Pitti Engineering Q1 Revenue Rises 17 per cent to Rs 4.57 Billion

08 Aug 2025 CW Team

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.

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.

Infrastructure Urban

07 Oct 2025

India To Invest $37 Billion To Boost Petrochemical Capacity

India is set to become a major global player in the petrochemicals industry, driven by a planned capital expenditure of $37 billion (Rs 3.1 trillion) aimed at reducing import dependency and enhancing self-sufficiency, according to S&P Global Ratings.In its latest report titled “First China, Now India: Self-Sufficiency Goals Will Add To Petrochemicals Supply”, S&P said India’s large-scale capacity expansion—mirroring China’s earlier push—will likely intensify oversupply pressures in Asia’s petrochemical markets.Currently the world’s third-largest petrochemical consumer a..

Infrastructure Transport

07 Oct 2025

Indian Railways Expands Global Exports Of Rail Equipment

Indian Railways has announced that it is rapidly emerging as a global exporter of railway equipment, including bogies, coaches, locomotives, and propulsion systems, under the government’s ‘Make in India, Make for the World’ initiative.According to an official statement, India’s railway products are now reaching over 16 international markets, reflecting the country’s growing capacity to design, develop, and deliver world-class rail solutions.Metro coaches have been exported to Australia and Canada; bogies to the United Kingdom, Saudi Arabia, France, and Australia; propulsion systems t..

Infrastructure Transport

07 Oct 2025

RailTel Awards Rs 163 Million Contract To RTNS Technology

RailTel Corporation of India Limited (RailTel), a Mini Ratna Public Sector Undertaking, has awarded a domestic work order worth Rs 163 million to RTNS Technology Private Limited.The contract, issued on 30 September 2025, involves the supply and installation of equipment and related services for one of RailTel’s key customers. The project underscores RailTel’s commitment to advancing technology and communication infrastructure through collaboration with domestic system integrators.RTNS Technology Private Limited, an ISO-certified system integrator, provides comprehensive solutions for perim..