Varroc Engineering Ltd

Varroc Engg. announced that the 37th Annual General Meeting(AGM) of the company will be held on 21 August 2025.Powered by Capital Market - Live

Net profit of Varroc Engineering declined 63.82% to Rs 20.57 crore in the quarter ended March 2025 as against Rs 56.86 crore during the previous quarter ended March 2024. Sales rose 6.30% to Rs 2099.20 crore in the quarter ended March 2025 as against Rs 1974.86 crore during the previous quarter ended March 2024. For the full year,net profit declined 88.36% to Rs 61.23 crore in the year ended March 2025 as against Rs 526.02 crore during the previous year ended March 2024. Sales rose 7.97% to Rs 8154.08 crore in the year ended March 2025 as against Rs 7551.94 crore during the previous year ended March 2024. ParticularsQuarter EndedYear EndedMar. 2025Mar. 2024% Var.Mar. 2025Mar. 2024% Var. Sales2099.201974.86 6 8154.087551.94 8 OPM %26.0611.19 -9.6710.24 - PBDT511.34187.45 173 639.92651.68 -2 PBT429.91104.95 310 316.60314.86 1 NP20.5756.86 -64 61.23526.02 -88 Powered by Capital Market - Live

Varroc Engg. announced that the Board of Directors of the Company at its meeting held on 29 May 2025, inter alia, have recommended the final dividend of Rs 1 per equity Share (i.e. 100%) , subject to the approval of the shareholders.Powered by Capital Market - Live

However, on a year-on-year (YoY) basis, consolidated net profit fell 63.82%, although revenue grew by 6.29%. Profit before exceptional items and tax stood at Rs 103.36 crore in Q4 FY25, up 3.55% from Rs 99.81 crore posted in the same quarter last year. The company reported exceptional items worth Rs 56.41 crore during the quarter. EBITDA stood at Rs 213.4 crore in the March quarter, registering a decline of 2.42% YoY. EBITDA margin reduced to 10.2% in Q4 FY25, as compared to 11.1% reported in the corresponding quarter previous year. On segmental front, revenue from the automotive business was Rs 2,035.63 crore, registering a 5.84% YoY increase, while income from other segments came in at Rs 63.58 crore, up 23.09% YoY during the same period. Tarang Jain, CMD said, 'India has now become the 4th largest economy and the GDP had a steady growth of 6.2% in Q3 FY25. Softening of inflation in the last few quarters and interest rate reductions globally encouraged our central bank to reduce the repo rate by 50 basis points. Weak growth in consumption, on top of global & regional conflicts and an uncertain tariff regime, may impact discretionary spending, which can have an impact on the automotive industry. However, we remain confident about the medium- to long-term growth prospects of the automotive industry. During Q4 of FY25, all the segments registered moderate growth on a YoY basis: - 2W grew by 5.8%, PV grew by 5.2%, CV grew by 3.1% & 3W grew by 9.5%. On a QoQ basis also, almost all segments, other than 2W, reported strong growth, as normally Q4 is a strong quarter for the Indian automotive industry every year. 2W de-grew by 1.2%, 3W grew by 3.0%, PV grew by 20.4%, and only CV grew by 20.9%. Now coming to the operational performance, during Q4 FY25, the company registered consolidated revenue of Rs.21 bn with a growth of 11% YoY on like-to-like basis, with India operations growing at 13%. Our EBITDA for the quarter was around 10.2% on back of improvement in the gross margin and benefits of operating leverage. Our PBT before exceptional items and JV profits was over Rs. 1 billion or 4.9% of revenue in Q4 FY25. As you all know, we have been working on structural changes like merger of VEL and VPL and exiting from China JV. We had to recognize certain one-time exceptional items primarily relating to these initiatives, which will simplify our operations and also improve our financial performance going forward. We continue to strengthen our balance sheet and return ratios. The net debt of the company in FY25 reduced by 2,348 million, and as a result the net debt to equity reduced to below 0.5x at the end FY25 from 0.64X at the end of FY24. The absolute net debt figure was at 7,480 million. ROCE (before tax) for FY25 was 20.8% and free cash flow generation was also healthy at Rs 3,116 million, or 3.8% of revenue before growth capex in land. In FY25, we also achieved net new business wins with annualized peak revenues of Rs.11,734 million, with EV models constituting more than 55% of this. It is more heartening to see business wins in our overseas operations also, which will improve profitability from FY 27 onwards. Our continuing focus on revenue growth, improvement in gross margin, control on fixed cost and optimization of capex and working capital will enable us to generate healthy free cash flows in the future also.' Meanwhile, the company's board has recommended a dividend of Rs 1 per equity share for the financial year 2024-25, subject to shareholder approval at the 37th Annual General Meeting (AGM). The company has fixed Friday, 8 August 2025, as the record date to determine shareholders' entitlement to the dividend. If approved at the AGM, the dividend will be paid within 30 days from the date of the meeting. Further, the company's board has approved the re-appointment and payment of remuneration to Tarang Jain as chairman and managing director of the company, liable to retire by rotation, for a period of 3 years from 1 June 2025 to 31 May 2028, subject to approval of the members of the company. Furthermore, following the scheme of amalgamation of wholly owned subsidiary Varroc Polymers with Varroc Engineering, effective from 1 February 2025, the authorized share capital of the company increased from Rs 50.45 crore to Rs 55.94 crore. The board also approved the reclassification of Rs 5.49 crore of authorized share capital, converting 54.90 lakh equity shares of Rs 10 each to Re 1 each, subject to shareholder approval. Lastly, the board has resolved to seek shareholders' approval via special resolution at the AGM to issue secured or unsecured redeemable non-convertible debentures (NCDs) amounting to not more than Rs 500 crore, in one or more tranches, either in Indian rupees or foreign currency, on a private placement basis. Varroc Engineering designs, manufactures, and supplies exterior lighting systems, plastic and polymer components, electrical-electronics components, and precision metallic components to passenger car, commercial vehicle, two-wheeler, three-wheeler and off-highway vehicle (OHV) OEMs directly worldwide. Powered by Capital Market - Live

Varroc Engg. will hold a meeting of the Board of Directors of the Company on 29 May 2025.Powered by Capital Market - Live

Varroc Engineering has redeemed commercial paper of Rs 50 crore on 25 February 2025. Powered by Capital Market - Live

Net loss of Varroc Engineering reported to Rs 47.43 crore in the quarter ended December 2024 as against net profit of Rs 382.69 crore during the previous quarter ended December 2023. Sales rose 10.12% to Rs 2075.26 crore in the quarter ended December 2024 as against Rs 1884.59 crore during the previous quarter ended December 2023. ParticularsQuarter EndedDec. 2024Dec. 2023% Var. Sales2075.261884.59 10 OPM %8.969.32 - PBDT146.67160.03 -8 PBT66.1370.75 -7 NP-47.43382.69 PL Powered by Capital Market - Live

Varroc Engg. will hold a meeting of the Board of Directors of the Company on 10 February 2025.Powered by Capital Market - Live

Raymond Ltd, JBM Auto Ltd, Kansai Nerolac Paints Ltd, Nippon Life India Asset Management Ltd are among the other stocks to see a surge in volumes on NSE today, 10 December 2024.Varroc Engineering Ltd witnessed volume of 95.14 lakh shares by 14:14 IST on NSE, a 48.16 times surge over two-week average daily volume of 1.98 lakh shares. The stock increased 10.11% to Rs.588.95. Volumes stood at 10.57 lakh shares in the last session.Raymond Ltd saw volume of 77.82 lakh shares by 14:14 IST on NSE, a 32.52 fold spurt over two-week average daily volume of 2.39 lakh shares. The stock increased 10.86% to Rs.1,787.25. Volumes stood at 1.97 lakh shares in the last session.JBM Auto Ltd recorded volume of 6.21 lakh shares by 14:14 IST on NSE, a 8.43 times surge over two-week average daily volume of 73669 shares. The stock gained 7.11% to Rs.1,729.85. Volumes stood at 60148 shares in the last session.Kansai Nerolac Paints Ltd clocked volume of 15.38 lakh shares by 14:14 IST on NSE, a 8.18 times surge over two-week average daily volume of 1.88 lakh shares. The stock lost 4.79% to Rs.260.20. Volumes stood at 1.79 lakh shares in the last session.Nippon Life India Asset Management Ltd notched up volume of 61.83 lakh shares by 14:14 IST on NSE, a 6.41 fold spurt over two-week average daily volume of 9.65 lakh shares. The stock rose 8.37% to Rs.796.00. Volumes stood at 19.41 lakh shares in the last session.Powered by Capital Market - Live

Net profit of Varroc Engineering rose 2.67% to Rs 55.68 crore in the quarter ended September 2024 as against Rs 54.23 crore during the previous quarter ended September 2023. Sales rose 10.28% to Rs 2080.77 crore in the quarter ended September 2024 as against Rs 1886.81 crore during the previous quarter ended September 2023. ParticularsQuarter EndedSep. 2024Sep. 2023% Var. Sales2080.771886.81 10 OPM %10.0010.30 - PBDT172.36158.80 9 PBT90.8173.91 23 NP55.6854.23 3 Powered by Capital Market - Live