The Centre will launch a production-linked incentive (PLI) scheme by the end of the current financial year to promote the manufacturing of transmission equipment, two power ministry officials told Moneycontrol. India imports most of its power transmission equipment, including transformers, circuit breakers and switchgears, and as demand outpaces supply across the world, prices have shot up.
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Reported Consolidated quarterly numbers for SBEC Systems (India) are: Net Sales at Rs 0.77 crore in September 2024 up 19.33% from Rs. 0.65 crore in September 2023. Quarterly Net Profit at Rs. 0.26 crore in September 2024 up 7.47% from Rs. 0.24 crore in September 2023. EBITDA stands at Rs. 0.59 crore in September 2024 up 68.57% from Rs. 0.35 crore in September 2023.
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Pitti Engineering Ltd demonstrated solid top-line and bottom-line growth, with revenue increasing by 41.9% YoY to INR 4,294 Mn, driven by strong volume growth, and PAT growing by 72.8% YoY to INR 380 Mn. The company's outlook is positive, with a maintained FY26E P/E of 25.0x and EPS of INR 62.1, supporting a "BUY" rating with a target price of INR 1,552.
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