Varroc Engineering 38th AGM transcript: FY27 outlook and FY31 target shared
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Varroc filed 38th AGM transcript (Aug 20, 2026). FY26 revenue about INR88,905 million (9% YoY), EBITDA margin 9.4%, PBT margin up 50 bps to 4.3%. EV is 13% of revenue; order wins about INR32.89 billion annualized, 65% EV. Chairman guides FY27 revenue above INR10,500 cr (about 20% growth), aspires INR20,000 cr by FY31. CFO pegs FY27 capex around INR550 cr, net debt reduction by FY28. Audit flags qualifications on TYC income of INR209.89 million.
Management set FY31 revenue aspiration of INR20,000 cr. Net debt reduction by FY28. Audit flagged qualifications on INR209.89 million TYC income.