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PITTI Engineering Limited Q1FY27 Investor Presentation Integrated Partner. Simplified Customer Journeys. Q2 & H1FY27 Investor Presentation Pitti Engineering Limited
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PITTI ENGINEERING LIMITED Safe Harbour 2 This presentation and the accompanying slides (the “Presentation”), which have been prepared by Pitti Engineering Limited (the “Company”), have been prepared solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or subscribe for any securities, and shall not form the basis or be relied on in connection with any contract or binding commitment whatsoever. No offering of securities of the Company will be made except by means of a statutory offering document containing detailed information about the Company. This Presentation has been prepared by the Company based on information and data which the Company considers reliable, but the Company makes no representation or warranty, express or implied, whatsoever, and no reliance shall be placed on, the truth, accuracy, completeness, fairness and reasonableness of the contents of this Presentation. This Presentation may not be all inclusive and may not contain all of the information that you may consider material. Any liability in respect of the contents of, or any omission from, this Presentation is expressly excluded. Certain matters discussed in this Presentation may contain statements regarding the Company’s market opportunity and business prospects that are individually and collectively forward-looking statements. Such forward-looking statements are not guarantees of future performance and are subject to known and unknown risks, uncertainties and assumptions that are difficult to predict. These risks and uncertainties include, but are not limited to, the performance of the Indian economy and of the economies of various international markets, the performance of the industry in India and world-wide, competition, the company’s ability to successfully implement its strategy, the Company’s future levels of growth and expansion, technological implementation, changes and advancements, changes in revenue, income or cash flows, the Company’s market preferences and its exposure to market risks, as well as other risks. The Company’s actual results, levels of activity, performance or achievements could differ materially and adversely from results expressed in or implied by this Presentation. The Company assumes no obligation to update any forward-looking information contained in this Presentation. Any forward-looking statements and projections made by third parties included in this Presentation are not adopted by the Company and the Company is not responsible for such third-party statements and projections. All Maps used in the presentation are not to scale. All data, information, and maps are provided "as is" without warranty or any representation of accuracy, timeliness or completeness
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About US Who are we, Our Journey & Manufacturing Presence Our Strengths What Sets us Apart, The Pitti Way Annexures Operational and Financial Performance Quarter Ended September 30th, 2026 PITTI ENGINEERING LIMITED Content Awards & Certifications Accolades that Inspire
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PITTI ENGINEERING LIMITED Scaling Capacity to Support Long-Term Growth 4 Sheet Metals Capacity (MTs) Castings Capacity (MTs) Machining Capacity (Hours) 1,08,000 24,600 7,20,000* 1,60,000 36,000 13,14,000 Land acquisition planned in Hyderabad & Bengaluru In the interim, capacities will be added at existing / leased premises in phased manner Expansion backed by customer demand Strong order visibility from marquee customers, including Caterpillar, Voith, Progress Rail, Siemens Mobility and Medha Servo, across data centres, mining, off-highway vehicles and railways. Capacity before capex announcement of Rs 290 Crores Target Capacity by FY31 : Post ~₹740 crore investment (₹ 290 Crore + ₹ 450 crore), to be live in phased manner Phased investments of ~INR 740 crore to expand manufacturing capacity and support growing demand across key end-markets *Current Capacity as on 30th September 2026 : Machining Hours - 8,13,600
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PITTI ENGINEERING LIMITED Capacity Utilizations Q2FY26 Q2FY27 76% 78% Sheet Metals (MTs) Machining (Hours) Castings (MTs) Q2FY26 Q2FY27 90% 85% Q2FY26 Q2FY27 77% 52% Q2FY27 5 Annual Capacity 90,000 MTs Q2 FY26 1,08,000 MTs Q2 FY27 6,40,800 Hours Q2 FY26 8,13,600 Hours Q2 FY27 18,600 MTs Q2 FY26 24,600 MTs Q2 FY27 H1FY26 H1FY27 74% 75% Sheet Metals (MTs) Machining (Hours) Castings (MTs) H1FY26 H1FY27 87% 83% H1FY26 H1FY27 73% 53% H1FY27 Annual Capacity 90,000 MTs H1 FY26 1,08,000 MTs H1 FY27 6,40,800 Hours H1 FY26 8,13,600 Hours H1 FY27 18,600 MTs H1 FY26 24,600 MTs H1 FY27
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PITTI ENGINEERING LIMITED Sales Breakup – Volume Value added products 6 Volume based products By Products & Scrap Sales in MT Q2FY27 Q2FY26 YoY H1FY27 H1FY26 YoY Stator & Rotor Assemblies (Laminations) - High value-added assemblies – Laminations 4,786 3,168 51.1% 8,929 6,189 44.3% - Stator frame or Rotor shaft integrated assemblies – Laminations 1,350 1,146 17.8% 2,562 2,142 19.6% - Loose Laminations and low value - added assemblies 14,476 11,801 22.7% 27,374 22,998 19.0% Total Laminations 20,612 16,115 27.9% 38,865 31,329 24.1% - Other Machined components going into laminations & assemblies 1,059 1,144 -7.4% 2,024 2,185 -7.4% Total Lamination & Assemblies 21,671 17,259 25.6% 40,889 33,514 22.0% Total Castings & Machined Components 3,086 2,897 6.5% 6,054 5,958 1.6% By products & Scrap 21,081 12,498 68.7% 36,655 23,926 53.2%
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PITTI ENGINEERING LIMITED Financial Highlights – Q2 & H1FY27 499 581 963 1,110 Q2FY26 Q2FY27 H1FY26 H1FY27 +16.3% +15.3% 80 91 158 180 Q2FY26 Q2FY27 H1FY26 H1FY27 +13.6% +13.6% 43 36 68 68 Q2FY26 Q2FY27 H1FY26 H1FY27 -15.1% -0.4% Q2FY26 Q2FY27 H1FY26 H1FY27 9.0% 6.3% 7.3% 6.2% Q2FY26 Q2FY27 H1FY26 H1FY27 39.4% 38.8% 39.2% 39.1% Total Income1 Adjusted EBITDA* Adjusted PAT# Adjusted PAT Margin# (%)Gross Margin (%) 7 1Total Income includes other Income *Adjusted EBDITA excluding other income & ESOP cost #Adj PAT - ESOP expenses added back for IT computation, however on the same DTA is calculated, hence there is no Tax impact on E SOP for addback Adjusted EBITDA Margin* (%) Q2FY26 Q2FY27 H1FY26 H1FY27 16.8% 15.8% 17.0% 16.3% In September 2026, Company merged its two subsidiaries – Pitti Industries Private Limited and Dakshin Foundry Private Limited with their parent entity, Pitti Engineering Limited. Accordingly, financial results for Q2 & H1FY27 are reported on a standalone basis, whereas previous period numbers are restated
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PITTI ENGINEERING LIMITED Profit & Loss Statement 8 *Excluding other income #ESOP expenses added back for IT computation, however on the same DTA is calculated, hence there is no Tax impact on ESOP for addback Profit and Loss (Rs. Crs) Q2FY27 Q2FY26 Y-o-Y H1FY27 H1FY26 Y-o-Y Revenue from Operations 578.4 477.7 21.1% 1,107.5 934.3 18.5% Other Income 2.1 21.3 3.0 28.7 Total Income 580.5 499.1 16.3% 1,110.5 963.0 15.3% Cost of goods sold 354.1 289.7 675.0 567.6 Gross Profit* 224.3 188.0 19.3% 432.6 366.7 18.0% Gross Profit Margin* 38.8% 39.4% 39.1% 39.2% Employee Cost (excluding ESOP cost) 47.2 37.0 90.8 76.6 Other Expenses 85.8 70.6 161.7 131.6 Adjusted EBITDA* 91.3 80.4 13.6% 180.1 158.5 13.6% Adjusted EBITDA Margin* 15.8% 16.8% 16.3% 17.0% Impact of ESOP Cost 2.5 2.7 4.8 5.5 Reported EBITDA* 88.9 77.7 14.5% 175.3 153.0 14.6% Reported EBITDA Margin* 15.4% 16.3% 15.8% 16.4% Depreciation 29.4 25.8 57.8 51.4 EBIT 61.6 73.2 -15.9% 120.4 130.3 -7.6% EBIT Margin 10.7% 15.3% 10.9% 14.0% Finance Cost (excl FX loss) 18.2 18.4 37.7 36.4 FX loss / (Gain) -1.8 1.0 1.3 3.6 Profit before Tax 45.3 53.9 -15.9% 81.5 90.4 -9.9% Profit before Tax* 7.8% 11.3% 7.4% 9.7% Tax 11.4 13.8 18.1 27.4 Profit After Tax 33.9 40.1 -15.3% 63.4 63.0 0.7% Add: ESOP cost# 2.5 2.7 4.8 5.5 Adjusted Profit After Tax 36.3 42.8 -15.1% 68.2 68.5 -0.4% Adjusted Profit After Tax Margin 6.3% 9.0% 6.2% 7.3% In September 2026, Company merged its two subsidiaries – Pitti Industries Private Limited and Dakshin Foundry Private Limited wi th their parent entity, Pitti Engineering Limited. Accordingly, financial results for Q2 & H1FY27 are reported on a standalone basis, whereas previous period numbers are restated
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PITTI ENGINEERING LIMITED Balance Sheet 9 Assets (in Rs. Crs) Sep-26 Mar-26 Non - Current Assets 1,300.7 1,096.4 Property, plant and equipment 967.9 881.9 Capital work-in-progress 120.3 49.8 Right-of-use assets 105.8 129.0 Intangible assets 5.2 5.8 Financial Assets Investments 0.1 0.1 Other Financial Assets 3.2 1.8 Other non-current assets 98.1 27.9 Current Assets 946.4 905.3 Inventories 478.7 394.9 Financial Assets (i)Trade receivables 216.9 206.3 (ii)Cash and cash equivalents 59.1 119.5 (iii)Bank balances other than cash and cash equivalents 42.7 27.3 Other Financial Assets 0.8 4.6 Other Current Assets 148.2 152.9 Total Assets 2,247.0 2,001.7 Equity & Liabilities (in Rs. Crs) Sep-26 Mar-26 Total Equity 911.7 850.8 Share Capital 18.8 18.8 Other Equity 892.9 832.0 Non-Current Liabilities 504.3 505.4 Financial Liabilities (i) Borrowings 372.5 380.8 (ii) Lease Liabilities 82.6 77.2 Provisions 26.0 23.8 Deferred tax liabilities (net) 23.3 23.7 Current Liabilities 831.0 645.4 Financial Liabilities (i) Borrowings 268.0 318.0 (ii) Trade Payables 474.8 243.3 (iii) Lease Liability 31.3 34.5 (iv) Other Financial Liabilities 29.1 24.6 Other Current Liabilities 14.0 11.2 Income tax liabilities (net) 2.3 5.5 Provisions 11.5 8.4 Total Equity & Liabilities 2,247.0 2,001.7 In September 2026, Company merged its two subsidiaries – Pitti Industries Private Limited and Dakshin Foundry Private Limited wi th their parent entity, Pitti Engineering Limited. Accordingly, financial results for Q2 & H1FY27 are reported on a standalone basis, whereas previous period numbers are restated
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PITTI ENGINEERING LIMITED Abridged Cash Flow Statement 10 Particulars (Rs. Crs) Sep-26 Sep-25 Net Profit Before Tax 81.5 90.4 Adjustments for: Non -Cash Items / Other Investment or Financial Items 99.1 101.4 Operating profit before working capital changes 180.6 191.8 Changes in working capital 164.8 -84.4 Cash generated from Operations 345.5 107.5 Direct taxes paid (net of refund) 22.4 12.1 Net Cash from Operating Activities 323.0 95.4 Net Cash from Investing Activities -263.2 -93.8 Net Cash from Financing Activities -120.2 1.5 Net Increase/(Decrease) in Cash and Cash equivalents -60.4 3.0 Add: Cash & Cash equivalents at the beginning of the period 119.5 98.7 Cash & Cash equivalents at the end of the period 59.1 101.7 In September 2026, Company merged its two subsidiaries – Pitti Industries Private Limited and Dakshin Foundry Private Limited wi th their parent entity, Pitti Engineering Limited. Accordingly, financial results for Q2 & H1FY27 are reported on a standalone basis, whereas previous period numbers are restated
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PITTI ENGINEERING LIMITED Content About US Who are we, Our Journey & Manufacturing Presence Our Strengths What Sets us Apart, The Pitti Way Annexures Operational and Financial Performance Quarter Ended September 30th, 2026 Awards & Certifications Accolades that Inspire
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PITTI ENGINEERING LIMITED manufacturing facilities 3 in Telangana, 1 in Maharashtra and 2 in Bangalore 6 About Us – Pitti Engineering Limited Largest manufacturer and exporter of electrical laminations in India & Preeminent manufacturer of machined castings and fabricated components of engineering excellence with a longstanding experience 4 Decades Customers diversified across end user industries 100+ Countries across 6 continents with exports presence Total Income for FY26 11+ Rs. 1,953 Crs Vision Simplifying Engineering Supply Chain Mission To enhance capabilities with cutting edge technology To integrate multiple engineering processes To contract customer supply chain To provide uniquely integrated component Supplier to all motor manufacturers in India Leading 12
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PITTI ENGINEERING LIMITED Diversified Products Portfolio Machined Components Rotating Electrical Equipment Loose Laminations Traction Stator Core Rotor Core Welded Stator Stator Assembly Die Cast Rotors Value Added Products Rotor Assembly Traction Motor Ribbed Shafts Large Stator Core Wheel Hub Welded Stator Core Shaft and Spider SG Iron Casting Stator Frame Rotor Core Iron casting Stator Frame Fabricated frame Shafts 13
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PITTI ENGINEERING LIMITED State of the Art Manufacturing Facilities Manufacturing Of Castings Foundry activities Operations Centrally managed through SAP Software Macharam, Telangana Nandigaon, Telangana Kothur, Telangana Tumkur, Karnataka Fabrication and fettling activities Laminations, low to high value assembling and large level machined components Aurangabad, Maharashtra Laminations, low to high value assembling activities and machined components Common Manufacturing and Marketing Teams Focus on manufacturing of margin accretive and value additive machined products Our advanced manufacturing enables high-quality, customized solutions for evolving customer needs Laminations, Low and medium value assembling activities 14 Hoskote, Karnataka Manufacturing of Casting and Foundry activity
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PITTI ENGINEERING LIMITED Catering to Diversified Industries India’s 4th largest railway network, backed by metro and high-speed rail projects, is driving demand for complex machined parts Traction motor and Railway components India’s 428 GW power base is growing, with 93 GW thermal in the pipeline. The 500 GW renewable target by 2030 is set to drive strong demand for rotating equipment Power Generations The sector is growing on the back of infra, automation, and capex. PLI and investment revival are boosting demand for advanced electrical machinery Industrial & Commercial SP Motors such as HT industrial, marine duty, and cement plant drives—operate under extreme electrical, thermal, and mechanical stresses. Their reliability and efficiency depend heavily on precision- engineered, low-loss stator and rotor laminations that ensure optimal magnetic performance and durability. Special Purpose Motors Demand is rising from bulk handling, hydraulics, and mining expansion, driving need for high-torque, wear-resistant components in draglines, crushers, and heavy equipment Mining , Oil & Gas India targets 60 GW offshore wind with policy support, while solar PV is set to cross 50% of the energy mix by 2030—driving demand for advanced electrical integration Renewable Energy Digital infra boom is driving demand for continuous power and cooling via high-efficiency motors, fueling need for custom stators, rotors, and data-driven thermal components Data Centres Growing demand from agriculture, water infrastructure, and industrial sectors is driving pump motor expansion. Government thrust on rural water supply, urban sanitation, and smart irrigation is boosting volumes, while energy-efficient and solar- compatible motors are reshaping product innovation. Pump Motors 32% 16% 13% 6% 6%3% 3% 21% Q2FY26 27% 16% 12% 8% 10% 5%7% 15% Q2FY27 Industry Wise Revenue Breakup 15 Others includes home appliances, automotives, etc and scrap sales, other income Others Traction motor and railway components Power generation Industrial and commercial Special purpose motors Mining, oil and gas Renewable energy Data Centers By products & Others 34% 17% 12% 6% 5%3% 3% 20% H1FY26 27% 15% 12% 8% 10% 4%6% 18% H1FY27
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PITTI ENGINEERING LIMITED Our Marque Clientele Base The Brand Names and Logos mentioned are the property of their respective owners and are used here for identification purposes only 16
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PITTI ENGINEERING LIMITED Content About US Who are we, Our Journey & Manufacturing Presence Our Strengths What Sets us Apart, The Pitti Way Annexures Operational and Financial Performance Quarter Ended September 30th, 2026 Awards & Certifications Accolades that Inspire
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PITTI ENGINEERING LIMITED What Sets Pitti Engineering Apart Market Leadership in Laminations India's largest manufacturer of electrical steel laminations, leveraging economies of scale for cost efficiency and high-volume output Integrated Manufacturing Capabilities Vertically integrated—from stamping to machining, fabrication, casting, and assembly Presence Across Sectors Presence across wide range of sectors — automotive, industrial motors, railways, wind energy, power generation, appliances, and infrastructure Marquee Clientele Strong emphasize on long-standing relationships with marquee clients and multi-end user segments, forming a sustainable growth base Strong Presence in Exports Increasing share of exports, especially to developed markets like the US and Europe R&D and Tooling Expertise In-house design and tool development capabilities help in customized solutions Customer Focus Deep engagement with global OEMs through customized solutions and engineering expertise has resulted in long-standing client relationships 01 02 03 04 05 06 07 18
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PITTI ENGINEERING LIMITED Exports Dominance - Excellence Has No Borders Exports Revenue (INR Crs) FY23 FY24 FY25 Exports Share (% of Total Revenue) 33% 34% 29% FY23 371 FY24 434 FY25 500 Countries across 6 continents with exports presence 11+ Export Revenue Growth from FY23 to FY26 43% *Map not to scale 19 FY26 531 27% FY26 North America Canada US Mexico Europe Germany Spain Switzerland Asia-Pacific Australia China Kazakhstan South America & Africa Brazil South Africa
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PITTI ENGINEERING LIMITED The Pitti Way Our Approach Output Input Vertical Integration We have vertically integrated our operations from tooling to laminations and their assemblies; and from machined casting and fabrication to machining and other value-added processes Become One Stop shop for our clients focus on producing margin accretive value-added products Intend to leverage our engineering expertise, machining capabilities, fabrication and casting experienceManufacturing Expertise Expand our business into the manufacturing of complex and critical machined components, which we believe is both margin accretive and value additive Delivering quality products along with our integrated manufacturing operations has enabled us to develop products suited to our customers Quality Products Fostering long term customer relationships Delivering value-added, margin-accretive solutions through vertical integration, engineering expertise, and quality-driven manufacturing 20 Our manufacturing facilities are equipped with best-in-class automation and equipment, enabling economies of scaleEconomies of Scale Enhanced production efficiency, ensuring consistent quality, and supporting high-volume, customized output— strengthening our competitiveness
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PITTI ENGINEERING LIMITED Experienced Board of Directors Shri Sharad B Pitti Founder & Chairman A visionary with over four decades of industry leadership, he pioneered India’s lamination manufacturing and built the company from the ground up. His strategic foresight continues to guide its long-term growth Akshay S Pitti MD & Chief Executive Officer With deep operational expertise since 2004, Akshay has modernized the company through technology, high-value manufacturing, and global competitiveness Promoter Executive Directors 21 Y B Sahgal Mechanical engineer with 40+ years of experience, including executive roles at the company, he brings deep technical and operational insight Senior CA and ESG leader, she brings deep experience in sustainability, governance, and impact assessment across industries Priti Savla Senior CA with vast experience in audit, risk, and ethics, she also represents India on international accounting and governance bodies Kemisha Soni Seasoned advocate with over four decades’ experience, former government counsel, represented state institutions, commissions, banks, and insurance companies across jurisdictions Non Executive & Non Independent Director Non Executive Independent Directors G. Vijaya Kumar
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PITTI ENGINEERING LIMITED Strong Management Team at Helm Akshay S Pitti MD & Chief Executive Officer With deep operational expertise since 2004, Akshay has modernized the company through technology, high-value manufacturing, and global competitiveness Chaitra Sundaresh COO – Motor & Generator Components Business A manufacturing entrepreneur turned senior leader post- acquisition, he brings deep domain knowledge in laminations and die-cast components Sandip Agarwala Deputy Chief Executive Officer With a decade at Pitti, he drives strategy and operations for motor and generator components, focusing on efficiency and growth CA with 19 years of cross-sector experience, he leads finance and strategy, ensuring fiscal discipline and business growth M Pavan Kumar Chief Financial Officer Rishab Gupta COO, Machined Components & Enterprise Sourcing An MBA with expertise in automation and sourcing, he leads manufacturing modernization and strategic sourcing initiatives Seasoned governance professional with 28 years of experience, she ensures robust compliance and corporate secretarial practices Mary Monica Braganza Company Secretary & Chief Compliance Officer 22 Avinash Patil Deputy Chief Operating Officer Diploma and Bachelor’s degree in Mechanical Engineering and an e-MBA, with over 24 years of experience in operations, strategic sourcing, supply chain management and business leadership
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PITTI ENGINEERING LIMITED Content About US Who are we, Our Journey & Manufacturing Presence Our Strengths What Sets us Apart, The Pitti Way Annexures Operational and Financial Performance Quarter Ended September 30th, 2026 Awards & Certifications Accolades that Inspire
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PITTI ENGINEERING LIMITED Awards & Certifications 24 2 Growth Award from GE Transportation 2007 & 2011 2 Best Supplier from GE Transportation 2012 3 Best Supplier - Quality , Lean & first from One GE 2015 Outstanding Performance in Quality from CG Power 2021 Product development support from Cummins Generators 2019 Preferred Business Partner from TMIEC 2023 2 Best Supplier from Wabtec Corporation 2019 & 2022 2 Excellence in Development & business support by ELIN WG Supplier Excellence Recognition from Caterpillar 2024 Best Supplier Delivery 2024 from TMEIC EEPC Export Excellence Award, Large Enterprise for FY22-23 Fastest Growing Engineering Companies Awards by Smart Manufacturing & Enterprise in FY24-25
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PITTI ENGINEERING LIMITED Content About US Who are we, Our Journey & Manufacturing Presence Our Strengths What Sets us Apart, The Pitti Way Annexures Operational and Financial Performance Quarter Ended September 30th, 2026 Awards & Certifications Accolades that Inspire
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PITTI ENGINEERING LIMITED Historical Profit & Loss Statement Profit and Loss (Rs. Crs) FY26 (Restated) FY25 FY24 FY23 Revenue from Operations 1,912.8 1,704.6 1,244.2 1,100.2 Other Income 40.1 38.8 48.5 17.9 Total Income 1,952.9 1,743.36 1,292.7 1,118.1 Cost of Goods Sold 1,159.7 1,016.5 771.0 782.3 Gross Profit* 753.1 688.1 473.2 317.9 Gross Profit Margin* 39.4% 40.4% 38.0% 28.9% Employee Cost excluding ESOP Cost 156.3 140.2 99.0 59.7 Other Expenses 271.0 276.2 193.1 106.9 Adjusted EBITDA* 325.8 271.7 181.1 151.4 Adjusted EBITDA Margin* 17.0% 15.9% 14.6% 13.8% Impact of ESOP cost 10.3 0.6 - - Reported EBITDA * 315.5 271.1 181.1 151.4 Reported EBITDA Margin* 16.5% 15.9% 14.6% 13.8% Depreciation 104.7 80.5 58.7 44.7 EBIT 251.0 229.4 170.9 124.6 EBIT Margin 13.1% 13.5% 13.7% 11.3% Finance Cost 83.4 67.8 51.5 44.7 Profit before Tax 167.6 161.6 119.4 79.9 Profit before Tax Margin 8.8% 9.5% 9.6% 7.3% Tax 49.8 39.3 29.7 21.1 Profit After Tax 117.8 122.3 89.7 58.8 Add: ESOP cost 10.3 0.6 - - Adjusted Profit After Tax 128.1 122.9 89.7 58.8 Adjusted Profit Tax Margin 6.7% 7.2% 7.2% 5.3% 26 Consolidated basis from Mar-23 to Mar-25. Mar-26 figures are standalone post merger of subsidiaries to parent entity. Regrouping in FY25, FY24, FY23 *Excluding other income #ESOP expenses added back for IT computation, however on the same DTA is calculated, hence there is Tax impact on ESOP for addback
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PITTI ENGINEERING LIMITED Historical Balance Sheet Assets (in Rs. Crs) Mar26 (Restated) Mar-25 Mar-24 Mar-23 Non - Current Assets 1,096.4 1,149.2 657.0 435.7 Property, plant and equipment 881.9 766.2 371.8 278.9 Capital work-in-progress 49.8 63.0 122.2 24.1 Right-of-use assets 129.0 116.8 83.5 74.3 Investment Property 0.0 0.0 0.0 1.9 Goodwill 0.0 136.1 0.0 0.0 Intangible assets 5.8 7.9 9.3 9.2 Capital work-in-progress - Intangible 0.0 0.1 0.0 0.0 Financial Assets Investments 0.1 0.0 0.0 15.1 Other Financial Assets 1.8 17.3 3.8 8.5 Other non-current assets 27.9 41.8 66.4 23.7 Current Assets 905.3 854.9 734.1 542.3 Inventories 394.9 329.1 287.2 239.3 Financial Assets (i)Trade receivables* 206.3 254.6 214.2 181.4 (ii)Cash and cash equivalents 119.5 98.7 77.0 39.7 (iii)Bank balances 27.3 41.8 34.0 25.5 Other Financial Assets* 4.6 3.5 1.4 0.9 Other Current Assets 152.9 127.3 120.3 55.5 Total Assets 2,001.7 2,004.1 1,391.1 978.0 Equity & Liabilities (in Rs. Crs) Mar-26 (Restated) Mar-25 Mar-24 Mar-23 Total Equity 850.8 898.7 472.9 334.0 Share Capital 18.8 18.8 16.0 16.0 Other Equity 832.0 879.8 455.8 318.0 Instrument Entirely Equity in nature 0.0 0.0 1.1 0.0 Non-Current Liabilities 505.5 407.2 348.2 192.6 Financial Liabilities (i) Borrowings 380.8 281.3 262.9 121.9 (ii) Lease Liabilities 77.2 84.7 62.7 54.0 Provisions 23.8 26.3 20.6 8.2 Deferred tax liabilities (net) 23.7 15.0 2.0 8.5 Current Liabilities 645.4 698.2 570.0 451.4 Financial Liabilities (i) Borrowings 318.0 297.2 285.2 168.0 (ii) Trade Payables* 243.3 327.5 239.1 251.3 (iii) Lease Liability 34.5 26.7 16.9 12.5 (iv) Other Financial Liabilities* 24.6 25.9 14.0 8.3 Other Current Liabilities 11.2 11.6 3.5 4.6 Income tax liabilities (net) 5.5 1.1 4.4 2.4 Provisions 8.4 8.2 6.8 4.3 Total Equity & Liabilities 2,001.7 2,004.1 1,391.1 978.0 27Consolidated basis from Mar-23 to Mar-25. Mar-26 figures are standalone post merger of subsidiaries to parent entity. *Figures are regrouped
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PITTI ENGINEERING LIMITED Historical Abridged Cash Flow Statement Particulars (Rs. Crs) Mar-26 (Restated) Mar-25 Mar-24 Mar-23 Net Profit Before Tax 167.6 161.6 119.4 79.9 Adjustments for: Non -Cash Items / Other Investment or Financial Items 197.7 140.9 101.4 88.2 Operating profit before working capital changes 365.3 302.5 220.8 168.1 Changes in working capital (125.2) 23.6 (130.3) 88.6 Cash generated from Operations 240.1 326.1 90.5 256.7 Direct taxes paid (net of refund) 35.2 37.5 10.5 34.5 Net Cash from Operating Activities 204.9 288.5 80.0 222.2 Net Cash from Investing Activities (174.9) (536.2) (247.0) (103.5) Net Cash from Financing Activities (9.2) 269.3 204.3 (86.7) Net Increase/(Decrease) in Cash and Cash equivalents 20.8 21.6 37.3 32.0 Add: Cash & Cash equivalents at the beginning of the period 98.7 77.1 39.7 7.7 Cash & Cash equivalents at the end of the period 119.5 98.7 77.0 39.7 28Consolidated basis from Mar-23 to Mar-25. Mar-26 figures are standalone post merger of subsidiaries to parent entity.
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PITTI ENGINEERING LIMITED Historical Financial Highlights 1,118 1,293 1,743 1,953 FY23 FY24 FY25 FY26 +20% FY23 FY24 FY25 FY26 28.9% 38.0% 40.4% 39.4% 151 181 272 326 FY23 FY24 FY25 FY26* +29% 59 90 123 128 FY23 FY24 FY25 FY26 +30% FY23 FY24 FY25 FY26* 13.8% 14.6% 15.9% 17.0% FY23 FY24 FY25 FY26 5.3% 7.2% 7.2% 6.7% Total Income# EBITDA Profit After Tax^ Gross Profit Margin (%)* EBITDA Margin (%) PAT Margin (%) 29 #Total Income includes other Income *Excluding other income including ESOP Cost of 10.3 crs for FY26 ^PAT for FY26 has been adjusted by adding back ESOP costs Consolidated basis from FY23 to FY25. FY26 figures are standalone post merger of subsidiaries to parent entity.
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PITTI ENGINEERING LIMITED Financial Ratios FY23 FY24 FY25 FY26 19.0% 22.2% 17.8% 12.5% 0.9 1.4 0.8 0.7 FY23 FY24 FY25 FY26 FY23 FY24 FY25 FY26 6.1% 7.6% 7.2% 5.7% FY23 FY24 FY25 FY26 17.2% 18.4% 16.1% 13.7% 3.3 3.1 2.5 2.0 FY23 FY24 FY25 FY26 ROE ROA ROCE Debt / Equity (x) Asset Turnover (x) 30 ROE : PAT / Average Total Equity ROA : PAT / Average Total Assets ROCE : EBIT / Average Capital Employed Debt / Equity : Total Debt / Average Total Equity Asset Turnover : Revenue / Average Net PPE Consolidated
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PITTI ENGINEERING LIMITED Pitti Engineering Limited CIN: L29253TG1983PLC004141 Contact us – shares@pitti.in For more Information visit company website www.pitti.in Strategic Growth Advisors Private Limited CIN: U74140MH2010PTC204285 Mr. Sagar Shroff / Mr. Ayush Haria sagar.shroff@sgapl.net / ayush.haria@sgapl.net +91 98205 19303 / +91 98204 62966 Thank You