Hyderabad, 7 August 2025 – Pitti Engineering Limited, one of India’s largest producers of electrical steel laminations and machined components, reported robust financial results for the first quarter of FY26, ended 30 June 2025. The company registered a 17 per cent year-on-year rise in revenue to Rs 4.57 billion. EBITDA rose by 30 per cent to Rs 750 million, while profit after tax increased by 17 per cent to Rs 230 million.

During the quarter, capacity utilisation reached 82 per cent for machined hours, 70 per cent for sheet metals, and 69 per cent for castings. Sales volume for stator frames (core drop) grew by 28 per cent, shafts (machined components) rose by 19.8 per cent, and integrated assemblies of stator frames or rotor shafts (laminations) increased by 15.8 per cent.

Pitti also secured technical approvals and supplied sample products for its revarnishing line, with commercial production set to commence soon. A second platform for alternators for data centres was secured from an existing customer, expected to generate over Rs 200 million in revenue at peak.

The company has approved capital expenditure of Rs 1.5 billion to expand manufacturing capacity across its units, including wholly owned subsidiaries Pitti Industries Private Limited and Dakshin Foundry Private Limited. The expansion includes increasing annual sheet metal capacity from 90,000 MT to 1,08,000 MT, machining capacity from 6,48,000 hours to 7,20,000 hours, and castings capacity from 18,600 MT to 24,600 MT. The investment will be phased over 18 months, funded by internal accruals and debt.

Managing Director & CEO Akshay S Pitti commented, “We delivered a strong start to FY26, with solid revenue growth and increased profitability. Our backward integration and diversified portfolio position us well to capture domestic and export opportunities. With exports contributing 31 per cent to revenue this quarter, we’re on track to sustain growth and pursue our long-term strategic objectives.”

The company’s performance reflects its focus on integrated manufacturing, value addition, and scaling operations, further supported by the successful integration of Bagadia Chaitra and Dakshin Foundry.