Q3 results: Revenue declines, German subsidiary MFT enters insolvency
PRECAM · price
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Precision Camshafts Q3 FY26 consolidated revenue at Rs 178.68 cr, down 8% YoY. 9M revenue fell 15% to Rs 571.87 cr. German step-down subsidiary MFT filed for insolvency in Sept 2025, triggering Rs 30 cr investment impairment, Rs 27.45 cr loan write-off, and Rs 7.54 cr FCTR reversal. Standalone 9M swung to Rs 7.44 cr loss from Rs 41.72 cr profit. Consolidated 9M PAT rose 201% to Rs 41.19 cr on Rs 9.35 cr de-consolidation gain. Auditor issued clean review.
German subsidiary insolvency and large write-offs drag standalone into loss. Consolidated gets one-time de-consolidation gain. Revenue continues declining.