Precision Camshafts Limited outlined its ongoing programme execution and capital commitments across its camshaft and e-mobility operations. The company reported progress on several engine programmes awarded over the past year, supported by an investment of approximately INR 1.2 billion to establish new manufacturing plants in Solapur.
These programmes include supplies for Maruti Suzuki’s new three-cylinder engines, a Tier 1 supplier to Hyundai India’s Pune plant, Mahindra’s running engines and UzAuto’s existing platforms, contributing to a cumulative lifetime order book valued at nearly INR 15 billion through 2032.
“Several new projects have been awarded and all of these will go into production next year. In the next one to two years, all of these will add in terms of volume and in terms of numbers,” said Karan Shah, Whole-Time Director, Business Development. He added that the programmes are in execution and are expected to begin standard production across different points in calendar year 2026.
The company stated that the majority of upcoming business comprises machined and assembled camshafts, with casting camshafts continuing for high-volume orders from Suzuki. Shah said, “All of these programmes are already in execution mode, and they will start SOP in the next year in calendar year ’26.” He noted that the associated capital expenditure relates to programme tooling and machining capacity additions.
In the e-mobility segment, the company has slowed its small commercial vehicle retrofit business due to regulatory changes and weaker demand visibility. “We are not pursuing it as aggressively as we were before,” said Shah. The development of the electric heavy commercial vehicle remains underway, and the first vehicles are expected to be delivered to customers within the current financial year. EMOSS, the Netherlands-based subsidiary, reported revenue of INR 220 million and maintained stability despite challenging market conditions in Europe.
Subsidiaries recorded varied performance during the quarter. MEMCO posted income of INR 143 million, supported by demand from newly onboarded and existing customers. EMOSS reported growth from the previous quarter. MFT GmbH in Germany recorded revenue of INR 280 million until the initiation of insolvency proceedings. The company stated that the related impairment charge reflects the full write-off of its investment. “This is a complete write-off of our investments into MFT GmbH, and there will be no further write-offs,” said Shah.
The company reported standalone income of INR 1.495 billion with an EBITDA of INR 137 million. Consolidated income was INR 2.079 billion and consolidated EBITDA margin was 10.7 percent. The reported loss for the period resulted from the exceptional item linked to the impairment. Shah reiterated that the Indian camshaft operations remain the strategic focus and continue to support stable standalone performance.
Precision Camshafts Limited operates camshaft casting and machining facilities in India and supplies automotive and industrial customers through its subsidiaries.
