| 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
- ₹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.
More from Varroc Engineering Ltd
All →Varroc Engineering Other Announcement
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 Debt & Borrowing: ₹50 Cr
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.
- Value
- ₹50.00 Cr
- Execution
- 90 Days
Varroc Engineering Other Announcement
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 Investor Presentation: Key Takeaways
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 Q1 FY27 Results: Net Profit ₹77.7 Cr, Down 27.7% YoY
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.
- Key figure
- Net profit ₹77.7 Cr · -27.7% YoY
Varroc Engineering Earnings Call: Key Takeaways
Varroc Engineering reported FY26 revenue of ₹88,905M with ₹8,364M EBITDA. Management is focused on deleveraging and expanding EV component content.