Shares of Varroc Engineering surged 7.37% on Wednesday to ₹567.25 apiece on the NSE after the company posted strong financial results for Q1 FY26, with net profit rising 215% YoY to ₹107.4 crore.
At around 2:56 PM IST, the stock had gained ₹38.95 from its previous close of ₹528.30. The intraday trading range spanned from ₹513.45 to ₹579.90. With this surge, Varroc’s market capitalization rose to ₹8,450 crore.
The rally followed the company’s impressive earnings report, which showed revenue from operations at ₹2,027.5 crore, up from ₹1,893.8 crore in the year-ago period. EBITDA for the quarter rose to ₹194 crore from ₹174 crore in Q1 FY25.
The company’s robust quarterly growth appears to have boosted investor confidence, prompting a sharp uptick in trading volumes.
As of today, Varroc Engineering trades at a P/E ratio of 138.23, with a dividend yield of 0.18%. The stock has touched a 52-week high of ₹649.00 and a low of ₹374.10.
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