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Latest news about Varroc Engineering

Varroc Engineering Q3 Revenue Grows 10.2% YoY to ₹22.88 Billion with Strong Order Book 3 hrs ago Today

Varroc Engineering delivered strong Q3 FY26 performance with consolidated revenue growing 10.2% to ₹22.88 billion and EBITDA margin improving to 9.3%. The company secured significant new orders worth ₹20.64 billion in 9M FY26, with 75% from EV customers, while continuing debt reduction with net debt declining to ₹4.41 billion.

Varroc Engineering Wins Strategic ₹4.39 Billion EV Contract with Global OEM 2 days ago

Varroc Engineering Issues Rs 50 Crore Commercial Paper to Kotak Mahindra Bank 8 days ago

Varroc Engineering Clarifies Non-Convertible Debentures Partial Redemption Process to BSE 9 days ago

Varroc Engineering Limited Redeems Rs. 50 Crore Commercial Papers on Maturity 9 days ago

More news about Varroc Engineering

16Jan 26

Varroc Engineering Implements Voluntary Retirement Scheme with ₹79.94 Crore Payout

Varroc Engineering Limited has implemented a Voluntary Retirement Scheme for permanent workmen across its facilities, accepting 411 out of 432 applications received. The scheme involves an approximate payout of ₹79.94 crores and has been designed to benefit both the company and participating employees. The company has informed stock exchanges about this development in compliance with SEBI regulations.

02Jan 26

Varroc Engineering Limited Reports No Fund Raising Activity in Q3FY26, Confirms Proper Utilization of Commercial Paper Proceeds

Varroc Engineering Limited filed its Q3FY26 compliance statement confirming no fund-raising activity during the quarter ended December 31, 2025. The company reported no deviation in utilization of ₹50 crore Commercial Paper proceeds raised in Q2FY26, with funds fully utilized as per offer document objectives. The submission demonstrates adherence to SEBI regulations and maintains transparency in financial reporting.

01Jan 26

Varroc Engineering Pays ₹19.64 Crores Interest & Principal on Non-Convertible Securities

Varroc Engineering Limited has successfully paid ₹19.64 crores in combined interest and principal obligations on its Non-Convertible Securities for Q3FY26, with the payment made ahead of schedule on December 5, 2025. The securities carry an 8.60% coupon rate with ₹171.88 crores outstanding from the original ₹250 crores issue.

05Dec 25

Varroc Engineering Reports Q2 FY26 Results: Revenue Growth Amid Auditor Qualification and Arbitration Claims

Varroc Engineering Limited's Q2 FY26 results show a 10.58% increase in revenue to Rs. 20,378.56 million, but a 21.90% decrease in profit after tax to Rs. 676.54 million compared to Q1 FY26. The company faces auditor qualification due to a settlement offer and arbitration claims of US$ 66.41 million from OPmobility Lighting Holding. Despite challenges, year-on-year comparison shows 6.08% revenue growth and 9.45% increase in net profit.

27Nov 25

Varroc Engineering Unveils Investor Presentation: Showcasing Global Auto Tech Transformation

Varroc Engineering Limited, a leading auto technology company, has released an investor presentation highlighting its transformation into a global auto tech group with $954 million in revenue. The presentation, submitted ahead of an investor meet on November 28, 2025, reveals a diverse product portfolio including e-mobility solutions, lighting systems, electronics, and powertrain systems. Financial data shows 7.74% YoY revenue growth to 8,185.70 million, but an 87.40% decline in net profit to 69.70 million. The company's balance sheet indicates modest growth in assets and equity, while cash flow from operating activities improved by 15.38% YoY.

24Nov 25

HDFC Mutual Fund Boosts Stake in Varroc Engineering to 7.21%

HDFC Mutual Fund has increased its stake in Varroc Engineering by 2.18%, bringing its total holding to 7.21% of the company's paid-up equity capital. The fund acquired 33,34,601 shares through open market purchases, now holding a total of 1,10,16,797 shares. The acquisition was made on November 21, 2025. Varroc Engineering has a paid-up equity capital of Rs. 15,27,86,400, consisting of 15,27,86,400 equity shares with a face value of Rs. 1 each.

24Nov 25

Varroc Engineering Secures Strategic High Voltage Electronics Contract for EV Components

Varroc Engineering Limited has won a strategic contract to supply high voltage electronics for e-powertrain components to an electric vehicle manufacturer. The 8-year contract includes supplying power electronics units, inverters, onboard chargers, battery management systems, and DC-DC converters. Manufacturing will take place at Varroc's Romanian facility, with an expected peak annual capacity worth INR 8,000 million. This deal strengthens Varroc's position in the global passenger vehicle electronics market and aligns with their growth strategy in electronics, lighting, and electric powertrain solutions.

20Nov 25

Varroc Engineering Fulfills Rs. 50 Crore Commercial Paper Obligation

Varroc Engineering Limited has successfully redeemed Commercial Papers (CPs) worth Rs. 50.00 Crore issued to Kotak Mahindra Bank Limited. The redemption was completed on the maturity date of November 20, 2025. The company made this announcement to the National Stock Exchange of India (NSE) and BSE Limited, complying with SEBI regulations.

17Nov 25

Varroc Engineering Reports 6.1% Revenue Growth Despite Rare-Earth Supply Disruptions

Varroc Engineering's consolidated revenue grew 6.1% year-on-year to INR 22.7 billion in Q2 FY26, despite facing rare-earth magnet supply issues. The company reduced net debt by INR 3,680 million in H1 FY26, improving its net debt to equity ratio to below 0.22x. Varroc secured new business wins worth INR 8,928 million in annualized peak revenue, with 63% from EV customers. The company aims to double its revenue by 2030 and achieve a PBT margin above 10%, focusing on content increases, portfolio management, and expansion into adjacencies.

12Nov 25

Varroc Engineering Reports Strong Q2 FY26 Results with 6.1% Revenue Growth

Varroc Engineering Limited announced Q2 FY26 results with consolidated revenue of Rs. 22,073.00 million, up 6.1% YoY. EBITDA reached Rs. 2,018.00 million with a 9.1% margin. PAT stood at Rs. 633.00 million. H1 FY26 saw revenue growth of 6.4% YoY to Rs. 42,349.00 million. Indian operations grew 7.9% despite industry challenges. The company reduced net debt by Rs. 3,680.00 million in H1, improving its financial position. New business wins totaled Rs. 8,928.00 million in annualized peak revenues. Varroc focuses on e-mobility, strategic portfolio management, and exploring growth in aftermarket and non-auto sectors.

12Nov 25

Varroc Engineering Shareholders Approve Avinash Chintawar's Director Appointment

Varroc Engineering Limited successfully concluded postal ballot process for appointing Avinash Chintawar as Additional Director and Whole Time Director, receiving overwhelming shareholder support with 99.96% votes in favor. The appointment includes detailed remuneration structure with basic salary range of ₹7.75-11.50 lakh per month and comprehensive benefits package, strengthening the company's leadership team in the automotive sector.

31Oct 25

Varroc Engineering Provides NCD Security Disclosure Under SEBI Regulations

Varroc Engineering Limited has provided comprehensive updates on its Non-Convertible Debentures, including regulatory disclosure under SEBI Regulation 54(2) for ₹250 crore NCDs secured by exclusive charge on movable fixed assets. The company also clarified its NCD redemption structure, confirming partial face value reductions rather than early full redemption, with 25,000 NCDs maintaining current face value of ₹75,000 each until maturity in September 2028.

15Oct 25

Varroc Engineering Bolsters Leadership: Avinash Chintawar Appointed as Chief Operating Officer

Varroc Engineering Limited has appointed Avinash Chintawar as Chief Operating Officer (COO) for Business I, effective October 15, 2025. Chintawar, with over 40 years of experience in automotive and manufacturing sectors, will oversee the Operations Vertical within Business I. He will report to Arjun Jain, Whole Time Director & CEO of Business I. Chintawar's role will focus on strengthening operational efficiencies and aligning with Varroc's long-term strategic vision. His extensive career includes leadership positions at Bosch and other prominent companies in the automotive industry.

03Oct 25

Varroc Engineering's Bulgarian Subsidiary Ceases Operations

Varroc Engineering Limited has announced the deregistration of its step-down subsidiary, Varroc Lighting Systems Bulgaria EOOD, effective October 2, 2025. The Bulgarian entity had nil turnover, revenue, income, and net worth for the Financial Year 2024-25. Varroc Engineering has informed the NSE and BSE about this development in compliance with SEBI regulations. The company has also paid interest and principal on its Non-Convertible Debentures ahead of the due date in September 2025.

25Aug 25

Varroc Engineering Lists Fresh Rs. 50 Crore Commercial Papers on NSE

Varroc Engineering Limited has successfully listed fresh commercial papers worth Rs. 50 crores on NSE with a short 26-day tenure at 6.70% discount rate. The issue was fully subscribed by Kotak Mahindra Bank Limited, with ICICI Bank serving as the Issue and Paying Agent, reflecting the company's strong credit standing and strategic financial management.

22Aug 25

Varroc Engineering Issues Rs. 50 Crores Commercial Paper with Updated Terms

Varroc Engineering Limited has successfully issued and allotted commercial paper worth Rs. 50 crores to Kotak Mahindra Bank Limited with revised terms including a 26-day tenure and 6.70% discount rate. The company has informed stock exchanges under Regulation 30 and is seeking NSE listing approval with ICICI Bank as the Issuing and Paying Agent.

11Aug 25

Varroc Engineering Reports 6.8% Revenue Growth with Strong EV Business Expansion

Varroc Engineering reported consolidated revenue of INR 2,028.00 crores, up 6.8% year-over-year. EBITDA margin expanded to 9.5%, and PBT increased to 4.1% of revenue. The company reduced net debt by INR 300.00 crores to INR 448.00 crores. EV business revenue doubled, now accounting for 11% of total revenue. New order wins with annualized peak revenue potential of INR 291.00 crores were secured. The company filed 10 new patents and increased renewable energy sourcing to nearly 50%. Management expects further debt reduction and plans INR 150.00 crores investment for land acquisition.

07Aug 25

Varroc Engineering Reports 6.8% Revenue Growth and 54% Jump in PBT for Q1

Varroc Engineering, a global tier-1 auto components group, reported robust Q1 financial results. Consolidated revenue reached Rs. 20,276.00 million, up 6.8% year-on-year. Profit before tax increased by 54% to Rs. 822.00 million. EBITDA improved to 9.5% from 9.1%. Net debt reduced by Rs. 3,002.00 million to Rs. 4,478.00 million. The company secured new business wins with annualized peak revenues of Rs. 2,905.00 million. Revenue from EV customers accounted for 11% of total revenue. However, the company faces challenges including a settlement offer from an overseas party and an arbitration case initiated by OPmobility Lighting Holding, France.

18Jul 25

Varroc Engineering Bolsters Board with Appointment of Private Equity Veteran Padmanabh Sinha

Varroc Engineering has appointed Padmanabh Sinha as an Additional Director - Non-Executive and Independent Director for a five-year term starting July 18, 2025, subject to shareholder approval. Sinha brings over 25 years of experience in private equity and tech entrepreneurship. The company also announced the completion of tenure for three Independent Directors and the appointment of Anil Ghatiya as the new Company Secretary and Compliance Officer, effective July 31, 2025.

09Jul 25

Varroc Engineering Faces $66.4 Million Arbitration Claim from Opmobility Lighting Holding

Varroc Engineering, an automotive component manufacturer, has received an arbitration request from Opmobility Lighting Holding. The claim amounts to $66.4 million, plus additional legal costs. The nature of the dispute remains undisclosed. This legal challenge could significantly impact Varroc's financial position and is likely to be closely monitored by shareholders and industry observers.

29May 25

Varroc Engineering: Q4 Profit Plunges 63% Amid Rising Expenses

Varroc Engineering, an automotive component manufacturer, reported a 63.2% decline in Q4 net profit to ₹21.00 crore, down from ₹56.90 crore last year. This decrease occurred despite a 6.3% increase in revenue to ₹2,099.20 crore. The company's EBITDA margin contracted to 10.56% from 11.18%. The board recommended a dividend of ₹1.00 per share. The profit decline suggests significant cost pressures during the quarter, possibly due to increased operational costs, raw material price fluctuations, or supply chain challenges.

07May 25

Varroc Engineering Secures ₹364 Crore Settlement, Boosting Financial Position

Varroc Engineering, an auto components manufacturer, has received a full settlement of RMB 310.5 million (approximately ₹364.00 crore). This significant financial inflow is expected to strengthen the company's balance sheet, potentially improving liquidity, enabling debt reduction, or funding new investments. The settlement demonstrates Varroc's ability to successfully conclude financial agreements, which could positively impact investor perception and the company's market position in the auto components sector.

17Apr 25

Varroc Engineering Ordered to Transfer 50% Stake in Joint Venture to Beste Motors

A British Virgin Islands court has ordered Varroc Engineering to transfer its 50% stake in Varroc TYC Corporation to Beste Motors for RMB 310.50 million (approx. INR 360.00 crore), following an ICC arbitration award. The transfer must be completed within 28 days of the April 3, 2025 enforcement award. The dispute stemmed from alleged breaches of a 2013 shareholders' agreement and articles of association for joint ventures in China.