Varroc Engineering · NSE: VARROC · BSE: 541578

Q2 FY21 results · Jul–Sep 2020

Varroc Engineering reported revenue from operations of ₹2,916.15 crore (up 7.9% from Q2 FY20) and net loss of ₹38.77 crore for Q2 FY21 (Jul–Sep 2020), on a consolidated basis.

Consolidated · ₹ crore
Item	Q2 FY21	Q2 FY20	YoY	Q1 FY21	QoQ
Revenue from operations	2,916.15	2,703.23	+7.9%	1,274.69	+128.8%
Other income	23.16	11.40	+103.2%	50.00	−53.7%
Total income	2,939.30	2,714.63	+8.3%	1,324.69	+121.9%
Profit before share of associates & JVs and tax	(4.87)	32.21	Turned loss	(390.48)	Loss narrowed
Share of profit/(loss) of associates & JVs	9.02	(6.58)		10.97
Net profit for the period	(38.77)	22.94	Turned loss	(308.59)	Loss narrowed
Attributable to shareholders of the company	(40.06)	22.34	Turned loss	(307.72)	Loss narrowed
EPS, basic (₹)	(2.97)	1.66	not comparable	(22.83)	Loss narrowed
Net margin (%)	-1.3	0.8		-24.2

This company reports a share of profit/(loss) from associates and joint ventures. BSE’s filing format records that share after tax, so it is shown on its own line. The company’s own statement may add it before its “profit before tax” line.

Standalone · ₹ crore
Item	Q2 FY21	Q2 FY20	YoY	Q1 FY21	QoQ
Revenue from operations	646.44	587.23	+10.1%	213.12	+203.3%
Other income	11.58	12.46	−7.1%	8.10	+43.0%
Total income	658.02	599.69	+9.7%	221.21	+197.5%
Profit before tax	38.67	28.88	+33.9%	(49.02)	Turned profit
Net profit for the period	24.69	24.41	+1.2%	(31.39)	Turned profit
EPS, basic (₹)	1.83	1.81	not comparable	(2.33)	Turned profit
Net margin (%)	3.8	4.2		-14.7

Consolidated

Filed with BSE: 11 Nov 2020, 13:15 IST
Board meeting: 10 Nov 2020
Period: 01 Jul 2020 to 30 Sep 2020
Review status: Unaudited
Source: XBRL filing on BSE

Standalone

Filed with BSE: 11 Nov 2020, 13:15 IST
Board meeting: 10 Nov 2020
Period: 01 Jul 2020 to 30 Sep 2020
Review status: Unaudited
Source: XBRL filing on BSE