Varroc Engineering Q2 FY25 Results Net Profit Up by 4 per cent

The global Tier-1 auto component manufacturer Varroc Engineering Ltd. was founded in 1988 and has its headquarters in Aurangabad, Maharashtra. It specializes in a wide range of automotive solutions. In addition to producing exterior lighting systems, polymer and plastic components, electrical and electronics parts, and precision metallic components for a variety of vehicles, including passenger cars, commercial vehicles, and two- and three-wheelers, the company primarily operates in the automotive segment.

The company provides products such as engine valves, seating systems, lighting systems, and unpainted and painted body parts to major international automotive original equipment manufacturers (OEMs). Through strategic partnerships and acquisitions, Varroc Engineering has greatly increased its global presence. One of its main areas of focus is on innovation in electric vehicle (EV) components, such as battery management systems and traction motors.

Varroc Engineering Q2 FY25 result

The September quarter profit after tax (PAT) for Varroc Engineering, a manufacturer of auto components, increased by 4% to Rs. 57.80 crore from Rs. 55.72 crore during the same period the previous year. In the July-September quarter of the previous fiscal year, the company’s consolidated revenue from operations increased by 10.28% to Rs. 2,080.8 crore from Rs. 1,886.8 crore.

The quarter’s earnings before interest, taxes, depreciation, and amortization (EBITDA) increased as well, coming in at Rs. 201 crore as opposed to Rs. 187.10 crore the year before. Varroc’s two- and three-wheeler divisions expanded by 12.5% and 6.3%, respectively, in the most recent quarter. In the meantime, the commercial vehicle segment shrank by 13.3%, while the passenger vehicle segment experienced a minor 0.7% decline.

Tarang Jain, the managing director and chairman, said

Tarang Jain, the chairman and managing director, said that “despite the decline in urban consumption, the two-wheeler industry has performed well this fiscal year, as evidenced by the growth in rural demand.”

Shares of Varroc Engineering Ltd. are up 2%

The current price of Varroc Engineering Ltd.’s stock is Rs. 510.50 per share, up 2% from the previous high of Rs. 516.95 per share.

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