Precision Camshafts Q3 Results: Auto component-maker posts ₹6.35 crore net loss, revenue tanks 25% YoY
Precision Camshafts posted a ₹6.35 crore net loss for the Oct-Dec quarter of the financial year 2024-25. The stock was lower ahead of the results announcement at Wednesday's market session.
Precision Camshafts Q3 Results: Precision Camshafts Limited announced its October to December quarter results on Wednesday, February 12. The company recorded a ₹6.35 crore net loss for the third quarter of the financial year 2024-25, compared to a ₹24.46 crore net profit in the same quarter of the previous financial year.
The auto component maker's revenue from operations dropped 25 per cent to ₹195 crore in the October to December quarter, compared year-on-year with ₹258 crore in the same period the previous financial year.
However, the total expenses for the third quarter dropped 21 per cent to ₹201.25 crore, compared to ₹253 crore in the same quarter the pervious financial year. The drop in expenses for the quarter is primarily due to the reduction in the cost of materials consumed by the firm.
Precision Camshafts Share Price
Precision Camshafts shares closed 0.46 per cent lower at ₹250.10 after Wednesday's stock market session, compared to ₹251.25 at the previous stock market close. The third quarter results were announced after market operating hours on February 12.
Precision Camshafts shares have given stock market investors over 500 per cent returns on their investment in the last five-year period and more than 18 per cent returns in the one-year period. However, on a year-to-date (YTD) basis, the stock has lost 29.62 per cent lower on the Indian stock market.
Shares hit their 52-week high at ₹382.15 on December 11, 2024, while the 52-week low was at ₹173.15 on June 5, 2024, as per the BSE data. According to Wednesday's market close, the firm's market capitalisation was at ₹2,375.60 crore.
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