Q4 2026 Pitti Engineering Ltd Earnings Call Transcript
Key Points
- Pitti Engineering Ltd (BOM:513519) reported a 12% increase in revenue for FY26, reaching INR1,953 crores compared to INR1,743 crores in FY25.
- The company achieved a 20% growth in adjusted EBITDA for FY26, with margins improving to 17% from 15.9% in the previous year.
- Capacity utilization improved significantly across operations, with sheet metal utilization at 80%, machining at 87%, and casting at 64% during Q4 FY26.
- Pitti Engineering Ltd announced a new greenfield facility for casting and machine components with a planned investment of INR290 crores, expected to double the current casting capacity.
- The company has diversified its supply chain, securing new supplies from Korea and Japan, which has improved steel availability and stabilized inventory levels.
- Export revenue growth was modest at 5-6% for FY26, with a decline in Q4 due to energy issues and shipping constraints.
- The company faced challenges with high energy costs in March, impacting gross margins in Q4 FY26.
- Inventory levels remained high at INR395 crores, above the targeted INR300 crores, due to supply chain adjustments.
- The total borrowing stood at INR698 crores with an average cost of 7-7.5%, indicating a significant debt burden.
- The tax rate increased to 30% due to deferred tax adjustments, impacting net profitability.
Ladies and gentlemen, good day, and welcome to the Q4 and FY26 earnings 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 date of this call. These statements are not the guarantees of future performance and involve risks and uncertainties that are difficult to predict.
(Operator Instructions) Please note that this conference is being recorded. I now hand the conference over to Mr. Akshay S. Pitti, Managing Director and Chief Executive Officer, Pitti Engineering Limited. Thank you, and over to you, sir.
Good afternoon, everyone, and thank you for joining us for the Q4 and full year FY26 earnings conference call of Pitti Engineering. Along with me are members of senior management team and our Investor Relations partners from SGA. Our financial results, revised investor presentation and related disclosures are
| Access to All Earning Calls and Stock Analysis | |
| 30-Year Financial on one screen | |
| All-in-one Stock Screener with unlimited filters | |
| Customizable Stock Dashboard | |
| Real Time Insider Trading Transactions | |
| 8,000+ Institutional investors’ 13F holdings | |
| Powerful Excel Add-in and Google sheets Add-on | |
| All data downloadable | |
| Quick customer support | |
| And much more... |
Trustpilot
We'd love to learn more about your experiences on GuruFocus.com and how we can improve!
Take Survey
