Q2 2026 Pitti Engineering Ltd Earnings Call Transcript
Key Points
- Pitti Engineering Ltd (BOM:513519) reported a 10% year-over-year increase in total income, reaching INR 499 crore, marking the highest quarterly figure in the company's history.
- EBITDA grew by 17.5% year-over-year to INR 728 crore, with stable margins at 16.3%, indicating strong operating leverage.
- High value-added assemblies saw a significant growth of 16.5%, and stator frame and shaft integrated assemblies grew by 33.4%.
- The company has successfully increased its wallet share and strengthened its position as a preferred partner for its market customers.
- Pitti Engineering Ltd is optimistic about domestic growth prospects, driven by sustained order inflows and steady demand in sectors like traction motor, railway components, and renewable energy.
- Loose lamination and low value-added assemblies experienced a 2% decline year-over-year.
- Machine passing volume business fell from 2,583 tonnes to 2,434 tonnes, with raw castings declining by 11.3%.
- The company faces challenges in raw material availability due to regulatory issues, leading to increased inventory levels and higher net debt.
- There is a cautious outlook on the data center segment, with potential challenges in sustaining the current level of increased demand.
- The company's standalone sales growth slowed to 4% year-over-year, compared to over 20% in previous quarters, while subsidiaries showed stronger growth.
Ladies and gentlemen, good day and welcome to the Q2 and H1 FY '26 earnings conference call of Pitti Engineering Limited.
This conference call may contain forward-looking statements about the company which are based on the beliefs, opinions, and expectations of the company as on the date of this call. These statements do not guarantee the future performance of the company, and it may involve risks and uncertainties that are difficult to predict.
(Operator Instructions) Please note that this conference has been recorded.
I now hand the conference over to Mr. Akshay Pitti, the Managing Director and the Chief Executive Officer of Pitti Engineering Limited. Thank you and over to you, sir.
(technical difficulty) '26 earnings call of Pitti Engineering Limited. Along with me are the senior management team from Pitti Engineering and SGA, our investor relation partners. We have uploaded our results and related documents on the stock exchange and the company's
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