Varroc Engineering Ltd

Varroc Engineering Reports Record Growth 🚀 | FY2026 Revenue Hits INR 88.9B, EV Focus Intensifies

- Highest ever net new business wins: INR 32,889 billion annualized peak revenue

- Q4 FY2026 revenue at INR 23.7 billion (12.8% YoY growth); FY2026 full-year revenue at INR 88.9 billion (9% growth)

- EV revenue contribution: 14% in Q4, 13% for full-year FY2026

- EBITDA margin improvement: 9.7% in Q4 (up from 9.3% in Q3)

- India operations strong with 11.7% EBITDA and 7.2% PBT margins

- Major EV wins: Wall chargers for Romanian EV player

- Non-auto business peaks at INR 50 crores (motors & motor controls)

- FY2027 CapEx plan: INR 450-500 crores focused on EV/electronics

- Debt reduction target: Zero net debt by FY2028 (current net debt/equity at 0.27)

- Automation push to reduce manpower reliance

- ROC at 24.4%; 150% dividend declared (vs 100% last year)

- Overseas growth: 24% in Q4; turnaround expected H2 FY2027