Varroc Engineering Ltd

Varroc Engineering Q3 FY26: Revenue Up 10.2%, EV Sales Surge 50% ⚡📊

• Consolidated Q3 FY26 revenue: ₹22.9 billion, up 10.2% YoY

• India operations revenue growth: 12.3% YoY

• EV models revenue reached 14.3% of total revenue, growing 50% YoY

• EBITDA margin: 9.3% (up from 9.2% YoY)

• PBT margin: 4.4% (improved from 3.2% YoY)

• India operations EBITDA: 11.9%

• India operations PBT: 7.6%

• New business wins in 9M FY26: ₹20,636 million in annualized peak revenue

• 74% of new orders from EV-related contracts

• Plans capital expenditures of ₹300-350 crores for FY27

• Targeting zero debt by end of FY27

• Romania operations targeting cash breakeven by H2 FY27

• 15 patents filed in 9M FY26, total patents over 130