Moneycontrol
Feb 14, 2018 09:49 AM IST | Source: Moneycontrol.com

Precision Camshafts gains 4% on bagging multiple orders worth Rs 275 crore

The company has won additional contracts from OEM's including Ford, general Motors and Mahindra & Mahindra

 
 
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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
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