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Pitti Engineering Ltd. ( (IN:PITTIENG) ) has issued an update.
Pitti Engineering Limited announced its unaudited financial results for the first quarter of FY26, showing significant growth in sales volumes across various product lines, with raw castings growing by 145.2%, stator-frames by 63.4%, and machined components by 36.0%. The company also secured a new platform for alternators expected to generate over ₹20 crores in revenue and approved a ₹150 crore capital expenditure plan to expand manufacturing capacities, funded through internal accruals and debt, to be completed over 18 months.
More about Pitti Engineering Ltd.
Pitti Engineering Limited is one of India’s largest producers of electrical steel laminations and machined components. The company focuses on manufacturing products such as raw castings, stator-frames, and machined components, and serves industries that require these components, such as data centers.
Average Trading Volume: 4,630
Technical Sentiment Signal: Hold
Current Market Cap: 34.65B INR
For a thorough assessment of PITTIENG stock, go to TipRanks’ Stock Analysis page.