Pitti Engineering

May 14 (Reuters) - Pitti Engineering Ltd PITE.NS:

• PITTI ENGINEERING MARCH-QUARTER CONSOL PROFIT 266.1 MILLION RUPEES

• PITTI ENGINEERING LTD - RECOMMENDS FINAL DIVIDEND OF 2.50 RUPEES PER SHARE

• PITTI ENGINEERING MARCH-QUARTER CONSOL REVENUE FROM OPERATIONS 5.01 BILLION RUPEES

• PITTI ENGINEERING - APPROVES 2.90 BILLION RUPEES CAPEX FOR GREENFIELD CASTING FACILITY

Source text: ID:nBSE9F9Ghv

Further company coverage: PITE.NS

(([email protected];))

Aug 20 (Reuters) - Pitti Engineering Ltd PITE.NS:

• PITTI ENGINEERING CO RECEIVES FAVORABLE ORDER FROM COMMISSIONER OF INCOME TAX

Source text: ID:nNSE9j7dxZ

Further company coverage: PITE.NS

(([email protected];))

Aug 7 (Reuters) - Pitti Engineering Ltd PITE.NS:

• APPROVES 1.50 BILLION RUPEES CAPEX FOR CAPACITY ENHANCEMENT

Source text: ID:nNSEsvlrf

Further company coverage: PITE.NS

(([email protected];;))

April 22 - ** Engineering products manufacturer Pitti Engineering PITE.NS up 2.8% to 1,026 rupees after Q4 results

** Co's Q4 revenue from operations rises 39.6% y/y on high demand for components used in railway equipment and power generation

** Core profit rises 54.28% y/y

** Stock sees busiest day since December 11

** With session's gains, PITE shares up 25.7% in the last 12 months

(Reporting by Ananta Agarwal in Bengaluru)

(([email protected]))

** Shares of Pitti Engineering PITE.NS rise 3.3% to 1,345.45 rupees, hitting a record high

** Electrical components maker posted 47% jump in June-qtr consol profit while rev from ops rose 32%

** PITE up ~12% so far in Aug; stock had gained ~21% in July, its fourth straight month of gains

** Stock up ~91% YTD, had jumped ~118% in 2023 for fourth straight year of gains

(Reporting by Dimpal Gulwani in Bengaluru)

(([email protected]))

Aug 14 (Reuters) - Pitti Engineering Ltd PITE.NS:

• PITTI ENGINEERING JUNE-QUARTER CONSOL PROFIT 205.5 MILLION RUPEES

• PITTI ENGINEERING JUNE-QUARTER CONSOL REVENUE FROM OPERATIONS 3.83 BILLION RUPEES

Source text for Eikon: [ID:]

Further company coverage: PITE.NS

(([email protected];))

July 25 (Reuters) - Pitti Engineering Ltd PITE.NS:

• APPROVED SECONDARY ACQUISITION OF DAKSHIN FOUNDRY

• DEAL FOR 1.53 BILLION RUPEES

Source text for Eikon: ID:nBSE4KzyJl

Further company coverage: PITE.NS

(([email protected];;))

May 15 (Reuters) - Pitti Engineering Ltd PITE.NS:

• PITTI ENGINEERING LTD - APPROVED RAISING OF FUNDS

• PITTI ENGINEERING LTD - APPROVED RAISING OF FUNDS UP TO 3.6 BILLION RUPEES

Source text for Eikon: ID:nBSE74T14H

Further company coverage: PITE.NS

(([email protected];))

March 11 (Reuters) - Pitti Engineering Ltd PITE.NS:

• PITTI ENGINEERING LTD - TO ACQUIRE 100% SHAREHOLDING OF BAGADIA CHAITRA INDUSTRIES

Source text for Eikon: ID:nBSE4Wjs7K

Further company coverage: PITE.NS

(([email protected];))

Nov 9 (Reuters) - Pitti Engineering Ltd PITE.NS:

• SEPT-QUARTER CONSOL PROFIT 225.5 MILLION RUPEES VERSUS 101.7 MILLION RUPEES

• SEPT-QUARTER CONSOL REVENUE FROM OPERATIONS 2.9 BILLION RUPEES VERSUS 3.04 BILLION RUPEES

Source text for Eikon: ID:nBSE7T2PmS

Further company coverage: PITE.NS

(([email protected];))

Aug 14 (Reuters) - Pitti Engineering Ltd PITE.NS:

• INDIA'S PITTI ENGINEERING JUNE-QUARTER CONSOL PROFIT 139.7 MILLION RUPEES VERSUS PROFIT 117 MILLION RUPEES

• PITTI ENGINEERING JUNE-QUARTER CONSOL REVENUE FROM OPERATIONS 2.9 BILLION RUPEES VERSUS 3.11 BILLION RUPEES

Source text for Eikon: ID:nBSE8YxDpN

Further company coverage: PITE.NS

(([email protected];))

** Shares of Pitti Engineering PITE.NS up as much as 6.5% to 389 rupees, hitting a record high

** Stock sees biggest intraday pct gain since June 5

** The engineering products manufacturer on Thursday said it started consolidating units Pitti Rail and Engineering Components Ltd and Pitti Castings Pvt Ltd to broaden its footprint across supply chain

** About 149,482 shares change hands by 9:44 a.m. IST, 1.0x the 30-day avg - Refinitiv data

** Stock up 13% this year, up to last close

(Reporting by Navamya Ganesh Acharya in Bengaluru)

(([email protected]; +91 8805175330 ;))

June 15 (Reuters) - Pitti Engineering Ltd PITE.NS:

• INITIATES SCHEME OF AMALGAMATION FOR VERTICAL INTEGRATION TO CONTROL AND BROADEN ITS FOOTPRINT ACROSS SUPPLY CHAIN

• WILL ISSUE AND ALLOT 1 SHARE TO SHAREHOLDERS OF PITTI CASTINGS FOR EVERY 55 SHARES HELD BY THEM IN PCPL

Source text for Eikon: ID:nBSE2BvSRl

Further company coverage: PITE.NS

(([email protected];;))

June 8 (Reuters) - Pitti Engineering Ltd PITE.NS:

• PITTI ENGINEERING LTD - MADE FURTHER INVESTMENTS WORTH 500,000 RUPEES IN UNIT PITTI RAIL AND ENGINEERING

Source text for Eikon: ID:nBSE4SjCrw

Further company coverage: PITE.NS

(([email protected];))

May 29 (Reuters) - Pitti Engineering Ltd PITE.NS:

• INDIA'S PITTI ENGINEERING LTD MARCH-QUARTER CONSOL PROFIT 248.4 MILLION RUPEES VERSUS PROFIT 197.8 MILLION RUPEES

• PITTI ENGINEERING LTD MARCH-QUARTER CONSOL REVENUE FROM OPERATIONS 2.48 BILLION RUPEES VERSUS 2.71 BILLION RUPEES

• PITTI ENGINEERING LTD - FINAL DIVIDEND 1.20 RUPEES PER SHARE

Source text for Eikon: [ID:]

Further company coverage: PITE.NS

(([email protected];))

Updates share price, adds quotes from company

By Pablo Mayo Cerqueiro

LONDON, May 3 (Reuters) - Shares in Italian gambling firm Lottomatica LTMC.MI fell on their first day of trading on the Milan stock exchange on Wednesday, following Europe's largest initial public offering (IPO) this year.

Shares opened at 8.50 euros ($9.38), down from the IPO price of 9 euros, and were changing hands at around 8.20 in afternoon trading, emulating other recent European listings.

The group and its controlling shareholder Apollo Global Management APO.N expect to raise up to 690 million euros in IPO proceeds, which will partly be used to pay down debt.

"We are very happy with this result," Lottomatica CEO Guglielmo Angelozzi said in a statement.

"Today opens a new phase for the growth of our group, which will be able to count on an even stronger balance sheet and additional investors to accompany its future development programmes."

Lottomatica is one of a handful of European companies that have pressed ahead with listing plans after a string of bank failures poured cold water on a much-anticipated recovery in the IPO market.

Bankers are hopeful that more companies will follow suit in the second half of the year, encouraged by the likes of Lottomatica and Italian Design Brands (IDB), which plans to start offering shares to investors next week.

Lottomatica on Friday priced its IPO at the bottom of its targeted price range.

European stock market listings have slowed significantly due to soaring interest rates and economic and geopolitical uncertainty.

In Italy, IPO proceeds dropped to 1.4 billion euros in 2022 from 2.2 billion euros the year before, but were still double the amount raised in 2020 when the COVID-19 pandemic hit, according to Dealogic data.

So far this year, Italian IPOs have raised more than 1 billion euros, thanks to Lottomatica and EuroGroup EGLA.MI Laminations, an electric motor components maker which listed in the first quarter.

Lottomatica is Italy's biggest IPO in terms of proceeds since microelectronics company Technoprobe's TPRO.MI listing in February 2022.

($1 = 0.9064 euros)

(Reporting by Pablo Mayo Cerqueiro in London
Editing by Bernadette Baum and Mark Potter)

(([email protected];))