Varroc Engineering Earnings Call Transcript: Key Takeaways
Q2 revenue ₹2,948 Cr (+33.6% YoY), but EBITDA margin slipped to 8.9% (9.1% last year) on war-driven under-recoveries. ₹63 Cr exceptionals cut reported PBT to ₹78 Cr.
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Q2 revenue ₹2,948 Cr (+33.6% YoY), but EBITDA margin slipped to 8.9% (9.1% last year) on war-driven under-recoveries. ₹63 Cr exceptionals cut reported PBT to ₹78 Cr.
Varroc Engineering Limited disclosed consolidated related party transactions for the half-year ended September 30, 2026. The filing details numerous transactions including sales, loans, and corporate guarantees with subsidiaries and joint ventures.
Varroc Engineering reported Q2 FY27 consolidated revenue of ₹2,947.9 crore, up 33.6% YoY. The company announced restructuring of Italian operations and an acquisition in Forsee Power India.
Q2 FY27 revenue Rs 29,479 Mn, up 33.6% YoY; EBITDA margin 8.9% (9.1% LY); PAT Rs 335 Mn after exceptionals. Italy 2W restructuring and Forsee Power battery stake.
Varroc Engineering Ltd reported revenue from operations of ₹2,948 Cr (+33.6% YoY) and net profit of ₹33.5 Cr (-47.1% YoY) for Q2 FY27.
Varroc Engineering executed definitive agreements to acquire a 45% stake in Forsee Power India. Aggregate consideration is capped at €4.5 million (about ₹47.7 Crore).
Varroc Engineering scheduled its Board Meeting for 4 November 2026 to approve Q2/H1 FY27 results. Trading window remains closed through 6 November 2026.
Varroc Engineering Limited is entering a joint venture with Forsee Power SA, France, to scale EV battery solutions in India, acquiring a 45% stake in the entity.
Varroc Engineering will acquire a 45% stake in Forsee Power India Private Limited for up to € 4.5 million (approx. ₹47.7 Crore) to boost EV capabilities.
Varroc Engineering received an RBI compounding order for a FEMA violation regarding delayed repatriation of foreign dues. The company paid a penalty of ₹3.91 Lakh.
Varroc Engineering has submitted the required details regarding its Compliance Officer and Registrar & Share Transfer Agent in compliance with SEBI Listing Regulations.
Varroc Engineering will discontinue manufacturing and laboratory operations at its Italian subsidiary, Varroc Italy S.p.A. This strategic restructuring is expected to be effective from January 2027.
Varroc Engineering Limited announced name changes for two promoter group trusts. The administrative change does not impact the company's shareholding, beneficial ownership, or promoter control.
Varroc Engineering issued 1,000 unsecured Commercial Papers of Rs.50 Crore to Kotak Mahindra Bank. The 90-day CPs carry 6.90% discount rate with upfront interest payment.
Varroc Engineering received an independent ESG rating of 'Crisil ESG 62' (Strong) from CRISIL ESG. This is a routine regulatory disclosure with no monetary transaction.
Varroc Engineering's subsidiary is initiating fresh legal proceedings against OP Mobility, claiming approximately EUR 67 million (₹743.7 Crore) related to a supply agreement.
Varroc Engineering Limited has fully redeemed Commercial Papers worth Rs. 50 Crore. The payment obligation to Kotak Mahindra Bank was completed on August 21, 2026.
Varroc Engineering Limited concluded its 38th Annual General Meeting on August 20, 2026. Shareholders approved resolutions including dividend declaration and issuance of Non-Convertible Debentures.
Varroc Engineering announced VIT Pune as winners of its Eureka Challenge 3.0. The competition focused on AI-powered CAD innovation for early-stage design validation in automotive development.
Varroc Engineering issued a corrigendum correcting a typographical error in its Annual Report covering letter regarding the e-voting cut-off date for the 38th AGM.
Varroc reported robust 30% YoY revenue growth driven by EV penetration and overseas lighting. However, margins were suppressed by one-time tooling sales and war-related cost escalations.
Varroc Engineering Limited has submitted its Nil deviation report regarding the utilization of issue proceeds for the quarter ended June 30, 2026.
Varroc Engineering reported Q1 FY27 consolidated financial results, showing significant revenue and profit growth. Performance was supported by strong demand across automotive segments.
Varroc reported strong Q1 FY27 revenue growth of 29.9% YoY to ₹26,342 million, driven by domestic and overseas performance. EBITDA margin contracted to 8.5% due to inflationary impacts.
Varroc Engineering Ltd reported revenue from operations of ₹2,634 Cr (+29.9% YoY) and net profit of ₹77.7 Cr (-27.7% YoY) for Q1 FY27.
Varroc Engineering Limited appointed Mr. Eric Hamon as Chief Technical Officer. He is designated as Senior Management Personnel effective August 3, 2026.
Varroc Engineering Ltd scheduled a board meeting for August 6, 2026. The board will consider and approve un-audited financial results for Q1 FY 2026-27.
Varroc Engineering Limited has informed the exchanges about dispatching the web-link and access path for its Annual Report, pursuant to Regulation 36(1)(b) of the Listing Regulations.
Varroc Engineering Limited submitted its Business Responsibility and Sustainability Report (BRSR) for the financial year 2025-26, in compliance with SEBI listing regulations.
Varroc Engineering Ltd has filed its Annual Report for the fiscal year 2025-26. It contains corporate overviews, statutory reports, and detailed financial statements.