Pitti Engineering Ltd-$ - 513519 - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
Audio recording of conference call on the un-audited financial results for the quarter ended 30th June 202317-08-2023
17-08-2023
Pitti Engineering Q1 net up by 19% to Rs 13.97 crore
The company's total revenues for the quarter ended June 30, 2023, was at Rs 290.71 crore, as compared with Rs 311.06 crore in the year-earlier period, down by 6.54 percent.17-08-2023
Q1FY24 Quarterly Result Announced for Pitti Engineering Ltd.
Electrical Equipment/Products company Pitti Engineering announced Q1FY24 results: Total Revenue was at Rs 290.71 crore, as compared to Rs 311.06 crore in Q1FY23, down by 6.54%. EBITDA was at Rs 42.43 crore, as compared to Rs 35.45 crore, registered a growth of 19.69% EBITDA per tonne stands at Rs 42,607, as compared to Rs 40,539 in Q1FY23, registered a growth of 5.10% Net Profit was at Rs 13.97 crore, as compared to Rs 11.71 crore in Q1FY23, clocking a growth of 19.30% We achieved a sales volume of 9,958 MT in Q1FY24. The market outlook remains positive with robust demand for our products and services. Our EBIDTA for Q1FY24 grew by 19.69% YoY growth to Rs 42.43 crore, the highest-ever EBITDA recorded for a quarter. Our Company has recorded a net profit of Rs 13.97 crore, indicating a YoY growth of 19.30% against, Rs 11.71 crore in Q1FY23. The ongoing brownfield expansion at our facilities is progressing as planned. Commenting on the results, Akshay S. Pitti, Vice Chairman, and Managing Director, said, “Pitti Engineering Limited has achieved an exceptional milestone by recording its highest-ever EBITDA of Rs 42.43 crore for Q1FY24 with a YoY growth of 19.69%. Our blended EBITDA was at Rs 42,607 per MT, while the net profit surged to Rs 13.97 crore with a YoY growth of 19.30%. On the capex side, the brownfield expansions at Aurangabad and Hyderabad remain on track. The marginal de-growth in revenues was on account of a reduction in the cost of raw materials. The demand outlook and volumes in the second quarter are very encouraging and we are on track to achieve our guidance on both volumes and profitability for the year.” Result PDF17-08-2023
Pitti Engineering Ltd-$ - 513519 - Announcement under Regulation 30 (LODR)-Newspaper Publication
Newspaper publication of unaudited financial results for the quarter ended June 30 202316-08-2023
Pitti Engineering Q1 net up 19% on lower cost
Pitti Engineering attributed rise in profits to lower costs and better margins, despite a marginal decline in revenue.14-08-2023
Pitti Engineering Ltd-$ - 513519 - Announcement under Regulation 30 (LODR)-Press Release / Media Release
In terms of regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015 please find attached a press release regarding ''Financial Results - Q1FY24''14-08-2023
Pitti Engineering Ltd-$ - 513519 - Announcement under Regulation 30 (LODR)-Investor Presentation
In terms of regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 please find attached the Investor Presentation on the financial results of the Company for the quarter ended 30th June 202314-08-2023
Pitti Engineering Ltd-$ - 513519 - Intimation Under Regulation 30(5) Of The SEBI (Listing Obligations And Disclosure Requirements) Regulations, 2015
Intimation under Regulation 30(5) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 201514-08-2023
Pitti Engineering Ltd-$ - 513519 - Board Meeting Outcome for Unaudited Financial Results For The Quarter Ended June 30, 2023 Along With Investor Presentation Board Meeting Outcome
We wish to inform you that Board of Directors of the Company at its meeting held today i.e. 14th August 2023 has inter alia: 1) Approved the un-audited financial results (standalone & consolidated) of the Company quarter ended 30th June 2023. 2)Approved amendments to the policy for determining materiality of events / information. The meeting of Board of Directors of the Company commenced at 4:00 P.M and concluded at 5:40 P.M.14-08-2023
Pitti Engineering Ltd-$ - 513519 - Unaudited Financial Results For The Quarter Ended June 30, 2023
Unaudited financial results for the quarter ended June 30, 202314-08-2023