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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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----- Start of picture text -----

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
----- End of picture text -----

*** 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
46
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
----- End of picture text -----

*** 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
----- End of picture text -----

*** 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

16

Marquee clientele

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17

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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