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Earnings Call

Varroc Engineering Earnings Call: Key Takeaways

Varroc reported FY26 revenue of ₹88,905 million, up 9% YoY, with EBITDA at ₹8,634 million. Management focus is on deleveraging and EV order wins.

Highlights
Revenue growthFY26: 9.0%, Q4 FY26: 12.8%
MarginsFY26 EBITDA margin 9.4% (down 10bps); Q4 FY26 9.7%.
Order bookNew order intake FY26: ₹32,889 million; 65% EV related.
Demand visibilityStrong growth in 2W and EV segments; GST cut impact.

Growth

FY26 Revenue grew 9.0% YoY; Q4 FY26 Revenue grew 12.8% YoY. EV model revenue grew 39% YoY in FY26.

Outlook

Highest ever new order wins of ₹32,889M in FY26; recommended 150% dividend; focus on ADAS and EV charging.

Risks

One-time VRS spending of ₹799 million; increasing net working capital requirements; overseas R&D spending weighing on margins.

Source

Earnings Call filed with BSE, NSE: VARROC. Summary written with AI assistance from the document.

Read the document ↗

Varroc Engineering Ltd: key numbers

Share price
₹834.85
Market cap
₹12,755 Cr
Revenue (annual)
₹8,890 Cr
Net profit (annual)
₹225.0 Cr
P/E (TTM)
64.7×Sector 33.6×
Promoter holding
75.00%+0.00% QoQ
FII holding
4.29%Current quarter

Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.

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Value
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