FY26 Revenue Growth: ~15% YoY
Management targets ~₹2,000 crore revenue for FY26, supported by robust order pipeline and strong visibility across domestic and export markets.
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Pitti Engineering · forward-looking guidance across the available source record.
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Q4 Peak Capacity Utilization
Based on current run rate and projections, Q4 FY26 is expected to operate at full/peak capacity utilization, triggering the need for announced capex.
Q3 Export Performance: Best Ever
Management expects Q3 to be the best export performance quarter in company history, with robust order flows despite tariff uncertainties.
Capex Deployment: ₹155 Crore Over 18 Months
Board approved ₹155 crore capex (plus ₹40 crore carry-forward) to expand sheet metal to 108,000MT, machine hours to 720,000, and casting to 24,600MT. Approximately ₹80 crore in FY26, ₹110 crore in FY27.
FY26 Revenue Target: Rs 1,950 crore
9-month revenue of Rs 1,447 crore already achieved; maintaining run rate in Q4 will hit midpoint of guided Rs 1,900-2,000 crore range.
FY27 Revenue Target: Rs 2,250 crore
Management provided consolidated topline guidance for FY27, supported by capacity expansion and new customer acquisitions.
FY27 EBITDA Margin: ~17%
Management expects margins to remain around 17% (midpoint) for full year FY27, with +/-50bps variance depending on product mix.
Inventory Reduction: Rs 500 crore to Rs 300 crore
With BIS-approved steel secured from Korea and Japan, inventory will be liquidated to historic levels by April 2026, releasing Rs 200 crore in working capital.