Conference Call with Varroc Engineering Management and Analysts on Q1FY27 Performance and Outlook. Listen to the full earnings transcript.
Auto Parts & Equipment company Varroc Engineering announced Q1FY27 results Consolidated Financial Highlights: Total Income for Q1FY27 was Rs 26,404.32 million, representing a YoY growth of 29.90% from Rs 20,326.10 million in Q1FY26 and a QoQ increase of 11.24% from Rs 23,736.17 million in Q4FY26. Revenue from Operations for Q1FY27 stood at Rs 26,342.37 million, marking a YoY growth of 29.92% compared to Rs 20,275.51 million in Q1FY26 and an 11.24% QoQ increase from Rs 23,680.84 million in Q4FY26. Net Profit attributable to Shareholders for Q1FY27 was Rs 772.72 million, a decline of 26.45% YoY from Rs 1,050.62 million in Q1FY26, but a growth of 11.48% QoQ from Rs 693.15 million in Q4FY26. The company reported a Basic and Diluted EPS of Rs 5.06 for Q1FY27, compared to Rs 6.88 in Q1FY26 and Rs 4.54 in Q4FY26. For the full financial year FY26, the company recorded a consolidated Total Income of Rs 89,080.39 million and a Net Profit attributable to shareholders of Rs 2,250.31 million. Standalone Financial Highlights: Total Income for Q1FY27 stood at Rs 23,686.44 million, showing a YoY growth of 28.27% from Rs 18,465.78 million in Q1FY26 and a QoQ increase of 10.03% from Rs 21,526.31 million in Q4FY26. Revenue from Operations for Q1FY27 reached Rs 23,634.95 million, representing a YoY increase of 28.25% from Rs 18,428.87 million in Q1FY26 and a 9.95% QoQ increase from Rs 21,496.30 million in Q4FY26. Net Profit for Q1FY27 was Rs 988.67 million, marking a YoY growth of 14.13% from Rs 866.28 million in Q1FY26, while recording a marginal QoQ decline of 2.90% from Rs 1,018.22 million in Q4FY26. For the full financial year FY26, the standalone Total Income was Rs 81,578.90 million and the Net Profit was Rs 2,881.93 million. Business Highlights: Segment Performance (Consolidated Revenue): Automotive: Revenue for Q1FY27 was Rs 25,507.97 million, compared to Rs 19,723.60 million in Q1FY26. Others: Revenue stood at Rs 834.40 million in Q1FY27, compared to Rs 551.91 million in Q1FY26. Segment Result (Consolidated): The Automotive segment recorded a profit of Rs 1,418.17 million for Q1FY27, while the 'Others' segment reported a loss of Rs 3.98 million. GST Litigation Update: The company and its subsidiaries have received GST orders relating to product classification totaling Rs 284 million (reduced from initial higher demands after appeals). Commercial Papers: On July 22, 2026, the company issued 1,000 listed unsecured Commercial Papers of face value Rs 5,00,000 each, aggregating to Rs 500 million, with an interest rate of 7.20%. Debt Equity Ratio: The consolidated debt-equity ratio stood at 0.43 times as of June 30, 2026. Arbitration Proceedings: The Group is involved in an arbitration initiated by OPmobility Lighting Holding, France, with claims quantified at USD 66.41 million plus legal costs. Result PDF
Auto Parts & Equipment company Varroc Engineering announced Q4FY26 & FY26 results Consolidated Financial Highlights: Total Income: For Q4FY26, the total income was recorded at Rs 23,736.17 million, reflecting an increase of 3.57% on a QoQ basis compared to Rs 22,918.16 million in Q3FY26. On a YoY basis, total income grew by 12.81% from Rs 21,040.40 million in Q4FY25. For the full year FY26, total income stood at Rs 89,080.39 million, an increase of 9.01% from Rs 81,717.66 million in FY25. Revenue from Operations: Revenue from operations for Q4FY26 was Rs 23,680.84 million, a QoQ growth of 3.52% from Rs 22,875.20 million and a YoY growth of 12.81% from Rs 20,992.01 million. For the full year FY26, revenue was Rs 88,904.93 million, up 9.03% from Rs 81,540.84 million in FY25. Net Profit for the period: The company reported a net profit of Rs 704.53 million in Q4FY26, compared to a net loss of Rs 113.03 million in Q3FY26. This represents a YoY growth of 206.45% from Rs 229.90 million in Q4FY25. For the full year FY26, net profit reached Rs 2,298.33 million, a significant increase of 229.86% over Rs 696.76 million in FY25. Standalone Financial Highlights: Total Income: Standalone total income for Q4FY26 was Rs 21,526.31 million, showing a QoQ growth of 1.63% from Rs 21,181.46 million and a YoY growth of 11.54% from Rs 19,299.13 million. For the full year FY26, standalone total income reached Rs 81,578.90 million, marking an increase of 10.30% from Rs 73,962.06 million in FY25. Revenue from Operations: Standalone revenue from operations for Q4FY26 was Rs 21,496.30 million, an increase of 1.63% QoQ from Rs 21,151.59 million and a growth of 12.35% YoY from Rs 19,133.36 million. For FY26, revenue stood at Rs 81,455.32 million, up 10.54% compared to Rs 73,685.82 million in FY25. Net Profit for the period: Standalone net profit for Q4FY26 was Rs 1,018.22 million, showing a growth of 217.31% QoQ from Rs 320.89 million, but a slight YoY decrease of 3.63% from Rs 1,056.62 million. For the full year FY26, standalone net profit was Rs 2,881.93 million, an increase of 4.47% from Rs 2,758.50 million in FY25. Business Highlights Final Dividend: The Board of Directors recommended a final dividend of Rs 1.50 per Equity Share (150%) of face value Rs 1 each for the financial year FY26. Segment-wise Performance (Consolidated FY26): Automotive Segment: This segment recorded a revenue of Rs 86,487.52 million in FY26, compared to Rs 79,338.94 million in FY25. Segment results (profit before tax and finance cost) stood at Rs 4,276.42 million. Others Segment: This segment recorded a revenue of Rs 2,417.41 million in FY26, compared to Rs 2,201.90 million in FY25. The segment reported a loss of Rs 276.92 million. Fund Raising: The Board resolved to seek approval from shareholders to issue Secured/Unsecured Redeemable Non-Convertible Debentures (NCDs) for an amount not exceeding Rs 500 crore on a private placement basis. Borrowing Limits: The Board has recommended increasing the overall borrowing limits of the Company to Rs 3,000 crore. Repayment of Debt: During the quarter, the company repaid 25,000 listed NCDs of face value Rs 1,00,000 each (aggregating to Rs 2,500 million) in full on March 07, 2026. Exceptional Items: The Group recognized an incremental impact on employee benefit provisions of Rs 225.49 million due to changes in the definition of wages under the new Labour Codes. A separation cost of Rs 799.49 million was recognized as an exceptional item related to a Voluntary Separation Scheme (VSS) for 411 employees. Cumulative exchange gains of Rs 611.94 million pertaining to the China JV were reclassified to the Statement of Profit or Loss following its disposal. Audit Qualification: The Statutory Auditors issued a qualified opinion regarding a certain income amounting to Rs 209.89 million recognized under revenue from operations, which is currently the subject of ongoing arbitration proceedings with TYC Parties. Result PDF
Auto Parts & Equipment company Varroc Engineering announced Q3FY26 results Revenue: Rs 22,875.2 million against Rs 20,752.62 million during Q3FY25, change 10%. PBT: Rs -32.82 million against Rs -247.94 million during Q3FY25, change 87%. PAT: Rs -113.03 million against Rs -451.83 million during Q3FY25, change 75%. EPS: Rs -0.67 for Q3FY26. Result PDF