The company has won additional contracts from OEM's including Ford, general Motors and Mahindra & Mahindra
Share price of Precision Camshafts gained 4 percent in the early trade on Wednesday on receiving multiple orders worth Rs 275 crore.
The company has won additional contracts from OEM's including Ford, general Motors and Mahindra & Mahindra.
The company's Q3FY18 net profit declined 51 percent at Rs 6.65 crore against Rs 13.71 crore in the same quarter last fiscal.
Revenue of the company was down 8 percent at Rs 93 crore, EBITDA down 11 percent at Rs 18.6 crore and margin was at 20 percent.
At 09:21 hrs Precision Camshafts was quoting at Rs 121, up Rs 3.95, or 3.37 percent on the BSE.
The share touched its 52-week high Rs 166.50 and 52-week low Rs 102.95 on 01 March, 2017 and 06 February, 2018, respectively.
Currently, it is trading 27.33 percent below its 52-week high and 17.53 percent above its 52-week low.Posted by Rakesh Patil