Varroc Engineering Ltd

📊 Varroc Engineering FY26 Highlights: Strong EV Growth & Margin Improvement

- Q4 FY26 revenue: ₹23,681M (+12.8% YoY), India ops up 12.0%

- FY26 revenue: ₹88,905M (+9% YoY), India contributes 89.3%

- EV revenue share: ~14% in Q4 (+50% YoY), ~13% in FY26 (+39% YoY)

- Q4 PBT (pre-exceptional): 4.5%, EBITDA at 9.7% (quarterly improvement)

- FY26 PBT (pre-exceptional): 4.3% vs 3.8% in FY25 (+21.9% growth)

- New orders: ₹32,889M annual potential, 65% EV-related

- Net debt reduced by ₹2,528M to ₹4,952M

- 150% dividend recommended

- R&D hubs in Poland, Italy, India, China

- Key wins: Bidirectional chargers, high-voltage inverters, ambient lighting

- Sustainability: 36% renewable energy, 90% waste recycling