Precision Camshafts Limited has informed the Exchange about Transcript
PRECAM · price
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Precision Camshafts reported a strong Q1 FY'26 with standalone revenue up 11.2% QoQ at Rs. 164 crores and net profit of Rs. 25.6 crores, reversing a Rs. 34 crore loss in the previous quarter. Consolidated revenue grew 10.7% to Rs. 221 crores with EBITDA of Rs. 41 crores (up 16%) and PAT of Rs. 18.8 crores. Standalone EBITDA margin stood at 26% and PAT margin at 15.7%. The Indian business is growing strongly, with new orders received for diesel-to-electric vehicle conversions in cities like Pune, Nagpur, and Mumbai, valued at Rs. 5-10 crores. However, the European market remains a drag, with subsidiary EMOSS facing customer forecast cuts and group company MFT reporting critical liquidity issues due to a 30% drop in customer demand. Electric heavy commercial vehicle development is on track, with first vehicles expected by end of calendar 2025 and revenue contribution from FY'27.
Mixed signals for shareholders — strong domestic core business performance and new EV order wins are positive, but persistent European headwinds and MFT's liquidity stress remain key concerns. Investors should watch for further updates on MFT's situation and the pace of EV order execution.