Precision Camshafts Ltd's Q3FY25 Quarter Results
- 13 Feb 2025
Result Summary
- Precision Camshafts Ltd reported a 18.1% quarter-on-quarter (QoQ) decrease in its consolidated revenues for the quarter-ended Dec (Q3FY25). On a year-on-year (YoY) basis, it witnessed a decline of 27.8%.
- Its expenses for the quarter were down by 8.2% QoQ and 20.5% YoY.
- The net profit decreased 175.7% QoQ and decreased 126.0% YoY.
- The earnings per share (EPS) of Precision Camshafts Ltd declined at 0.7 during Q3FY25.
Financial Statments for Q3FY25
| (₹ crores) | Q3FY25 | Q2FY25 | Q3FY24 | QoQ (%) | YoY (%) |
|---|---|---|---|---|---|
Total Income | 195.50 | 238.82 | 270.93 | -18.1% | -27.8% |
Total Expenses | 201.25 | 219.15 | 253.19 | -8.2% | -20.5% |
Profit Before Tax | -4.52 | 19.67 | 36.04 | -123.0% | -112.5% |
Tax | 1.84 | 11.27 | 11.57 | -83.7% | -84.1% |
Profit After Tax | -6.36 | 8.40 | 24.46 | -175.7% | -126.0% |
Earnings Per Share | -0.70 | 0.90 | 2.60 | -177.8% | -126.9% |
Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results
Company Overview
Precision Camshafts Ltd is a prominent entity in the automotive components industry, primarily recognized for its manufacturing and supply of camshafts for the automotive sector. The company serves a diverse array of automobile manufacturers globally, leveraging advanced manufacturing technologies to deliver high-precision components. As of the latest information, Precision Camshafts Ltd has been focusing on expanding its product portfolio and diversifying its market presence. However, there is no specific information available regarding recent major developments affecting the company, such as mergers, acquisitions, or significant strategic shifts.
Revenue
During the third quarter of fiscal year 2025 (Q3FY25), Precision Camshafts Ltd reported a total income of ₹195.50 crores. This represents a decline of 18.1% compared to the previous quarter (Q2FY25), where the total income stood at ₹238.82 crores. On a year-over-year basis, the total income decreased by 27.8% from ₹270.93 crores in Q3FY24. These figures indicate a downward trend in revenue generation over both the quarter-over-quarter and year-over-year periods. This decline in revenue could be attributed to various factors, but no specific reasons are provided in the data.
Profitability
In terms of profitability, Precision Camshafts Ltd experienced a challenging quarter, with a reported loss before tax of ₹4.52 crores in Q3FY25. This is a significant downturn from the profit before tax of ₹19.67 crores in Q2FY25 and ₹36.04 crores in Q3FY24. Consequently, the company incurred a loss after tax of ₹6.36 crores in Q3FY25, compared to a profit after tax of ₹8.40 crores in Q2FY25 and ₹24.46 crores in Q3FY24. Earnings per share (EPS) also reflected this adverse performance, dropping to -₹0.70 in Q3FY25 from ₹0.90 in Q2FY25 and ₹2.60 in Q3FY24. These metrics highlight a significant decline in profitability both on a sequential basis and year-over-year.
Operating Metrics
The total expenses for Precision Camshafts Ltd in Q3FY25 were reported at ₹201.25 crores, showing a reduction of 8.2% from ₹219.15 crores in the previous quarter and a 20.5% decrease from ₹253.19 crores in the same quarter of the previous year. Despite the reduction in expenses, the company's profitability metrics indicate that the cost reductions were not sufficient to mitigate the impact of declining revenues. The tax expense was reported at ₹1.84 crores for Q3FY25, a significant decrease from ₹11.27 crores in Q2FY25 and ₹11.57 crores in Q3FY24. These changes in tax expenses, alongside the income and expense figures, provide insight into the financial dynamics affecting the company's operating performance during this period.
