ID : 47403

Pitti Engineering Q2 revenue from operations up 26



Type : Sell
Condition : New
Warranty : No

The company’s revenue from operations stood at Rs. 304.17 crore

Pitti Engineering Limited, leading Engineering Company, has declared its financial results for the Quarter ended September 30, 2022.

The company’s revenue from operations has registered a growth of 25.57%, to Rs. 304.17 crore, while EBITDA was at Rs. 36.55 crore as compared to Rs. 35.04 crore in Q2FY22.

Akshay Pitti, Vice Chairman & Managing Director and Interim CFO, said that โ€œSupply chain challenges are easing across the value chain,

both for inward and outward materials.

This coupled with softening of raw material prices will result in lower inventory levels and working capital requirements,

reducing our net debt level significantly over the next couple of quarters.

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