External broker reports(aggregated public sources), Axis Direct

Axis Direct

External broker reports(aggregated public sources)

Axis Direct is the flagship brand under Axis Securities Limited, a subsidiary of Axis Bank in India. 

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Equity Bottom-Up

<ul><li>Robust Volume Expansion Across Core Segments: PEL delivered a resilient performance with revenue and EBITDA rising 11% and 18% YoY, respectively, reflecting strong execution despite a challenging macro environment.</li><li>Backed by healthy demand across key end-user industries, the company was able to deliver around 6% volume growth and expressed confidence in reaching the targeted volume growth of 10% in FY26.</li><li>During the quarter, capacity utilisation stood at 90% for machined hours, 76% for sheet metal, and 77% for casting. </li></ul>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Robust Volume Expansion Across Core Segments: PEL delivered a resilient performance with revenue and EBITDA rising 11% and 18% YoY, respectively, reflecting strong execution despite a challenging macro environment.Backed by healthy demand across key end-user industries, the company was able to deliver around 6% volume growth and expressed confidence in reaching the targeted volume growth of 10% in FY26.During the quarter, capacity utilisation stood at 90% for machined hours, 76% for sheet metal, and 77% for casting. Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Pitti Engineering Ltd. - Decent Quarter, Ramp-Up Expected Q4FY26 Onwards

<ul><li>Volumes to be Driven by Improving Capacity Utilisation: PEL reported a 17% YoY revenue increase despite relatively modest volume growth.</li><li>For the quarter, capacity utilisation stood at 82% for machined hours, 70% for sheet metals, and 69% for casting, indicating substantial headroom for volume expansion.</li><li>The company expects steady improvement in utilisation levels, supported by strong demand from key end markets, enabling it to achieve its targeted 10% volume growth for FY26 and revenue of Rs 2,000 Cr.</li></ul>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Volumes to be Driven by Improving Capacity Utilisation: PEL reported a 17% YoY revenue increase despite relatively modest volume growth.For the quarter, capacity utilisation stood at 82% for machined hours, 70% for sheet metals, and 69% for casting, indicating substantial headroom for volume expansion.The company expects steady improvement in utilisation levels, supported by strong demand from key end markets, enabling it to achieve its targeted 10% volume growth for FY26 and revenue of Rs 2,000 Cr.Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Pitti Engineering Ltd - Performance on Expected Lines

<ul><li>Volume Growth Continues: PEL reported a 40% YoY increase in revenue, primarily fueled by contributions from recent acquisitions, leading to a ~50% rise in sales volumes (17,185 MT in Q4FY25 vs. 11,435 MT in Q4FY24).</li><li>The company is also focusing on increasing capacity utilisation, which is expected to drive volume growth going ahead.</li><li>Commencement of new capacity: During the quarter, the company commissioned a new production line at its Aurangabad facility, bringing its total sheet metal capacity to 72,000 MT.</li></ul>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Volume Growth Continues: PEL reported a 40% YoY increase in revenue, primarily fueled by contributions from recent acquisitions, leading to a ~50% rise in sales volumes (17,185 MT in Q4FY25 vs. 11,435 MT in Q4FY24).The company is also focusing on increasing capacity utilisation, which is expected to drive volume growth going ahead.Commencement of new capacity: During the quarter, the company commissioned a new production line at its Aurangabad facility, bringing its total sheet metal capacity to 72,000 MT.Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Pitti Engineering Ltd. - Performance on Expected Lines, Eyes on Synergies Moving Ahead!

Thematic (Sector/Industry)

<ul><li>Chemicals &amp; Agrochemicals: Recent exports trends and pricing data indicates that most specialty chemical companies may continue to experience pricing pressures while there may be some signs of recovery in certain pockets.</li><li>We expect most of the companies to post volume lead revenue growth, while the margin expansion is expected to be limited due to competitive pricing.</li><li>Furthermore, with the logistical challenges persisting during the quarter, the export volumes and freight costs remained impacted. </li></ul>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Chemicals &amp; Agrochemicals: Recent exports trends and pricing data indicates that most specialty chemical companies may continue to experience pricing pressures while there may be some signs of recovery in certain pockets.We expect most of the companies to post volume lead revenue growth, while the margin expansion is expected to be limited due to competitive pricing.Furthermore, with the logistical challenges persisting during the quarter, the export volumes and freight costs remained impacted. Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Q3FY25 Earnings Preview - Chemicals, Capital Goods and Midcaps

<ul><li>Focus on stabilising the operations: After completing the acquisitions of Bagadia Chaitra (BCIPL) and Dakshin Foundaries, PEL has now received NCLT approval for the merger of Pitti Castings.</li><li>The company is now expected to focus on stabilizing the expanded operations and drawing maximum synergies from the consolidated entity.</li><li>With complementary locations, capabilities, and offerings, the combined entity appears well-placed for growth.</li></ul>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Focus on stabilising the operations: After completing the acquisitions of Bagadia Chaitra (BCIPL) and Dakshin Foundaries, PEL has now received NCLT approval for the merger of Pitti Castings.The company is now expected to focus on stabilizing the expanded operations and drawing maximum synergies from the consolidated entity.With complementary locations, capabilities, and offerings, the combined entity appears well-placed for growth.Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Pitti Engineering Ltd - Focus Shifting to Organic Growth as Synergies Start Building

India

Pitti Engineering Limited manufactures and distributes industrial machinery products. The Company provides electrical steel laminations, motor cores, sub-assemblies, die-cast rotors, and press tools. Pitti Engineering serves customers globally.

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Pitti Engineering (PITTIENG IN)

Pitti Engineering Ltd. - Decent Quarter, Ramp-Up Expected Q4FY26 Onwards

PEL delivered a resilient performance with revenue and EBITDA rising 11% and 18% YoY, respectively, reflecting strong execution despite a...

Axis Direct

Pitti Engineering Ltd - Performance on Expected Lines

Volumes to be Driven by Improving Capacity Utilisation: PEL reported a 17% YoY revenue increase despite relatively modest volume growth.

Axis Direct

Pitti Engineering Ltd. - Performance on Expected Lines, Eyes on Synergies Moving Ahead!

PEL reported a 40% YoY increase in revenue, primarily fueled by contributions from recent acquisitions, leading to a ~50% rise in sales volumes...

Axis Direct

Q3FY25 Earnings Preview - Chemicals, Capital Goods and Midcaps

Recent exports trends and pricing data indicates that most specialty chemical companies may continue to experience pricing pressures while there...

Axis Direct

Pitti Engineering Ltd - Focus Shifting to Organic Growth as Synergies Start Building

Focus on stabilising the operations: After completing the acquisitions of Bagadia Chaitra (BCIPL) and Dakshin Foundaries, PEL has now received NCLT...

Axis Direct

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