Precision Camshafts Limited reported a net profit of ₹13.2 crore for the quarter ended March 31, 2026 (Q4 FY26), a growth of approximately 38% compared to ₹9.5 crore in the previous quarter. The company attributed this improvement to higher revenues and better operating performance, despite an increase in raw material costs. For the full year FY26, the company reported a profit of ₹5.78 crore, which included an exceptional charge of ₹48.8 crore related to the impairment of investment in its step-down subsidiary, MFT, currently undergoing insolvency proceedings in Germany.

The standalone business grew by 6.5% quarter-on-quarter to ₹162 crore, with EBITDA margins at 15% and PAT margins at 8%. Consolidated revenue increased by 9% quarter-on-quarter to ₹205 crore, with EBITDA at ₹30 crore (15% margin) and a PAT margin of 4.9%. The company secured new business awards from leading OEMs, including Maruti Suzuki, Hyundai, and Mahindra & Mahindra, representing a cumulative lifetime revenue of approximately ₹1,500 crore.

Financial Performance – Standalone Q4 FY26

Financial Performance – Consolidated Q4 FY26

Operational Metrics and Expansion

The company reported a total camshaft volume of 2.21 million units in Q4 FY26. Machine camshafts volume increased to 0.66 million units, while camshaft casting volumes decreased to 1.55 million units. The contribution of machine camshafts to total volume rose to 30% from 26% in the previous quarter. To support growth, Precision Camshafts plans to invest over ₹100 crore in foundry and machine shop capacity expansion over the next three years, expecting incremental revenues of more than 2x the capex incurred.

The new Solapur manufacturing facility is expected to commence production in Q1 FY27, with a total capacity of 10 lines or approximately 200,000 machined camshafts per month. Current capacity utilization stands at over 80% in the foundry and 90% in the machine shop. The company also commissioned the second phase of its solar power project, taking total capacity to 29 megawatts, expected to generate annual savings of approximately ₹24 crore.

E-Mobility and Subsidiary Updates

Subsidiary MEMCO reported a revenue of ₹14 crore during Q4 FY26. The e-mobility subsidiary, EMOSS in the Netherlands, reported revenue of ₹29.47 crore compared to ₹23.9 crore in the previous quarter. In India, the company successfully developed an electric Heavy Commercial Vehicle (e-HCV) platform and delivered the first vehicle to a customer. Certification and homologation are expected to be completed during the current financial year, with commercial deployment planned from April next year. The company has an MOU for an annualized revenue of ₹60 crore to ₹70 crore from one customer for this product.

Precision Camshafts Limited has fixed Thursday, July 23, 2026 as the record date to determine shareholder eligibility for the final dividend of Re. 1 per equity share for the financial year ended March 31, 2026. The dividend, representing 10% of the face value of ₹10 each, was recommended by the Board of Directors during its meeting on May 22, 2026. This payout is subject to the approval of shareholders at the ensuing Annual General Meeting and will be paid within 30 days from the date of declaration, subject to tax deduction at source.

Financial Performance

For the financial year ended March 31, 2026, the company reported a consolidated net profit of ₹5,124.53 lakh, compared to ₹5,410.51 lakh in the previous year. Revenue from operations for the year stood at ₹77,287.57 lakh, down from ₹86,536.22 lakh in FY25. On a standalone basis, the net profit for the year was ₹578.39 lakh, while revenue from operations was ₹57,754.77 lakh.

The following table summarises the key consolidated annual metrics:

Q4 Performance

For the quarter ended March 31, 2026, the consolidated net profit was ₹1,005.80 lakh, compared to ₹4,044.30 lakh in the same quarter of the previous year. Consolidated revenue for the quarter came in at ₹20,101.00 lakh versus ₹19,042.76 lakh year-on-year. On a standalone basis, the net profit for the quarter was ₹1,322.63 lakh on revenue of ₹15,748.03 lakh.

The table below highlights Q4 EBITDA and related metrics on a year-on-year basis:

Key Board Decisions

In addition to the financial results, the Board approved the appointment of M/s BS & Co. LLP, Chartered Accountants, as Internal Auditors of the company for F.Y. 2026-27. The 34th Annual General Meeting is scheduled for Thursday, July 30, 2026, via Video Conferencing.