Financial Performance Highlights

  • Revenue growth: 14% Year-over-Year (YoY)
  • Adjusted PAT growth: 25% YoY (post adding back ESOP cost)
  • Performance sets strong momentum for FY27 and beyond

Sales Volume Metrics (Q1FY27 vs Q1FY26 vs Q4FY26)

Laminations & Assemblies

  • Stator & Rotor Assemblies (Laminations):
  • High value-added assemblies: 4,143 MT (vs 3,021 MT YoY, +37.1%; vs 3,574 MT QoQ, +15.9%)
  • Stator frame or Rotor shaft integrated assemblies: 1,212 MT (vs 996 MT YoY, +21.7%; vs 1,233 MT QoQ, -1.7%)
  • Loose Laminations and low value-added assemblies: 12,920 MT (vs 11,135 MT YoY, +16.0%; vs 12,638 MT QoQ, +2.2%)
  • Total Laminations: 18,275 MT (vs 15,152 MT YoY, +20.6%; vs 17,445 MT QoQ, +4.8%)
  • Other Machined components: 965 MT (vs 1,041 MT YoY, -7.3%; vs 991 MT QoQ, -2.6%)
  • Total Lamination & Assemblies: 19,240 MT (vs 16,193 MT YoY, +18.8%; vs 18,436 MT QoQ, +4.4%)

Raw Castings & Machined Components

  • Machined Components: 1,562 MT (vs 1,236 MT YoY, +26.4%; vs 1,031 MT QoQ, +51.5%)
  • Raw Castings: 1,350 MT (vs 1,405 MT YoY, -3.9%; vs 1,344 MT QoQ, +0.4%)
  • Total Castings & Machined Components: 3,191 MT (vs 3,061 MT YoY, +4.2%; vs 2,783 MT QoQ, +14.7%)

By-products & Scrap

  • Volume: 15,574 MT (vs 11,428 MT YoY, +36.3%; vs 11,987 MT QoQ, +29.9%)

Management Commentary

Mr. Akshay S Pitti, Managing Director & CEO, stated that global manufacturing landscape presents structural opportunities for India driven by:

  • Localization initiatives
  • China+1 strategy
  • Increasing need for cost-competitive manufacturing solutions

These trends are translating into higher opportunities across the company's businesses. The company has consistently invested in capacity expansion programs to cater to growing demand.

Forward-Looking Strategy

The company remains focused on:

  • Disciplined execution of expansion plans
  • Deepening customer relationships
  • Increasing share of value-added products
  • Capitalizing on emerging global sourcing opportunities
  • Delivering sustainable and profitable growth

Company Background

Pitti Engineering is India's largest manufacturer and exporter of electrical laminations and prominent player in machined castings and fabricated components. The company specializes in:

  • Electrical steel laminations for motors across diverse electrical applications
  • Comprehensive solutions including motor cores, sub-assemblies, die-cast rotors, and press tools

Safe Harbour Statement

The document contains forward-looking statements based on management's beliefs, opinions, and expectations as of the date of release. The company does not assume obligation to update forward-looking statements if circumstances change. Statements are not guarantees of future performance and involve risks and uncertainties.

Investor Relations Contact

Strategic Growth Advisors (CIN: U74140MH2010PTC204285)

  • Mr. Sagar Shroff: sagar.shroff@sgapl.net / +91 98205 19303
  • Mr. Ayush Haria: ayush.haria@sgapl.net / +91 98204 62966
  • Company website: www.pitti.in
  • Investor contact: shares@pitti.in