ALFA Finder| Management target | Revenue 25.0% FY27 |
|---|
| Revenue growth | 30% YoY growth driven by EV segments and overseas lighting performance. |
|---|---|
| Margins | EBITDA contracted to 8.5% due to low-margin tooling and war costs. |
| Order book | New wins of 600 Crores this quarter; total peak potential high. |
| Demand visibility | Strong domestic 2W/3W recovery and accelerating EV adoption trends. |
| Management confidence | Confident, shifting from turnaround focus to aggressive revenue scaling. |
Growth
Strong 30% organic growth; EV revenue surged 87% YoY reaching 16% of total revenue.
Outlook
Aims to double overall revenue to 20,000 Crores by FY31 with 10% PBT margins.
Risks
Tooling sales dilution and geopolitical cost pressures; significant dependence on Bajaj remains a concentration risk.
Last quarter's promises, checked
Delivered
- Guided ~10% CAGR revenue growth -> delivered 30% YoY (= BEAT)
- Guided debt reduction -> delivered Net Debt/Equity 0.27 vs 0.64 in FY24 (= BEAT)
- Guided EV revenue ~13% -> delivered 16% (= BEAT)
Partly delivered
- Guided PBT improvement -> delivered 4.3% vs 3.8% in FY25 (= PARTIAL)
Missed
- Guided 10.1% EBITDA (FY24 peak) -> delivered 8.5% (= MISS)
Earnings Call Transcript filed with BSE, NSE: VARROC. Summary written with AI assistance from the document.
Varroc Engineering Ltd: key numbers
- Share price
- ₹823.05
- Market cap
- ₹12,575 Cr
- Revenue (annual)
- ₹8,890 Cr
- Net profit (annual)
- ₹225.0 Cr
- P/E (TTM)
- 74.4×Sector 32.5×
- Promoter holding
- 75.00%+0.00% QoQ
- FII holding
- 4.49%Current quarter
Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.
More from Varroc Engineering Ltd
All →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.
Varroc Engineering Other Announcement
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 Results Update
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.
- Value
- ₹2,948 Cr
Varroc Engineering Investor Presentation: Key Takeaways
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 Q2 FY27 Results: Net Profit ₹33.5 Cr, Down 47.1% YoY
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.
- Key figure
- Net profit ₹33.5 Cr · -47.1% YoY
Varroc Engineering Acquisition Worth ₹47.7 Cr
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).
- Value
- ₹47.70 Cr
- Execution
- Completion expected on or before December 31, 2026, subject to conditions precedent