Pitti Engineering Ltd. · NSE:PITTIENG
Pitti Engineering — Q2 & H1 FY2024 Earnings Presentation
28 slides from Pitti Engineering's earnings presentation, Nov 9, 2023
Slide 1: Exchange filing cover letter
9th November 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 Disc
Slide 2: Investor Presentation Q2 & H1 – FY2024
INVESTOR PRESENTATION Q2 & H1 – 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 We have achieved highest ever sales volume of 10,340 MT in Q2 FY24, YoY growth of sales volume is 17.38% as against 8,809 MT in Q2 FY23. Total revenue for Q2 FY24 is 302.85 Crore as against 304.54 Crore in Q2 FY 23. EBIDTA for Q2 FY24 grew by 16.44% year-on-year growth to ₹ 42.
Slide 5: Quarterly highlights
Quarterly highlights Revenue of ₹ 302.85 Crores in Q2FY24 - down by 0.55% on YoY basis EBITDA of ₹ 42.56 Crores in Q2FY24 - up by 16.44% on YoY basis PAT of ₹ 22.55 Crores in Q2FY24 - up by 121.95% on YoY basis PITTI ENGINEERING LIMITED 4 @2023
Slide 6: Q2 - Key performance indicators
Q2 - Key performance indicators (₹ in Cr) Particulars Revenue EBITDA PAT Q2 FY24 302.85 42.56 22.55 Q2 FY23 304.54 36.55 10.16 Year-on-Year (0.55)% 16.44% 121.95% Q2 FY22 242.51 35.04 13.15 PITTI ENGINEERING LIMITED 5 @2023
Slide 7: Q2 - Key performance indicators
Q2 - Key performance indicators Revenue EBITDA PAT Cash Accruals EPS (₹ in Cr) (₹ in Cr) (₹ in Cr) (₹ in Cr) (₹) Q2 FY22 Q2 FY23 Q2 FY24 Q2 FY22 Q2 FY23 Q2 FY24 Q2 FY22 Q2 FY23 Q2 FY24 Q2 FY22 Q2 FY23 Q2 FY24 Q2 FY22 Q2 FY23 Q2 FY24 42.56 7.03 22.55 34.83 304.54 302.85 36.55 35.04 242.51 22.46 13.15
Slide 8: Q2 - Performance snapshot
Q2 - Performance snapshot (₹ in Cr) Particulars Q2 FY24 Q2 FY23 YoY change Q2 FY22 Revenue from Exports 99.48 111.69 (10.93)% 64.60 Revenue from Domestic 190.81 192.48 (0.87)% 177.63 Other income Domestic 12.56 0.37 3294.59% 0.28 Total Income / Revenue 302.85 304.54 (0.55)% 242.51 RM consumed & Chan
Slide 9: Q2 - Performance snapshot
Q2 - Performance snapshot (₹ in Cr) Particulars Q2 FY24 Q2 FY23 YoY change Q2 FY22 EBITDA excl. other income 42.56 36.55 16.44% 35.04 Other income 12.56 0.37 3294.59% 0.28 Finance costs 11.20 12.03 (6.90)% 8.19 Depreciation and amortisation 12.28 10.61 15.74% 9.31 Tax expenses 9.09 4.12 120.63% 4.67
Slide 10: Q2 - Operational highlights
Q2 - Operational highlights Annual Capacity as at the quarter end Q2 FY24 Q2 FY23 YoY Change Q2 FY22 Sheet Metal – MTs 56,000 50,200 11. 55% 41,000 Machining - Hours 4,60,800 4,03,200 14.29% 3,70,000 Capacity utilisation for the quarter Sheet Metal 72.27% 71.29% NA 88.11% Machining 91.64% 82.18% NA
Slide 11: Q2 - End-user application revenue breakup
Q2 - End-user application revenue breakup (₹ in Cr) 0.18% 0.36% Q2 FY24 5.10% 15.05% 1.15% 12.45% 8.98% 4.26% 37.83% 14.66% ₹ 302.85 Cr 0.49% 0.56% Q2 FY23 3.93% 13.74% 1.77% 12.27% 10.77% 7.08% 36.68% 12.71% ₹ 304.54 Cr 2.50% 0.00% Q2 FY22 6.19% 14.70% 2.45% 19.10% 10.86% 3.55% 28.50% 12.60% ₹ 242.
Slide 12: Q2 - End-user application revenue breakup
Q2 - End-user application revenue breakup (₹ in Cr) Q2 FY24 Q2 FY23 Q2 FY22 Applications Revenue % of Revenue Revenue % of Revenue Revenue % of Revenue Renewable Energy 15.44 5.10% 11.97 3.93% 15.02 6.19% Power Generation 45.57 15.05% 41.84 13.74% 35.64 14.70% Data Centre 3.47 1.15% 5.39 1.77% 5.94
Slide 13: Half yearly highlights
Half yearly highlights Revenue of ₹ 593.56 Crores in H1 FY24 - down by 3.58% on YoY basis EBITDA of ₹ 84.99 Crores in H1 FY24 - up by 18.03% on YoY basis PAT of ₹ 36.52 Crores in H1 FY24 - up by 66.99% on YoY basis PITTI ENGINEERING LIMITED 12 @2023
Slide 14: H1 - Key performance indicators
H1 - Key performance indicators (₹ in Cr) Particulars Revenue EBITDA PAT H1 FY24 593.56 84.99 36.52 H1 FY23 615.60 72.01 21.87 Year-on-Year (3.58)% 18.03% 66.99% H1 FY22 418.34 62.99 20.51 PITTI ENGINEERING LIMITED 13 @2023
Slide 15: H1 - Key performance indicators
H1 - Key performance indicators Revenue EBITDA PAT Cash Accruals EPS (₹ in Cr) (₹ in Cr) (₹ in Cr) (₹ in Cr) (₹) H1 FY22 H1 FY23 H1 FY24 H1 FY22 H1 FY23 H1 FY24 H1 FY22 H1 FY23 H1 FY24 H1 FY22 H1 FY23 H1 FY24 H1 FY22 H1 FY23 H1 FY24 84.99 36.52 11.39 61.96 615.60 593.56 72.01 62.99 42.76 418.34 38.8
Slide 16: H1 - Key performance indicators
H1 - Key performance indicators Net Worth * ROCE * ROE * DE Ratio # Total Capital (₹ in Cr) (%) (%) Working Days H1 FY22 H1 FY23 H1 FY24 H1 FY22 H1 FY23 H1 FY24 H1 FY22 H1 FY23 H1 FY24 H1 FY22 H1 FY23 H1 FY24 H1 FY22 H1 FY23 H1 FY24 16.44 399.53 1.16 15.67 99 20.26 89 325.19 12.58 16.91 76 276.09 14
Slide 17: H1 - Performance snapshot
H1 - Performance snapshot (₹ in Cr) Particulars H1 FY24 H1 FY23 YoY change H1 FY22 Revenue from Exports 191.45 218.04 (12.20)% 124.51 Revenue from Domestic 388.62 396.67 (2.03)% 293.09 Other income Domestic 13.49 0.89 1415.73% 0.74 Total Income / Revenue 593.56 615.60 (3.58)% 418.34 RM consumed & Ch
Slide 18: H1 - Performance snapshot
H1 - Performance snapshot (₹ in Cr) Particulars H1 FY24 H1 FY23 YoY change H1 FY22 EBITDA excl. other income 84.99 72.01 18.03% 62.99 Other income 13.49 0.89 1415.73% 0.74 Finance costs 22.81 22.74 0.31% 17.44 Depreciation and amortisation 25.44 20.89 21.78% 18.30 Tax expenses 13.71 7.40 85.27% 7.48
Slide 19: H1 - Operational highlights
H1 - Operational highlights Annual Capacity as at the half year end H1 FY24 H1 FY23 YoY Change H1 FY22 Sheet Metal – MTs 56,000 50,200 11.55% 41,000 Machining – Hours 4,60,800 4,03,200 14.29% 3,70,000 Capacity utilisation for the half year Sheet Metal 71.00% 72.45% NA 73.58% Machining 88.96% 80.64%
Slide 20: H1 - End-user application revenue breakup
H1 - End-user application revenue breakup (₹ in Cr) 0.34% 0.47% H1 FY24 4.62% 14.73% 1.49% 12.65% 10.11% 5.80% 38.12% 11.67% ₹ 593.56 Cr 0.47% 0.48% H1 FY23 5.36% 12.82% 1.78% 13.61% 10.65% 7.19% 34.58% 13.05% ₹ 615.60 Cr 2.02% 0.00% H1 FY22 4.63% 14.63% 1.90% 17.89% 10.18% 5.01% 26.94% 16.81% ₹ 418
Slide 21: H1 - End-user application revenue breakup
H1 - End-user application revenue breakup (₹ in Cr) H1 FY24 H1 FY23 H1 FY22 Applications Revenue % of Revenue Revenue % of Revenue Revenue % of Revenue Renewable Energy 27.41 4.62% 33.02 5.36% 19.35 4.63% Power Generation 87.41 14.73% 78.92 12.82% 61.19 14.63% Data Centre 8.86 1.49% 10.94 1.78% 7.96
Slide 22: Corporate overview
Corporate overview PITTI ENGINEERING LIMITED 21 @2023
Slide 23: 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 24: 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% 12 Diverse *3-year CAGR EBITDA Countries of export presence Product portfolio catering to several downstream industries 42
Slide 25: Marquee clientele
Marquee clientele PITTI ENGINEERING LIMITED 17 @2023
Slide 26: 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 27: 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 28: Thank You
Thank You
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