Varroc Engineering Ltd — earnings calls

At its 38th AGM, Varroc Engineering reported FY26 consolidated revenue of approximately INR88,905 million, around 9% year-on-year growth, with EBITDA margin near 9.4% and PBT margin improving 50 basis points to 4.3%. Management said EV-related revenue contributed around 13% of the full year, with net new business wins of approximately INR32.89 billion in annualized peak revenue, about 65% linked to EV models. Management also discussed overseas operations, capex plans for FY27, and a strategic aspiration to reach INR200 billion in revenue by FY31.

Varroc Engineering reported consolidated Q4 FY26 revenue of INR 23.7 billion, up 12.8% year-on-year, with EBITDA margin at 9.7% versus 9.3% in the prior quarter. Full year FY26 revenue was INR 88.9 billion, up 9%, with EBITDA margin of 9.4% and PBT before JV profit margin of 4.3%. Management highlighted record order intake of INR 32,889 million in annualized peak revenue, growth in EV-linked revenue, and a reduction in net debt during the year, alongside a recommended dividend of 150% of face value.