebruary 2022 PITTI 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 -
Slide 2: Independent Auditor's Review Report on Standalone Results
HlIJIi;liyas&.se lndependent Auditor's Review Report on Unaudited Standalone 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 amended. Review Report to The Board
Slide 3: Auditor's Review Report conclusion
Laxminiwas& charleredaccountants v\_- 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 prac
Slide 4: Standalone financial results statement
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Slide 5: Standalone financial results statement (continued)
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Slide 6: Standalone financial results statement (continued)
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Slide 7: Independent Auditor's Review Report on Consolidated Results
0. h*"X.n:*iyase*g.e 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 amended. Review Report to
Slide 8: Auditor's Review Report conclusion (consolidated)
LaxminiwasR charteredaccounlants \'--- co The statcmcnt includes the interim financial information of one subsidiary, which have been revicwed by us, whose interim financial statements reflect total revenue of Rs. 198 and net loss of Rs. 72,438 for the quarter ended 31,t December, 2021 For Laxminiwa
Slide 9: Consolidated financial results statement
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Slide 10: Consolidated financial results statement (continued)
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Slide 11: Consolidated financial results statement (continued)
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Slide 12: Pitti Engineering Limited Results Q3 – FY 2021-22
Pitti Engineering Limited (Formerly Pitti Laminations Limited) (BSE: 513519, NSE: PITTIENG) Results Q3 – FY 2021-22 Investor Update 1
Slide 13: 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 14: Key Financial Highlights – Q3 FY22 (YoY)
Key Financial Highlights – Q3 FY22 (YoY) REVENUE EBIDTA PBT ₹ 265.46 Cr. ₹ 34.28 Cr. ₹ 15.60 Cr. [up: 75.00% YoY] [up: 35.92% YoY] [up: 54.15% YoY] PAT EPS CASH GENERATION ₹ 11.52 Cr. ₹ 3.60 ₹ 21.26 Cr. [up: 58.68% YoY] [up: 59.29% YoY] [up: 40.61% YoY] 3
Slide 15: Abridged Profit & Loss – Q3 FY22 (YoY)
Abridged Profit & Loss – Q3 FY22 (YoY) (₹ in Cr.) Particulars Q3 FY22 Q3 FY21 YoY (%) INCOME Total Income from Operations 265.46 151.69 75.00% EXPENSES - Cost of material consumed 193.92 96.89 100.14% - Employee benefit expenses 19.70 16.02 22.97% - Finance costs 9.88 7.69 28.48% - Depreciation and
Slide 16: Key Financial Highlights – 9M FY22 (YoY)
Key Financial Highlights – 9M FY22 (YoY) REVENUE EBIDTA PBT ₹ 683.80 Cr. ₹ 97.27 Cr. ₹ 43.59 Cr. [up: 95.85% YoY] [up: 89.50% YoY] [up: 325.27% YoY] PAT EPS CASH GENERATION ₹ 31.88 Cr. ₹ 9.95 ₹ 60.52 Cr. [up: 321.14% YoY] [up: 321.61% YoY] [up: 103.63% YoY] 5
Slide 17: Abridged Profit & Loss - 9M FY22 (YoY)
Abridged Profit & Loss - 9M FY22 (YoY) (₹ in Cr.) Particulars 9M FY22 9M FY21 YoY (%) INCOME Total Income from Operations 683.80 349.15 95.85% EXPENSES - Cost of material consumed 478.43 223.68 113.89% - Employee benefit expenses 58.18 38.90 49.56% - Finance costs 27.31 20.49 33.28% - Depreciation a
Slide 18: Revenue Analysis Based On End User Application
Revenue Analysis Based On End User Application (₹ in Cr.) Applications Q3 FY 22 % Q2 FY 22 % Appliances & Consumer Durables 3.89 1.47% 6.06 2.50% Data Centre Backup Power System 6.91 2.60% 5.94 2.45% Industrial & Commercial Motors 40.64 15.31% 46.32 19.10% Mining, Oil & Gas 8.25 3.11% 8.60 3.55% Pow
Slide 19: Quantitative Data
Quantitative Data As on As on Capacity Available (Annualized) YoY (%) 31.12.2021 31.12.2020 Sheet Metal – Tons Per Annum 41,000 36,000 13.89% Machining – Hours Per Annum 3,77,196 3,62,800 3.97% Avg. Capacity Utilization % during the Quarter Q3 FY 22 Q3 FY 21 Sheet Metal 83.90% 80.62% Machining 95.20
Slide 20: Operational Highlights
Operational Highlights Sales in MT Q3 FY22 % Q3 FY 21 % Loose Lamination 2719 31.83% 1802 27.00% Assembled & Value added 5823 68.17% 4872 73.00% Total 8542 100.00% 6674 100.00% Particulars Q3 FY22 Q3 FY21 Blended Sales Realization (₹ per metric ton) 3,10,036 2,26,733 Blended EBIDTA (₹ per metric ton
Slide 21: Q3 Performance Over 3 Years
Q3 Performance Over 3 Years Revenue (₹ in Cr.) EBITDA (₹ in Cr.) PAT (₹ in Cr.) 300 40 15 265.46 34.28 11.52 250 30 25.22 10 200 151.69 7.26 150 120.44 20 17.89 5 4.06 100 10 50 0 0 0 Q3 FY20 Q3 FY21 Q3 FY22 Q3 FY20 Q3 FY21 Q3 FY22 Q3 FY20 Q3 FY21 Q3 FY22 Cash Generation (₹ in Cr.) EPS (₹) Book Valu
Slide 22: Performance Over 3 Years (9M)
Performance Over 3 Years (9M) Net worth (₹ in Cr.) Total Assets (₹ in Cr.) DE Ratio 300 266.12 1000 878.35 2 206.58 215.60 664.87 750 200 584.55 1.15 1.23 1.02 500 1 100 250 0 0 0 9M FY20 9M FY21 9M FY22 9M FY20 9M FY21 9M FY22 9M FY20 9M FY21 9M FY22 ROCE % (Annualized) ROE % (Annualized) Total Wor
Slide 23: Management Speaks
Management Speaks Shri Akshay S Pitti Vice-Chairman & Managing Director We are delighted to report a good set of numbers for the 9 months ending on 31st December 2021. The Indian economy has continued to show its resilience amongst the 3rd wave of Covid. The GDP growth rate forecast at 8% - 8.5% for
Slide 24: 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,