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Varroc Engineering (VARROC) kicked off Q1 FY27 strong! Revenue hit Rs 2,634.2 Cr, soaring 29.9% YoY, with India biz up 28.6% & overseas jumping 45.6%. EV revenue is a standout, surging 87% YoY to ~16% of total sales. While EBITDA margin dipped slightly to 8.5% (due to tooling & inflation), PBT margin (ex-exceptional) still improved 20 bps YoY to 4.3%, and PAT saw ~70% YoY growth (ex-exceptional).
Growth drivers are solid: bagged Rs 599.1 Cr in new annual peak revenue wins this quarter, 72% of which is EV-focused, plus new 4W lighting orders for Thailand. VARROC is actively developing next-gen tech like Interior Ambient Lighting & EV Inverter Electronics. Net debt rose slightly to Rs 526.8 Cr from capex, but EPS & capital efficiency are looking up.
Management is bullish on continued auto demand, especially EV adoption. Strategy centers on profitable volume growth, boosting margins via efficiency, smart capital deployment, and global R&D leveraging low-cost manufacturing. Positioning for a sustainable, smart mobility future!