Varroc Engineering Q3 FY26 Investor Presentation: Revenue Up 10.2% YoY to ₹22,875 Million
Varroc Engineering reported Q3 FY26 revenue of ₹22,875 million, up 10.2% YoY. EV revenue grew 53% YoY to 14.3% of total. PBT margin improved to 4.4%. The company secured ₹20,636 million in new order wins, with over 74% for EVs. Net debt increased due to VRS spending.
The announcement details financial results, significant order wins, and strategic investments (VRS), which are material to investors and directly impact the company's financial health and future growth prospects.
The company reported positive year-on-year revenue growth, improved PBT margins, and significant new order wins, particularly in the EV segment, indicating strong business performance and future potential.
Varroc Engineering Limited has released its investor presentation for the third quarter and nine months ended December 31, 2025. The company reported a consolidated revenue of ₹22,875 million for Q3 FY26, marking a 10.2% year-on-year growth. India operations contributed significantly with a 12.3% growth.
Revenue from electric vehicle (EV) models showed substantial growth, standing at approximately 14.3% of total revenue in Q3 FY26, a 53% increase year-on-year. For the nine months of FY26, EV revenue was about 12.1%, up 38% YoY.
The Profit Before Tax (PBT) before exceptional and JV profits stood at 4.4% in Q3 FY26, an improvement from 3.2% in the previous year's quarter. EBITDA was reported at 9.3%, a slight increase from 9.2% YoY.
A notable development was the net new order wins in the first nine months of FY26, reaching ₹20,636 million, with over 74% related to EV models. The company also filed over 15 patents in this period, bringing the total to over 130.
Significant business wins include an HV PCBA for a Romanian entity from a global EV OEM, 4W lighting for a Thai entity from a global EV OEM, and 4W lighting business in India for an upcoming EV vehicle from an Indian OEM.
Net debt increased to ₹4,405 million due to a one-time Voluntary Retirement Scheme (VRS) spending of approximately ₹799 million, which is expected to yield recurring annual benefits with a payback period of around 4 years.
The presentation also detailed the company's performance across various business units, including E-Mobility, ICE Powertrain Solutions, Lighting Solutions, HMI Solutions, Body System Solutions, and Aftermarket, highlighting key products, R&D capabilities, and manufacturing facilities. Varroc emphasized its commitment to sustainability, ESG initiatives, and community development projects.
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Varroc Engineering Limited filed this with the NSE as a statutory disclosure, categorised under quarterly results. It is a primary document, not a recommendation, and the desk marks it high impact, which is the band that most often changes something.
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See the model portfoliosA plain-language summary of a public exchange filing by Varroc Engineering Limited. Read the original for the full detail.