Precision Camshafts Limited — Investor Meet, 05-12-2025: Analysts/Institutional Investor Meet/Con. Call Updates

PCL reports a Q2 loss of INR 42.65 Cr, mainly due to a one-time INR 49.7 Cr impairment from its German subsidiary MFT, which is now in liquidation. No further write-offs are expected from MFT. The standalone Indian business shows stability with INR 149 Cr revenue and a 14% EBITDA margin.

PCL secured INR 1,500 Cr in new orders from Maruti Suzuki, Hyundai India, Mahindra, and UzAuto, extending its order book up to 2032. Production for these projects begins in calendar year '26, backed by a INR 120 Cr investment. The company's India e-mobility focus shifts to heavy commercial vehicles, with first deliveries expected this financial year, while small EV retrofitting is slowed due to market and regulatory changes. Management is confident in core camshaft business growth in India.