Q3 FY26 results: German subsidiary insolvency triggers exceptional losses
PRECAM · price
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Precision Camshafts posted Q3 FY26 standalone revenue of Rs 142.9 cr (flat YoY) and consolidated revenue of Rs 178.7 cr. Standalone 9M FY26 PAT swung to a loss of Rs 7.4 cr from a Rs 41.7 cr profit last year, hit by Rs 51.5 cr of exceptional items from impairments tied to the insolvency of its German step-down subsidiary MFT, admitted for liquidation on September 8, 2025. Consolidated 9M PAT rose to Rs 41.2 cr from Rs 13.7 cr, aided by a Rs 9.4 cr gain on de-consolidating MFT. Auditor issued an unmodified limited review opinion.
One-time subsidiary insolvency losses hit standalone earnings; core operations remain stable. Consolidated profit improved on de-consolidation gain.