Varroc Engineering Limited — Updates, 10-02-2025: Press Release

Varroc Engineering recorded a notable 10.1% year-over-year revenue growth, achieving ₹20,753 million in consolidated operations for Q3 of FY25. The company emphasized strong order book developments, particularly in overseas operations, positioning itself for improved operating leverage by FY27. The PBT margin for continuing operations stood at 3.2%, with a solid control over capital expenditure positively influencing net debt, which decreased by ₹1,967 million, bringing the net debt to equity ratio down to 0.50X from 0.64X.

The order book has been bolstered by recent business wins, particularly in electric vehicle (EV) models, which constitute over 55% of earnings. Noteworthy contracts include electric inverter electronics and interior lighting, with production expected to begin in FY27. In the domestic market, significant new business in power electronics is also underway. The outlook remains positive as Varroc focuses on expanding its product range and optimizing costs to enhance shareholder value.