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Earnings Call Transcript

Precision Camshafts Earnings Call Transcript: Key Takeaways

Precision Camshafts delivered Q1 FY27 revenue growth of 6.6% QoQ to INR 173 Cr (standalone), focusing on scaling core Indian operations while remaining cautious on its European e-mobility subsidiary, EMOSS.

Highlights
Revenue growth6.6% QoQ (Standalone); -2.4% QoQ (Consolidated).
MarginsStandalone EBITDA 13%, PAT 9%; Consolidated EBITDA 10%, PAT 4.2%.
Order bookINR 1,500 Cr spread over 4 to 5 years.
Demand visibilityStrong momentum in Indian PV market; pipeline of new programs.
Management confidenceHigh for Indian standalone business; cautious on European EMOSS.

Growth

Standalone revenue rose 6.6% QoQ to INR 173 Cr; PAT grew 12.5% to INR 14.88 Cr. Consolidated revenue was INR 200.8 Cr.

Outlook

Cumulative order book of ~INR 1,500 Cr over 4-5 years. Investing in capacity, automation, and considering Indian acquisitions.

Risks

Slowdown in European EV truck market impacting EMOSS; headwinds from Middle East war disruptions and subsidy pullbacks in EU.

Last quarter's promises, checked

Delivered

  • Guided INR 14 Cr MEMCO Revenue → delivered INR 14 Cr (= BEAT)
  • Guided 1500 Cr lifetime order book → delivered 1500 Cr (= BEAT)
  • Guided Indian e-HCV platform development → delivered platform in field trials (= BEAT)

Partly delivered

  • Guided Standalone Revenue Growth → delivered 6.6% QoQ (= PARTIAL)

Missed

  • Guided EMOSS Revenue INR 29.47 Cr → delivered INR 13.8 Cr (= MISS)
  • Guided Consolidated PAT Margin 4.9% → delivered 4.2% (= MISS)
  • Guided Consolidated EBITDA Margin 15% → delivered 10% (= MISS)
Source

Earnings Call Transcript filed with BSE, NSE: PRECAM. Summary written with AI assistance from the document.

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Precision Camshafts Ltd: key numbers

Share price
₹120.66
Market cap
₹1,146 Cr
Revenue (annual)
₹772.9 Cr
Net profit (annual)
₹51.25 Cr
P/E (TTM)
28.0×Sector 33.6×
Promoter holding
65.37%+0.00% QoQ
FII holding
0.26%Current quarter

Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.

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