Varroc Engineering Q2 FY27 Revenue Up 33.6% YoY to ₹29,479 Million
Varroc Engineering Ltd. reported a strong Q2 FY27 with consolidated revenue growing 33.6% year-on-year to ₹29,479 million, marking its highest quarterly revenue post-divestment. Profit Before Tax (PBT) before exceptional items increased by 54% to ₹1,401 million. The company's electric mobility business showed significant traction, with revenue from EV models reaching 19% of consolidated revenue, a 130% year-on-year increase. Varroc is undertaking strategic actions, including restructuring its Italian manufacturing operations and acquiring a stake in Forsee Power India, to enhance long-term value and capabilities in future mobility. The balance sheet remains robust with a net debt-to-equity ratio of 0.29.
Key Highlights
- Consolidated revenue surged 33.6% YoY to ₹29,479 million in Q2 FY27.
- PBT before exceptional items grew 54% YoY to ₹1,401 million.
- EV-related revenue increased 130% YoY, reaching 19% of total revenue.
- Strategic restructuring of Italy operations and investment in Forsee Power India announced.
- Net debt-to-equity ratio stands at a comfortable 0.29.
Price Impact
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