Varroc Engineering Limited — Investor Meet, 10-02-2026: Analysts/Institutional Investor Meet/Con. Call Updates

Varroc Engineering's Q3 FY26 call highlighted strong India operations with 12.3% YoY revenue growth and 11.9% EBITDA. EV revenue surged 50% YoY, comprising 14.3% of total sales. The company secured a record INR 2,063.6 Cr in new orders, 75% from EVs and over 60% in 4-wheelers, driving future growth. An INR 80 Cr Voluntary Separation Scheme (VSS) exceptional charge is expected to save ~INR 20 Cr annually. Overseas challenges are anticipated to turn around from H2 FY27 with new program ramp-ups. Net debt increased temporarily but the company targets zero-debt by FY27, signaling confidence in strategic execution and EV momentum.