VARROC · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Varroc Engineering published its audited financial results for Q4 FY26 and full year ended March 31, 2026. Consolidated total income grew 9% to Rs 89,080 million from Rs 81,718 million in FY25. Net profit after tax more than tripled to Rs 2,298 million from Rs 697 million, boosted by exceptional items including disposal of China JV (Varroc TYC Corporation) for RMB 310.50 million and reclassification of Rs 612 million exchange gains from OCI. However, underlying performance was impacted by multiple exceptional items: Rs 799 million voluntary separation scheme cost (411 employees), Rs 439 million arbitration legal costs, Rs 225 million labour code impact, and Rs 34 million loss from Bulgaria subsidiary liquidation. The company also faces an arbitration claim of US$ 66.41 million from OPmobility Lighting Holding and a qualified audit report regarding TYC Parties dispute.
Strong profit recovery on consolidated basis with EPS rising to Rs 14.73 from Rs 4.01. However, multiple one-time items and ongoing legal disputes (OPmobility arbitration US$66.41M, TYC qualification) create uncertainty. Debt reduction via full NCD repayment of Rs 2,500 million improves balance sheet strength.