This Small-Cap Electrical Lamination Manufacturer Revenue Rises 17% YoY to Rs 457 Crore, PAT at Rs 23 Crore; Board Approves Rs 150 Crore Capacity Expansion

On Friday share price of Pitti Engineering Limited jumped over 4.6 per cent to its intraday high. As of 2:02 pm IST, the stock price was trading at 920.80 per share, up by 3.72 per cent.

Pitti Engineering Limited, one of India’s largest producers of electrical steel laminations and machined components, announced its un-audited Quarterly Results for the first quarter of fiscal year 2026 (Q1 FY26) ended June 30, 2025. The Hyderabad-based company reported consolidated revenue of Rs 457 crore, up 17 per cent year-on-year (Y-o-Y). Earnings Before Interest, Taxes, Depreciation and Amortization (EBITDA) stood at Rs 75 crore, rising 30 per cent Y-o-Y, while Profit After Tax (PAT) was Rs 23 crore, also up 17 per cent Y-o-Y.

Operationally, the company recorded strong capacity utilisation levels, with Machined Hours at 82 per cent, Sheet Metals at 70 per cent and Casting at 69 per cent. Sales volume growth was notable across segments – stator frames – core drop rose 28.0 per cent, shafts – machined components increased by 19.8 per cent, and stator frame or rotor shaft integrated assemblies – laminations grew by 15.8 per cent.

During the quarter, Pitti Engineering achieved milestones such as receiving technical approvals and supplying samples for its revarnishing line, with commercial production expected to start soon. The company also secured a second alternator platform for data centres with an existing customer, estimated to generate over Rs 20 crore annually at peak levels.

To support future growth, the Board approved a Rs 150 crore capital expenditure plan to expand manufacturing capacities at the Company and its wholly owned subsidiaries, Pitti Industries Private Limited and Dakshin Foundry Private Limited. Post-expansion, Sheet Metals capacity will increase from 90,000 MT to 1,08,000 MT annually, Machine Hours from 6,48,000 to 7,20,000 hours, and Castings from 18,600 MT to 24,600 MT. The funding will be through internal accruals and debt.

Managing Director & CEO Mr. Akshay S Pitti stated that strong demand from end-user industries, healthy order bookings, and backward integration capabilities place the company in a favourable position for sustained growth. Exports contributed 31 per cent to total revenue in Q1 FY26. He added that integration of Bagadia Chaitra and Dakshin Foundry, along with capacity ramp-ups, will further strengthen performance for the rest of the year.

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About Company

Pitti Engineering Ltd. engages in the provision of electrical tooling, stampings, and machining. The company offers steel lamination, motor cores, sub-assemblies, die-cast rotors, press tools, and machining of metal components. The firm supplies a range of engineering product to vastly diversified segments like hydro and thermal generation, windmill, mining, cement, steel, sugar, construction, lift irrigation, freight rail, passenger rail, mass urban transport, E-mobility, appliances, medical equipment, oil & gas, and several other Industrial applications. It operates through the India and Outside India geographical segments.

The company has a market cap of over Rs 3,400 lakh crore. The stock is up by 10 per cent from its 52-week low of Rs 383 per share and has given multibagger returns of 2,700 per cent in 5 years.

Disclaimer: The article is for informational purposes only and not investment advice.