Pitti Engineering's Q1 FY 2025-26 Quarterly Results

Result Summary

• Pitti Engineering Ltd reported a 29.1% quarter-on-quarter (QoQ) increase in its consolidated revenues for the quarter-ended Jun (Q1 FY 2025-26). On a year-on-year (YoY) basis, it witnessed a growth of 20.0%.
• Its expenses for the quarter were up by 39.3% QoQ and 19.1% YoY.
• The net profit decreased 43.3% QoQ and increased 11.3% YoY.
• The earnings per share (EPS) of Pitti Engineering Ltd stood at 6.1 during Q1 FY 2025-26.

Financial Statments for Q1 FY 2025-26

Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results

Company Overview

Pitti Engineering Ltd is a well-regarded company in the engineering sector, primarily engaged in the manufacturing of electrical rotating machines and components. The company specializes in producing a range of products including laminations, stator and rotor stampings, and die-cast rotors, which are integral components in various industrial applications. While specific recent developments about the company aren't provided, Pitti Engineering is known for its robust manufacturing capabilities and commitment to innovation in engineering solutions.

Revenue

In Q1FY26, Pitti Engineering Ltd reported a total income of ₹463.97 crores. This marks a significant increase of 29.1% compared to Q4FY25 where the total income was ₹359.32 crores. When compared to the same quarter in the previous year, Q1FY25, the total income saw a year-over-year growth of 20.0% from ₹386.71 crores. This robust revenue growth highlights the company’s capacity to enhance its income over both sequential and annual periods.

Profitability

The Profit Before Tax (PBT) for Q1FY26 was ₹36.54 crores, which represents a quarter-over-quarter decline of 30.3% from ₹52.41 crores in Q4FY25. However, on a year-over-year basis, PBT increased by 31.5% from ₹27.79 crores in Q1FY25. The tax expense for Q1FY26 stood at ₹13.66 crores, indicating a quarter-over-quarter increase of 13.3% and a significant year-over-year rise of 88.7%. Consequently, the Profit After Tax (PAT) was ₹22.88 crores, showing a decline of 43.3% from the last quarter’s ₹40.35 crores, yet an increase of 11.3% from ₹20.55 crores in the previous year’s same quarter. Earnings Per Share (EPS) for Q1FY26 was ₹6.10, which decreased by 51.6% from Q4FY25 and slightly decreased by 4.7% from Q1FY25.

Operating Metrics

Pitti Engineering Ltd’s total expenses for Q1FY26 were ₹427.42 crores. This amount reflects a 39.3% increase from Q4FY25’s ₹306.90 crores and a 19.1% rise from Q1FY25’s ₹358.92 crores. The increase in expenses outpaced revenue growth on a quarter-over-quarter basis, impacting profitability metrics such as PBT and EPS. Despite the elevated expenses, the company managed an overall increase in year-over-year profitability, highlighting efficiency in managing costs relative to income over a longer timeline.