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PITTI ENGINEERING LIMITED — Investor Presentation 2025
Apr 21, 2025
61367_rns_2025-04-21_2dddd093-c71e-453f-8641-18ee95ba6e60.pdf
Investor Presentation
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21[st] April 2025
To BSE Limited 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 Sirs,
Sub: Investor Presentation - Financial Results for the quarter and year ended 31[st] March 2025
In terms of regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulation, 2015 please find attached the Investor Presentation on the financial results of the Company for the quarter and year ended 31[st] March 2025, which would be used in the Investors / Analysts earnings conference call scheduled to be held on Wednesday, 23[rd] April 2025 at 4:30 P.M (IST).
Request you to kindly take the same on record.
Thanking you,
Yours faithfully, For Pitti Engineering Limited
Digitally signed by MARY MARY MONICA MONICA BRAGANZA BRAGANZA Date: 2025.04.21 19:20:05 +05'30' Mary Monica Braganza Company Secretary & Chief Compliance Officer FCS:5532
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Pitti Engineering Limited
INVESTOR PRESENTATION
Q4 & FY2024-25
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Disclaimer
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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.
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 for future performance and or subject to known and unknown risks, uncertainties, and assumptions that are difficult to predict.
These risks and uncertainties include but are not limited to, performance of the Indian economy and of the economies of various international markets, the performance of the industry in India and worldwide, competition, the Company’s ability to successfully implement its strategy, Company’s future levels of growth and expansion, technological implementation, changes and advancements, changes in revenue, income or cash flows, withdrawal of governmental fiscal incentives, the Company’s market preferences and its exposure to market risks, as well as other risks.
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PITTI ENGINEERING LIMITED
Q4 - Comparative Performance – Consolidated
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(₹ in Cr)
| Particulars | Q4 FY25 | Q4 FY24 Restated* |
YoY change | Q4 FY23 |
|---|---|---|---|---|
| Revenue from Operations | 468.78 | 335.90 | 39.56% | 247.50 |
| Other income | 3.52 | 31.53 | (88.84)% | 15.81 |
| Total Income / Revenue | 472.30 | 367.43 | 28.54% | 263.31 |
| EBITDA excl. other income | 80.07 | 51.90 | 54.28% | 40.56 |
| EBITDA incl. other income | 83.59 | 83.43 | 0.19% | 56.37 |
| PBT | 42.19 | 53.74 | (21.49)% | 33.68 |
| PAT | 36.14 | 46.00 | (21.43)% | 24.83 |
| Total Comprehensive Income | 36.22 | 46.48 | (22.07)% | 23.33 |
| Earnings per share (₹) | 9.61 | 13.44 | (28.49)% | 7.75 |
*Pursuant to the Order of the Hon’ble NCLT, bench at Hyderabad approved the Scheme of Amalgamation among Pitti Castings Private Limited, Pitti Rail and Engineering Components Limited and Pitti Engineering Limited and their respective shareholders and creditors, the Scheme has become effective from the appointed date 1st April 2023 and the financial statements have been restated accordingly.
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PITTI ENGINEERING LIMITED
Q4 - Key performance indicators (Consolidated)
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PAT Net Cash Accruals
Revenue EBITDA
(₹ in Cr) (₹ in Cr)
(₹ in Cr) (₹ in Cr)
Q4 FY23 Q4 FY24 * Q4 FY25 Q4 FY23 Q4 FY24 * Q4 FY25
472.30 Q4 FY23 Q4 FY24 * Q4 FY25 Q4 FY23 Q4 FY24 * Q4 FY25
80.07
46.00
61.60
58.61
367.43
36.14
51.90
263.31 37.59
24.83
40.56
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*** Restated**
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PITTI ENGINEERING LIMITED
Q4 - Performance snapshot – Standalone
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(₹ in Cr)
| Particulars | Q4 FY25 | Q4 FY24 Restated |
YoY change | Q4 FY23 |
|---|---|---|---|---|
| Revenue from Operations | 421.92 | 335.90 | 25.61% | 247.50 |
| Other income | 3.37 | 31.53 | (89.31)% | 15.81 |
| Total Income / Revenue | 425.29 | 367.43 | 15.75% | 263.31 |
| EBITDA excl. other income | 70.51 | 51.91 | 35.83% | 40.56 |
| EBITDA incl. other income | 73.88 | 83.44 | (11.46)% | 56.37 |
| PBT | 33.72 | 53.74 | (37.25)% | 33.68 |
| PAT | 29.98 | 46.00 | (34.83)% | 24.84 |
| Total Comprehensive Income | 29.48 | 46.48 | (36.57)% | 23.34 |
| Earnings per share (₹) | 7.97 | 13.44 | (40.70)% | 7.75 |
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PITTI ENGINEERING LIMITED
Q4 - Key performance indicators (Standalone)
Net Cash Accruals (₹ in Cr)
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PAT
Revenue EBITDA
(₹ in Cr) (₹ in Cr)
(₹ in Cr) (₹ in Cr)
Q4 FY23 Q4 FY24 * 425.29 Q4 FY25 Q4 FY23 Q4 FY24 * Q4 FY25 Q4 FY23 Q4 FY24 * Q4 FY25 Q4 FY23 Q4 FY24 * Q4 FY25
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70.51 61.61
367.43
51.26
51.91
263.31 29.98
37.60
40.56
24.84
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*** Restated**
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PITTI ENGINEERING LIMITED
Q4 - Operational highlights – Capacity details
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| Annual Capacity as at the quarter end (PEL) | Q4 FY25 | Q4 FY24 Restated |
YoY Change | Q4 FY23 |
|---|---|---|---|---|
| Sheet Metal – MTs | 72,000 | 56,000 | 28.57% | 50,200 |
| Machining - Hours | 6,33,600 | 4,60,800 | 37.50% | 4,60,800 |
| Castings - MTs | 14,400 | 14,400 | Nil | 14,400 |
| Capacity utilisation for the quarter | ||||
| Sheet Metal | 69.84% | 78.98% | NA | 74.14% |
| Machining | 85.97% | 89.63% | NA | 75.82% |
| Castings | 86.17% | 54.14% | NA | 60.53% |
| WoS | ||||
| Annual Capacity as at the quarter end (PIPL) | Q4 FY25 | Q4 FY24 | YoY Change | Q4 FY23 |
| Sheet Metal – MTs | 18,000 | 16,000 | 12.50% | 14,000 |
| Capacity utilization | 76.58% | 85.85% | NA | 87.83% |
| Annual Capacity as at the quarter end (DFPL) | Q4 FY25 | Q4 FY24 | YoY Change | Q4 FY23 |
| Castings – MTs | 4,200 | 4,200 | Nil | 4,200 |
| Capacity utilization | 71.43% | 69.24% | NA | 77.55% |
PITTI ENGINEERING LIMITED 7
Q4 - Operational highlights – Sales breakup
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PEL
| Sales in MT for the Quarter | Q4 FY25 | Q4 FY24 Restated |
YoY Change | Q4 FY23 |
|---|---|---|---|---|
| Loose Laminations and low value-added assemblies | 8,796 | 7,049 | 24.78% | 6,146 |
| High value-added assemblies | 3,117 | 2,654 | 17.45% | 2,494 |
| Stator frame or Rotor shaft integrated assemblies | 860 | 821 | 4.75% | 951 |
| Shafts | 308 | 325 | -5.23% | NA |
| Child parts | 658 | 586 | 12.29% | NA |
| Machined Components | 1,270 | 1,047 | 21.30% | 1010 |
| Raw Castings | 632 | 494 | 27.94% | 1375 |
| Stator frames – Core Drop | 328 | 289 | 13.49% | 171 |
| Scrap & side trim coils | 15,214 | 10,623 | 43.22% | 9807 |
| WoS | ||||
| Sales in MT for the Quarter | Q4 FY25 | Q4 FY24 | YoY Change | Q4 FY23 |
| PIPL Sales Volume - MT | 3,446 | 3,434 | 0.35% | 3,074 |
| DFPL Sales volume – MT | 750 | 727 | 3.16% | 814 |
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PITTI ENGINEERING LIMITED
Q4 – Consolidated Total Income – End-user industry
| Q4 FY25 Q4 FY24* Q4 FY23** |
37.92% 34.54% 31.14% |
15.34% 13.78% 14.43% 10.44% 11.70% 13.29% 6.60% 5.57% 8.36% 6.40% 8.62% 6.08% 3.18% 4.21% 2.66% 13.85% 18.69% 20.25% Q4 FY25 Q4 FY24* Q4 FY23 37.92% 34.54% 31.14% 15.34% 13.78% 14.43% 10.44% 11.70% 13.29% 6.60% 5.57% 8.36% 6.40% 8.62% 6.08% 3.18% 4.21% 2.66% 2.58% 1.85% 3.04% 2.33% 0.00% 0.00% 0.71% 0.54% 0.00% 0.65% 0.50% 0.76% 13.85% 18.69% 20.25%** |
15.34% 13.78% 14.43% 10.44% 11.70% 13.29% 6.60% 5.57% 8.36% 6.40% 8.62% 6.08% 3.18% 4.21% 2.66% 13.85% 18.69% 20.25% Q4 FY25 Q4 FY24* Q4 FY23 37.92% 34.54% 31.14% 15.34% 13.78% 14.43% 10.44% 11.70% 13.29% 6.60% 5.57% 8.36% 6.40% 8.62% 6.08% 3.18% 4.21% 2.66% 2.58% 1.85% 3.04% 2.33% 0.00% 0.00% 0.71% 0.54% 0.00% 0.65% 0.50% 0.76% 13.85% 18.69% 20.25%** |
15.34% 13.78% 14.43% 10.44% 11.70% 13.29% 6.60% 5.57% 8.36% 6.40% 8.62% 6.08% 3.18% 4.21% 2.66% 13.85% 18.69% 20.25% Q4 FY25 Q4 FY24* Q4 FY23 37.92% 34.54% 31.14% 15.34% 13.78% 14.43% 10.44% 11.70% 13.29% 6.60% 5.57% 8.36% 6.40% 8.62% 6.08% 3.18% 4.21% 2.66% 2.58% 1.85% 3.04% 2.33% 0.00% 0.00% 0.71% 0.54% 0.00% 0.65% 0.50% 0.76% 13.85% 18.69% 20.25%** |
|
|---|---|---|---|---|---|
| Q4 FY25 | *Q4 FY24 | Q4 FY23 | |||
| Traction motor and railway components | 37.92% | 34.54% | 31.14% | ||
| Power generation | 15.34% | 13.78% | 14.43% | ||
| Industrial and commercial | 10.44% | 11.70% | 13.29% | ||
| Special purpose motors | 6.60% | 5.57% | 8.36% | ||
| Mining, oil and gas | 6.40% | 8.62% | 6.08% | ||
| Renewable energy | 3.18% | 4.21% | 2.66% | ||
| Data centre | 2.58% | 1.85% | 3.04% | ||
| Pumps | 2.33% | 0.00% | 0.00% | ||
| Appliances and consumer | 0.71% | 0.54% | 0.00% | ||
| Automotive | 0.65% | 0.50% | 0.76% | ||
| Other | 13.85% | 18.69% | 20.25% |
*Q3 FY 24 – % calculated on restated figures
PITTI ENGINEERING LIMITED
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Annual - Performance snapshot – Consolidated
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(₹ in Cr)
| Particulars | FY25# | FY24 Restated |
YoY change | FY23 |
|---|---|---|---|---|
| Revenue from Operations | 1704.57 | 1244.16 | 37.01% | 1100.17 |
| Other income | 38.79 | 48.50 | (20.02)% | 17.83 |
| Total Income / Revenue | 1743.36 | 1292.66 | 34.87% | 1118.00 |
| EBITDA excl. other income | 271.12 | 181.03 | 49.77% | 151.38 |
| EBITDA incl. other income | 309.91 | 229.53 | 35.01% | 169.21 |
| PBT | 161.60 | 119.39 | 35.35% | 79.91 |
| PAT | 122.29 | 89.70 | 36.33% | 58.83 |
| Total Comprehensive Income | 121.68 | 84.38 | 44.20% | 57.65 |
| Earnings per share (₹) | 33.32 | 26.20 | 27.18% | 18.36 |
WOS’s - Pitti Industries Private Limited (PIPL) (formerly known as Bagadia Chaitra Industries Private Limited) and Dakshin Foundry Private Limited Financial numbers are proportionately considered from the date of acquisition of 100% of equity, i.e., w.e.f. 6[th] May, 2024 and 25[th] July, 2024 to 31[st] March 2025, respectively
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PITTI ENGINEERING LIMITED
Annual - Key performance indicators (Consolidated)
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Revenue EBITDA PAT Net Cash Accruals
(₹ in Cr) (₹ in Cr) (₹ in Cr) (₹ in Cr)
FY 2023 FY 2024 * FY 2025
FY 2023 FY 2024 * FY 2025 FY 2023 FY 2024 * FY 2025 FY 2023 FY 2024 * FY 2025
1743.36 271.12 122.29
202.80
89.70
1292.66
148.43
181.03
1118.00
151.38
58.83 103.48
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*** Restated**
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PITTI ENGINEERING LIMITED
Annual - Performance snapshot – Standalone
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| (₹ in Cr) | ||||
|---|---|---|---|---|
| Particulars | FY25 | FY24 Restated |
YoY change | FY23 |
| Revenue from Operations | 1524.55 | 1244.16 | 22.54% | 1100.17 |
| Other income | 38.41 | 48.50 | (20.80)% | 17.82 |
| Total Income / Revenue | 1562.96 | 1292.66 | 20.91% | 1117.99 |
| EBITDA excl. other income | 246.61 | 181.03 | 36.23% | 151.38 |
| EBITDA incl. other income | 285.02 | 229.54 | 24.17% | 169.20 |
| PBT | 140.49 | 119.39 | 17.67% | 79.90 |
| PAT | 106.83 | 89.70 | 19.10% | 58.83 |
| Total Comprehensive Income | 106.85 | 84.38 | 26.63% | 57.65 |
| Earnings per share (₹) | 29.11 | 26.20 | 11.11% | 18.36 |
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PITTI ENGINEERING LIMITED
Annual - Key performance indicators (Standalone)
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Revenue EBITDA PAT Net Cash Accruals
(₹ in Cr) (₹ in Cr) (₹ in Cr) (₹ in Cr)
FY 2023 FY 2024 * FY 2025
FY 2023 FY 2024 * FY 2025 FY 2023 FY 2024 * FY 2025 FY 2023 FY 2024 * FY 2025 183.77
106.83
1562.96
246.61
1292.66 89.70 148.43
1117.99
181.03
103.48
151.38 58.83
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*** Restated**
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PITTI ENGINEERING LIMITED
Annual - Operational Highlights – Capacity details
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| Annual Capacity as at the end of FY25 (PEL) | FY25 | FY24 Restated |
YoY Change | FY23 |
|---|---|---|---|---|
| Sheet Metal – MTs | 72,000 | 56,000 | 28.57% | 50,200 |
| Machining – Hours | 6,33,600 | 4,60,800 | 37.50% | 4,60,800 |
| Castings – MTs | 14,400 | 14,400 | Nil | 14,400 |
| Capacity utilisation for FY25 | ||||
| Sheet Metal | 67.61% | 72.95% | NA | 71.32% |
| Machining | 73.29% | 90.47% | NA | 74.32% |
| Castings | 63.50% | 77.92% | NA | 67.98% |
| WoS | ||||
| Annual Capacity as at theend of FY25(PIPL) | FY25 | FY24 | YoY Change | FY23 |
| Sheet Metal – MTs | 18,000 | 16,000 | 12.50% | 14,000 |
| Capacity utilized | 77.69% | 84.33% | NA | 87.43% |
| Annual Capacity as at theend of FY25(DFPL) | FY25 | FY24 | YoY Change | FY23 |
| Castings – MTs | 4,200 | 4,200 | Nil | 4,200 |
| Capacity utilized | 76.76% | 70.00% | NA | 77.55% |
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PITTI ENGINEERING LIMITED
Annual - Operational Highlights – Sales breakup PEL
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| Sales in MT for FY25 | FY25 | FY24 Restated |
YoY Change | FY23 |
|---|---|---|---|---|
| Loose Laminations and low value-added assemblies | 32,557 | 25,732 | 26.52% | 19,694 |
| High value-added assemblies | 10,967 | 10,654 | 2.94% | 12,851 |
| Stator frame or Rotor shaft integrated assemblies | 3,325 | 2,945 | 12.90% | 3,752 |
| Shafts | 1,344 | 1,226 | 9.62% | NA |
| Child parts | 2,254 | 1,748 | 28.95% | NA |
| Machined Components | 4,678 | 3,955 | 18.28% | 4,232 |
| Raw Castings | 2,430 | 2,508 | -3.11% | 3,636 |
| Stator frames – Core Drop | 1,092 | 1,061 | 2.92% | 1,080 |
| Scrap & side trim coils | 54,096 | 36,925 | 46.50% | 30,887 |
| WoS |
| Sales in MT for 12 Months and not proportionate | FY25 | FY24 | YoY Change | FY23 | ||
|---|---|---|---|---|---|---|
| PIPL Sales Volume - MT | 14,075 | 13,739 | 2.45% | 12,296 | ||
| DFPL Sales volume – MT | 3,224 | 2,940 | 9.66% | 3,257 |
PITTI ENGINEERING LIMITED
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Annual – Consolidated Total Income – End-user industry
| FY2025 FY2024 FY2023 |
33.94% 37.29% 33.95% |
14.00% 13.60% 14.13% 11.52% 13.62% 13.56% 6.86% 7.33% 9.98% 6.63% 7.35% 7.05% 4.65% 3.67% 4.44% 15.25% 14.83% 13.76% FY2025 FY2024 FY2023 33.94% 37.29% 33.95% 14.00% 13.60% 14.13% 11.52% 13.62% 13.56% 6.86% 7.33% 9.98% 6.63% 7.35% 7.05% 4.65% 3.67% 4.44% 3.15% 0.00% 0.00% 2.42% 1.59% 2.22% 0.99% 0.37% 0.61% 0.60% 0.35% 0.30% 15.25% 14.83% 13.76% |
14.00% 13.60% 14.13% 11.52% 13.62% 13.56% 6.86% 7.33% 9.98% 6.63% 7.35% 7.05% 4.65% 3.67% 4.44% 15.25% 14.83% 13.76% FY2025 FY2024 FY2023 33.94% 37.29% 33.95% 14.00% 13.60% 14.13% 11.52% 13.62% 13.56% 6.86% 7.33% 9.98% 6.63% 7.35% 7.05% 4.65% 3.67% 4.44% 3.15% 0.00% 0.00% 2.42% 1.59% 2.22% 0.99% 0.37% 0.61% 0.60% 0.35% 0.30% 15.25% 14.83% 13.76% |
14.00% 13.60% 14.13% 11.52% 13.62% 13.56% 6.86% 7.33% 9.98% 6.63% 7.35% 7.05% 4.65% 3.67% 4.44% 15.25% 14.83% 13.76% FY2025 FY2024 FY2023 33.94% 37.29% 33.95% 14.00% 13.60% 14.13% 11.52% 13.62% 13.56% 6.86% 7.33% 9.98% 6.63% 7.35% 7.05% 4.65% 3.67% 4.44% 3.15% 0.00% 0.00% 2.42% 1.59% 2.22% 0.99% 0.37% 0.61% 0.60% 0.35% 0.30% 15.25% 14.83% 13.76% |
|
|---|---|---|---|---|---|
| FY2025 | FY2024 | FY2023 | |||
| Traction motor and railway components | 33.94% | 37.29% | 33.95% | ||
| Power generation | 14.00% | 13.60% | 14.13% | ||
| Industrial and commercial | 11.52% | 13.62% | 13.56% | ||
| Special purpose motors | 6.86% | 7.33% | 9.98% | ||
| Mining, oil and gas | 6.63% | 7.35% | 7.05% | ||
| Renewable energy | 4.65% | 3.67% | 4.44% | ||
| Pumps | 3.15% | 0.00% | 0.00% | ||
| Data centre | 2.42% | 1.59% | 2.22% | ||
| Automotive | 0.99% | 0.37% | 0.61% | ||
| Appliances and consumer | 0.60% | 0.35% | 0.30% | ||
| Others | 15.25% | 14.83% | 13.76% |
PITTI ENGINEERING LIMITED
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Marquee clientele
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PITTI ENGINEERING LIMITED
Contact us
PITTI ENGINEERING LIMITED
6-3-648/401, 4th Floor, Padmaja Landmark, Somajiguda Hyderabad 500082. Telangana , India. T:+91 40 2331 2774 / 2331 2770
Email: [email protected] Website: www.pitti.in CIN: L29253TG1983PLC004141
Mr. M Pavan Kumar Chief Financial Officer
Mr. CS Rama Naidu Intellect PR Mobile: +91 99202 09623 Email: [email protected]
Thank You
PITTI ENGINEERING LIMITED
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