India · Delayed Price · Currency is INR Pitti Engineering Earnings Call Transcripts
Fiscal Year 2026
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Q3 and 9-month results showed double-digit revenue and EBITDA growth, with strong demand in railways, power, and data centers. Inventory and finance costs are set to decline, and FY26 revenue guidance remains on track, supported by capacity expansion and favorable export conditions.
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Record quarterly income and EBITDA growth driven by higher value-added products and strong demand in traction motor, railway, and data center sectors. CapEx and capacity expansion continue, with supply chain risks managed through diversified sourcing and elevated inventory.
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Q1 FY26 saw 17% revenue growth and 30% EBITDA growth, with margins rising to 16.5%. Capacity expansion of INR 150 crores is underway, and management maintains a 15% revenue growth outlook for FY26, with strong demand across high-margin segments and a focus on debt reduction.
Fiscal Year 2025
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FY25 saw strong growth with revenue up 34.87% and EBITDA up 49.77%, driven by acquisitions and capacity expansion. FY26 guidance targets 15% revenue growth, 10% volume growth, and EBITDA margin improvement to 16.5%-17%, with focus on efficiency and debt reduction.
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Q3 saw record machine component volumes, 37% YoY revenue growth, and a 16.13% EBITDA margin. FY25 revenue is guided at INR 1,750 crore, with strong export performance and new capacity coming online. Margin gains are expected from integration and product mix.
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Consolidated revenue and profits saw robust YoY growth in Q2 and H1 FY25, driven by recent acquisitions, capacity expansion, and strong demand in key segments like data centers, renewables, and locomotives. EBITDA margin guidance remains at 15–16%, with net debt set to decline.
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Q1 FY25 delivered record revenue, EBITDA, and volumes, driven by strong export and segment performance. Net debt reduced significantly post-funding, and new capacity plus acquisitions are set to boost future growth. Optimistic guidance for surpassing annual targets.
Fiscal Year 2024
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The acquisition of Dakshin Foundry for INR 153.12 crores enhances technical capabilities, expands the product range, and strengthens client relationships, especially in the railway and energy sectors. The deal is EPS accretive, with integration plans leveraging synergies and optimizing manufacturing across facilities.