Q3 2026 Precision Camshafts Ltd Earnings Call Transcript
Key Points
- Precision Camshafts Ltd (BOM:539636) reported a net profit of INR9.58 crores for Q3 FY26, a significant improvement from a deficit of INR42 crores in the previous quarter.
- The company has secured several new business orders from major clients like Maruti Suzuki, Hyundai India, Mahindra, and Tata Motors, extending their order book until 2032.
- PCL is investing approximately INR120 crores in capacity enhancement and advanced manufacturing capabilities, including a new state-of-the-art facility in Solapur.
- The company has commissioned the second tranche of its solar power plant, increasing its capacity to 29 megawatts, which is expected to reduce power costs and carbon footprint.
- PCL's management is actively pursuing new opportunities in Europe and North America, indicating potential future growth in these markets.
- Higher payroll costs due to revisions in the wage code have increased gratuity and leave encashment expenses.
- The company's subsidiary, MEMCO, reported a net loss of INR45 lakhs in the quarter, primarily due to a loss of sales.
- The e-mobility subsidiary, EMOSS, also reported a loss, with market conditions in Europe remaining challenging.
- PCL has slowed down its Tata Ace conversion business due to regulatory changes and ecosystem complications.
- The consolidated business revenue decreased by 9% quarter on quarter, with a lower EBITDA margin of 12.5%.
Ladies and gentlemen, good day, and welcome to Q3 FY 2025, '26 earnings conference call hosted by Precision Camshaft Ltd (Operator Instructions). Please note that this conference is being recorded.
I now hand the conference over to Mr. Karan Shah, Whole Time Director, Business Development. Thank you, and over to you, Mr. Shah.
Thank you. Good afternoon, ladies and gentlemen. I'd like to thank you all for being a part of this Precision Camshafts Ltd Q3 FY26 earnings conference call. In case of any detailed questions related to finance, please e-mail us your questions at [email protected], and we'll provide you answers in a reasonable time. We've submitted our investors presentation for Q3 FY26 to the stock exchanges on 5 of March, and the same is available on our website.
Investors are requested to refer to the same. I'm happy to share that Precision Camshafts Limited has reported a net profit of INR9.58 crores for this quarter in comparison to a deficit of INR42
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