Varroc Engineering Limited — Investor Meet, 11-08-2025: Analysts/Institutional Investor Meet/Con. Call Updates

Varroc Engineering's Q1 FY26 consolidated revenue rose 6.8% to ₹2,028 Cr, with EBITDA at 9.5%. India operations grew 7.2%. Net debt significantly reduced by ₹300 Cr to ₹448 Cr, bringing net debt to equity below 0.3x, aided by free cash flow and China JV stake sale. New business wins totaled ₹291 Cr in annualized peak revenue. Management noted EV revenue now 11% despite rare earth magnet supply challenges, for which they are developing alternative solutions. Overseas business is rebuilding its order book, with moderate profitability expected by FY27. Outlook remains focused on order execution and margin improvement.