Varroc Engineering Ltd - 541578 - Announcement under Regulation 30 (LODR)-Earnings Call Transcript
Varroc Engineering Limited has informed the Exchange about Transcript of Investor Call held on February 7, 2023 - UFR Q-3-202310-02-2023
10-02-2023
Varroc Engineering Ltd - 541578 - Announcement under Regulation 30 (LODR)-Newspaper Publication
Varroc Engineering Limited has informed the Exchange about Copy of Newspaper Publication, published on February 8, 2023- UFR Q3 FY 202308-02-2023
Varroc Engineering Ltd - 541578 - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
Varroc Engineering Limited has informed the Exchange about Link of Audio Recording for Investor Call held on February 7, 2023 to discuss UFR Q-3 FY 202308-02-2023
Q3FY23 Quarterly Result Announced for Varroc Engineering Ltd.
Auto parts & equipment firm Varroc Engineering announced Q3FY23 results: Consolidated Q3FY23 & 9MFY23: Revenue from operations was Rs 17,228 million in Q3FY23, registering a growth of 15.3% on a YoY basis EBITDA margin was at 7.8%, improved by 140 bps YoY PAT was positive at Rs 218 million, as against the loss reported during the same quarter last year. Lifetime new order wins in India: Rs 35.65 billion for 9MFY23, including Rs 8.92 billion from EV manufacturers Tarang Jain, CMD, commented, “In India, automobile production for all the segments grew on a YoY basis due to the easing of semiconductor issues and improved economic activity. However, 2W saw tepid growth as the lower end of the segment has not picked up and exports were impacted by geo-political issues. YoY, 2W production grew only by merely 0.5%, 3W by 13.3%, PV by 21.4%, and CV by 12.0% on YoY basis. On a QoQ basis, the production for all the segments fell because of the early festive season and the reduction of inventory at the channel partners. In terms of our operations, revenue from operations grew by 15.3% to Rs 17,228 million on a YoY basis. Our EBITDA margin was at 7.8% and it improved on YoY basis by 140 bps due to improvement in overseas performance. Sequentially, the EBITDA margin has fallen due to lower revenue from operations. The reported PAT for the quarter was Rs 218 million. We continue to have strong order wins for new business in 9MFY23 across business units enabling our future growth in India. During 9MFY23, lifetime revenue from new order wins is Rs 35,653 million. Out of this, business wins from 5 prominent EV customers is Rs 8,917 million. The order books also reflect our effort to diversify as we see nearly 48% of lifetime orders win from 4W and 52% from 2&3 wheeler. Diversification can also be seen in the order book from the customer perspective with only 19% from the largest customer. As stated previously, profitable business wins, improving contribution margin, sweating of assets, net working capital improvement, commercialization of our R&D; efforts, control on costs, growing free cash flow, debt reduction, and prudent capital allocation remain the focus of the company.” Result PDF07-02-2023
Varroc Engineering Ltd - 541578 - Announcement under Regulation 30 (LODR)-Investor Presentation
Investor Presentation - Financial Results Q3 and Nine Months FY 2022-2307-02-2023
Varroc Engineering Ltd - 541578 - Board Meeting Outcome for Outcome Of Board Meeting, Press Release & Results
Outcome of Board Meeting, Press Release & Un-audited Financial Results (Standalone and Consolidated) for the quarter and nine months ended on December 31, 202207-02-2023
Varroc Engineering Ltd - 541578 - Outcome Of Board Meeting, Press Release & Results
Outcome of Board Meeting, Press Release & Un-audited Financial Results (Standalone and Consolidated) for the quarter and nine months ended on December 31, 202207-02-2023
Varroc Engineering Ltd - 541578 - Announcement under Regulation 30 (LODR)-Credit Rating
Additional Credit Rating from India Ratings & Research for Commercial Paper of the Company07-02-2023
Varroc Engineering Ltd - 541578 - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
VARROC : Varroc Engineering Limited has informed the Exchange about Schedule of Earnings Call /Analyst / Investor conference call for the Un-audited Financial Results for the quarter and nine months ended on December 31, 202224-01-2023
Varroc Engineering Ltd - 541578 - Compliances-Reg. 50 (1) - Prior intimation about Board meeting under Regulation 50(1)
Meeting of the Board of Directors of the Company is scheduled to be held on Tuesday, February 7, 2023, inter alia, to consider and approve Un-audited Financial Results (Standalone and Consolidated) of the Company for the quarter and nine months ended on December 31, 202217-01-2023