Q2 2025 Pitti Engineering Ltd Earnings Call Transcript
Key Points
- Pitti Engineering Ltd (BOM:513519) reported a significant increase in consolidated revenue by 37.1% to 850 crores for H1 FY25.
- EBITDA rose by 59.83% to 124 crore rupees, indicating strong operational performance.
- The company completed strategic acquisitions and mergers, which are expected to drive future synergies and growth.
- The company is expanding its capacity, with new facilities expected to increase lamination capacity to 90,000 tons and casting capacity to 18,600 tons.
- Pitti Engineering Ltd (BOM:513519) is confident about further improvement in operating and financial performance as new capacities become operational.
- The company has a consolidated net debt of 330 crores INR as of the end of the reporting period.
- There is a slight slowdown in the industrial motor segment, particularly in low-voltage motors, due to intense competition and pricing pressures.
- The EBITDA margin is expected to moderate in the short term due to initial costs associated with new capacity and acquisitions.
- The company is facing challenges in the low-voltage motor market due to price competition and instability from Chinese markets.
- The integration of recent acquisitions and mergers may pose operational challenges in the short term.
Ladies and gentlemen, good day, and welcome to Pitti Engineering's Q2 and H1 FY25 earnings conference call. (Operator Instructions) Please note that this conference call will be recorded.
Before we begin, I would like to mention that some of the statements made in today's call may be forward-looking in nature and may involve risks and uncertainties. For a list of such considerations, please refer to the earnings presentation.
I would now like to hand the call over to Mr. Akshay Pitti. Thank you, and over to you, sir.
Thank you. Good evening and a warm welcome to the earnings call for Q2 and H1 FY25. We will begin with a brief overview of the performance during the quarter, followed by the Q&A session.
The past six months have been quite eventful for a company.
As you know, we have completed the acquisitions of both budgetary plans does piece Private Limited and but Symphony Limited.
We also completed the merger of
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