New order book (lifetime value)
₹1,500 Cr
N/A
Cumulative business potential from new orders over program lifetimes, extending order book to 2032.
PRECISIONCAMSHAFTS
Other
05 Mar 2026
Precision Camshafts Ltd — Q3 FY26
Precision Camshafts reported a strong standalone PAT of ₹9.58 crore for Q3 FY26, reversing a loss of ₹0.42 crore in the prior quarter and up from ₹5 crore a year ago.
✓ Verified against BSE filing
2-Min Summary
✦ AI-Generated from Full Transcript
Precision Camshafts reported a strong standalone PAT of ₹9.58 crore for Q3 FY26, reversing a loss of ₹0.42 crore in the prior quarter and up from ₹5 crore a year ago. Revenue grew 2.17% QoQ to ₹153 crore, with EBITDA margin at 14%. The performance was driven by robust domestic demand and new order wins from Maruti Suzuki, Hyundai, Mahindra, and Tata Motors, cumulatively representing ₹1,500 crore in lifetime revenue. Management guided for sustained growth, supported by a ₹120 crore capex for a new Solapur facility and a 29 MW solar plant. The EV subsidiary EMOS remains stable but loss-making. Key risk: execution ramp-up of new orders and EV regulatory uncertainties could delay revenue recognition.
Key Numbers
Maruti Suzuki order volume
1.24M units/year
N/A
New order for three-cylinder engine camshafts starting 2027 in finished condition.
Mahindra order volume
600K units/year
N/A
Resourcing for existing running engines, peak volume in FY27-28.
Capex for capacity expansion
₹120 Cr
N/A
Investment in Solapur facility and advanced manufacturing capabilities.
Management Guidance
New order book of ₹1,500 crore lifetime value
Cumulative business potential from new orders over program lifetimes, extending order book to 2032.
Management guidance growthCapex of ₹120 crore for capacity expansion
Investment in Solapur facility and advanced manufacturing capabilities, machinery installation to complete in calendar year 2026.
Management guidance capexMECO target of ₹100 crore turnover in 2 years
Subsidiary MECO aims to double turnover from ~₹55 crore to ₹100 crore in two years.
Management guidance growthKey Risks
EV regulatory and ecosystem challenges
Changes in regulations and lack of infrastructure (registration, insurance, financing) have slowed the Tata Ace conversion business, and HCV certification is pending.
high · analyst_questionExecution risk on new order ramp-up
New orders from multiple OEMs require timely capacity expansion and quality delivery; any delays could impact revenue recognition.
medium · data_observationGeopolitical and market conditions in Europe
EMOS subsidiary faces uncertain market conditions and EV pushback, which could affect stability and growth.
medium · management_commentaryNotable Quotes
We have received new order from Maruti Suzuki for three-cylinder engine camshafts with an approximate volume of 12 lakh 40,000 camshafts per year in finished condition starting in 2027.
These new orders represent a cumulative business potential of nearly 1,500 crores over the lifetime of these programs over and above the strong and stable business that PCL currently enjoys.
We are very actively looking at opportunities in the Indian market where there is growth in the automotive as well as non-automotive sector including agriculture, non-auto, industrial and defense.
Frequently Asked Questions
What was Precision Camshafts's revenue in Q3 FY26?
Precision Camshafts reported revenue of ₹179 Cr in Q3 FY26, representing a — change compared to the same quarter last year.
What guidance did Precision Camshafts management give for FY27?
New order book of ₹1,500 crore lifetime value: Cumulative business potential from new orders over program lifetimes, extending order book to 2032. Capex of ₹120 crore for capacity expansion: Investment in Solapur facility and advanced manufacturing capabilities, machinery installation to complete in calendar year 2026. MECO target of ₹100 crore turnover in 2 years: Subsidiary MECO aims to double turnover from ~₹55 crore to ₹100 crore in two years.
What are the key risks for Precision Camshafts in FY27?
Key risks include EV regulatory and ecosystem challenges — Changes in regulations and lack of infrastructure (registration, insurance, financing) have slowed the Tata Ace conversion business, and HCV certification is pending.; Execution risk on new order ramp-up — New orders from multiple OEMs require timely capacity expansion and quality delivery; any delays could impact revenue recognition.; Geopolitical and market conditions in Europe — EMOS subsidiary faces uncertain market conditions and EV pushback, which could affect stability and growth..
Did Precision Camshafts meet its previous quarter's guidance?
Scorecard data is being built as historical quarters are processed.
Where can I read the full Precision Camshafts Q3 FY26 concall transcript?
The full earnings conference call transcript or source release is available on the linked source material. This page provides an AI-generated summary verified against official BSE/NSE filings.