Precision Camshafts Ltd — Q4 FY26 earnings call
Summary generated by AI from the official transcript Precision Camshafts Ltd filed with BSE on 24 Jun 2026. Every statement cites a verbatim quote from that document — open any citation to read it. This is a record of what management said, not a recommendation. How we check these summaries
The short read
Precision Camshafts reported Q4 FY26 net profit of INR13.2 crores, up about 38% from the previous quarter, with standalone revenue up 6.5% quarter-on-quarter to INR162 crores and consolidated revenue up 9% to INR205 crores. Full-year FY26 profit was INR5.78 crores after an exceptional impairment charge of INR48.8 crores related to the German subsidiary MFT's insolvency proceedings. Management described new business awards from major OEMs worth a cumulative INR1,500 crores, a planned capex of over INR100 crores over three years, and progress on the Solapur facility and an electric heavy commercial vehicle platform.
Numbers mentioned
Net profit: INR13.2 crores (Q4 FY26)
p. 3
“The company reported a net profit of INR13.2 crores compared to INR9.5 crores in the previous quarter, reflecting a growth of approximately 38%.”
Karan Shah, page 3 of the filed PDF · View the filing
Full year profit: INR5.78 crores (FY26)
p. 3
“For the full year of FY '26, company reported a profit of INR5.78 crores.”
Karan Shah, page 3 of the filed PDF · View the filing
Exceptional impairment charge: INR48.8 crores (FY26)
p. 3
“This performance includes an exceptional charge of INR48.8 crores related to the impairment of investment in our step-down subsidiary, MFT, which is currently undergoing insolvency proceedings in Germany.”
Karan Shah, page 3 of the filed PDF · View the filing
Cumulative new business award value: approximately INR1,500 crores
p. 3
“These programs extend our business visibility well into the next decade and represent a cumulative lifetime revenue of approximately INR1,500 crores over and above our existing order book.”
Karan Shah, page 3 of the filed PDF · View the filing
Planned capex: over INR100 crores (next 3 years)
p. 3
“Over the next 3 years, PCL plans to invest over INR100 crores in foundry and machine shop capacity expansion, advanced manufacturing technologies as well as automation.”
Karan Shah, page 3 of the filed PDF · View the filing
Solar power capacity: 29 megawatts (FY26)
p. 4
“During FY '26, the second phase of our solar power project was successfully commissioned, taking the total capacity to 29 megawatts.”
Karan Shah, page 4 of the filed PDF · View the filing
Annual savings from solar project: approximately INR24 crores
p. 4
“This investment is expected to generate an annual saving of approximately INR24 crores while reducing dependence on conventional power sources and supporting sustainability objectives.”
Karan Shah, page 4 of the filed PDF · View the filing
MEMCO revenue: INR14 crores (Q4 FY26)
p. 4
“We recorded a revenue of INR14 crores during quarter 4 and continue to focus on building relationships with key customers.”
Karan Shah, page 4 of the filed PDF · View the filing
EMOSS revenue: INR29.47 crores (Q4 FY26)
p. 4
“Our e-mobility subsidiary, EMOSS in the Netherlands reported a revenue of INR29.47 crores during the quarter compared to INR23.9 crores in the previous quarter.”
Karan Shah, page 4 of the filed PDF · View the filing
Standalone revenue: INR162 crores (Q4 FY26)
p. 5
“The stand-alone business increased by 6.5% quarteron-quarter to INR162 crores.”
Karan Shah, page 5 of the filed PDF · View the filing
Standalone EBITDA margin: 15% (Q4 FY26)
p. 5
“EBITDA margin stood at 15%, PAT margin stood at 8%.”
Karan Shah, page 5 of the filed PDF · View the filing
Consolidated revenue: INR205 crores (Q4 FY26)
p. 5
“The consolidated business grew by 9% quarter-on-quarter to INR205 crores.”
Karan Shah, page 5 of the filed PDF · View the filing
Consolidated EBITDA: INR30 crores or 15% (Q4 FY26)
p. 5
“EBITDA margin stood at INR30 crores or 15% and PAT margin stood at 4.9%.”
Karan Shah, page 5 of the filed PDF · View the filing
Current capacity utilization: 80%-85%
p. 9
“Current capacity utilization across foundry and machine shop is over 80%, 85%.”
Karan Shah, page 9 of the filed PDF · View the filing
What management said it would do
A record of statements made on the call, in the words management used. Parakho does not forecast, endorse or assess them, and their presence here is not a view on whether they will happen.
Solapur facility production start — Q1 FY27
stated firmly by Karan Shah
p. 5
“And we will start the production by quarter 1 of FY27, which is next year and the next -- yes.”
Karan Shah, page 5 of the filed PDF · View the filing
New capex commissioning — April/May next financial year
stated firmly by Karan Shah
p. 9
“Early next year. So early next financial year. So, April, I would say, April, May.”
Karan Shah, page 9 of the filed PDF · View the filing
Incremental revenue from capex — 1.5x to 2x of capex on annualized basis · 2.5 to 3 years
stated as an aspiration by Karan Shah
p. 6
“we expect that the top line increase -- incremental top line increase would be nearly 1.5x to 2x of that capex on an annualized basis, which will peak out in, let's say, 2.5 to 3 years from now -- will be -- where we will ramp up and be at full utilization of the capex.”
Karan Shah, page 6 of the filed PDF · View the filing
EBITDA margin improvement from new capex
stated as an aspiration by Karan Shah
p. 6
“And also with the automation, we expect that EBITDA margin improves a little bit, but it would be very difficult to quantify that right now in terms of numbers.”
Karan Shah, page 6 of the filed PDF · View the filing
HCV certification and commercial deployment — current financial year and from April of next year
stated conditionally by Karan Shah
p. 4
“We expect to complete certification and homologation during this current financial year and upon successful validation plans scale up and commercial deployment from April of next year.”
Karan Shah, page 4 of the filed PDF · View the filing
HCV certification timeline — 6 to 8 months
stated as an aspiration by Karan Shah
p. 7
“There is -- it's undergoing testing and we hope that in the next 6 months to 8 months, we complete certification and then we are able to commercially sell it.”
Karan Shah, page 7 of the filed PDF · View the filing
Order book execution period — INR1,500 crores cumulative · 5 to 6 years
stated firmly by Karan Shah
p. 10
“Everything will be executed in the next -- you mean the INR1,500 crores, it's about 5-year kind of 5, 6-year kind of period.”
Karan Shah, page 10 of the filed PDF · View the filing
HCV order book from one customer — INR60 crores to INR70 crores annualized revenue
stated firmly by Karan Shah
p. 7
“Just I think if I have to quantify with one customer, we have an MOU already signed where we are looking at an order book of INR60 crores to INR70 crores annualized revenue of that much just from one customer and one product.”
Karan Shah, page 7 of the filed PDF · View the filing
Q&A highlights
Management's answers to analyst questions, in Parakho's words rather than a transcript. Each row names who answered and carries the verbatim quote it was drawn from.
The facility is civilly complete, machines will arrive from mid-year, production begins Q1 FY27, with total capacity of 10 lines producing about 200,000 machined camshafts per month in a phased manner.
Answered by Karan Shah
Asked by Shravani Salvi: When will the Solapur facility be completed and what capacity will it add?
p. 5
“The total capacity of this plant is 10 lines. So approximately 200,000 machined camshafts per month can be produced from this facility, but we are taking -- obviously, this will be in a phased manner.”
Karan Shah, page 5 of the filed PDF · View the filing
Management described the European situation as volatile with limited growth expected this year or next, though new customers and applications are being developed.
Answered by Karan Shah
Asked by Shravani Salvi: What is the outlook for the EMOSS Europe business given the slowdown?
p. 5
“I think the Europe situation is very volatile right now. There are two wars happening and there are several constraints, a lot of issues on subsidies and so on.”
Karan Shah, page 5 of the filed PDF · View the filing
Management confirmed a margin impact is likely due to rising raw material costs from the Iran war situation, with a time lag before customers compensate.
Answered by Karan Shah
Asked by Brijesh: Will rising aluminum and raw material prices impact margins before costs are passed to OEMs?
p. 6
“Yes, surely. I think every -- all raw materials, including the steels, including LPG, including cutting tools, oils, everything has increased over the last 2 to 3 months due to this Iran war situation.”
Karan Shah, page 6 of the filed PDF · View the filing
Management said the opportunity is significant, citing an MOU for INR60-70 crores annualized revenue from one customer, and described a market gap in the 10-30 ton MCV/HCV segment.
Answered by Karan Shah
Asked by Brijesh: What is the size of the EV/HCV retrofit opportunity for the company?
p. 7
“This middle space, which is the MCV, HCV space, which is, let's say, from 10 tons to 30 tons, there are no OEMs that are present in this application.”
Karan Shah, page 7 of the filed PDF · View the filing
Management said there is still room to grow within existing capacity, particularly in the foundry, and cited ongoing debottlenecking projects adding incremental capacity.
Answered by Karan Shah
Asked by Deepak Poddar: Given 80-85% capacity utilization, what will drive growth before new capex comes online?
p. 9
“No, I think there is still room to grow within the existing capacity, right? We can -- so on the foundry side, we are operating about 80%.”
Karan Shah, page 9 of the filed PDF · View the filing
Management explained retrofitting costs about 70-75% of a new electric truck and allows customization of battery capacity beyond standard OEM offerings.
Answered by Karan Shah
Asked by Brijesh: What is the cost benefit of retrofitting an electric truck versus buying new?
p. 11
“Whereas retrofit, because we are using the existing chassis, the existing body and so on, we are able to do that at, let's say, 70%, 75% of the cost.”
Karan Shah, page 11 of the filed PDF · View the filing
Risks flagged
Raw material cost increases from geopolitical conflict affecting margins
p. 6
“While some -- while customers do compensate us, they will not -- they don't fully compensate us, and there might be also a time gap between when we are incurring that expense and when it is compensated for.”
Karan Shah, page 6 of the filed PDF · View the filing
Volatile European market conditions affecting EMOSS growth
p. 5
“I think the Europe situation is very volatile right now. There are two wars happening and there are several constraints, a lot of issues on subsidies and so on.”
Karan Shah, page 5 of the filed PDF · View the filing
Compliance and regulatory challenges previously delayed EV retrofit initiatives
p. 8
“Again, we have tried this with the Tata Ace as you correctly mentioned and we did not pursue it further due to all the issues that we had.”
Karan Shah, page 8 of the filed PDF · View the filing
MFT subsidiary insolvency proceedings in Germany leading to impairment
p. 3
“This performance includes an exceptional charge of INR48.8 crores related to the impairment of investment in our step-down subsidiary, MFT, which is currently undergoing insolvency proceedings in Germany.”
Karan Shah, page 3 of the filed PDF · View the filing
Generated by claude-sonnet-5. Source: the transcript as filed with BSE. We link to the exchange's copy; we do not host transcripts. Parakho is a data and screening tool, not an investment adviser — nothing here is a recommendation to buy, sell or hold.