Pitti Engineering announces Q2FY27 results with ₹581 Cr income, plans ₹450 Cr capex for Bengaluru facility.
Pitti Engineering reported Q2FY27 total income of ₹580.5 Cr, up 16.3% YoY. For H1FY27, total income was ₹1,110.5 Cr, up 15.3%. The company announced a ₹450 Cr capex for a new greenfield facility in Bengaluru, aiming to expand laminations capacity to 1,60,000 MTs and machining capacity to 13.14 lakh hours by FY31. The results for Q2 & H1FY27 are reported on a standalone basis following the merger of two subsidiaries.
The announcement includes strong financial performance figures, a significant capex plan indicating future growth, and a corporate restructuring (merger). These are material events that are likely to have a significant impact on the company's future prospects and investor sentiment.
The company reported positive year-on-year growth in total income and adjusted EBITDA for both Q2FY27 and H1FY27. The announcement of a significant capex for expansion and a new greenfield facility indicates a positive outlook and growth strategy.
Pitti Engineering Limited announced its unaudited financial results for the second quarter and half-year ended September 30, 2026. The company reported a total income of ₹580.5 crore for Q2FY27, an increase of 16.3% year-on-year. Adjusted EBITDA stood at ₹91.3 crore, up 13.6%, with an adjusted EBITDA margin of 15.8%. Adjusted PAT was ₹36.3 crore, reflecting a 6.3% margin, though it saw a decrease of 15.1% due to ESOP costs. For H1FY27, total income rose by 15.3% to ₹1,110.5 crore, with adjusted EBITDA at ₹180.1 crore (up 13.6%) and adjusted PAT at ₹68.2 crore (down 0.4%).
In September 2026, the company merged its two subsidiaries, Pitti Industries Private Limited and Dakshin Foundry Private Limited, with Pitti Engineering Limited. Consequently, the financial results for Q2 and H1FY27 are reported on a standalone basis, with previous period numbers restated. The company also announced a capital expenditure of ₹450 crore to expand laminations capacity to 1,60,000 MTs and machining capacity to 13,14,000 hours by FY31. This expansion will involve land acquisition for a new greenfield unit in Bengaluru, with interim capacity additions at existing and leased premises.
Mr. Akshay S Pitti, Managing Director & CEO, commented that the Q2FY27 performance was healthy, driven by strong volume growth in laminations and assemblies. He expressed confidence in the long-term demand outlook and the ambition to strengthen the company's position as an integrated engineering partner. The company sees strong order visibility across railways, data centres, mining, and industrial applications and plans to continue expanding its capabilities in a phased manner.
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