| Revenue growth | Revenue +33.6% YoY, +11.9% QoQ; about 5-6% from commodity pass-through. |
|---|---|
| Margins | EBITDA 8.9% vs 9.1% YoY and 8.5% QoQ; under-recoveries weigh on margins. |
| Order book | Order book about ₹3,700 Cr end-H1, from ₹3,509 Cr; EV 48% of wins. |
| Demand visibility | Industry volumes +16-34% YoY; festive uplift; Q4 moderation expected but uncertain. |
| Management confidence | Over-optimistic; repeatedly defers margin recovery; hedges timelines on war-related costs. |
Growth
Revenue +33.6% YoY, +11.9% QoQ; India +29.5%, overseas +104.1%. About 5-6% of growth came from commodity pass-through.
Outlook
India EBITDA margin back to last-year levels by FY27-end if macro holds. Capex about ₹550 Cr; Romania EBITA break-even by year-end.
Risks
About ₹114 Cr of customer under-recoveries remain uncollected, straining cash. Overseas losses persist; OP Mobility and TYC arbitrations are unresolved.
Earnings Call Transcript filed with NSE, NSE: VARROC. Summary written with AI assistance from the document.
Varroc Engineering Ltd: key numbers
- Share price
- ₹788.80
- Market cap
- ₹12,052 Cr
- Revenue (annual)
- ₹8,890 Cr
- Net profit (annual)
- ₹225.0 Cr
- P/E (TTM)
- 71.3×Sector 31.7×
- 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 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
Varroc Engineering Board Meeting Date
Varroc Engineering scheduled its Board Meeting for 4 November 2026 to approve Q2/H1 FY27 results. Trading window remains closed through 6 November 2026.