Slide 1: Cover letter to stock exchanges
February 14, 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: Investor Presentation - Financial Results for the qua
Slide 2: Pitti Engineering Limited Investor Presentation Q3 - FY23
Pitti Engineering Limited INVESTOR PRESENTATION Q3 - FY23
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 Pitti Engineering Limited had a positive financial growth in the Q3 FY2023. The Company has recorded a net profit of ₹ 12.13 crore indicating a year-on year growth by 4.57% against a revenue of ₹ 239.08 crore. Our EBITDA recorded 13.24% year-on-year growth. The construction of
Slide 5: Sectoral update
Sectoral update Pitti Engeneering Limited 4 @2022
Slide 6: Key macroeconomic indicators
Key macroeconomic indicators • Indian economy is projected to have grown by 7% in FY23 and is expected to grow to 6.4% in FY24. • Inflation is now moderating, coming down from record high levels witnessed at the beginning of 2022. • Consumer demand and industrial output is gradually recovering. Howe
Slide 7: Budget Highlights
Budget Highlights • Significant hike in the capital expenditure of Union Government - increased capital investment allocation by 33.40% to INR 10 lakh crore - is expected to add further impetus for business growth. • The highest ever capital outlay of Rs 2.4 lakh crore for the Indian Railways - will
Slide 8: Quarterly highlights
Quarterly highlights Revenue of ₹ 239.08 Crores in Q3FY23 – down by 9.94% on YoY basis EBDITA of ₹ 38.82 Crores in Q3FY23- up by 13.24% on YoY basis PAT of ₹ 12.13 Crores in Q3FY23- up by 4.57% on YoY basis Revenue de-growth in absolute terms during the quarter is on account of softening of ra
Slide 9: Q3 - Key performance indicators
Q3 - Key performance indicators (₹ in Cr) Particulars Revenue EBITDA PAT Q3 FY23 239.08 38.82 12.13 Q3 FY22 265.46 34.28 11.60 Year-on-Year (9.94)% 13.24% 4.57% Q3 FY21 151.69 25.22 7.26 PITTI ENGINEERING LIMITED 8
Slide 10: Q3 - Key performance indicators
Q3 - Key performance indicators Revenue EBITDA PAT Cash Generation EPS (₹ in Cr) (₹ in Cr) (₹ in Cr) (₹ in Cr) (₹) Q3 FY21 Q3 FY22 Q3 FY23 Q3 FY21 Q3 FY22 Q3 FY23 Q3 FY21 Q3 FY22 Q3 FY23 Q3 FY21 Q3 FY22 Q3 FY23 Q3FY21 Q3FY22 Q3FY23 265.46 23.24 12.13 38.82 3.79 11.60 3.62 239.08 21.26 34.28 15.13 25
Slide 11: Q3 - Performance snapshot
Q3 - Performance snapshot (₹ in Cr) Particulars Q3 FY23 Q3 FY22 YoY change Q3 FY21 Revenue from operations 237.96 264.83 (10.15)% 151.32 Other income 1.12 0.63 77.78% 0.37 Total Income / Revenue 239.08 265.46 (9.94)% 151.69 RM consumed & Change in 159.04 193.92 (17.99)% 96.90 Inventory Employee cost
Slide 12: Q3 - Performance snapshot
Q3 - Performance snapshot (₹ in Cr) Particulars Q3 FY23 Q3 FY22 YoY change Q3 FY21 EBITDA excl. other income 38.82 34.28 13.24% 25.22 Other income 1.12 0.63 77.78% 0.37 Finance costs 11.99 9.88 21.36% 7.68 Depreciation and amortisation 11.00 9.43 16.65% 7.79 Tax expenses 4.82 4.00 20.50% 2.86 PAT 12
Slide 13: Q3 - Operational highlights
Q3 - Operational highlights Annual Capacity as at the quarter end Q3 FY23 Q3 FY22 YoY Change Q3 FY21 Sheet Metal – MTs 50,200 41,000 22.44% 36,000 Machining - Hours 4,03,200 3,77,196 6.89% 3,62,800 Capacity utilisation for the quarter Sheet Metal 66.25% 83.90% NA 80.62% Machining 85.35% 95.20% NA 85
Slide 14: Q3 - End-user application revenue breakup
Q3 - End- End-user application revenue breakup Q3 FY23 Q3 FY22 Appliances & Automotive Appliances & Automotive Consumer 0.77% Consumer 0.00% 0.18% 1.47% PITTI ENGINEERING LIMITED 13
Slide 15: Q3 - End-user application revenue breakup
Q3 - End- End-user application revenue breakup (₹ in Cr) Q3 FY23 Q3 FY22 Applications Revenue % of Revenue Revenue % of Revenue Appliances & Consumer 0.43 0.18 3.89 1.47 Automotive 1.83 0.77 - - Data Centre 5.92 2.48 6.91 2.60 Industrial & Commercial 32.79 13.72 40.64 15.31 Mining, Oil & Gas 18.56 7
Slide 16: 9M FY23 highlights
9M FY23 highlights Revenue of ₹ 854.67 Crores for 9M FY23 - up by 24.99% on YoY basis EBDITA of ₹ 110.83 Crores for 9M FY23 – up by 13.93% on YoY basis PAT of ₹ 33.99 Crores for 9M FY23 – up by 5.85% on YoY basis PITTI ENGINEERING LIMITED 15
Slide 17: 9M - Key performance indicators
9M - Key performance indicators (₹ in Cr) Particulars Revenue EBITDA PAT 9M FY23 854.67 110.83 33.99 9M FY22 683.81 97.28 32.11 Year-on-Year 24.99% 13.93% 5.85% 9M Q3 FY21 349.15 51.33 7.57 PITTI ENGINEERING LIMITED 16
Slide 18: 9M - Key performance indicators
9M - Key performance indicators Revenue EBITDA PAT Cash Generation EPS (₹ in Cr) (₹ in Cr) (₹ in Cr) (₹ in Cr) (₹) 9M FY21 9M FY22 9M FY23 9M FY21 9M FY22 9M FY23 9M FY21 9M FY22 9M FY23 9M FY21 9M FY22 9M FY23 9M FY21 9M FY22 9M FY23 854.67 110.83 66.20 10.61 33.99 10.02 32.11 60.52 97.28 683.81 29
Slide 19: 9M - Key performance indicators
9M - Key performance indicators DE Ratio Working Capital Days 9MFY21 9MFY22 9MFY22 9M FY21 9M FY22 9M FY23 152 1.11 1.11 92 73 0.96 PITTI ENGINEERING LIMITED 18
Slide 20: 9M - Performance snapshot
9M - Performance snapshot (₹ in Cr) Particulars 9M FY23 9M FY22 YoY change 9M FY21 Revenue from operations 852.67 682.44 24.94% 347.82 Other income 2.00 1.37 45.99% 1.33 Total Income / Revenue 854.67 683.81 24.99% 349.15 RM consumed & Change in 613.33 478.42 28.20% 223.68 Inventory Employee costs 66
Slide 21: 9M - Performance snapshot
9M - Performance snapshot (₹ in Cr) Particulars 9M FY23 9M FY22 YoY change 9M FY21 EBITDA excl. other income 110.83 97.28 13.93% 51.33 Other income 2.00 1.37 45.99% 1.33 Finance costs 34.73 27.31 27.17% 20.49 Depreciation and amortisation 31.89 27.73 15.00% 21.92 Tax expenses 12.22 11.50 6.26% 2.68
Slide 22: 9M - Operational highlights
9M - Operational highlights Annual Capacity as at the 9M 9M FY23 9M FY22 YoY change 9M FY21 Sheet Metal – MTs 50,200 41,000 22.44% 36,000 Machining – Hours 4,03,200 3,77,196 6.89% 3,62,800 Capacity utilisation for the 9M Sheet Metal 70.39% 77.02% NA 55.95% Machining 82.21% 88.25% NA 69.92% Sales in
Slide 23: 9M - End-user application revenue breakup
9M - End- End-user application revenue breakup 9M - FY23 9M - FY22 Appliances & Automotive Appliances & Automotive Consumer 0.6% Consumer 0.0% 0.4% 1.8% PITTI ENGINEERING LIMITED 22
Slide 24: 9M - End-user application revenue breakup
9M - End- End-user application revenue breakup (₹ in Cr) 9M - FY23 9M - FY22 Applications Revenue % of Revenue Revenue % of Revenue Appliances & Consumer 3.35 0.39% 12.32 1.80% Automotive 4.80 0.56% - - Data Centre 16.86 1.97% 14.87 2.17% Industrial & Commercial 116.60 13.64% 115.49 16.89% Mining, O
Slide 25: Corporate overview
Corporate overview PITTI ENGINEERING LIMITED 24
Slide 26: Delivering engineering excellence
Delivering engineering excellence One of the One of the As one of the leading engineering companies, we are focused on Manufacturers and exporters of assemblies for large alternators manufacturing value-added of electrical laminations in and motors in India and assembled components India through mac
Slide 27: Focused on the long-term
Focused on the long- long-term Financial Operational Sustainable 20.51% 3 Vertically integrated *5-year CAGR Revenue State-of-the-art manufacturing plants Manufacturing process 19.43% 11 Diverse *5-year CAGR EBITDA Countries of export presence Product portfolio catering to several downstream industr
Slide 28: Industries we serve
Industries we serve Appliances Cement Construction Data Centres DG sets Electrical vehicle motor Freight rail Hydro generations Lift irrigations Medical equipment Minning Mass urban transport Other industries Oxygen plants Pumps Passenger rail Steel Sugar Thermal power Wind mill generations Wind mil
Slide 29: Serving leading brands
Serving leading brands PITTI ENGINEERING LIMITED 28
Slide 30: Contact us
Contact us For further information visit www.pitti.in PITTI ENGINEERING LIMITED Mr. M Pavan Kumar (Formerly Pitti Laminations Limited) Chief Financial Officer 6-3-648/401, 4th Floor, Padmaja Landmark, Somajiguda Hyderabad 500082. Telangana , India. T:+91 40 2331 2774 / 2331 2770 F:+91 40 2339 3985 M