The financial results of the Company for the quarter and year ended March 31, 2026 are attached herewith.
PRECAM · price
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Precision Camshafts reported standalone revenue of Rs 5,775.47 lakhs for FY 2026, up 4.4% from Rs 5,533.27 lakhs in FY 2025. However, standalone PAT declined 27% to Rs 2,655.71 lakhs (vs Rs 3,651.45 lakhs) due to large exceptional items. The company recognised Rs 5,775.57 lakhs in impairments related to its step-down subsidiary MFT Motoren und Fahrzeugtechnik GmbH, Germany, which filed for insolvency in September 2025 and is under liquidation. Consolidated PAT for FY 2026 was Rs 4,044.30 lakhs, down 21% from Rs 5,124.53 lakhs. The Board recommended a final dividend of Rs 1 per share (10%). Statutory auditors MSKA & Associates issued unmodified (clean) opinions for both standalone and consolidated results.
The stock may see near-term pressure due to PAT decline despite revenue growth, mainly from subsidiary impairment charges. However, positive operating cash flow of Rs 9,666.45 lakhs and improved net debt position provide some comfort to investors.