ScoutQuest4 Nov 2026
Varroc Engineering541578Stake acquisition deal

Varroc Engineering Ltd press release, Q2 FY27

Varroc is proceeding with the acquisition of a stake in Forsee Power India, giving it access to an operating battery-pack platform and know-how and adding battery packs to its portfolio.

By ScoutQuest · · 1 min read

19%EV share of consolidated revenue
EV share of consolidated revenue: approximately 19%.
EBITDA, Q2 FY27
₹2,611 million
PBT before JV profits and exceptional items, Q2 FY27
₹1,401 million in Q2 FY27, or 4.7% of revenue
EBITDA margin impact, Q2 FY27
approximately 80 basis points
Release
Results press release
Period
Q2 FY27

_Consolidated · Q2 FY27_

📊 EBITDA, Q2 FY27: ₹2,611 million

📈 PBT before JV profits and exceptional items rose to ₹1,401 million in Q2 FY27, or 4.7% of revenue, the company says, compared with 4.3% in Q1 FY27 and 4.1% in Q2 FY26.

📌 More than ₹1,140 million of agreed customer recoveries remained unrealised in cash at the end of H1 FY27, temporarily impacting cash-flow generation, the company says, and the Italy two-wheeler lighting restructuring carries an expected payback period of approximately three years.

⚠️ The timing gap between input-cost increases and customer non-recoveries cut the Q2 FY27 EBITDA margin by approximately 80 basis points.

More numbers
  • Revenue from operations, Q2 FY27₹29,479 million
  • PBT before and exceptional items, Q2 FY27₹1,401 million
  • EBITDA, Q2 FY27₹2,611 million
  • EBITDA margin, Q2 FY278.9%
  • PBT margin before and exceptional items, Q2 FY274.7%
  • Consolidated net debt, September 30, 2026₹5,547 million
  • Net debt-to-equity, September 30, 20260.29
  • E-Mobility Solutions revenue, Q2 FY27approximately ₹2,773 million
  • EV-related revenue growth, Q2 FY27approximately 130%
  • EV share of consolidated revenue, Q2 FY27approximately 19%
  • Net new business wins annualised peak revenue, H1 FY27₹10,127 million
  • Agreed customer recoveries unrealised in cash, end-H1 FY27more than ₹1,140 million
Source: BSE · 4 Nov 2026

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