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Earnings Call

Varroc Engineering Earnings Call: Key Takeaways

Varroc reported Q4FY26 consolidated revenue of ₹23.7bn, up 12.8% YoY. Strategy focuses on EV penetration, electronics growth, and overseas turnaround to achieve double-digit EBITDA and PBT margins.

Why this was an Alfa AlertNot a filter event. Reported numbers were broadly in line with expectations and guidance was not raised by more than 50%.
Highlights
Revenue growthQ4 revenue grew 12.8% YoY; FY26 revenue reached ₹88.9bn.
MarginsEBITDA 9.7% in Q4; targeting 10% PBT in coming years.
Order bookRecord peak annualized wins of ₹32.9bn; ₹33bn FY26 order intake.
Demand visibilityStrong demand in two-wheelers and passenger vehicles; EV demand accelerating.
Management confidenceStrong confidence in EV penetration and order book realization.

Growth

FY26 revenue grew 9% to ₹88.9bn; Q4 EBITDA margin rose to 9.7%. Overseas operations grew 24% in Q4.

Outlook

Guided mid-to-high teen growth for FY27. Annualized peak new order wins reached ₹32.9bn. FY27 capex planned at ₹450-500cr.

Risks

Commodity inflation, labor shortages at supplier levels due to global crises, and temporary net working capital challenges.

Source

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

Read the document ↗

Varroc Engineering Limited: 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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