Investor Presentation

Pitti Engineering delivered strong Q1FY27 results, showcasing robust growth and strategic expansion. **Business Performance:** Total income surged 14% year-on-year to ₹530 Cr, fueled by impressive volume growth in Stator & Rotor Assemblies (+37.1% YoY) and overall Laminations (+20.6% YoY). Capacity utilization improved across all segments, with Sheet Metals at 73%, Machining at 86%, and Castings at 72%. The company saw increased revenue contribution from Special Purpose Motors and Mining, Oil & Gas sectors. **Growth Drivers or Strategy:** Pitti is focused on vertical integration to become a one-stop-shop, emphasizing margin-accretive, value-added products.

A significant ₹290 Cr capex for Greenfield Machined Components capacity is planned, expected to be commissioned by Q1FY29. **Recent Developments:** Casting capacity was recently enhanced to 24,600 MTs from 18,600 MTs. **Key Financial Metrics:** Adjusted EBITDA grew 14% to ₹89 Cr, and Adjusted Profit After Tax jumped 25% to ₹32 Cr.

Gross Margin stood strong at 39.4%. **Management Commentary / Outlook:** The company aims for accelerated growth by enhancing capabilities with cutting-edge technology and integrating engineering processes.

Casting capacity is set to more than double to 36,000 MT by Q1FY29, signaling ambitious expansion plans.