Pitti Engineering sees strong growth, strategic expansion in fiscal year 2024-25

Pitti Engineering Limited announced robust financial results for the fiscal year 2024-25, with standalone revenue reaching ₹1,562.96 crores, a 20.91% increase year-on-year. Consolidated revenue grew by 34.87% to ₹1,743.36 crores. The company's consolidated Profit After Tax (PAT) also saw a significant rise of 36.32% to ₹122.29 crores, underpinned by strong 49.43% volume growth in its core lamination business, totaling 63,215 metric tonnes.

Strategic expansion played a key role, including the acquisition of Bagadia Chaitra Industries Private Limited in May 2024, expanding into the pump segment and strengthening market presence in South India. The acquisition of Dakshin Foundry Private Limited in July 2024 enhanced casting and machining capabilities. To support these initiatives and reduce debt, Pitti Engineering successfully raised ₹360 crores through a Qualified Institutional Placement (QIP) on July 11, 2024, with the funds fully utilized as planned.

The company's 41st Annual General Meeting is scheduled for Friday, September 26, 2025, to approve the Annual Report and a recommended final dividend of ₹1.50 per equity share. Pitti Engineering continues to focus on strategic investments, customer-centric capital expenditure, and strengthening its competitive position through operational excellence and innovation.