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.

Pitti Engineering Q1 net up by 19% to Rs 13.97 crore

Pitti Eng. reports 19% rise in Q1 net profit to Rs 14 cr; income down at Rs 291 cr. Expenses dipped to Rs 272 cr, highest-ever EBITDA of Rs 42 cr. Sales volume of 9,958 tonnes, market outlook remains positive. Brownfield expansions at Aurangabad and Hyderabad on track. Demand outlook and volumes enc…

Pitti Engineering Q1 net up 19% on lower cost

Pitti Engineering Ltd., which is into the manufacturing of electrical steel laminations, sub-assemblies for motor and generator cores among others, has reported 19.3% growth in net profit for the first quarter at ₹13.97 crore, as compared with ₹ 11.71 crore in the year-earlier period.

Pitti Engineering Q1 net profit up 19% at ₹13.97 crore

KR Choksey is bullish on Pitti Engineering has recommended buy rating on the stock with a target price of Rs 754 in its research report dated July 31, 2023.

Buy Pitti Engineering; target of Rs 754: KR Choksey

Pitti Engineering Ltd. (PEL) has announced a transaction that would merge the supply chain, margins and revenue of group company Pitti Castings Private Ltd. (PCPL) with itself.

Pitti Engineering announces scheme of amalgamation

Pitti Engineering plans to merge its group company Pitti Castings Private with itself.

Pitti Engineering to merge Pitti Castings with itself

Pitti Engineering reported a 25 per cent increase in March quarter net profit at ₹25 crore, while revenue from operations was down 9 per cent at ₹248 crore.

Pitti Engineering Q4 net up 25% on better margin

Pitti Engineering Ltd. reported fourth-quarter net profit grew 25.47% year-on-year to ₹24.83 crore.

Pitti Engineering Q4 PAT surges 25% to ₹24.83 crore

Pitti Engineering Ltd. reported net profit for the quarter ended December 2022 grew 4.57% to ₹12.13

Pitti Engineering Q3 PAT up 5%, revenue down

Soft raw material prices push down revenue at Pitti Engineering

Pitti Engineering net up 5% on higher sales volume

Supply chain challenges are easing across the value chain, both for inward and outward materials: Pitti Engineering MD

Pitti Engineering net down 23% on supply chain constraints

The creamy layer - amongst the top performing stocks

Performance

Seems to be overvalued vs the market average

Valuation

Financials growth has been moderate for a few years

Growth

Showing good signs of profitability & efficiency

Profitability

The stock is overpriced but is not in the overbought zone

Current price is more than the intrinsic value

Fundamentals

Good time to consider, stock is not in the overbought zone

Technicals

Entry point

Promoter pledged holding

Unsolicited messages

Default probability

Red flags

Pitti Engineering is engaged in manufacturing of electrical laminations and stampings