Varroc Engineering Ltd. News and Updates

Name: Latest research reports of Varroc Engineering Ltd. authored by ICICI Securities Limited and published by - Trendlyne research reports.
Item: Varroc Engineering Ltd.
Rating: 5
Author: ICICI Securities Limited

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Varroc Engineering Ltd.

15 Aug 2022

394.05

-5.11%

Undergoing consolidation before turnaround

Buy: Varroc Engineering Ltd.

ICICI Securities Limited

Varroc Engineering’s (VAR) ongoing operations’ revenue declined marginally ~1% QoQ to Rs16.3bn, with QoQ decline being led by ex-India operations of Italy forging and global 2W lighting.

Varroc Engineering L.. has an average target of 585.50 from 2 brokers.

Varroc Engineering Ltd.

12 Aug 2022

394.05

-5.11%

Varroc Engineering's Q1 loss narrows to Rs 85 crore; revenue rises 36%

Business Standard

Auto parts maker and supplier Varroc Engineering on Friday reported narrowing of net loss to Rs 84.51 crore on a consolidated basis in the June quarter. The company had posted a net loss of Rs 229.28 crore in the year-ago period, according to a regulatory filing. Revenue from continued operations surged 36.25 per cent to Rs 1,628.28 crore in the latest June quarter. The same stood at Rs 1,194.99 crore in the corresponding quarter of FY22. The first quarter of FY23 has started with a stable outlook for automotive on back of a forecast of a normal monsoon. The growth is visible mainly due to low base, Varroc Engineering CMD Tarang Jain said in a statement. Semiconductor supply issues continue to impact premium two-wheeler manufacturers whereas passenger vehicle manufacturers are seeing improved supplies, he noted. "Geopolitical issues have resulted in higher energy cost as well as food inflation which is forcing most of the central banks to hike interest rates at a pace which has no

Varroc Engineering Ltd. has lost -31.09% in the last 6 Months

Varroc Engineering's Q1 loss narrows to Rs 85 crore

Moneycontrol | 12 Aug 2022

Varroc Engineering Ltd.

12 Aug 2022

394.05

-5.11%

to see Rapid results content

Varroc Engineering Ltd.

30 May 2022

394.05

-5.11%

to see Rapid results content

Varroc Engineering Ltd.

05 May 2022, 08:33PM

394.05

-5.11%

Buy Varroc Engineering; target of Rs 450: Khambatta Securities

Moneycontrol

Khambatta Securities is bullish on Varroc Engineering has recommended buy rating on the stock with a target price of Rs 450 in its research report dated May 05, 2022.

Varroc Engineering Ltd. has lost -31.09% in the last 6 Months

Varroc Engineering Ltd.

05 May 2022

394.05

-5.11%

Varroc Engineer

Buy: Varroc Engineering Ltd.

Recommendation Target

Khambatta Securities

Varroc Engineering L.. has an average target of 585.50 from 2 brokers.

Varroc Engineering Ltd.

03 May 2022

394.05

-5.11%

Varroc Engg eyes fast-paced growth after deal closure with Plastic Omnium

Business Standard

Will sharpen focus on domestic market, play to its strength in lighting and electrical and electronics components as part of re-aligning focus and enhancing ROCE