New Delhi, April 21 (IANS) Pitti Engineering has reported a 21.43 per cent year-on-year (YoY) decline in its consolidated net profit to Rs 36.14 crore for the quarter ended March 2025 (Q4 FY25), compared to Rs 46 crore in the same period last year.
This decline in profitability came despite a strong surge in sales, which rose 39.56 per cent to Rs 468.78 crore from Rs 335.90 crore in the corresponding quarter of the previous year.
For the full financial year ended March 2025, however, the company posted a robust 36.33 per cent jump in net profit to Rs 122.29 crore, up from Rs 89.70 crore in FY24.
Total sales for the year climbed 37.01 per cent to Rs 1,704.57 crore, as against Rs 1,244.16 crore recorded in the previous fiscal.
Pitti Engineering Limited, formerly known as Pitti Laminations Limited, is a leading Indian manufacturer and exporter of electrical steel laminations, motor cores, die-cast rotors, sub-assemblies, and press tools.
The company supplies critical components to sectors such as power generation, renewable energy, transportation, and infrastructure.
Its shares closed almost flat at Rs 999, up by Rs 1.30, or 0.13 per cent, on the National Stock Exchange (NSE) on Monday.
In the last five days, the stock dropped by Rs 23 or 2.25 per cent, while it was down by Rs 10.70, or 1.06 per cent, in the last one month.
The downward trend has continued through 2025, with the stock losing Rs 299 or 23.06 per cent in last six months. On year-to-date basis, the stock was delivered Rs 331.45 or 24.91 per cent on the NSE.
The shares touched 52-week high of Rs 1,512.4 on December 5, 2024 and it touched a 52-week low of Rs 782.75 April 19,2024.
According to the NSE data, the current market capitalisation of the company is Rs 3,761.59 crore.
–IANS
pk/vd
Disclaimer
The information contained in this website is for general information purposes only. The information is provided by BhaskarLive.in and while we endeavour to keep the information up to date and correct, we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, suitability or availability with respect to the website or the information, products, services, or related graphics contained on the website for any purpose. Any reliance you place on such information is therefore strictly at your own risk.
In no event will we be liable for any loss or damage including without limitation, indirect or consequential loss or damage, or any loss or damage whatsoever arising from loss of data or profits arising out of, or in connection with, the use of this website.
Through this website you are able to link to other websites which are not under the control of BhaskarLive.in We have no control over the nature, content and availability of those sites. The inclusion of any links does not necessarily imply a recommendation or endorse the views expressed within them.
Every effort is made to keep the website up and running smoothly. However, BhaskarLive.in takes no responsibility for, and will not be liable for, the website being temporarily unavailable due to technical issues beyond our control.
For any legal details or query please visit original source link given with news or click on Go to Source.
Our translation service aims to offer the most accurate translation possible and we rarely experience any issues with news post. However, as the translation is carried out by third part tool there is a possibility for error to cause the occasional inaccuracy. We therefore require you to accept this disclaimer before confirming any translation news with us.
If you are not willing to accept this disclaimer then we recommend reading news post in its original language.
