Varroc Engineering Ltd - 541578 - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
Intimation of schedule of meeting with Analyst/ institutional investor02-06-2023
02-06-2023
Varroc Engineering Ltd - 541578 - Announcement under Regulation 30 (LODR)-Earnings Call Transcript
Transcript of Investor / Conference Call pertaining to Audited Financial Results for the quarter and year ended on March 31, 202328-05-2023
Varroc Engineering Ltd - 541578 - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
Transcript of Investor / Conference Call pertaining to Audited Financial Results for the quarter and year ended on March 31, 202328-05-2023
Varroc Engineering Ltd - 541578 - Announcement under Regulation 30 (LODR)-Newspaper Publication
Newspaper Advertisement - Publication of Results - March 31, 202324-05-2023
Varroc Engineering Ltd - 541578 - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
Audio recording of Conference Call pertaining to Audited Financial Results for the quarter and year ended on March 31, 202324-05-2023
Varroc Engineering Ltd - 541578 - Compliances-Reg. 54 - Asset Cover details
Submission of information pursuant to Regulation 54 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 - Asset Cover Certificate-Q4 -FY 2022-2323-05-2023
Varroc Engineering Ltd - 541578 - Compliances-Reg.24(A)-Annual Secretarial Compliance
Annual Secretarial Compliance Report23-05-2023
Varroc Engineering swings to profit on strong demand in March quarter
Revenue from operations rose nearly 2.3% to 16.90 billion rupees, outpacing expenses, which grew 0.8%23-05-2023
Varroc Engineering Ltd - 541578 - Disclosure Of Related Party Transactions For The Half Year Ended March 31, 2023
Disclosure of Related Party Transactions for the Half Year ended March 31, 202323-05-2023
Q4FY23 Quarterly & FY23 Annual Result Announced for Varroc Engineering Ltd.
Auto Parts & Equipment company Varroc Engineering announced Q4FY23 & FY23 results: Consolidated Q4FY23: Revenue from operations was Rs 16,901 million in Q4FY23, registering a growth of 2.3% on a YoY basis EBITDA margins in Q4FY23 were at 9.5%, improved by 340 bps YoY and 170 bps QoQ PAT was positive at Rs 400 million in Q4FY23 as against loss reported last year. Consolidated FY23: Revenue from continued operations was Rs 68,631 million in FY23, registering a growth of 17.4% YoY EBITDA margins for continued operations for FY23 were at 8.7%, improved by 210 bps YoY PAT for continued operations was positive at Rs 388 million in FY23 as against the loss reported during FY22 Lifetime New Order wins in India: Rs 51.78 billion for FY23 Tarang Jain, CMD commented, “Automobile production in India during Q4FY23 grew on YoY basis for most of the segments, due to easing of semiconductor issues and improved economic activity. However, the industry segment from which we generate around 70% of revenue i.e. 2W, saw a de-growth of -3% as exports are impacted by geo-political issues and domestic demand was impacted due to lower consumption in rural areas. Our consolidated revenue from operations grew by 2.6% on a YoY basis to Rs 17,011 million during Q4 and by 17.4% during a full year. Our EBITDA margin was at 9.5% and it improved on YoY basis by 340 bps due to business mix, recovery, and operating leverage. Sequentially also the EBITDA margin has gone up by 170 basis. The reported PBT for the quarter was Rs 411 million. The early signs of increase in rural consumption and strong domestic economy are expected to augur well for a good FY24. In India, we continue to have strong order wins for new business in FY23 across business units. During FY23, lifetime revenue from new order wins is Rs 51,782 million. Out of this, business wins from 7 prominent EV customers is Rs.17,968 million. The order books also reflect our effort to diversify as we see nearly 56% of lifetime order win from 4W and 44% from 2&3 wheeler. Our strong R&D; capabilities helped us in filing 15 patents in FY23 from the group, besides enabling us to commercialize new products in this financial year. During the current financial year, our businesses will continue their focus on profitability improvement, FCF generation, prudent capital deployment and debt reduction. We also got 'Ind A+' with stable outlook rating from India Ratings.” Result PDF23-05-2023