Pitti Engineering PAT up 72.74 to ₹38.02 crore in Q2 FY25

Hyderabad, November 14, 2024: Pitti Engineering Limited, leading Engineering Company, has declared its consolidated financial results for the Q2&H1FY25 ended September 30, 2024.

PAT was at ₹ 38.02 crore as compared to ₹ 22.01 crore in Q2FY24, increase of 72.74% on YoY basis. Sales Volume increased to 16,300 MT as compared to 10,340 MT in Q2FY24; increased by 57.64 % on YoY basis. Total Income in Q2FY25 was at ₹ 455.25 crore, as compared to ₹ 315.30 crore in Q2FY24, up by 44.39 % on YoY basis. EBITDA was at ₹ 66.07 crore as compared to ₹ 44.56 crore in Q2FY24; registered a growth of 48.27 % on YoY basis.

In H1FY24, PAT was at ₹ 57.38 crore as compared to ₹27.99 crore; up by 105% on YoY basis. Sales Volume is increased to 31,292 MT as compared to 20,298 MT in H1FY24; increased by 54.16%. Total Income was at ₹ 850.06 crore, as compared to ₹ 620.04 crore in H1FY24, up by 37.10%. EBITDA was at ₹ 124.09 crore as compared to ₹77.64 crore in H1FY24; registered a growth of 59.83%.

Commenting on the Results, Mr. Akshay S Pitti, MD & CEO said, “I am happy to report that our consolidated H1 of FY 25 PAT grew YoY by 105% to ₹ 57.38 Crore and Total Income was ₹ 850.06 Crore up by 37.10%. We have delivered the best performance across every metric during the first half of the year. We are confident of further improving our financial and operating performance, as we continue to derive synergies and integrate the operations of our strategic acquisitions and amalgamations.”

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