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Varroc Engineering Ltd Q3FY24; 1645% rise in Profits

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 Q3FY24 of ₹1,885.00 Crores up from ₹1,723.00 Crore year on year, a rise of 9.4%.

Total Expenses for Q3FY24 of ₹1,848.00 Crores up from ₹1,715.00 Crores year on year, a rise of 7.76%.

Consolidated Net Profit of ₹384.00 Crores up 1645.45% from ₹22.00 Crores in the same quarter of the previous year.

The Earnings per Share is ₹25.05, up 1,769.40% from ₹1.34 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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