Net profit of Varroc Engineering rose 2.67% to Rs 55.68 crore in the quarter ended September 2024 as against Rs 54.23 crore during the previous quarter ended September 2023. Sales rose 10.28% to Rs 2080.77 crore in the quarter ended September 2024 as against Rs 1886.81 crore during the previous quarter ended September 2023. ParticularsQuarter EndedSep. 2024Sep. 2023% Var. Sales2080.771886.81 10 OPM %10.0010.30 - PBDT172.36158.80 9 PBT90.8173.91 23 NP55.6854.23 3 Powered by Capital Market - Live News

The Board of Varroc Engineering at its meeting held on 13 November 2024 has appointed Vidyadhar Limaye (DIN 06720053) as Additional Director and Whole Time Director of the Company. Powered by Capital Market - Live News

Varroc Engg. will hold a meeting of the Board of Directors of the Company on 13 November 2024Powered by Capital Market - Live News

Varroc Engineering announced the appointment of Dr. Karl-Heinz Glander as the Head of R&D for the Business II. Dr. Glander will play a pivotal role in driving the Company`s innovation and technology strategies, reinforcing Varroc`s commitment to delivering cutting-edge solutions for the automotive industry.In his new role, Dr. Glander, based out of Germany will oversee the R&D activities for Business II and report to Dhruv Jain, CEO, Varroc Business II. He will be responsible for developing advanced technology such as Advanced Driver Assistance System (ADAS), Driver Monitoring System (DMS) & Driver and Occupant Monitoring System (DOMS), cockpit electronics, video telematics, fleet management systems for the automatic industry etc. His leadership will be key in driving Varroc Business II`s R&D strategy, fostering a culture of innovation, and enhancing the company`s competitive edge in the global market.Powered by Capital Market - Live News

Net profit of Varroc Engineering rose 0.46% to Rs 32.41 crore in the quarter ended June 2024 as against Rs 32.26 crore during the previous quarter ended June 2023. Sales rose 5.16% to Rs 1898.85 crore in the quarter ended June 2024 as against Rs 1805.69 crore during the previous quarter ended June 2023. ParticularsQuarter EndedJun. 2024Jun. 2023% Var. Sales1898.851805.69 5 OPM %9.1610.12 - PBDT135.80145.40 -7 PBT55.9965.24 -14 NP32.4132.26 0 Powered by Capital Market - Live News