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Varroc Engineering noted that its profitability was tempered by declines in overseas markets and investments in R&D abroad.
Varroc Engineering, an auto components manufacturer, announced a 4% rise in profit after tax (PAT) for the September quarter, reaching ₹57.80 crore, up from ₹55.72 crore in the same period last year.
The company's consolidated revenue from operations saw a 10.28% increase, rising to ₹2,080.8 crore from ₹1,886.8 crore in the July-September quarter of the previous fiscal year.
Earnings before interest, taxes, depreciation, and amortization (EBITDA) also improved, totaling ₹201 crore for the quarter compared to ₹187.10 crore in the previous year.
Varroc noted that its profitability was tempered by declines in overseas markets and investments in R&D abroad.
According to Chairman and Managing Director Tarang Jain, “While urban consumption is down, rural demand has shown growth this fiscal, reflecting the strong performance of the two-wheeler industry.”
In the latest quarter, Varroc’s two- and three-wheeler segments grew by 12.5% and 6.3%, respectively. Meanwhile, the passenger vehicle segment declined slightly by 0.7%, and the commercial vehicle segment contracted by 13.3%.
The company provides a range of products—including electronics, polymers, metallics, and exterior lighting systems—to top OEMs globally. It offers end-to-end services in design, development, and manufacturing across two- and three-wheelers, passenger vehicles, commercial vehicles, and off-highway vehicles.
