Standalone Financial Results (₹ in lakhs)
Income Statement Highlights:
- Revenue from operations: ₹4,418.21 lakhs (Q1 FY27) vs ₹3,824.73 lakhs (Q1 FY26) - 15.5% YoY increase
- Other income: ₹76.77 lakhs (Q1 FY27) vs ₹674.01 lakhs (Q1 FY26)
- Total income: ₹4,425.89 lakhs (Q1 FY27) vs ₹3,892.13 lakhs (Q1 FY26)
- Cost of materials consumed: ₹2,572.54 lakhs (Q1 FY27) vs ₹2,252.15 lakhs (Q1 FY26)
- Employee benefit expenses: ₹363.59 lakhs (Q1 FY27) vs ₹357.13 lakhs (Q1 FY26)
- Finance costs: ₹225.04 lakhs (Q1 FY27) vs ₹204.80 lakhs (Q1 FY26)
- Depreciation and amortization: ₹262.32 lakhs (Q1 FY27) vs ₹243.87 lakhs (Q1 FY26)
- Profit before tax: ₹247.52 lakhs (Q1 FY27) vs ₹293.61 lakhs (Q1 FY26)
- Total tax expense: ₹39.11 lakhs (Q1 FY27) vs ₹117.91 lakhs (Q1 FY26)
- Net profit: ₹208.42 lakhs (Q1 FY27) vs ₹175.70 lakhs (Q1 FY26)
- Total comprehensive income: ₹227.55 lakhs (Q1 FY27) vs ₹175.75 lakhs (Q1 FY26)
Per Share Data (Face value ₹5 each):
- Basic EPS: ₹5.65 (Q1 FY27) vs ₹4.71 (Q1 FY26)
- Diluted EPS: ₹5.65 (Q1 FY27) vs ₹4.71 (Q1 FY26)
Capital Structure:
- Paid-up share capital: ₹188.31 lakhs (unchanged from previous periods)
Consolidated Financial Results (₹ in lakhs)
Income Statement Highlights:
- Revenue from operations: ₹5,290.95 lakhs (Q1 FY27) vs ₹4,565.64 lakhs (Q1 FY26) - 15.9% YoY increase
- Total income: ₹5,299.46 lakhs (Q1 FY27)
- Total expenses: ₹4,937.25 lakhs (Q1 FY27) vs ₹4,274.22 lakhs (Q1 FY26)
- Profit before tax: ₹362.21 lakhs (Q1 FY27) vs ₹365.45 lakhs (Q1 FY26)
- Total tax expense: ₹67.19 lakhs (Q1 FY27) vs ₹136.63 lakhs (Q1 FY26)
- Net profit: ₹295.02 lakhs (Q1 FY27) vs ₹228.82 lakhs (Q1 FY26)
- Total comprehensive income: ₹314.77 lakhs (Q1 FY27) vs ₹227.39 lakhs (Q1 FY26)
Per Share Data (Face value ₹5 each):
- Basic EPS: ₹7.99 (Q1 FY27) vs ₹6.14 (Q1 FY26)
- Diluted EPS: ₹7.99 (Q1 FY27) vs ₹6.14 (Q1 FY26)
Subsidiary Contributions:
The consolidated results include two subsidiaries:
- Pitti Industries Private Limited (formerly Bagadia Chaitra Industries Private Limited)
- Dakshin Foundry Private Limited
Subsidiaries contributed:
- Total revenues: ₹1,317.05 lakhs
- Net profit after tax: ₹88.33 lakhs
- Total comprehensive income: ₹88.94 lakhs
Geographical Segment Analysis (Standalone)
- India revenue: ₹3,129.01 lakhs (70.8% of total)
- Outside India revenue: ₹1,289.20 lakhs (29.2% of total)
- India assets: ₹20,897.13 lakhs
- Outside India assets: ₹565.92 lakhs
Geographical Segment Analysis (Consolidated)
- India revenue: ₹3,916.44 lakhs (74.0% of total)
- Outside India revenue: ₹1,374.51 lakhs (26.0% of total)
- India assets: ₹21,746.66 lakhs
- Outside India assets: ₹646.32 lakhs
Key Corporate Developments
Amalgamation Scheme:
- Board approved Scheme of Amalgamation on 5th February 2026 for merging Pitti Industries Private Limited and Dakshin Foundry Private Limited with Pitti Engineering Limited
- NCLT granted dispensation of meetings on 10th April 2026
- Second motion petition filed on 23rd April 2026, heard on 22nd May 2026, 17th July 2026, and 7th August 2026
- Next hearing scheduled for 17th August 2026
- Appointed date: 1st April 2026
- No effect of the Scheme has been given in the current financial results
ESOP Trust:
- Pitti Engineering Limited Employee Welfare Trust holds 740,000 equity shares purchased from open market
- Shares treated as treasury shares in accordance with IND AS 32
- ESOP accounting follows IND AS 102 requirements
- Options are anti-dilutive; basic and diluted EPS remain the same
Business Segment Information
- The Company/Group has only one business segment: manufacturing of engineering products of Iron and Steel
- Reporting is done as a single segment with geographical breakdown
Auditor Review
- Limited review conducted by Talati & Talati LLP, Chartered Accountants
- Review performed in accordance with SRE 2410 issued by ICAI
- No material misstatements identified in the financial results
- Review reports issued for both standalone and consolidated results
Meeting Details
- Board meeting held on 10th August 2026
- Commenced at 4:30 PM, concluded at 6:15 PM
- Audit Committee reviewed and Board of Directors approved the results