Pitti Engineering Ltd reports rise in Q2FY22 net profit to Rs. 12.95 crore

Pitti Engineering Limited has reported Standalone financial results for the period ended September 30, 2021.

Financial Results (Q2 FY2022) - QoQ Comparison

The company has reported total income of Rs. 242.5065 crores during the period ended September 30, 2021 as compared to Rs. 175.8351 crores during the period ended June 30, 2021.

The company has posted net profit / (loss) of Rs. 12.9542 crores for the period ended September 30, 2021 as against net profit / (loss) of Rs. 7.4034 crores for the period ended June 30, 2021.

The company has reported EPS of Rs. 4.04 for the period ended September 30, 2021 as compared to Rs. 2.31 for the period ended June 30, 2021.

Financials	Q2 FY2022	Q1 FY2022	% Change
Total Income	₹ 242.5065 crs	₹175.8351 crs	37.92%
Net Profit	₹12.9542 crs	₹7.4034 crs	74.98%
EPS	₹4.04	₹2.31	74.89%

Financial Results (Q2 FY2022) - YoY Comparison

The company has reported total income of Rs. 242.5065 crores during the period ended September 30, 2021 as compared to Rs.135.3722 crores during the period ended September 30, 2020.

The company has posted net profit / (loss) of Rs.12.9542 crores for the period ended September 30, 2021 as against net profit / (loss) of Rs.10.0919 crores for the period ended September 30, 2020.

The company has reported EPS of Rs.4.04 for the period ended September 30, 2021 as compared to Rs.3.15 for the period ended September 30, 2020.

Financials	Q2 FY2022	Q2 FY2021	% Change
Total Income	₹ 242.5065 crs	₹135.3722 crs	79.14%
Net Profit	₹12.9542 crs	₹10.0919 crs	28.36%
EPS	₹4.04	₹3.15	28.25%

Financial Results (Half Year Ended FY2022) - YoY Comparison

The company has reported total income of Rs.418.3416 crores during the 6 Months period ended September 30, 2021 as compared to Rs.197.4573 crores during the 6 Months period ended September 30, 2020.

The company has posted net profit / (loss) of Rs.20.3576 crores for the 6 Months period ended September 30, 2021 as against net profit / (loss) of Rs.0.3116 crores for the 6 Months period ended September 30, 2020.

The company has reported EPS of Rs.6.35 for the 6 Months period ended September 30, 2021 as compared to Rs.0.10 for the 6 Months period ended September 30, 2020.

Financials	Half Year Ended FY2022	Half Year Ended FY2021	% Change
Total Income	₹418.3416 crs	₹197.4573 crs	111.86%
Net Profit	₹20.3576 crs	₹0.3116 crs	6,433.25%
EPS	₹6.35	₹0.10	6,250.00%

Shares of Pitti Engineering Limited was last trading in BSE at Rs. 188.60 as compared to the previous close of Rs. 185.40. The total number of shares traded during the day was 74037 in over 1155 trades.

The stock hit an intraday high of Rs. 193.90 and intraday low of 184.95. The net turnover during the day was Rs. 13911152.00.

Source : Equity Bulls

Keywords

PittiEngineering Q2FY22 H1FY22 ResultUpdate