Q2 2026 Precision Camshafts Ltd Earnings Call Transcript
Key Points
- Precision Camshafts Ltd (BOM:539636) has secured new business contracts with major clients like Maruti Suzuki, Hyundai India, Mahindra, and UzAuto, extending their order book up to 2032.
- The company reported a stable stand-alone revenue of INR149 crores with an EBITDA margin of 14%, despite global economic challenges.
- The Indian market remains resilient, providing growth opportunities for Precision Camshafts Ltd (BOM:539636) amidst a global slowdown.
- The company is investing INR120 crores in new projects, including state-of-the-art manufacturing facilities in Solapur, to support future growth.
- Subsidiary MEMCO reported revenue growth, with total income increasing from INR12.7 crores to INR14.3 crores due to new customer orders and increased demand from existing customers.
- Precision Camshafts Ltd (BOM:539636) reported a loss of INR42.65 crores for the quarter, primarily due to an exceptional item related to the impairment of investments in its subsidiary MFT GmbH.
- MFT GmbH, a step-down subsidiary in Germany, has initiated liquidation and insolvency proceedings due to economic slowdown in Europe, impacting the company's financials.
- The company's e-mobility subsidiary, EMOSS in the Netherlands, is not performing as expected, with stable but stagnant growth.
- The Tata Ace conversion business in India has slowed down due to regulatory changes and lower-than-expected demand visibility.
- The consolidated EBITDA margin was lower at 10.7%, and the consolidated PAT margin was 6.33%, reflecting the impact of the exceptional item and challenging market conditions.
Ladies and gentlemen, good day, and welcome to the Q2 FY '25 and '26 earnings call hosted by Precision Camshafts Limited. This conference call may contain forward-looking statements about the company, which are based on beliefs, opinions and expectations of the company as on date of this call. These statements are not guarantee of future performance and involve risks and uncertainties that are difficult to predict.
(Operator Instructions) I now hand the conference over to Mr. Karan Shah, Whole-Time Director, Business Development.
Thank you, and over to you, sir.
Thank you. Good afternoon, ladies and gentlemen. I'd like to thank you all for being a part of the Precision Camshafts' Q2 FY '26 earnings conference call. In case of any detailed questions related to finance, please e-mail us your questions at [email protected], and we shall provide you answers in a reasonable time.
We have submitted the investor presentation for Q2 to the stock exchange on the
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