Pitti Engineering Ltd. · NSE:PITTIENG
Pitti Engineering — Q1 FY2022 Earnings Presentation
22 slides from Pitti Engineering's earnings presentation, Aug 5, 2021
Slide 1: Outcome of Board Meeting
Pitti Engineering Limited J} {Formerty Pittl Laminations Limitedl IS0 9001:2015 lS0 14001:2015 www.pitti.in PITTI 5th August 2021 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
Slide 2: Independent Auditor's Review Report - Standalone
al Laxminiwas(\ \, Co chanered accountanis Independent Auditor's Review Report on the Quarterly Unaudited Standalone 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
Slide 3: Standalone Unaudited Financial Results
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Slide 4: Consolidated Unaudited Financial Results
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Slide 5: Independent Auditor's Review Report - Consolidated
C* Laxminiwas&r \rA_ Co chanered accountants Independent Auditor's Reviery Report on the Quarterly Unaudited Consolidated Financial Results of Pitti Engineering Limited Pursuant to the Regulation 33 of the SEBI [Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended. Review R
Slide 6: Auditor Report: Subsidiary Information
I The statement includes the interim financial information of one subsidiary, which have been reviewed by us, whose interim financial information reflect total revenue of Rs. 0.00 Lakhs, net loss of Rs. 0.71 Lakhs for the quaner 30'h June, 202I. For Laxminiwas & Co Chaftered Accountants Firm Registr
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Slide 9: Pitti Engineering Limited Results Q1 – FY2022
Pitti Engineering Limited (Formerly Pitti Laminations Limited) (BSE: 513519, NSE: PITTIENG) Results Q1 – FY2022 Investor Update 1
Slide 10: 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 11: Contents
Contents 1. Key Financial Highlights – Q1 FY22 (YoY & QoQ)____________________________________________________ 4 2. Abridged Profit & Loss – Q1 FY22___________________________________________________________________5 3. Comments on Profit & Loss Account_______________________________________________
Slide 12: Key Financial Highlights – Q1 FY22 (YoY & QoQ)
Key Financial Highlights – Q1 FY22 (YoY & QoQ) (₹ in Crores) REVENUE EBITDA PBT ₹ 175.38 cr ₹ 27.95 cr ₹ 10.18 cr [up 184.94 %YoY, up [up:1234.75%YoY [up: 194.35%YoY 2.96% #QoQ] up 4.60% # QoQ] down 64.05% # QoQ] CASH PAT EPS GENERATION ₹ 7.40 cr ₹ 2.31 ₹ 16.19 [up: 175.66% YoY [up175.74%YoY [up 648
Slide 13: Abridged Profit & Loss – Q1 FY22
Abridged Profit & Loss – Q1 FY22 (₹ in Crores) Particulars Q1 Jun'21 Q1 Jun'20 YoY % Q4 Mar'21 QoQ % Total Revenue from Operations 175.38 61.55 184.94% 170.34 2.96% Operating Expenses 147.43 59.47 147.91% 143.62 2.65% EBIDTA 27.95 2.08 1243.75% 26.72 4.60% Less : Depreciation 8.98 6.90 30.14% 8.46 6
Slide 14: Comments on Profit & Loss Account
Comments on Profit & Loss Account ▪ REVENUE: The Company achieved total operating revenue of ₹ 175.38 crore in Q1FY22 as against ₹ 61.55 crore in Q1FY21 up by 184.94% on YoY basis and ₹ 170.34 crore in Q4FY21 up by 2.96% on QoQ basis, despite partial lockdowns in various states, we could sustain the
Slide 15: Comments on Profit & Loss Account CONTD..
Comments on Profit & Loss Account CONTD.. ▪ PROFIT AFTER TAX: The Company has achieved a PAT of ₹ 7.40 crore (4.21%) in Q1FY22 (including ₹ 0.26 crore forex loss) as against loss of ₹ 9.78 crore (-15.75%) in Q1FY21 (effected by the national lockdown) up by 175.66% on YoY basis and profit of ₹ 21.21
Slide 16: Revenue Analysis Based On End User Application
Revenue Analysis Based On End User Application (₹ in Crores) Applications Q1 Jun'21 Q1 Jun'20 YoY (%) Q4 Mar'21 QoQ (%) Consumer Durables 2.37 0.51 364.71% 7.05 (66.38)% HV/HT Motor 15.04 3.93 282.70% 15.8 (4.81)% LV/LT Motor 44.86 1.49 2910.74% 28.19 59.13% Mining, Oil & Gas 12.34 7.17 72.11% 11.9
Slide 17: Capacity Utilization (major process wise)
Capacity Utilization (major process wise) Lamination Q1 Jun'21 Q1 Jun'20 YoY (%) Q4 Mar'21 QoQ (%) Installed capacity - Qty in MT 9900 9000 10.00% 9000 10.00% Production - Qty in MT 6052 2403 151.86% 6602 (8.32)% % of Capacity Utilization 61.13% 26.70% 151.86% 73.35% (8.32)% Machining Q1 Jun'21 Q1 J
Slide 18: Quarterly Performance Over 5 Years
Quarterly Performance Over 5 Years Revenue (₹ in Cr) EBITDA (₹ in Cr) PAT (₹ in Cr) 200 10 7.40 175.84 30 27.95 150.21 4.03 4.49 25 5 2.49 150 130.98 21.37 18.91 99.29 20 0 100 15 12.46 Q1 18 Q1 19 Q1 20 Q1 21 Q1 22 62.09 -5 10 50 5 2.08 -10 (9.78) 0 0 -15 Q1 18 Q1 19 Q1 20 Q1 21 Q1 22 Q1 18 Q1 19 Q
Slide 19: Quarterly Performance Over 5 Years CONTD..
Quarterly Performance Over 5 Years CONTD.. EBITDA (%) PAT Margin (%) 10.00 20.00 15.94 3.08 4.21 5.00 2.51 2.99 13.60 14.49 14.28 15.00 - 10.00 Q1 18 Q1 19 Q1 20 Q1 21 Q1 22 -5.00 5.00 3.38 -10.00 0.00 -15.00 Q1 18 Q1 19 Q1 20 Q1 21 Q1 22 (15.75) -20.00 Working Capital Days Debt/ Equity Ratio 300 2.
Slide 20: 5 Year CAGR (FY17 to FY21)
5 Year CAGR (FY17 to FY21) Particulars CAGR Revenue 11.43% EBITDA 32.61% EBITDA Margin (%) 19.77% PAT 24.66% PAT Margin (%) 11.85% EPS 20.46% Net Worth 17.13% Cash Generation 58.32% 12
Slide 21: Management Speaks
Management Speaks Shri Akshay S Pitti Vice Chairman & Managing Director We estimate that we are at the beginning of a multi year growth cycle which we have not seen for the last 3 decades. We are seeing strong demand for our products and services across various applications from multiple end user in
Slide 22: 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,