Varroc Engineering Ltd

Varroc Engineering Q3 FY26: Revenue Up 10.2% with Strong EV Growth ⚡📊

• Q3 FY26 revenue: ₹22,875 million, up 10.2% year-on-year

• India operations grew 12.3% in Q3 FY26

• EV revenue in Q3 FY26 was approximately 14.3%, growing 53% YoY

• 9M FY26 consolidated revenue grew 7.7% to ₹65,224 million

• 9M FY26 EV revenue was 12.1%, up 38% YoY

• Q3 FY26 PBT before exceptional items improved to 4.4% from 3.2% in Q3 FY25

• Q3 FY26 EBITDA margin was 9.3%, slightly up from 9.2%

• 9M FY26 PBT before exceptional items improved to 4.2% from 3.5%

• Net new order wins in 9M FY26 reached an annual peak revenue potential of ₹20,636 million

• Over 74% of new order wins related to EV models

• Filed over 15 patents in 9M FY26, bringing the total to more than 130

• Notable business wins include HV PCBA from a global EV OEM for Romania, 4W lighting from a global EV OEM for Thailand, and 4W lighting in India for an upcoming EV vehicle

• Automotive production in India showed strong growth in Q3 FY26: 2W up 15.0%, 3W up 34.7%, PV up 19.1%, and CV up 17.5% YoY