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Varroc Engineering Ltd Q2FY24; 3% rise in Revenue

Varroc Engineering Ltd was incorporated in 1988, is the flagship company of the Aurangabad-based Varroc Group. Varroc is a global tier-1 automotive component group. It is engaged in the business of manufacturing and supplying automobile components to a wide range of OEMs across the globe

Financial Results:

Varroc Engineering Ltd reported Revenues for Q2FY24 of ₹1,887.00 Crores up from ₹1,834.00 Crore year on year, a rise of 2.89%.

Total Expenses for Q2FY24 of ₹1,828.00 Crores up from ₹1,816.00 Crores year on year, a rise of 0.66%.

Consolidated Net Profit of ₹56.00 Crores from -₹795.00 Crores in the same quarter of the previous year.

The Earnings per Share is ₹3.55, from -₹52.03 in the same quarter of the previous year.

*It is important to note that the way the results have been accounted for are slightly different than the ones the companies may choose to publish.

*The presented data is automatically generated. It may occasionally generate incorrect information.

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