Pitti Engineering Closes FY26 On A Strong Note With Bold Greenfield Expansion Plans

Nikunj Parikh May 14, 2026 360 Views

Pitti Engineering Limited delivered steady Q4 FY26 results with consolidated revenue of ₹501 crore, net profit of ₹26.6 crore, and a final dividend of ₹2.50 per share. The board also greenlit a ₹290 crore greenfield casting facility, signalling aggressive capacity expansion to serve growing OEM demand.

Pitti Engineering Limited (NSE: PITTIENG | BSE: 513519), the Hyderabad-based precision engineering components manufacturer, announced its audited financial results for Q4 and the full year ended March 31, 2026, at a board meeting held on May 14, 2026. The results, audited by Talati & Talati LLP with an unmodified opinion, reflect consistent operational performance alongside a landmark capex decision that positions the company for long-term growth.

Q4 FY26 Financial Performance

On a consolidated basis, Pitti Engineering posted revenue from operations of ₹501.09 crore for Q4 FY26, compared to ₹468.78 crore in Q4 FY25, marking year-on-year revenue growth. Consolidated net profit for the quarter stood at ₹26.61 crore, compared to ₹36.14 crore in the same quarter last year, reflecting higher material costs and increased depreciation charges following capacity additions. Pre-tax profit for the quarter was ₹37.48 crore on a consolidated basis, with total consolidated income reaching ₹505.60 crore.

Full Year FY26 Highlights

For the full year ended March 31, 2026, consolidated revenue from operations surged to ₹1,912.80 crore, up from ₹1,704.57 crore in FY25, representing approximately 12.2% year-on-year growth. Consolidated net profit for FY26 was ₹117.81 crore versus ₹122.29 crore in FY25, with the marginal dip attributable to higher finance costs of ₹83.41 crore and depreciation of ₹104.66 crore as the company continues to scale operations. Consolidated basic and diluted EPS for FY26 stood at ₹31.77 per share compared to ₹33.32 in FY25.

Greenfield Expansion: The Next Growth Engine

In a significant strategic move, the board approved a ₹290 crore capex for a greenfield casting and machined components facility in the Macharam region of Telangana. The project, expected to be completed in three years, will be funded through a mix of internal accruals and lease finance. Upon commissioning, the total installed casting capacity of the group will scale up from the current 24,600 MT per annum (including ongoing debottlenecking) to 36,000 MT per annum. The existing Hosakote, Karnataka facility is proposed to be monetised once the new greenfield becomes operational.

Amalgamation Scheme On Track

The board has also initiated an amalgamation of wholly-owned subsidiaries — Pitti Industries Private Limited and Dakshin Foundry Private Limited — with Pitti Engineering Limited, with April 1, 2026 as the appointed date. The NCLT granted dispensation for meetings on April 10, 2026, and a second motion petition was filed on April 23, 2026, with all approvals currently being pursued.

Key Highlights

Q4 FY26 consolidated revenue from operations: ₹501.09 crore
Q4 FY26 consolidated net profit: ₹26.61 crore
Full year FY26 consolidated revenue: ₹1,912.80 crore (up ~12.2% YoY)
Full year FY26 consolidated net profit: ₹117.81 crore
Final dividend recommended: ₹2.50 per share (50% on face value of ₹5)
Greenfield capex approved: ₹290 crore for Macharam, Telangana facility
Expanded casting capacity post-greenfield: 36,000 MT per annum
Current casting utilisation: around 71 percent overall, with select product lines at higher levels
Consolidated total assets as of March 31, 2026: ₹2,137.78 crore
Consolidated cash and cash equivalents: ₹119.45 crore (up from ₹98.65 crore in FY25)
Statutory auditor: Talati & Talati LLP — unmodified audit opinion issued
Subsidiary amalgamation scheme filed with NCLT; appointed date April 1, 2026