Pitti Engineering Ltd. · NSE:PITTIENG
Pitti Engineering — Q2 & H1 FY27 Earnings Presentation
32 slides from Pitti Engineering's earnings presentation, Oct 22, 2026
Slide 1: Cover letter to stock exchanges
22nd October 2026 To, To, BSE Limited National Stock Exchange of India Limited Floor 25, P J Towers, Dalal Street Exchange Plaza, Bandra Kurla Complex Mumbai – 400 001 Bandra (E), Mumbai – 400 051 Scrip Code: 513519 Scrip Code: PITTIENG Dear Sirs, Sub: Investor Presentation *** In terms of regulatio
Slide 2: Q2 & H1FY27 Investor Presentation
Pitti Engineering PITTI Engineering Limited Limited Q1FY27 Investor Presentation Integrated Partner. Simplified Customer Journeys. Q2 & H1FY27 Investor Presentation
Slide 3: Safe Harbour
Safe Harbour This presentation and the accompanying slides (the “Presentation”), which have been prepared by Pitti Engineering Limited (the “Company”), have been prepared solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or subscribe for any se
Slide 4: Content
Content Operational and Financial Performance Quarter Ended September 30th, 2026 About US Who are we, Our Journey & Manufacturing Presence Our Strengths What Sets us Apart, The Pitti Way Awards & Certifications Accolades that Inspire Annexures PITTI ENGINEERING LIMITED
Slide 5: Scaling Capacity to Support Long-Term Growth
Scaling Capacity to Support Long-Term Growth Target Capacity by FY31 : Post ~₹740 crore Capacity before capex announcement of investment (₹ 290 Crore + ₹ 450 crore), to be Rs 290 Crores live in phased manner Sheet Metals Capacity (MTs) 1,08,000 1,60,000 Castings Capacity (MTs) 24,600 36,000 Machinin
Slide 6: Capacity Utilizations
Capacity Utilizations Sheet Metals (MTs) Machining (Hours) Castings (MTs) 76% 78% 90% 85% 77% Q2FY27 52% Q2FY26 Q2FY27 Q2FY26 Q2FY27 Q2FY26 Q2FY27 Annual 90,000 MTs 1,08,000 MTs 6,40,800 Hours 8,13,600 Hours 18,600 MTs 24,600 MTs Capacity Q2 FY26 Q2 FY27 Q2 FY26 Q2 FY27 Q2 FY26 Q2 FY27 Sheet Metals
Slide 7: Sales Breakup – Volume
Sales Breakup – Volume Sales in MT Q2FY27 Q2FY26 YoY H1FY27 H1FY26 YoY Stator & Rotor Assemblies (Laminations) - High value-added assemblies – Laminations 4,786 3,168 51.1% 8,929 6,189 44.3% - Stator frame or Rotor shaft integrated assemblies – Laminations 1,350 1,146 17.8% 2,562 2,142 19.6% - Loose
Slide 8: Financial Highlights – Q2 & H1FY27
Financial Highlights – Q2 & H1FY27 Total Income1 Adjusted EBITDA* Adjusted PAT# +15.3% +13.6% -0.4% +16.3% 1,110 +13.6% 180 -15.1% 68 68 963 158 43 36 499 581 80 91 Q2FY26 Q2FY27 H1FY26 H1FY27 Q2FY26 Q2FY27 H1FY26 H1FY27 Q2FY26 Q2FY27 H1FY26 H1FY27 Gross Margin (%) Adjusted EBITDA Margin* (%) Adjust
Slide 9: Profit & Loss Statement
Profit & Loss Statement Profit and Loss (Rs. Crs) Q2FY27 Q2FY26 Y-o-Y H1FY27 H1FY26 Y-o-Y Revenue from Operations 578.4 477.7 21.1% 1,107.5 934.3 18.5% Other Income 2.1 21.3 3.0 28.7 Total Income 580.5 499.1 16.3% 1,110.5 963.0 15.3% Cost of goods sold 354.1 289.7 675.0 567.6 Gross Profit* 224.3 188
Slide 10: Balance Sheet
Balance Sheet Assets (in Rs. Crs) Sep-26 Mar-26 Equity & Liabilities (in Rs. Crs) Sep-26 Mar-26 Non - Current Assets 1,300.7 1,096.4 Total Equity 911.7 850.8 Property, plant and equipment 967.9 881.9 Share Capital 18.8 18.8 Capital work-in-progress 120.3 49.8 Other Equity 892.9 832.0 Right-of-use as
Slide 11: Abridged Cash Flow Statement
Abridged Cash Flow Statement Particulars (Rs. Crs) Sep-26 Sep-25 Net Profit Before Tax 81.5 90.4 Adjustments for: Non -Cash Items / Other Investment or Financial Items 99.1 101.4 Operating profit before working capital changes 180.6 191.8 Changes in working capital 164.8 -84.4 Cash generated from Op
Slide 12: Content
Content Operational and Financial Performance Quarter Ended September 30th, 2026 About US Who are we, Our Journey & Manufacturing Presence Our Strengths What Sets us Apart, The Pitti Way Awards & Certifications Accolades that Inspire Annexures PITTI ENGINEERING LIMITED
Slide 13: About Us – Pitti Engineering Limited
About Us – Pitti Engineering Limited Vision Mission To enhance capabilities with cutting edge technology Simplifying Engineering Supply Chain To integrate multiple engineering processes To contract customer supply chain To provide uniquely integrated component 4 Decades 6 100+ of engineering manufac
Slide 14: Diversified Products Portfolio
Diversified Products Portfolio Rotating Electrical Equipment Loose Laminations Traction Stator Core Rotor Core Welded Stator Stator Assembly Die Cast Rotors Machined Components SG Iron Casting Stator Frame Rotor Core Iron casting Stator Frame Fabricated frame Shafts Value Added Products Rotor Assemb
Slide 15: State of the Art Manufacturing Facilities
State of the Art Manufacturing Facilities Macharam, Telangana Nandigaon, Telangana Kothur, Telangana Operations Centrally managed through SAP Software Fabrication and fettling activities Laminations, low to high value Manufacturing Of Castings assembling and large level Foundry activities machined c
Slide 16: Catering to Diversified Industries
Catering to Diversified Industries Traction motor and Railway components Renewable Energy Industry Wise Revenue Breakup India’s 4th largest railway network, backed by metro and high-speed rail projects, is driving demand for complex machined parts India targets 60 GW offshore wind with policy suppor
Slide 17: Our Marque Clientele Base
Our Marque Clientele Base PITTI ENGINEERING LIMITED The Brand Names and Logos mentioned are the property of their respective owners and are used here for identification purposes only 16
Slide 18: Content
Content Operational and Financial Performance Quarter Ended September 30th, 2026 About US Who are we, Our Journey & Manufacturing Presence Our Strengths What Sets us Apart, The Pitti Way Awards & Certifications Accolades that Inspire Annexures PITTI ENGINEERING LIMITED
Slide 19: What Sets Pitti Engineering Apart
What Sets Pitti Engineering Apart Market Leadership in Laminations India's largest manufacturer of electrical steel laminations, leveraging economies of scale for cost efficiency and high-volume output Integrated Manufacturing Capabilities Customer Focus Vertically integrated—from stamping to Deep e
Slide 20: Exports Dominance - Excellence Has No Borders
Exports Dominance - Excellence Has No Borders 11+ Europe Germany Countries across 6 continents Spain with exports presence North America Switzerland Asia-Pacific Canada Australia US China Mexico Kazakhstan 43% Export Revenue Growth from South America & Africa FY23 to FY26 Brazil South Africa FY23 FY
Slide 21: The Pitti Way
The Pitti Way Our Approach Input Output We have vertically integrated our operations from tooling to laminations and Become One Stop shop for our clients focus on producing Vertical Integration their assemblies; and from machined casting and fabrication to machining and margin accretive value-added
Slide 22: Experienced Board of Directors
Experienced Board of Directors Promoter Executive Directors A visionary with over four decades of industry leadership, he With deep operational expertise since 2004, Akshay has pioneered India’s lamination manufacturing and built the company modernized the company through technology, high-value from
Slide 23: Strong Management Team at Helm
Strong Management Team at Helm With deep operational expertise since 2004, Akshay has modernized A manufacturing entrepreneur turned senior leader post- the company through technology, high-value manufacturing, and acquisition, he brings deep domain knowledge in laminations and global competitivenes
Slide 24: Content
Content Operational and Financial Performance Quarter Ended September 30th, 2026 About US Who are we, Our Journey & Manufacturing Presence Our Strengths What Sets us Apart, The Pitti Way Awards & Certifications Accolades that Inspire Annexures PITTI ENGINEERING LIMITED
Slide 25: Awards & Certifications
Awards & Certifications Product Outstanding 2 Growth Award from GE 2 Best Supplier from 3 Best Supplier - development Performance in GE Transportation Quality , Lean & first support from Quality Transportation 2007 2012 from One GE 2015 Cummins from CG Power & 2011 Generators 2019 2021 Preferred Bus
Slide 26: Content
Content Operational and Financial Performance Quarter Ended September 30th, 2026 About US Who are we, Our Journey & Manufacturing Presence Our Strengths What Sets us Apart, The Pitti Way Awards & Certifications Accolades that Inspire Annexures PITTI ENGINEERING LIMITED
Slide 27: Historical Profit & Loss Statement
Historical Profit & Loss Statement Profit and Loss (Rs. Crs) FY26 (Restated) FY25 FY24 FY23 Revenue from Operations 1,912.8 1,704.6 1,244.2 1,100.2 Other Income 40.1 38.8 48.5 17.9 Total Income 1,952.9 1,743.36 1,292.7 1,118.1 Cost of Goods Sold 1,159.7 1,016.5 771.0 782.3 Gross Profit* 753.1 688.1
Slide 28: Historical Balance Sheet
Historical Balance Sheet Mar26 Mar-26 Assets (in Rs. Crs) Mar-25 Mar-24 Mar-23 Equity & Liabilities (in Rs. Crs) Mar-25 Mar-24 Mar-23 (Restated) (Restated) Non - Current Assets 1,096.4 1,149.2 657.0 435.7 Total Equity 850.8 898.7 472.9 334.0 Property, plant and equipment 881.9 766.2 371.8 278.9 Shar
Slide 29: Historical Abridged Cash Flow Statement
Historical Abridged Cash Flow Statement Mar-26 Particulars (Rs. Crs) Mar-25 Mar-24 Mar-23 (Restated) Net Profit Before Tax 167.6 161.6 119.4 79.9 Adjustments for: Non -Cash Items / Other Investment or Financial Items 197.7 140.9 101.4 88.2 Operating profit before working capital changes 365.3 302.5
Slide 30: Historical Financial Highlights
Historical Financial Highlights Total Income# EBITDA Profit After Tax^ +20% +29% +30% 1,953 326 1,743 272 128 123 1,293 1,118 181 90 151 59 FY23 FY24 FY25 FY26 FY23 FY24 FY25 FY26* FY23 FY24 FY25 FY26 Gross Profit Margin (%)* EBITDA Margin (%) PAT Margin (%) 38.0% 40.4% 39.4% 17.0% 7.2% 7.2% 15.9% 6
Slide 31: Financial Ratios
Financial Ratios ROE ROA ROCE 22.2% 7.6% 7.2% 18.4% 17.2% 19.0% 16.1% 17.8% 6.1% 5.7% 13.7% 12.5% FY23 FY24 FY25 FY26 FY23 FY24 FY25 FY26 FY23 FY24 FY25 FY26 Debt / Equity (x) Asset Turnover (x) 1.4 3.3 3.1 2.5 0.9 0.8 2.0 0.7 FY23 FY24 FY25 FY26 FY23 FY24 FY25 FY26 PITTI ENGINEERING LIMITED ROE : P
Slide 32: Thank You
Thank You Pitti Engineering Limited CIN: L29253TG1983PLC004141 Contact us – [email protected] For more Information visit company website www.pitti.in Strategic Growth Advisors Private Limited CIN: U74140MH2010PTC204285 Mr. Sagar Shroff / Mr. Ayush Haria [email protected] / [email protected] +
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