Varroc Engineering reports 6.8% revenue growth in Q1

Varroc Engineering reported consolidated revenue of INR20.3bn in Q1 FY26, up 6.8% year-on-year, with Indian operations growing 7.2%. EBITDA improved to 9.5% from 9.1%.

The company reduced net debt by INR3bn to INR4.5bn, bringing the net debt-to-equity ratio below 0.3x. New business wins totaled INR2.9bn in annualized peak revenue.