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 Energy

19 Sep 2025

J&K CM Rules Out Power Privatisation, Focuses on Sector Reform

Jammu and Kashmir Chief Minister Omar Abdullah has dismissed speculation regarding privatisation of electricity in the Union Territory, emphasising that his priority is to strengthen and reform the power sector.“We are not discussing privatisation. By reducing losses, improving billing efficiency, and enhancing revenue, there will be no need for it. My vision is to strengthen and reform the power sector in J&K,” Abdullah stated.He addressed the gathering at the 58th Engineers’ Day at SKICC on Monday evening, an event honouring Bharat Ratna Sir M Visvesvaraya for his pioneering contri..

Infrastructure Urban

19 Sep 2025

Mumbai’s Sassoon Dock to Get Tech-Driven Modernisation with Finland

The Maharashtra government, in collaboration with Finland, will modernise Mumbai’s historic Sassoon Dock using advanced technology, state minister Nitesh Rane announced on Wednesday.Rane met a delegation of Finnish officials and representatives of Finnish companies at the dock to discuss strategic plans for upgrading the facility in south Mumbai, according to an official statement.Built in the 19th century, Sassoon Dock is one of Mumbai’s oldest and busiest fishing harbours. Operations currently exceed its original capacity, raising concerns over hygiene, odour, fish handling standards, an..

Infrastructure Energy

19 Sep 2025

Agarwal Industrial Wins Rs 3.3 Billion IOCL Bitumen Tender

Agarwal Industrial Corporation rose 3.84 per cent to Rs 945.65 after announcing it had secured a prestigious tender from Indian Oil Corporation (IOCL) worth Rs 3.3 billion.In a regulatory filing during market hours, the company confirmed it had won the tender to supply Bulk Bitumen (VG-30 and VG-40 grades) to IOCL’s Kakinada locations.The firm quantity under the award totals around 60,500 tonnes across 11 parcels, while the optional quantity is approximately 33,000 tonnes across six parcels. This brings the total awarded quantity to roughly 93,500 tonnes. At current market prices, the firm o..