Varroc Engineering Q1 FY27 Revenue Up 30% to ₹26.34 Bn
Varroc Engineering Ltd. reported strong financial results for Q1 FY27, with consolidated revenue from operations reaching ₹26,342 million, a significant 29.9% year-over-year growth. This marks the highest ever quarterly revenue post-divestment. Profit Before Tax (PBT) before exceptional items and JV stood at ₹1,132 million, an increase of 38% YoY. The company experienced robust growth across all automotive segments in India and a notable 45.6% YoY growth in its overseas business. Revenue from EV vehicles constituted 15.8% of total revenue, growing by 87% YoY. The company also announced the appointment of Mr. Eric Hamon as Chief Technology Officer for Business 1. Net new business wins for the quarter were ₹5,991 million.
Key Highlights
- Consolidated revenue grew 29.9% YoY to ₹26.34 billion in Q1 FY27.
- PBT before exceptional items and JV increased 38% YoY to ₹1.13 billion.
- Overseas revenue saw a strong 45.6% YoY growth.
- EV revenue grew 87% YoY, representing 15.8% of total revenue.
- Net new business wins amounted to ₹5,991 million.
Price Impact
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