Varroc Engineering Limited has informed the Exchange about Transcript
VARROC · price
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Awaiting price reaction for this filing.
Varroc Engineering held an investor call for Q4 and FY-25 results. Consolidated Q4 revenue grew 11% YoY to about INR 21 billion, with India operations up 13% and EBITDA margin at 10.2%. Full year FY-25 revenue was INR 81.7 billion (8.5% growth) with India growing 11%, and the company posted INR 312 crores in free cash flow. Net debt fell by INR 235 crores to INR 748 crores (net debt-to-equity at 0.5x), and the Board has recommended a 100% dividend (INR 1 per share). New lifetime order wins were INR 60.5 billion with annualized peak revenue of INR 11.7 billion, and EV-linked orders made up over 55% of these wins. Management exited the China JV, realizing INR 340 crores which will be used to further cut debt, and aims for high double-digit India growth in FY-26, with overseas margins expected to recover from Q2 FY-27.
Strong order pipeline especially in EVs and improving balance sheet support the growth story, though overseas weakness, declining EV 2W industry growth, and one-time exceptional items from the China JV exit will weigh on near-term earnings. Shareholders get a 100% dividend plus clearer visibility on FY-27 recovery, which should support sentiment on the stock.