Pitti Engineering Limited announced its un-audited Financial Results for the Third Quarter and Nine Months ended 31st December 2025. The company reported a 15% year-on-year increase in total income for Q3 FY26, reaching ₹484 crore. Adjusted EBITDA saw a significant rise of 25% to ₹83 crore, with an EBITDA margin of 17.5%. Adjusted PAT grew by 4% year-on-year to ₹30 crore, resulting in a PAT margin of 6.3%. For the Nine Months ended FY26, total income increased by 14% to ₹1,447 crore. Adjusted EBITDA grew by 27% to ₹242 crore, maintaining an EBITDA margin of 17.1%. Adjusted PAT for the nine-month period rose by 13% to ₹97 crore, with a PAT margin of 6.9%. Managing Director & CEO, Mr. Akshay S Pitti, commented that the performance was driven by consistent execution across operations and robust volume growth in value-added products. Higher finance costs were incurred due to maintaining elevated inventory levels of BIS-certified steel, a strategy to ensure uninterrupted order execution. The company has secured tie-ups with BIS-approved mills in Korea and Japan, leading to the liquidation of excess inventory and expected reduction in finance costs. Capacity utilization remains healthy, supported by strong order flows from railways, power, industrial & mining, and oil & gas sectors. The exports business contributed 28% to 9MFY26 revenues. The company's capex plan is on track with calibrated expansion across key facilities. Furthermore, the Board has approved the merger of its Wholly Owned Subsidiaries, Pitti Industries Private Limited & Dakshin Foundry Private Limited, with the Company to streamline administrative, operational, and corporate structures, aiming to enhance efficiencies and generate synergies.
