Varroc Engineering shares gain on strong Q4 performance

Varroc Engineering shares were trading around 3% higher during the session, buoyed by the company’s strong quarterly results for the fourth quarter.

The company reported a impressive 16.85% year-on-year increase in its consolidated net sales, which rose to Rs 1,974.86 crore in March 2024 from Rs 1,690.06 crore in March 2023.

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Varroc Engineering’s net profit also witnessed a substantial surge of 43.49%, climbing to Rs 56.86 crore in March 2024 compared to Rs 39.62 crore in the corresponding period last year.

The company’s EBITDA (Earnings Before Interest, Tax, Depreciation, and Amortization) stood at Rs 227.45 crore in March 2024, marking a 28.27% increase from Rs 177.32 crore in March 2023.

Varroc Engineering’s Earnings Per Share (EPS) saw a notable improvement, rising to Rs 3.72 in March 2024 from Rs 2.59 in March 2023.

As of 11:08 AM, the company’s shares were trading 2.26% higher at ₹610.35 on the National Stock Exchange (NSE).