Results

Varroc Engineering reported standalone revenue of Rs 81,455 million for FY2026, up 10.5% YoY from Rs 73,686 million. Net profit after tax stood at Rs 2,882 million vs Rs 2,759 million (4.5% growth). The auditors issued a qualified opinion due to Rs 209.89 million in revenue from a former joint venture now under arbitration with TYC Parties over alleged breach of a Transition Management Agreement. Additionally, an arbitration from OPmobility claims US$ 66.41 million for alleged breaches under a Securities Purchase Agreement. The company recorded exceptional items totaling Rs 871 million including Rs 663 million for a Voluntary Separation Scheme and Rs 218 million for new labour code implementation. The board recommended a dividend of Rs 1.50 per share and seeks shareholder approval to raise NCDs up to Rs 500 crore and increase total borrowing limit to Rs 3,000 crore.