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Varroc Engineering Limited Q4 FY25 earnings call summary

NSE: VARROC · BSE: 541578

Earnings call of 29 May 2025, summarised by AI from the filing.

₹21 billion, 11% growth year-on-year on like-to-like basis, India operations grew 13%.

Key takeaways

  1. Q4 revenue ₹21 billion, 11% growth year-on-year on like-to-like basis, India operations grew 13%.
  2. EV growth driver EV models constituted more than 55% of new business wins; content per EV scooter 5-6x ICE.
  3. Overseas weakness Overseas sales decreased 25% to 30%; recovery expected from Q2 FY27 on business wins.

Original filing on BSE

Varroc Engineering Limited Q1 FY27 results

As filed: Revenue ₹2,634 cr (+30% year on year), EBITDA ₹222 cr (+14% year on year), PAT ₹77.7 cr (−27% year on year), EBITDA margin 8.4% (−114 bps).

The Q1 FY27 score, against the company's own trend, is for premium members.

Earlier results and the share price after them

  • Q4 FY26: Revenue ₹2,368 cr (+13% year on year), EBITDA ₹222 cr (+1% year on year), PAT ₹70.5 cr (+206% year on year), EBITDA margin 9.4% (−109 bps). Score 49 of 100, In line with trend. Revenue growth was above the company's own trend; EBITDA growth was below it; profit growth was well above it. EBITDA margin fell 109 bps year on year. Tax rate 36%. Consolidated profit +206% but standalone -4%. Share price after the results: +10.3% in 29 days (Nifty 500: +2.5%).
  • Q3 FY26: Revenue ₹2,288 cr (+10% year on year), EBITDA ₹210 cr (+13% year on year), PAT −₹11.3 cr (+53% year on year), EBITDA margin 9.2% (+21 bps). Score 61 of 100, In line with trend. Revenue, EBITDA and profit before exceptional items growth were in line with the company's own trend. EBITDA margin rose 21 bps year on year. Profit before exceptional items rose ₹34.7 cr on a year ago, more than the ₹20.0 cr it added the year before. Share price after the results: −16.2% in 29 days (Nifty 500: −4.5%).
  • Q2 FY26: Revenue ₹2,207 cr (+6% year on year), EBITDA ₹203 cr (−2% year on year), PAT ₹63.0 cr (+9% year on year), EBITDA margin 9.2% (−80 bps). Score 33 of 100, Below trend. Revenue and profit growth were below the company's own trend; EBITDA growth was well below it. EBITDA margin fell 80 bps year on year. Profit fell 41% from last quarter. Share price after the results: +0.8% in 30 days (Nifty 500: +0.2%).
  • Q1 FY26: Revenue ₹2,028 cr (+7% year on year), EBITDA ₹194 cr (+12% year on year), PAT ₹107 cr (+55% year on year), EBITDA margin 9.6% (+46 bps). Score 43 of 100, In line with trend. Revenue and profit before exceptional items growth were below the company's own trend; EBITDA growth was in line with it. EBITDA margin rose 46 bps year on year. Revenue fell 3% from last quarter. Share price after the results: +14.0% in 29 days (Nifty 500: +0.7%).
  • Q4 FY25: Revenue ₹2,099 cr (+6% year on year), EBITDA ₹220 cr (−1% year on year), PAT ₹23.0 cr (+3% year on year), EBITDA margin 10.5% (−76 bps). Score 19 of 100, Below trend. Revenue and profit before exceptional items growth were below the company's own trend; EBITDA growth was well below it. EBITDA margin fell 76 bps year on year. Tax rate 53%. Consolidated profit -60% but standalone +66%. Share price after the results: +12.8% in 29 days (Nifty 500: +3.7%).
  • Q3 FY25: Revenue ₹2,075 cr (+10% year on year), EBITDA ₹186 cr (+6% year on year), PAT −₹45.0 cr (+43% year on year), EBITDA margin 9.0% (−37 bps). Score 37 of 100, Below trend. Revenue growth was in line with the company's own trend; EBITDA and profit before exceptional items growth were below it. EBITDA margin fell 37 bps year on year. Profit fell 27% from last quarter.
  • Q2 FY25: Revenue ₹2,081 cr (+10% year on year), EBITDA ₹208 cr (+7% year on year), PAT ₹58.0 cr (+4% year on year), EBITDA margin 10.0% (−29 bps). Score 40 of 100, Below trend. EBITDA margin fell 29 bps year on year. Tax rate 38%. Not enough history for a trend yet: scored on growth alone.

Past price moves after results do not indicate future moves. Not a recommendation.

Varroc Engineering Limited earnings call, investor presentation and press release summaries

Figures from the company's filings with NSE and BSE. Not investment advice.