PITTIENG

Pitti Engineering Limited informed the exchanges that it has completed the formalities for changing its Registrar and Share Transfer Agent (RTA). A Tripartite Agreement was executed on May 25, 2026, with MUFG Intime India Private Limited as the new RTA and XL Softech Systems Limited as the erstwhile RTA, completing the change.

Pitti Engineering Limited discussed its Q4 and FY26 earnings, reporting FY26 revenue growth of 12% to ₹1,953 crores and adjusted EBITDA growth of 20% to ₹326 crores, with margins improving to 17%. For FY27, management guided for approximately ₹2,300 crores in revenue, targeting 78,000 tons of lamination sales and 16,000 tons of machine components, expecting similar EBITDA margins. The company announced a new capex of ₹290 crores for a greenfield facility to double casting capacity to 36,000 metric tons and increase machining hours, expected to be commissioned by Q1 FY30. Net debt is targeted to reduce to approximately ₹250 crores by FY28. While Q4 FY26 exports were impacted by temporary supply chain issues and Q1 FY27 is expected to be slightly slower, the long-term outlook is positive, driven by value-added products, machine components, and customer-led capacity expansion.

Pitti Engineering Limited announced that the audio recording of the conference call held on 18th May 2026 regarding the audited financial results for the quarter and year ended 31st March 2026 is available on the Company's website. The transcript for the call will be made available in due course.

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Pitti Engineering Limited's Board of Directors, at their meeting on 14th May 2026, recommended a final dividend of ₹2.50/- (50%) per equity share of face value ₹5/- for the financial year ended 31st March 2026. The dividend is subject to approval by members at the ensuing 42nd Annual General Meeting.

Pitti Engineering Limited reported Standalone Operating Revenue of ₹389.77 Cr vs ₹421.92 Cr (▼7.62% YoY), EBITDA of ₹65.33 Cr vs ₹57.94 Cr (▲12.77% YoY), and PAT of ₹20.81 Cr vs ₹19.98 Cr (▲4.15% YoY) for the quarter ended March 31, 2026. Standalone EBITDA Margin expanded from 13.73% to 16.76% (▲303bps). The Board also recommended a final dividend of ₹2.50/- per equity share and approved a capital expenditure of ₹290 crores for a new greenfield casting and machined components facility, expected to be completed in 3 years to meet strong customer demand.

Pitti Engineering Limited announced an audio conference call for investors on Friday, 15th May 2026 at 3:00 P.M. IST to discuss the audited financial results for the quarter and year ended 31st March 2026 (Q4 & FY26).

Pitti Engineering informed about credit ratings assigned by India Ratings. New bank loan facilities of ₹5,270 million received 'IND AA-/Stable/IND A1+' ratings, while existing facilities of ₹10,149.70 million had their 'IND AA-/Stable/IND A1+' ratings affirmed on April 27, 2026.