Pitti Engineering Ltd., which provides a variety of merchandise to vastly diversified end-user segments, reported fourth-quarter web revenue grew 62.48% to ₹40.36 crore in contrast with ₹24.84 crore within the year-earlier interval.
Revenue from operations through the quarter ended March 31, grew 32.48% to ₹327.88 crore in contrast with ₹247.50 crore.
For FY24, the corporate reported 53.32% progress in web revenue to ₹90.20 crore in contrast with ₹58.83 crore.
Revenue from operations was at ₹1,201.60 crore in contrast with ₹1,100.17 crore within the earlier yr, up 9.22%.
The firm’s gross sales volumes on Year on Year (YoY) foundation elevated to 42,305 MT as in contrast with 36,297 mt in FY23, up 16.55%. Capacity utilisation for sheet steel was at 72.95% and machine hours at 90.47%.
Akshay S Pitti, Vice Chairman & Managing Director, mentioned “FY24 has been the best in the company’s history, recording all-time high revenues, profitability, and sales volume. Also, in the current quarter, an incentive amount of ₹30.45 crore was accounted for under the Maharashtra State Industrial Promotion Scheme.”
