Quarterly Result14 May 2026, 07:22 pm
Pitti Eng Ltd: FY26 Results, ₹2.50 Dividend & ₹290 Cr Capex
AI Summary
Pitti Engineering Ltd's board approved the audited financial results for the quarter and year ended March 31, 2026, and recommended a final dividend of ₹2.50 per equity share. The board also approved a capital expenditure of ₹290 crores for setting up a greenfield casting and machined components facility, expected to be completed in three years and funded through internal accruals and lease finance. The new facility will increase the company's total installed casting capacity to 36,000 MT per annum.
Key Highlights
- Audited financial results for FY26 approved with unmodified opinion from auditors.
- Final dividend of ₹2.50 (50%) per share recommended, subject to shareholder approval.
- ₹290 crore capex approved for a new greenfield casting and machined components facility.
- New facility to increase casting capacity to 36,000 MT per annum in 3 years.
- Capex will be funded through internal accruals and lease finance.