Pitti Engineering reports FY26 Total Income of Rs. 1,953 Cr, announces ₹290 Cr Capex
RESULTS
◆ Monitor Closely
MEDIUM RISK
📅 Filed on BSE: 14 May 2026, 07:33 PM IST · BSE ID: d12deece-b9ae-4f7f-a132-20cf32bb6c1b
View Original BSE Filing (PDF)
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In Simple Terms
The company's full-year income grew to Rs. 1,953 Cr, and it plans a significant new factory investment.
🤖 AI Summary
- Pitti Engineering reported FY26 Total Income of Rs. 1,953 Cr, a 12% increase year-on-year.
- FY26 Adjusted PAT stood at Rs. 128 Cr, a 4% increase year-on-year.
- Company announced a new greenfield capex of ₹290 crore for casting and machined components facility.
- New facility targets commissioning by Q1FY30, increasing casting capacity to 36,000 MT.
- Q4FY26 Total Income was Rs. 506 Cr, with Q4FY26 Adj. PAT at Rs. 29 Cr.
🔢 Key Numbers — exact figures from BSE filing, not rounded
Q4FY26 Total Income
Rs. 506 Cr
+7%
Q4FY26 Adj. EBITDA
Rs. 84 Cr
+4%
Q4FY26 Adj. PAT
Rs. 29 Cr
-21%
FY26 Total Income
Rs. 1,953 Cr
+12%
FY26 Adj. EBITDA
Rs. 326 Cr
+20%
FY26 Adj. PAT
Rs. 128 Cr
+4%
🏢 How This Affects the Company
The capex initiatives, including the new greenfield facility, are set to increase casting capacity to 36,000 MT by Q1FY30, which is approximately double the current 18,600 MT. This expansion aims to support demand from sectors like railways, power, industrial & mining, and oil & gas.
The planned capex of ₹290 crore for a new facility, along with ₹100 crore already incurred for ongoing capex, represents significant capital expenditure. The project is expected to deliver asset turns in the range of ~1.0x–1.2x, aligning with capital efficiency goals.
Ongoing debottlenecking will increase casting capacity to 24,600 MT by H1FY27. The new greenfield facility will be a major operational expansion, adding further casting and machining component capacity by Q1FY30.
The substantial capital expenditure for new facilities introduces execution risk related to project timelines and achieving the targeted asset turns. However, it also positions the company to capitalize on future demand in key industrial sectors.
👥 What This Means For Shareholders
✅
Action Required
Shareholders are not required to take any immediate action based on this financial results press release.
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Who Is Affected
All shareholders are affected by the company's financial performance as reported in Q4FY26 and FY26, and by the strategic capital expenditure decisions for future growth.
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Management Signal
Management is signaling a focus on significant capacity expansion and disciplined capital allocation to meet demand from key industrial and emerging sectors.
For information only. Not investment advice. ForgeUp is not SEBI-registered.
👁 Watch List — track these upcoming events
Q1FY27 financial results — check revenue and profit trends post ongoing capex.
Progress updates on ongoing capex — confirm operational status by H1FY27.
Updates on new greenfield capex — monitor commissioning progress towards Q1FY30.
MEDIUM RISK
Execution risks associated with substantial ongoing and new capex plans over multi-year periods exist.
💡 Investor Takeaway
Pitti Engineering reported FY26 Total Income of Rs. 1,953 Cr (+12% YoY) and Adj. PAT of Rs. 128 Cr (+4% YoY). The company confirmed a ₹290 crore capex for a new greenfield facility, aiming to increase casting capacity to 36,000 MT by Q1FY30, indicating significant long-term expansion plans.
⚖️ Strengths & Concerns
✅ Positives
- FY26 Total Income grew by 12% YoY to Rs. 1,953 Cr, supported by demand across value-added products.
- FY26 Adj. EBITDA increased by 20% YoY to Rs. 326 Cr, with margins improving to 17.0%.
⚠️ Concerns
- Q4FY26 Adj. PAT decreased by 21% YoY to Rs. 29 Cr, despite a 7% increase in total income.
- Sales volume for By products & Scrap decreased by 21.2% in Q4FY26 and 1.9% in FY26.
📅 Company Track Record
Pitti Engineering Ltd previously announced a Board meeting on May 14, 2026, to approve FY26 results and recommend a final dividend. On the same date, a ₹290 crore capex for a new facility was approved, increasing casting capacity to 36,000 MT per annum.
Based on publicly available historical data. For context only.