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Q1 FY27 concall · earnings callPrecision Camshafts Limited

Strong standalone performance in India driven by new vehicle program ramp-ups contrasts with cautious outlook for the European electric commercial vehicle subsidiary.

Positive tone3-minute briefPublished 4 days after the call

Numbers
MetricThis quarterChangeFive-quarter trend
Total Income (Standalone)₹173 Cr6.6%
Net Profit (Standalone)₹14.88 Cr12.5%
EBITDA Margin (Standalone)13%—
PAT Margin (Standalone)9%—
Total Income (Consolidated)₹200.8 Cr-2.4%
Financials

From filed quarterly results. YoY and QoQ compare each metric on the same accounting basis.

QuarterRevenueNet profit (PAT)Basic EPS
Q3 FY25₹194.55 Cr-24.5% YoY-13.6% QoQ₹-6.36 CrTurned loss-making YoYTurned loss-making QoQ₹-0.67Turned negative YoYTurned negative QoQ
Q2 FY25₹225.07 Cr-11.5% YoY-11.8% QoQ₹8.40 Cr-0.4% YoY— QoQ₹0.890% YoY— QoQ
Q1 FY25₹255.32 Cr-2.8% YoY-0.3% QoQ—— YoY— QoQ—— YoY— QoQ
Q4 FY24₹256.19 Cr-8% YoY-0.6% QoQ₹3.35 Cr-69.8% YoY-86.3% QoQ₹0.35-70.1% YoY-86.4% QoQ
Q3 FY24₹257.71 Cr-7.3% YoY+1.3% QoQ₹24.46 Cr+37.4% YoY+190.2% QoQ₹2.58+38% YoY+189.9% QoQ
TL;DR
  • Standalone Indian business grew total income by 6.6% QoQ and net profit by 12.5%.
  • New customer programs with Mahindra, Tata Motors, and Maruti Suzuki have started production.
  • EMOSS Europe revenue slowed to INR13.8 crores from INR29 crores in the prior quarter.
  • Management disclosed an order book of ~INR1,500 crores spread over 4-5 years.
Said on the call

“Our standalone Indian business is entering a period of significant opportunity, supported by strong growth in the Indian passenger vehicle market, increasing investments by our customers, several new orders already secured, and a healthy pipeline of new programs.”

Karan Shah
From the Q&A
TopicWhat management said
Business Focus Beyond CamshaftsManagement stated they are looking at acquisitions within India to grow into new products and markets, not just camshafts.
Order Book SizeManagement disclosed a cumulative order book of approximately INR1,500 crores spread over four to five years.
Potential Winding Up of EMOSS SubsidiaryManagement said it is hard to answer due to market dynamics and headwinds; the focus is on trying to sustain EMOSS as a standalone business.
Guidance
  • Continuing to invest in capacity, automation, and technology for the standalone Indian business.
  • Remaining cautious on cost and capital allocation for the EMOSS subsidiary.
Source
Same sector

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