Pitti Engineering Limited — Updates, 13-02-2025: Press Release

Total income for Pitti Engineering Limited for 9M FY25 reached ₹1,271.06 crore, representing a notable increase of 37.38% year-on-year. EBITDA rose to ₹191.05 crore, up by 47.95%, while PAT surged by 97.12% to ₹86.14 crore during the same period. In Q3 FY25, total income was recorded at ₹421.00 crore, a 37.95% increase from ₹305.19 crore in Q3 FY24, with EBITDA growing 30.05% year-on-year to ₹66.95 crore and PAT increasing significantly by 83.07% to ₹28.76 crore.

Operationally, the sheet metal capacity utilization stood at 76%, reflecting a 17% year-on-year growth, alongside consistent growth in machining and casting segments. Net debt amounts to ₹432.68 crore, with a debt-to-equity ratio of 0.48. The management highlighted positive momentum from merger integrations and anticipates further growth in the machined components business, enhancing margin profiles going forward. Positive outlook ahead as synergies from recent acquisitions are expected to drive continued growth.