Pitti Engineering Limited

Impact

We work towards consolidating the customers’ supply chain thus adding value to their operations and enabling them to focus on their core strengths. Our differentiated product offering, long-term relationships with marquee customers and multiple end-user segments create a well sustainable growth model.

The overall demand outlook for our products continues to remain strong, led by key segments such as railways and power generation. New business opportunities in pumped hydro and automotive will start contributing to our revenue pie from the current fiscal year (FY24). Our order book forecast stands at ₹ 823 crores.

Our revenue and profitability continue to grow steadily. For FY23, revenues were ₹ 1117.98 crore vis à-vis ₹ 970.26 crores, registering a growth of 15.34%. Our Company has recorded a net profit of ₹ 58.83 crore as compared to ₹ 51.89 crore. Our net debt has declined from ₹ 290 crores to 225 crores, strengthening our balance sheet. We are focusing on long-term margins and profitability to enhance value for all shareholders.

₹ 18.36

EPS

0.87

Debt to Equity

At Pitti, our progress is the result of our commitment to customers across geographies. We serve our customers best-in-class quality and meet their stringent timelines.

Our comprehensive portfolio encompasses a diverse range of products. From electrical steel laminations to sub-assemblies for motors and generators, we excel in producing high-quality components. Additionally, our expertise extends to the manufacturing of machined castings, shafts and fabricated components, catering to a wide array of end applications. With a steadfast commitment to quality and innovation, we strive to exceed customer expectations in every endeavour.