Integrated Filing — IndAS



General information about company

Scrip Code 513519
NSE Symbol PITTIENG
MSEI Symbol NOTLISTED
ISIN INE450D01021
Name of company PITTI ENGINEERING LIMITED
Type of company Main Board
Class of security Equity
Date of start of financial year 01-04-2025
Date of end of financial year 31-03-2026
Date of board meeting when results were approved 07-11-2025
Date on which prior intimation of the meeting for considering financial results was informed to the exchange 24-10-2025
Description of presentation currency INR
Level of rounding used in financial results Lakhs
Reporting Type Quarterly
Reporting Quarter Second quarter
Nature of report standalone or consolidated Consolidated
Whether results are audited or unaudited for the quarter ended Unaudited
Whether results are audited or unaudited for the Year to date for current period ended/year ended Unaudited
Segment Reporting Geographical
Description of single segment
Start date and time of board meeting 07-11-2025   16:30:00
End date and time of board meeting 07-11-2025   17:20:00
Whether cash flow statement is applicable on company Yes
Type of cash flow statement Cash Flow Indirect
Declaration of unmodified opinion or statement on impact of audit qualification Not applicable



Financial Results Ind-AS

Amount in (Lakhs)

Particulars 3 months/ 6 months ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
A Date of start of reporting period 01-07-2025 01-04-2025
B Date of end of reporting period 30-09-2025 30-09-2025
C Whether results are audited or unaudited Unaudited Unaudited
D Nature of report standalone or consolidated Consolidated Consolidated
1 Income
Revenue from operations 47,772.93 93,429.36
Other income 2,132.35 2,872.64
Total income 49,905.28 96,302.00
2 Expenses
(a) Cost of materials consumed 30,091.98 58,250.58
(b) Purchases of stock-in-trade 0.00 0.00
(c) Changes in inventories of finished goods, work-in-progress and stock-in-trade (1,120.94) (1,486.53)
(d) Employee benefit expense 3,976.59 8,209.31
(e) Finance costs 1,936.54 3,991.86
(f) Depreciation, depletion and amortisation expense 2,574.91 5,139.45
(f) Other Expenses
1 Other Expenses 7,059.52 13,156.15
Total other expenses 7,059.52 13,156.15
Total expenses 44,518.60 87,260.82
3 Total profit before exceptional items and tax 5,386.68 9,041.18
4 Exceptional items 0.00 0.00
5 Total profit before tax 5,386.68 9,041.18
6 Tax expense
7 Current tax 1,124.47 2,288.80
8 Deferred tax 252.79 454.72
9 Total tax expenses 1,377.26 2,743.52
10 Net movement in regulatory deferral account balances related to profit or loss and the related deferred tax movement 0.00 0.00
11 Net Profit Loss for the period from continuing operations 4,009.42 6,297.66
12 Profit (loss) from discontinued operations before tax 0.00 0.00
13 Tax expense of discontinued operations 0.00 0.00
14 Net profit (loss) from discontinued operation after tax 0.00 0.00
15 Share of profit (loss) of associates and joint ventures accounted for using equity method 0.00 0.00
16 Total profit (loss) for period 4,009.42 6,297.66
17 Other comprehensive income net of taxes 88.00 73.66
18 Total Comprehensive Income for the period 4,097.42 6,371.32
19 Total profit or loss, attributable to
Profit or loss, attributable to owners of parent 0.00 0.00
Total profit or loss, attributable to non-controlling interests 0.00 0.00
20 Total Comprehensive income for the period attributable to
Comprehensive income for the period attributable to owners of parent 0.00 0.00
Total comprehensive income for the period attributable to owners of parent non-controlling interests 0.00 0.00
21 Details of equity share capital
Paid-up equity share capital 1,883.10 1,883.10
Face value of equity share capital 5 5
27 Details of debt securities
22 Reserves excluding revaluation reserve
23 Earnings per share
i Earnings per equity share for continuing operations
Basic earnings (loss) per share from continuing operations 10.78 16.92
Diluted earnings (loss) per share from continuing operations 10.78 16.92
ii Earnings per equity share for discontinued operations
Basic earnings (loss) per share from discontinued operations 0 0
Diluted earnings (loss) per share from discontinued operations 0 0
ii Earnings per equity share
Basic earnings (loss) per share from continuing and discontinued operations 10.78 16.92
Diluted earnings (loss) per share from continuing and discontinued operations 10.78 16.92
24 Debt equity ratio
25 Debt service coverage ratio
26 Interest service coverage ratio
27 Disclosure of notes on financial results Textual Information(1)



Disclosure of notes on financial results

Textual Information(1) 1. The above financial results for the quarter and half year ended 30th September 2025 has been reviewed by the Audit Committee and approved by the Board of Directors at their respective meetings held on 7th November 2025. 2. The financial results have been prepared in accordance with Indian Accounting Standards (Ind AS) prescribed under Section 133 of the Companies Act, 2013, read with relevant rules issued thereunder and other accounting principles generally accepted in India and in terms of Regulations issued by Securities and Exchange Board of India (SEBI). 3. The consolidated financial results include results of the following: a. Holding Company – Pitti Engineering Limited b. Wholly Owned Subsidiaries (i) Pitti Industries Private Limited (Formerly Bagadia Chaitra Industries Private Limited) w.e.f. 6th May 2024 (ii) Dakshin Foundry Private Limited w.e.f. 25th July 2024 4. The Pitti Engineering Limited Employee Welfare Trust (ESOP Trust) purchased equity shares of the Company from the open market as on September 30, 2025 is 6,20,318 . The Company considers the ESOP Trust as its extension, and accordingly, the shares held by the Trust are treated as treasury shares in accordance with IND AS 32. For the accounting of employee stock options granted, the Company and its subsidiaries have adhered to the requirements of IND AS 102. The adjustment to the earnings per share due to the grant of options is anti-dilutive; hence, the basic and diluted earnings per share remain the same. The Group has only one business segment, which is manufacturing of engineering products of Iron and Steel, hence the reporting is done as a single segment. For geographical segment revenue and assets, please refer to point no.5 of the results submitted to the stock exchanges. 5. Figures for the previous quarter /year have been regrouped wherever necessary to correspond with current year’s presentation.



Remarks

Debt equity ratio
Debt service coverage ratio
Interest service coverage ratio


Statement of Asset and Liabilities

Amount in (Lakhs)

Particulars Year ended (dd-mm-yyyy)
Date of start of reporting period 01-04-2025
Date of end of reporting period 30-09-2025
Whether results are audited or unaudited Unaudited
Nature of report standalone or consolidated Consolidated
Assets
1 Non-current assets
Property, plant and equipment 91,994.80
Capital work-in-progress 6,662.01
Investment property 0.00
Goodwill 13,609.05
Other intangible assets 638.19
Intangible assets under development 0.00
Biological assets other than bearer plants 0.00
Investments accounted for using equity method 0.00
Non-current financial assets
Non-current investments 4.98
Trade receivables, non-current 0.00
Loans, non-current 0.00
Other non-current financial assets 189.21
Total non-current financial assets 194.19
Deferred tax assets (net) 0.00
Other non-current assets 3,652.31
Total non-current assets 1,16,750.55
2 Current assets
Inventories 40,558.90
Current financial asset
Current investments 1.31
Trade receivables, current 26,029.84
Cash and cash equivalents 10,166.52
Bank balance other than cash and cash equivalents 4,338.58
Loans, current 0.00
Other current financial assets 389.99
Total current financial assets 40,926.24
Current tax assets (net) 0.00
Other current assets 16,017.31
Total current assets 97,502.45
3 Non-current assets classified as held for sale
4 Regulatory deferral account debit balances and related deferred tax Assets
Total assets 2,14,253.00
Equity and liabilities
1 Equity
Equity attributable to owners of parent
Equity share capital 1,883.10
Other equity 92,090.14
Total equity attributable to owners of parent 93,973.24
Non controlling interest
Total equity 93,973.24
2 Liabilities
Non-current liabilities
Non-current financial liabilities
Borrowings, non-current 32,352.63
Trade payables, non-current
(A) Total outstanding dues of micro enterprises and small enterprises 0.00
(B) Total outstanding dues of creditors other than micro enterprises and small enterprises 0.00
Total Trade payable 0.00
Other non-current financial liabilities 8,312.69
Total non-current financial liabilities 40,665.32
Provisions, non-current 2,506.97
Deferred tax liabilities (net) 1,978.35
Deferred government grants, Non-current 0.00
Other non-current liabilities 0.00
Total non-current liabilities 45,150.64
Current liabilities
Current financial liabilities
Borrowings, current 33,880.06
Trade payables, current
(A) Total outstanding dues of micro enterprises and small enterprises 685.33
(B) Total outstanding dues of creditors other than micro enterprises and small enterprises 30,138.03
Total Trade payable 30,823.36
Other current financial liabilities 7,062.90
Total current financial liabilities 71,766.32
Other current liabilities 1,172.61
Provisions, current 953.71
Current tax liabilities (Net) 1,236.48
Deferred government grants, Current 0.00
Total current liabilities 75,129.12
3 Liabilities directly associated with assets in disposal group classified as held for sale
4 Regulatory deferral account credit balances and related deferred tax liability
Total liabilities 1,20,279.76
Total equity and liabilites 2,14,253.00
Disclosure of notes on assets and liabilities



Format for Reporting Segment wise Revenue, Results and Capital Employed along with the company results

Amount in (Lakhs)

Particulars 3 months/ 6 month ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
Date of start of reporting period 01-07-2025 01-04-2025
Date of end of reporting period 30-09-2025 30-09-2025
Whether results are audited or unaudited Unaudited Unaudited
Nature of report standalone or consolidated Consolidated Consolidated
1 Segment Revenue (Income)
(net sale/income from each segment should be disclosed)
1 a) India 34,260.38 65,980.72
2 b) Outside India 13,512.55 27,448.64
Total Segment Revenue 47,772.93 93,429.36
Less: Inter segment revenue
Revenue from operations 47,772.93 93,429.36
2 Segment Result
Profit (+) / Loss (-) before tax and interest from each segment
1 a) India 0.00 0.00
2 b) Outside India 0.00 0.00
Total Profit before tax 0.00 0.00
i. Finance cost
ii. Other Unallocable Expenditure net off Unallocable income
Profit before tax 0.00 0.00
3 (Segment Asset - Segment Liabilities)
Segment Asset
1 a) India 1,99,398.42 1,99,398.42
2 b) Outside India 14,854.56 14,854.56
Total Segment Asset 2,14,252.98 2,14,252.98
Un-allocable Assets 0.00 0.00
Net Segment Asset 2,14,252.98 2,14,252.98
4 Segment Liabilities
Segment Liabilities
1 a) India 0.00 0.00
2 b) Outside India 0.00 0.00
Total Segment Liabilities 0.00 0.00
Un-allocable Liabilities 0.00 0.00
Net Segment Liabilities 0.00 0.00
Disclosure of notes on segments



Other Comprehensive Income

Amount in (Lakhs)

Particulars 3 months/ 6 months ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
A Date of start of reporting period 01-07-2025 01-04-2025
B Date of end of reporting period 30-09-2025 30-09-2025
C Whether results are audited or unaudited Unaudited Unaudited
D Nature of report standalone or consolidated Consolidated Consolidated
Other comprehensive income [Abstract]
1 Amount of items that will not be reclassified to profit and loss
1 Remeasurement of the net defined benefit liability/assets 117.59 98.43
Total Amount of items that will not be reclassified to profit and loss 117.59 98.43
2 Income tax relating to items that will not be reclassified to profit or loss 29.59 24.77
3 Amount of items that will be reclassified to profit and loss
Total Amount of items that will be reclassified to profit and loss
4 Income tax relating to items that will be reclassified to profit or loss
5 Total Other comprehensive income 88.00 73.66



Cash flow statement, indirect

Amount in (Lakhs)

Particulars Year ended (dd-mm-yyyy)
A Date of start of reporting period 01-04-2025
B Date of end of reporting period 30-09-2025
C Whether results are audited or unaudited Unaudited
D Nature of report standalone or consolidated Consolidated
Statement of cash flows
Cash flows from used in operating activities
Profit before tax 9,041.18
Adjustments for reconcile profit (loss)
Adjustments for finance costs 3,991.86
Adjustments for decrease (increase) in inventories (7,648.07)
Adjustments for decrease (increase) in trade receivables, current 994.86
Adjustments for decrease (increase) in trade receivables, non-current 0.00
Adjustments for decrease (increase) in other current assets (3,237.61)
Adjustments for decrease (increase) in other non-current assets 159.71
Adjustments for other financial assets, non-current 145.97
Adjustments for other financial assets, current 1,578.95
Adjustments for other bank balances 0.00
Adjustments for increase (decrease) in trade payables, current (1,008.64)
Adjustments for increase (decrease) in trade payables, non-current 0.00
Adjustments for increase (decrease) in other current liabilities 13.81
Adjustments for increase (decrease) in other non-current liabilities 0.00
Adjustments for depreciation and amortisation expense 5,139.45
Adjustments for impairment loss reversal of impairment loss recognised in profit or loss 0.00
Adjustments for provisions, current 132.62
Adjustments for provisions, non-current (125.66)
Adjustments for other financial liabilities, current 555.18
Adjustments for other financial liabilities, non-current 0.00
Adjustments for unrealised foreign exchange losses gains 591.18
Adjustments for dividend income 0.00
Adjustments for interest income 239.25
Adjustments for share-based payments 547.59
Adjustments for fair value losses (gains) (0.15)
Adjustments for undistributed profits of associates 0.00
Other adjustments for which cash effects are investing or financing cash flow 0.00
Other adjustments to reconcile profit (loss) 0.00
Other adjustments for non-cash items 112.61
Share of profit and loss from partnership firm or association of persons or limited liability partnerships 0.00
Total adjustments for reconcile profit (loss) 1,704.41
Net cash flows from (used in) operations 10,745.59
Dividends received 0.00
Interest paid 0.00
Interest received 0.00
Income taxes paid (refund) 1,206.53
Other inflows (outflows) of cash 0.00
Net cash flows from (used in) operating activities 9,539.06
Cash flows from used in investing activities
Cash flows from losing control of subsidiaries or other businesses 0.00
Cash flows used in obtaining control of subsidiaries or other businesses 0.00
Other cash receipts from sales of equity or debt instruments of other entities 0.00
Other cash payments to acquire equity or debt instruments of other entities 0.00
Other cash receipts from sales of interests in joint ventures 0.00
Other cash payments to acquire interests in joint ventures 0.00
Cash receipts from share of profits of partnership firm or association of persons or limited liability partnerships 0.00
Cash payment for investment in partnership firm or association of persons or limited liability partnerships 0.00
Proceeds from sales of property, plant and equipment 0.00
Purchase of property, plant and equipment 9,804.86
Proceeds from sales of investment property 184.97
Purchase of investment property 0.00
Proceeds from sales of intangible assets 0.00
Purchase of intangible assets 0.00
Proceeds from sales of intangible assets under development 0.00
Purchase of intangible assets under development 0.00
Proceeds from sales of goodwill 0.00
Purchase of goodwill 0.00
Proceeds from biological assets other than bearer plants 0.00
Purchase of biological assets other than bearer plants 0.00
Proceeds from government grants 0.00
Proceeds from sales of other long-term assets 0.00
Purchase of other long-term assets 0.00
Cash advances and loans made to other parties 0.00
Cash receipts from repayment of advances and loans made to other parties 0.00
Cash payments for future contracts, forward contracts, option contracts and swap contracts 0.00
Cash receipts from future contracts, forward contracts, option contracts and swap contracts 0.00
Dividends received 0.00
Interest received 240.54
Income taxes paid (refund) 0.00
Other inflows (outflows) of cash (4.95)
Net cash flows from (used in) investing activities (9,384.30)
Cash flows from used in financing activities
Proceeds from changes in ownership interests in subsidiaries 0.00
Payments from changes in ownership interests in subsidiaries 0.00
Proceeds from issuing shares 0.00
Proceeds from issuing other equity instruments 0.00
Payments to acquire or redeem entity's shares 2,246.36
Payments of other equity instruments 0.00
Proceeds from exercise of stock options 0.00
Proceeds from issuing debentures notes bonds etc 0.00
Proceeds from borrowings 11,694.90
Repayments of borrowings 5,586.89
Payments of lease liabilities (459.09)
Dividends paid 0.18
Interest paid 3,915.69
Income taxes paid (refund) 0.00
Other inflows (outflows) of cash (258.45)
Net cash flows from (used in) financing activities 146.42
Net increase (decrease) in cash and cash equivalents before effect of exchange rate changes 301.18
Effect of exchange rate changes on cash and cash equivalents
Effect of exchange rate changes on cash and cash equivalents 0.00
Net increase (decrease) in cash and cash equivalents 301.18
Cash and cash equivalents cash flow statement at beginning of period 9,865.34
Cash and cash equivalents cash flow statement at end of period 10,166.52