The Outcome of the Board Meeting held on May 22, 2026 is attached herewith.
PRECAM · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Precision Camshafts Limited reported standalone revenue of Rs 577.55 crore for FY26, up 4.4% from Rs 553.33 crore in FY25. However, standalone profit after tax declined 14.3% to Rs 24.99 crore from Rs 29.16 crore. Consolidated PAT fell 23.7% to Rs 39.08 crore from Rs 51.25 crore. The board recommended a dividend of Rs 1 per share (10%) and appointed BS & Co. LLP as internal auditors for FY27. A major exceptional item of Rs 5,775.57 lakh was recognized due to full impairment of investment and loans in German step-down subsidiary MFT Motoren GmbH, which filed for insolvency in September 2025. The 34th AGM is scheduled for July 30, 2026.
Despite modest revenue growth, the company experienced significant PAT decline due to exceptional impairment charges from the German subsidiary's insolvency. The dividend recommendation provides some positive signal to shareholders, but the substantial write-offs may weigh on investor sentiment in the near term.