Pitti Engineering Ltd's Q3FY25 Quarter Results
- 14 Feb 2025
Result Summary
- Pitti Engineering Ltd reported a 7.5% quarter-on-quarter (QoQ) decrease in its consolidated revenues for the quarter-ended Dec (Q3FY25). On a year-on-year (YoY) basis, it witnessed a growth of 41.8%.
- Its expenses for the quarter were down by 4.9% QoQ and up 37.7% YoY.
- The net profit decreased 24.4% QoQ and increased 115.9% YoY.
- The earnings per share (EPS) of Pitti Engineering Ltd stood at 7.6 during Q3FY25.
Financial Statments for Q3FY25
| (₹ crores) | Q3FY25 | Q2FY25 | Q3FY24 | QoQ (%) | YoY (%) |
|---|---|---|---|---|---|
Total Income | 421.00 | 455.26 | 296.92 | -7.5% | 41.8% |
Total Expenses | 382.34 | 402.08 | 277.65 | -4.9% | 37.7% |
Profit Before Tax | 38.66 | 53.17 | 19.27 | -27.3% | 100.6% |
Tax | 9.90 | 15.15 | 5.95 | -34.7% | 66.4% |
Profit After Tax | 28.76 | 38.02 | 13.32 | -24.4% | 115.9% |
Earnings Per Share | 7.60 | 10.20 | 4.20 | -25.5% | 81.0% |
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 company engaged in the business of manufacturing and supplying products that primarily cater to the electrical and mechanical engineering sectors. The company is known for producing electrical steel laminations, die-cast rotors, and machined components that are essential for rotating electrical machines and equipment. Pitti Engineering Ltd operates within the engineering industry, where it serves a diverse range of customers, including those in the automotive, power, and industrial sectors. As of the latest data available, there are no specific recent major developments publicly known that could be highlighted for the company. However, it is recognized for its focus on innovation and quality in its product offerings.
Revenue
In the third quarter of fiscal year 2025 (Q3FY25), Pitti Engineering Ltd reported a total income of ₹421.00 crores. This represents a decrease of 7.5% compared to the previous quarter (Q2FY25), where total income was ₹455.26 crores. However, on a year-over-year basis, there was a significant increase of 41.8% when compared to the same quarter in the previous year (Q3FY24), where the total income stood at ₹296.92 crores. The fluctuations in revenue illustrate changes in the company's income generation over different periods, reflecting both short-term and long-term performance dynamics.
Profitability
The company's profit before tax for Q3FY25 was ₹38.66 crores, which marks a decline of 27.3% from Q2FY25, where the profit before tax was ₹53.17 crores. Year-over-year, there was a substantial increase of 100.6% from Q3FY24, where the figure was ₹19.27 crores. The tax expense for Q3FY25 was ₹9.90 crores, showing a decrease of 34.7% compared to the previous quarter and an increase of 66.4% compared to the same quarter last year. Consequently, the profit after tax for Q3FY25 amounted to ₹28.76 crores, a decrease of 24.4% from Q2FY25 but an increase of 115.9% from Q3FY24. These figures detail the company's ability to generate profit after accounting for operational costs and tax obligations.
Operating Metrics
Earnings per share for Pitti Engineering Ltd in Q3FY25 were reported at ₹7.60, which is a decrease of 25.5% from Q2FY25, where it was ₹10.20. Compared to the same quarter of the previous year, there was an increase of 81.0% from ₹4.20 in Q3FY24. These EPS figures reflect the company's profitability on a per-share basis, providing insight into the value returned to shareholders. Total expenses for Q3FY25 were ₹382.34 crores, a decrease of 4.9% from Q2FY25's ₹402.08 crores but an increase of 37.7% from Q3FY24's ₹277.65 crores. This data captures the company's cost management and expenditure trends over the periods compared.
