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PITTI ENGINEERING LIMITED Investor Presentation 2025

Aug 8, 2025

61367_rns_2025-08-08_f47e8418-d7e5-4dbb-b71f-f2057f74c271.pdf

Investor Presentation

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8[th] August 2025

To BSE Ltd Floor 25, P J Towers, Dalal Street Mumbai – 400 001 Scrip Code: 513519

To National Stock Exchange of India Limited Exchange Plaza, Bandra Kurla Complex Bandra (E), Mumbai – 400 051 Scrip Code: PITTIENG

Dear Sir,

Sub: Revised Investor Presentation - Financial Results for the quarter ended 30[th] June 2025 ***

This is with reference to our letter dated 7[th] August 2025, wherein we had submitted the Investor Presentation of the Company, please note that slide 18 and 19 has been revised with the correct figures. The revised investor presentation is attached herewith.

We request to kindly take the same on record.

Thanking you,

Yours faithfully, For Pitti Engineering Limited MARY Digitally signed by MARY MONICA MONICA BRAGANZA Date: 2025.08.08 BRAGANZA 21:53:38 +05'30' Mary Monica Braganza Company Secretary & Chief Compliance Officer FCS:5532

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PITTI Engineering Limited Q1FY26 Investor Presentation

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Safe Harbour

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This presentation and the accompanying slides (the “Presentation”), which have been prepared by Pitti Engineering Limited (the “Company”), have been prepared solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or subscribe for any securities, and shall not form the basis or be relied on in connection with any contract or binding commitment whatsoever. No offering of securities of the Company will be made except by means of a statutory offering document containing detailed information about the Company.

This Presentation has been prepared by the Company based on information and data which the Company considers reliable, but the Company makes no representation or warranty, express or implied, whatsoever, and no reliance shall be placed on, the truth, accuracy, completeness, fairness and reasonableness of the contents of this Presentation. This Presentation may not be all inclusive and may not contain all of the information that you may consider material. Any liability in respect of the contents of, or any omission from, this Presentation is expressly excluded.

Certain matters discussed in this Presentation may contain statements regarding the Company’s market opportunity and business prospects that are individually and collectively forward-looking statements. Such forward-looking statements are not guarantees of future performance and are subject to known and unknown risks, uncertainties and assumptions that are difficult to predict. These risks and uncertainties include, but are not limited to, the performance of the Indian economy and of the economies of various international markets, the performance of the industry in India and world-wide, competition, the company’s ability to successfully implement its strategy, the Company’s future levels of growth and expansion, technological implementation, changes and advancements, changes in revenue, income or cash flows, the Company’s market preferences and its exposure to market risks, as well as other risks. The Company’s actual results, levels of activity, performance or achievements could differ materially and adversely from results expressed in or implied by this Presentation. The Company assumes no obligation to update any forward-looking information contained in this Presentation. Any forward-looking statements and projections made by third parties included in this Presentation are not adopted by the Company and the Company is not responsible for such third-party statements and projections.

All Maps used in the presentation are not to scale. All data, information, and maps are provided "as is" without warranty or any representation of accuracy, timeliness or completeness

~~PITTI E~~ NGINEERING L ~~IMITED~~

2

Content

About US Who are we, Our Journey & Manufacturing Presence

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Our Strengths

What Sets us Apart, The Pitti Way

Operational and Financial Performance Quarter Ended June 30[th] , 2025

ESG & CSR Activities Growing Responsibly

Annexures

~~PITTI E~~ NGINEERING L ~~IMITED~~

About Us – Pitti Engineering Limited

Vision Simplifying Engineering Supply Chain

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Mission
To enhance capabilities with cutting edge technology
To integrate multiple engineering processes
To contract customer supply chain
To provide uniquely integrated component
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4 Decades 6 100+
manufacturing facilities
of engineering
3 in Telangana Customers diversified across
excellence with a
1 in Maharashtra and end user industries
longstanding experience
2 in Bangalore
11+ Rs. 1,743 Crs Leading
Supplier to all motor
Countries across 6 continents
Total Income for FY25 manufacturers in India
with exports presence
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Largest manufacturer and exporter of electrical laminations in India & Preeminent manufacturer of machined castings and fabricated components

~~PITTI E~~ NGINEERING L ~~IMITED~~

4

Our Journey

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1983
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  • ✓ Founded by Shri Sharad B. Pitti, started with an installed capacity of 2,500 MT

2018

  • ✓ Commenced operations as a

  • manufacturer of electrical laminations for application in motors used in a wide array of electrical equipment

2020

  • ✓ Enhanced portfolio with introduction of components of traction motors,

  • undercarriage and drive motor parts for Indian Railways (CLW, ICF, BLW)

  • ✓ Approved Capex outlay of Rs. 270

1987

  • ✓ Commenced operations as a

  • manufacturer of electrical laminations for application in motors used in a

  • wide array of electrical equipment

  • 2017

  • ✓ Commenced the construction of

  • manufacturing unit at Hyderabad and the mega plant at Aurangabad

  • ✓ Inked a multi-year deal worth Rs. 500 crore with Wabtec for supplying engineered products

2021

  • ✓ Broadened our offerings into shafts, copper build-up rotors and gear cases ✓ Improved working capital cycles

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1994-2000

  • ✓ Focused on manufacturing of die cast rotor ✓ Established international presence by exporting engineering products to USA

  • ✓ Initial Public Issue and Listed on BSE and HSE

2005-2015

  • ✓ Listed on the National Stock Exchange ✓ Exports to Mexico, Germany and Vietnam among others

  • ✓ Commissioned second unit at Hyderabad

2023-2025

  • ✓ Approved Additional capex Rs 197 crore

  • ✓ Approval for Merger with Pitti Castings

  • Private Limited and Pitti Rail and Engineering Components Limited

  • ✓ Acquisition of Bagadia Chaitra Industries

crore

  • ✓ Acquisition of Dakshin Foundry

~~PITTI E~~ NGINEERING L ~~IMITED~~

5

Diversified Products Portfolio

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Rotating Electrical Equipment

Loose Laminations Traction Stator Core

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Rotor Core Welded Stator Stator Assembly Die Cast Rotors
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Machined Components

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Gear Case Wolong Stator Frame Diagonal Gear Case Stator Frame Windmill Pedestal Shafts
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Value Added Products

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Rotor Assembly
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Traction Motor Ribbed Shafts Large Stator Core Wheel Hub Welded Stator Core Shaft and Spider
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~~PITTI E~~ NGINEERING L ~~IMITED~~

State of the Art Manufacturing Facilities

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Macharam, Telangana Nandigaon, Telangana
Manufacturing Of Castings Fabrication and fettling
Foundry activities activites
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Kothur, Telangana
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Laminations, low to high value
assembling and large level
machined components
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Aurangabad, Maharashtra
Laminations, low to high value
assembling activities and
machined components
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Hoskote, Karnataka
Tumkur, Karnataka
Laminations, Low and medium Manufacturing of Casting and
value assembling activities Foundry activity
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Operations Centrally managed through SAP Software

Common Manufacturing and Marketing Teams

Focus on

manufacturing of margin accretive and value additive machined products

Our advanced manufacturing enables high-quality, customized solutions for evolving customer needs

~~PITTI E~~ NGINEERING L ~~IMITED~~

7

Catering to Diversified Industries

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Traction motor and Railway components

India’s 4th largest railway network, backed by metro and high-speed rail projects, is driving demand for complex machined parts

Power Generations

India’s 428 GW power base is growing, with 93 GW thermal in the pipeline. The 500 GW renewable target by 2030 is set to drive strong demand for rotating equipment

Industrial & Commercial

The sector is growing on the back of infra, automation, and capex. PLI and investment revival are boosting demand for advanced electrical machinery

Appliances & Consumer

Stricter BEE norms and Tier II/III electrification are driving demand for efficient, low-noise motors. Rising appliance use and household electrification call for scalable motor part production

Mining , Oil & Gas

Demand is rising from bulk handling, hydraulics, and mining expansion, driving need for high-torque, wearresistant components in draglines, crushers, and heavy equipment

Renewable Energy

India targets 60 GW offshore wind with policy support, while solar PV is set to cross 50% of the energy mix by 2030—driving demand for advanced electrical integration

Data Centres

Digital infra boom is driving demand for continuous power and cooling via high-efficiency motors, fueling need for custom stators, rotors, and data-driven thermal components

Pump Motors

Growing demand from agriculture, water infrastructure, and industrial sectors is driving pump motor expansion. Government thrust on rural water supply (Jal Jeevan Mission), urban sanitation, and smart irrigation is boosting volumes, while energyefficient and solar-compatible motors are reshaping product innovation.

Others

Others includes home appliances, automotives, etc and scrap sales, other income

Industry Wise Revenue Breakup

30%
16%
11%
6%
8%
5%
24%

37%
17%
12%
5%
5%
3%
21%
Q1FY25
Q1FY26

Traction motor and railway components Power generation Industrial and commercial Special purpose motors Mining, oil and gas Renewable energy Other

~~PITTI E~~ NGINEERING L ~~IMITED~~

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Our Marque Clientele Base

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~~PITTI E~~ NGINEERING L ~~IMITED~~

The Brand Names and Logos mentioned are the property of their respective owners and are used here for identification purposes only

9

Accelerating Growth Inorganically

Acquisition of Pitti Industries Private Limited (Formerly Know as Bagadia Chaitra Industries Private Limited)

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  • Acquired in March 2024 , at an Enterprise Valuation of Rs. 124.9 crores

  • Specializes in the manufacture of electrical steel laminations , their assemblies and die cast rotors

  • It operates two manufacturing facilities in Tumakuru, Karnataka

  • Total installed capacity stands at 18,000 MTPA

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This acquisition enhances its presence in South India and contributes to our overall asset base and production capacity

Acquisition of Dakshin Foundry Private Limited

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  • Acquired in July 2024, at an Equity Value of Rs. 153.1 crores

  • Manufacturer of high-quality casting in ductile iron, grey iron, low carbon, alloy steel grades and Simo iron castings along with value added services like pattern making

  • It operates manufacturing facility in Hosakote, Bangalore

  • Total installed capacity stands at 4,200 MTPA

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This acquisition adds valuable assets and increase production capabilities which will help in achieving economies of scale

~~PITTI E~~ NGINEERING L ~~IMITED~~

10

Content

About US

Who are we, Our Journey & Manufacturing Presence

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Our Strengths What Sets us Apart, The Pitti Way

Operational and Financial Performance Quarter Ended June 30[th] 2025

ESG & CSR Activities Growing Responsibly

Annexures

~~PITTI E~~ NGINEERING L ~~IMITED~~

What Sets Pitti Engineering Apart

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Market Leadership in Laminations

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India's largest manufacturer of electrical steel
laminations, leveraging economies of scale
for cost efficiency and high-volume output
Integrated Manufacturing Capabilities Customer Focus
Vertically integrated—from stamping Deep engagement with global OEMs
to machining, fabrication, casting, through customized solutions and
and assembly engineering expertise has resulted in
04 long-standing client relationships
03 05
Presence Across Sectors R&D and Tooling Expertise
Presence across wide range of sectors — In-house design and tool
automotive, industrial motors, railways, development capabilities help in
wind energy, power generation, 02 06 customized solutions
appliances, and infrastructure
Marquee Clientele Strong Presence in Exports
Strong emphasize on long-standing 07 Increasing share of exports,
relationships with marquee clients 01 especially to developed markets like
and multi-end user segments, the US and Europe
forming a sustainable growth base
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~~PITTI E~~ NGINEERING L ~~IMITED~~

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Exports Dominance - Excellence Has No Borders

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11+
Countries across 6
Europe
Germany continents with exports
Spain
presence
Switzerland
North America
Asia-Pacific
Canada
Australia
US
China
Mexico
Kazakhstan
35%
Export Revenue Growth
from FY23 to FY25
South America & Africa
Brazil
South Africa
FY23 FY24 FY25
FY23 FY24 FY25
Exports Revenue Exports Share
33% 34% 29%
(INR Crs) 371 434 500 (% of Total Revenue)
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~~PITTI E~~ NGINEERING L ~~IMITED~~

13

  • Map not to scale

The Pitti Way

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Our Approach

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Input

Output

Vertical Integration

We have vertically integrated our operations from tooling to laminations and their assemblies; and from machined casting and fabrication to machining and other value-added processes

Become One Stop shop for our clients focus on producing margin accretive value-added products

Intend to leverage our engineering expertise, machining Manufacturing Expertise capabilities, fabrication and casting experience

Expand our business into the manufacturing of complex and critical machined components , which we believe is both margin accretive and value additive

Our manufacturing facilities are equipped with best-in-class Economies of Scale automation and equipment, enabling economies of scale Delivering quality products along with our integrated Quality Products manufacturing operations has enabled us to develop products suited to our customers

Enhanced production efficiency , ensuring consistentquality , and supporting high-volume, customized output strengthening our competitiveness

Fostering long term customer relationships

Delivering value-added, margin-accretive solutions through vertical integration, engineering expertise, and quality-driven manufacturing

~~PITTI E~~ NGINEERING L ~~IMITED~~

14

Experienced Board of Directors

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Promoter Executive Directors

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A visionary with over four decades of industry leadership, he pioneered India’s lamination manufacturing and built the company from the ground up. His strategic foresight continues to guide its long-term growth

Shri Sharad B Pitti Founder & Chairman

Mechanical engineer with 40+ years of experience, including executive roles at the company, he brings deep technical and operational insight Y B Sahgal Non-Executive Independent Director

Senior CA and ESG leader, she brings deep experience in sustainability, governance, and impact assessment across industries Priti Paras Savla Non-Executive Independent Director

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With deep operational expertise since 2004, Akshay has modernized the company through technology, highvalue manufacturing, and global competitiveness Akshay S Pitti MD & Chief Executive Officer

Veteran finance professional with 30+ years in CPSUs, he offers strong expertise in corporate governance, audit, and financial strategy

N Vinod Kumar Non-Executive Independent Director

Senior CA with vast experience in audit, risk, and ethics, she also represents India on international accounting and governance bodies Kemisha Soni Non-Executive Independent Director

~~PITTI E~~ NGINEERING L ~~IMITED~~

15

Strong Management Team at Helm

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With deep operational expertise since 2004, Akshay has modernized the company through technology, highvalue manufacturing, and global competitiveness

Akshay S Pitti MD & Chief Executive Officer

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With a decade at Pitti, he drives strategy and operations for motor and generator components, focusing on efficiency and growth

Sandip Agarwala COO, Motor & Generator Components

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An MBA with expertise in automation and sourcing, he leads manufacturing modernization and strategic sourcing initiatives

Rishab Gupta

COO, Machined Components & Enterprise Sourcing

A manufacturing entrepreneur turned senior leader post-acquisition, he brings deep domain knowledge in laminations and die-cast components

Chaitra Sundaresh Deputy COO

CA with 19 years of cross-sector experience, he leads finance and strategy, ensuring fiscal discipline and business growth

M Pavan Kumar Chief Financial Officer

Seasoned governance professional with 28 years of experience, she ensures robust compliance and corporate secretarial practices

Mary Monica Braganza Company Secretary & Chief Compliance Officer

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~~PITTI E~~ NGINEERING L ~~IMITED~~

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Content

About US

Who are we, Our Journey & Manufacturing Presence

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Our Strengths

What Sets us Apart, The Pitti Way

Operational and Financial Performance Quarter Ended June 30[th] , 2025

ESG & CSR Activities Growing Responsibly

Annexures

~~PITTI E~~ NGINEERING L ~~IMITED~~

Capacity Utilizations*

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Sheet Metals (MTs) Machining (Hours) Castings (MTs)
85% 86% 82% 69%
70% 57%
Q1FY25 Q1FY26 Q1FY25 Q1FY26 Q1FY25 Q1FY26
Annual 74,000 MTs 90,000 MTs 4,60,800 Hours 6,40,800 Hours 14,400 MTs 18,600 MTs
Capacity Q1 FY25 Q1 FY26 Q1 FY25 Q1 FY26 Q1 FY25 Q1 FY26
Sheet Metals (MTs) Machining (Hours) Castings (MTs)
73% 70% 90% 78%
73% 66%
FY24 FY25 FY24 FY25 FY24 FY25
Annual 56,000 MTs 90,000 MTs 4,60,800 Hours 6,33,600 Hours 14,400 MTs 18,600 MTs
Capacity FY24 FY25 FY24 FY25 FY24 FY25
Q1FY26
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~~PITTI E~~ NGINEERING L ~~IMITED~~

*Q1FY26 Includes volumes for PIPL and Dakshin Foundry and Q1FY25 includes volumes for PIPL from the date of acquisition FY25 includes volume figures for PIPL and Dakshin Foundry from the date of acquisition

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Sales Breakup – Volume*

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Sales in MT Sales in MT Sales in MT Q1FY26 Q1FY25 Q1FY25 Q1FY25 YoY FY25 FY24 YoY
High value-added assemblies –
Laminations
Stator frame or Rotor shaft integrated assemblies -
Laminations
Shafts – Machined components going into
assemblies
Child parts - Machined components going into
assemblies
Machined Components
Raw Castings
Stator frames – Core Drop - Machined
components going into assemblies
3,021
996
1,236
369
672
420
1,405
2,648
838
1,016
362
494
257
573
14.1%
18.9%
21.7%
1.9%
36.0%
63.4%
145.2%
10,967
3,325
4,678
1,344
2,254
1,092
4,638
10,654
2,945
3,955
1,226
1,748
1,061
2,508
2.9%
12.9%
18.3%
9.6%
28.9%
2.9%
84.9%
Loose Laminations and low value-added assemblies 11,135 10,445 6.6% 45,120 25,732 75.3%
By Product & Others Casting 10,405 9,352 11.3% 54,096 36,925 46.5%
Value added products Volume based product By products & Other casting
~~PITTI E~~NGINEERING L~~IMITED~~

*Q1FY26 Includes volumes for PIPL and Dakshin Foundry and Q1FY25 includes volumes for PIPL from the date of acquisition FY25 includes volume figures for PIPL and Dakshin Foundry from the date of acquisition

19

Financial Highlights – Q1 FY26

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Revenue from Operations EBITDA Profit After Tax
+17% +30% +17%
457 75 23
391 19
58
Q1FY25 Q1FY26 Q1FY25 Q1FY26 Q1FY25 Q1FY26
Gross Profit Margin (%) EBITDA Margin (%) PAT Margin (%)
7 bps +170 bps Flat
39.1% 39.2% 16.5% 5.0% 5.0%
14.8%
Q1FY25 Q1FY26 Q1FY25 Q1FY26 Q1FY25 Q1FY26
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~~PITTI E~~ NGINEERING L ~~IMITED~~

Consolidated

20

Consolidated Profit & Loss Statement

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Profit and Loss(Rs. Crs) Q1FY26 Q1FY25 Y-o-Y FY25 FY24 Y-o-Y
Revenue from Operations 456.6 391.4 16.7% 1,704.6 1,244.2 37.0%
Cost of Goods Sold 277.9 238.3 1,016.5 771.0
Gross Profit 178.7 153.1 16.7% 688.1 473.2 45.4%
Gross Profit Margin 39.1% 39.1% 40.4% 38.0%
Employee Cost 42.3 29.6 196.7 128.7
Other Expenses 61.0 65.5 220.2 163.4
EBITDA 75.4 58.0 30.0% 271.2 181.1 49.8%
EBITDA Margin 16.5% 14.8% 15.9% 14.6%
Depreciation 25.6 16.9 80.5 58.7
Other Income 7.4 3.4 38.8 48.5
EBIT 57.2 44.5 28.5% 229.5 170.9 34.3%
EBIT Margin 12.5% 11.4% 13.5% 13.7%
Finance Cost 20.6 16.9 67.9 51.5
Profit before Tax 36.5 27.6 32.6% 161.6 119.4 35.4%
Profit before Tax Margin 8.0% 7.1% 9.5% 9.6%
Tax 13.7 8.2 39.3 29.7
Profit After Tax 22.9 19.4 18.0% 122.3 89.7 36.3%
Profit After Tax Margin 5.0% 5.0% 7.2% 7.2%
EPS(in. Rs) 6.14 5.65 33.32 26.20
Cash PAT 48.5 36.3 202.8 148.4

~~PITTI E~~ NGINEERING L ~~IMITED~~

21

Content

About US

Who are we, Our Journey & Manufacturing Presence

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Our Strengths

What Sets us Apart, The Pitti Way

Operational and Financial Performance Quarter Ended June 30[th] , 2025

ESG & CSR Activities Growing Responsibly

Annexures

~~PITTI E~~ NGINEERING L ~~IMITED~~

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CSR Initiatives

Health & Social development Education & Culture

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  • In FY24 -25 , The company contributed ₹ 200 lakhs towards the construction of a Students’ Lecture Hall at Shri Ramchandra Institute of Medical Sciences, located in Sambhaji Nagar, Maharashtra. The total estimated cost of the hall is ₹ 750 lakhs.

  • Through this initiative aim is to support the development of medical education and contribute to a better learning environment for future healthcare professionals

Education & Culture

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  • In the FY24–25, company supported Ved Vignan Maha Vidyapeeth (VVMVP), a charitable trust working in the field of holistic education, with a contribution of Rs. 7.50 lakhs towards providing school uniforms for students of its Vedic schools

  • Schools aims to make education more accessible to children in remote areas

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Animal Welfare
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  • Company has continued to adopte the wildlife at Nehru Zoological Park, supporting Asha the elephant from 1[st] June, 2024, to 31[st] May, 2025, with a contribution of Rs. 5 lakhs, and a lion from 1[st] March, 2025, to 28[th] February, 2026, with a contribution of Rs.3 lakhs

  • This ongoing commitment helps provide for their nutrition, healthcare, and overall well-being

~~PITTI E~~ NGINEERING L ~~IMITED~~

23

Awards & Certifications

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2 Growth Award 2 Best Supplier 3 Best Supplier
from GE from GE - Quality , Lean
Transportation Transportation & first from One
2007 & 2011 2012 GE 2015
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2 Excellence in
Preferred 2 Best Supplier new
Business Partner from Wabtec Development &
from TMIEC 2023 Corporation business support
2019 & 2022 by ELIN WG
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Product Outstanding
development Performance in
support from Quality
Cummins from CG Power
Generators 2019 2021
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Supplier
Best Supplier Excellence
Delivery 2024
Recognition
from TMEIC
from Caterpillar
2024
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~~PITTI E~~ NGINEERING L ~~IMITED~~

24

Content

About US

Who are we, Our Journey & Manufacturing Presence

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Our Strengths

What Sets us Apart, The Pitti Way

Operational and Financial Performance Quarter Ended June 30[th] , 2025

ESG & CSR Activities Growing Responsibly

Annexures

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Historical Profit & Loss Statement

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Profit and Loss(Rs. Crs) FY25 FY24 FY23 FY22
Revenue from Operations 1,704.6 1,244.2 1,100.2 953.8
Cost of Goods Sold 1,016.5 771.0 782.3 678.1
Gross Profit 688.1 473.2 317.9 275.7
Gross Profit Margin 40.4% 38.0% 28.9% 28.9%
Employee Cost 196.7 128.7 86.6 78.5
Other Expenses 220.2 163.4 79.9 64.6
EBITDA 271.2 181.1 151.4 132.6
EBITDA Margin 15.9% 14.6% 13.8% 13.9%
Depreciation 80.5 58.7 44.7 38.9
Other Income 38.8 48.5 17.9 16.5
EBIT 229.5 170.9 124.6 110.2
EBIT Margin 13.5% 13.7% 11.3% 11.5%
Finance Cost 67.9 51.5 44.7 39.6
Profit before Tax 161.6 119.4 79.9 70.6
Profit before Tax Margin 9.5% 9.6% 7.3% 7.4%
Tax 39.3 29.7 21.1 18.7
Profit After Tax 122.3 89.7 58.8 51.9
Profit After Tax Margin 7.2% 7.2% 5.3% 5.4%
EPS(In. Rs) 33.32 26.20 18.36 16.18
Cash PAT 202.8 148.4 103.5 90.8

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Consolidated

26

Historical Balance Sheet

Assets(in Rs. Crs) **Mar-25 ** **Mar-24 ** **Mar-23 ** Mar-22
Non - Current Assets 1,149.2 657.0 435.7 368.8
Property,plant and equipment 766.2 371.8 278.9 227.9
Capital work-in-progress 63.0 122.2 24.1 0.6
Right-of-use assets 116.8 83.5 74.3 83.0
Investment Property 0.0 0.0 1.9 2.0
Goodwill 136.1 0.0 0.0 0.0
Intangible assets 7.9 9.3 9.2 13.8
Capital work-in-progress - Intangible 0.1 0.0 0.0 0.0
Financial Assets
Investments 0.0 0.0 15.1 16.4
Other Financial Assets 17.3 3.8 8.5 1.9
Other non-current assets 41.8 66.4 23.7 23.2
Current Assets 854.9 734.1 542.3 587.8
Inventories 329.1 287.2 239.3 272.3
Financial Assets
(i)Trade receivables 256.2 214.2 181.4 204.3
(ii)Cash and cash equivalents 98.7 77.0 39.7 7.7
(iii)Bank balances 41.8 34.0 25.5 27.3
Other Financial Assets 1.8 1.4 0.9 0.9
Other Current Assets 127.3 120.3 55.5 75.3
Total Assets 2,004.1 1,391.1 978.0 956.6
Equity & Liabilities(in Rs. Crs) **Mar-25 ** **Mar-24 ** **Mar-23 ** Mar-22
Total Equity 898.7 472.9 334.0 283.9
Share Capital 18.8 16.0 16.0 16.0
Other Equity 879.9 455.8 318.0 267.9
Instrument EntirelyEquityin nature 0.0 1.1 0.0 0.0
Non-Current Liabilities 407.2 348.2 192.6 180.0
Financial Liabilities
(i)Borrowings 281.3 262.9 121.9 110.2
(ii)Lease Liabilities 84.7 62.7 54.0 52.9
Provisions 26.2 20.6 8.2 7.8
Deferred tax liabilities(net) 15.0 2.0 8.5 9.1
Current Liabilities 698.2 570.0 451.4 492.7
Financial Liabilities
(i)Borrowings 297.2 285.2 168.0 214.2
(ii)Trade Payables 331.0 239.1 251.3 220.2
(iii)Lease Liability 26.7 16.9 12.5 15.4
(iv)Other Financial Liabilities 22.4 14.0 8.3 8.5
Other Current Liabilities 11.6 3.5 4.6 14.9
Income tax liabilities(net) 1.1 4.4 2.4 15.6
Provisions 8.2 6.8 4.3 3.9
Total Equity & Liabilities **2,004.1 ** 1,391.1 978.0 956.6

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~~PITTI E~~ NGINEERING L ~~IMITED~~

Consolidated

27

Historical Abridged Cash Flow Statement

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Particulars (Rs. Crs) Mar-25 Mar-24 Mar-23 Mar-22
Net Profit Before Tax 161.6 119.4 79.9 70.6
Adjustments for: Non -Cash Items / Other Investment or Financial Items 140.9 101.4 88.2 76.0
Operating profit before working capital changes 302.5 220.8 168.1 146.6
Changes in working capital 23.6 -130.3 88.6 -40.8
Cash generated from Operations 326.1 90.5 256.7 105.8
Direct taxes paid (net of refund) 37.6 10.5 34.5 17.9
Net Cash from Operating Activities 288.5 80.0 222.2 87.9
Net Cash from Investing Activities -536.1 -247.0 -103.5 -92.8
Net Cash from Financing Activities 269.3 204.3 -86.7 12.2
Net Decrease in Cash and Cash equivalents 21.7 37.3 32.0 7.3
Add: Cash & Cash equivalents at the beginning of the period 77.0 39.7 7.7 0.4
Cash & Cash equivalents at the end of the period 98.7 77.0 39.7 7.7

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Consolidated

28

Historical Financial Highlights

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EBITDA
271
+27%
181
151
133
FY22 FY23 FY24 FY25
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Revenue from Operations
+21% 1,705
1,244
1,100
954
FY22 FY23 FY24 FY25
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Gross Profit Margin (%) EBITDA Margin (%)
40.4% 15.9%
38.0% 14.6%
13.9% 13.8%
28.9% 28.9%
FY22 FY23 FY24 FY25 FY22 FY23 FY24 FY25
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Profit After Tax
+33% 122
90
59
52
FY22 FY23 FY24 FY25
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PAT Margin (%)
7.2% 7.2%
5.4% 5.3%
FY22 FY23 FY24 FY25
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Consolidated

29

Financial Ratios

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ROE ROA ROCE
22.2% 7.6% 18.4%
7.2% 17.4% 17.2%
19.3% 19.0% 17.8% 6.3% 6.1% 16.1%
FY22 FY23 FY24 FY25 FY22 FY23 FY24 FY25 FY22 FY23 FY24 FY25
Debt / Equity (x) Asset Turnover (x)
1.4 3.3 3.3
3.1
1.2
2.5
0.9
0.8
FY22 FY23 FY24 FY25 FY22 FY23 FY24 FY25
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ROE : PAT / Average Total Equity ROA : PAT / Average Total Assets

ROCE : EBIT / Average Capital Employed Debt / Equity : Total Debt / Average Total Equity

Asset Turnover : Revenue / Average Net PPE

Consolidated

30

Thank You

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Pitti Engineering Limited

CIN: L29253TG1983PLC004141 Contact us – [email protected] For more Information visit company website www.pitti.in

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Strategic Growth Advisors Private Limited CIN: U74140MH2010PTC204285 Mr. Sagar Shroff / Mr. Ayush Haria [email protected] / [email protected] +91 98205 19303 / +91 98204 62966

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