India · Delayed Price · Currency is INR Pitti Engineering Earnings Call Transcripts
Fiscal Year 2026
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Revenue grew 12% YoY to INR 1,953 crores in FY 2026, with adjusted EBITDA up 20% and margin improvement. New CapEx will double casting capacity, targeting further growth in machine components and value-added products. Margin and export growth were impacted by energy and logistics disruptions.
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Revenue grew 15% YOY in Q3 and 13.9% for the 9-month period, with strong performance in railways, power, and data centers. Margins improved, inventory is being reduced, and FY26 revenue guidance is on track. Capex and export opportunities support a positive outlook.
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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% year-over-year, driven by acquisitions and capacity expansion. The company targets 15% revenue growth and 16.5%-17% EBITDA margin for FY26, focusing on efficiency and debt reduction amid raw material and geopolitical uncertainties.
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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 in the railway and energy sectors. Integration will focus on leveraging synergies, with no immediate relocation planned and senior management retained.