Pitti Engg net zooms by 58.68% in Q3

Hyderabad: Pitti Engineering Ltd registered a growth of 58.68 per cent in net profit at Rs 11.52 crore as compared to Rs 7.26 crore in Q3FY21. The revenue from operations of the company was at Rs 264.83 crore as compared to Rs 151.32 crore in Q3FY21, which registered a growth of 75.01 per cent. EBITDA was at Rs 34.28 crore as compared to Rs 25.22 crore in Q3FY21, increased by 35.92 per cent. Blended EBITDA per MT increased by 6.20 per cent at Rs 40128 as compared to Rs 37,786 in Q3FY21.

Akshay S Pitti, Vice-Chairman and Managing Director, said: "We are delighted to report a good set of numbers for the nine months ending on December 31, 2021. The Indian economy has continued to show its resilience amongst the 3rd wave of Covid.