Pitti Engineering reports strong Q2, H1 FY26 financial results

Pitti Engineering Limited reported a resilient performance for Q2 FY26, with total income reaching INR 499 crore, a 10% year-on-year growth, and EBITDA improving by 18% to INR 78 crore. Profit after tax for the quarter was INR 40 crore, up 5% year-on-year. For the half-year ended September 30, 2025 (H1 FY26), total income stood at INR 963 crore, reflecting a 13% growth, with EBITDA increasing by 23% to INR 153 crore and profit after tax at INR 63 crore, a 10% increase over the previous year.

The company maintained strong capacity utilization across its operations, with machined hours utilization at 90% and 87% for Q2 FY26 and H1 FY26, respectively. Sales volume showed healthy growth, with stator frames rising 117.4% in Q2 and 88.3% in H1 FY26, and child parts increasing by 34.5% in Q2 and 35.1% in H1 FY26.

These results were supported by recent inorganic growth initiatives, including the acquisition of Pitti Industries Private Limited (formerly Bagadia Chaitra Industries Private Limited) in March 2024 for INR 124.9 crore, and Dakshin Foundry Private Limited in July 2024 for INR 153.1 crore. These acquisitions have enhanced Pitti Engineering’s presence in South India, increased production capabilities, and contributed to its overall asset base.