| 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
- ₹813.00
- Market cap
- ₹12,422 Cr
- Revenue (annual)
- ₹8,890 Cr
- Net profit (annual)
- ₹225.0 Cr
- P/E (TTM)
- 63.0×Sector 32.1×
- 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
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- Value
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