Precision Camshafts Limited held an Earnings Call with Investors on August 28, 2026, at 12:00 PM to discuss the financial and operational performance for the quarter ended June 30, 2026 (Q1 FY26-27). The call was conducted pursuant to SEBI LODR Regulations Regulation 30 read with Clause 15 of Para A of Part A of Schedule Ill, and Regulation 46(2)(o).

The management participant was Mr. Karan Shah, Whole-Time Director, Business Development of Precision Camshafts Limited.

The company submitted an investor presentation for Q1 to the stock exchanges, which is also available on the company website at https://pclindia.in/. The transcript of the earnings call was filed with the exchanges and hosted on the company website for the prescribed period under SEBI regulations.

Financial Performance Highlights:

Standalone Business (PCL India):

  • Total Income: ₹173 crores, showing 6.6% quarter-on-quarter growth
  • Net Profit: ₹14.88 crores compared to ₹13.2 crores in previous quarter, representing 12.5% growth
  • EBITDA Margin: 13%
  • PAT Margin: 9%

Subsidiary Performance:

  • MEMCO (Subsidiary): Revenue of ₹14.1 crores during Q1, serving customers like Bosch, Delphi, Endress+Hauser
  • EMOSS (European e-mobility subsidiary): Revenue of ₹13.8 crores compared to ₹29 crores in previous quarter, showing significant slowdown

Consolidated Performance:

  • Total Income: ₹200.8 crores, decreased by 2.4% quarter-on-quarter
  • EBITDA Margin: approximately 10%
  • Profit After Tax Margin: approximately 4.2%

Business Updates and Outlook:

Indian Standalone Business:

  • Strong momentum in Indian passenger vehicle industry with new programs commencing production with Mahindra, Tata Motors, and Maruti Suzuki
  • Expect volumes to progressively ramp up as customers increase production
  • Several new programs in pipeline expected to commence production in coming quarters
  • New orders secured with strong customer engagement for upcoming vehicle platforms
  • Investing in capacity additions, automation, and technology upgrades to support customer requirements
  • Disclosed order book of approximately ₹1,500 crores spread over 4-5 years

EMOSS Europe Business:

  • Experiencing slowdown in electric commercial vehicle segment
  • Electrically chargeable trucks accounted for only 4.8% of new EU truck registrations in H1 2026
  • Challenges due to insufficient enabling conditions and subsidy pullbacks in Europe
  • Customer decision-making slower with reduced program visibility
  • Taking cautious approach with focus on cost management and careful investment evaluation

Indian E-mobility Business:

  • Developed electric heavy commercial vehicle (EHCV) platform
  • Delivered vehicle to customer currently undergoing evaluation and field trials

Strategic Direction:

  • Focus on strengthening and scaling core Indian business
  • Selective investment in high-conviction opportunities
  • Actively evaluating acquisition opportunities within India for new products, markets, and customers
  • Maintaining financial and operational discipline across the group
  • Not pursuing growth for the sake of growth, especially in European operations

Question & Answer Highlights:

  • Management confirmed focus extends beyond camshaft business to include new products through MEMCO and potential acquisitions
  • Order book size disclosed as approximately ₹1,500 crores cumulative over 4-5 years
  • European subsidiary EMOSS facing significant headwinds, with management evaluating sustainability but no immediate winding up decision
  • Investor feedback received on improving corporate presentation quality

Additional Notes Section

The document includes the complete transcript of the earnings call held on August 28, 2026. The company has indicated that the investor presentation containing detailed financial and operational information was submitted to stock exchanges and is available on the company website. No unpublished price sensitive information (UPSI) was indicated to be shared during the call.