Varroc Engineering · NSE: VARROC · BSE: 541578

Q2 FY23 results · Jul–Sep 2022

Varroc Engineering reported revenue from operations of ₹1,827.95 crore (down 39.7% from Q2 FY22) and net loss of ₹794.77 crore for Q2 FY23 (Jul–Sep 2022), on a consolidated basis.

Consolidated · ₹ crore
Item	Q2 FY23	Q2 FY22	YoY	Q1 FY23	QoQ
Revenue from operations	1,827.95	3,032.56	−39.7%	1,628.28	+12.3%
Other income	18.62	9.92	+87.7%	9.06	+105.5%
Total income	1,846.57	3,042.48	−39.3%	1,637.34	+12.8%
Profit before share of associates & JVs and tax	30.25	(286.20)	Turned profit	4.15	+628.9%
Share of profit/(loss) of associates & JVs	0.41	1.15		(4.51)
Net profit for the period	(794.77)	(297.22)	Loss widened	(84.15)	Loss widened
Attributable to shareholders of the company	(795.02)	(298.28)	Loss widened	(84.84)	Loss widened
EPS, basic (₹)	(52.04)	(19.52)	Loss widened	(5.55)	Loss widened
Net margin (%)	-43.5	-9.8		-5.2

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 FY23	Q2 FY22	YoY	Q1 FY23	QoQ
Revenue from operations	1,088.73	888.16	+22.6%	919.21	+18.4%
Other income	17.27	25.43	−32.1%	15.21	+13.5%
Total income	1,106.00	913.59	+21.1%	934.42	+18.4%
Profit before tax	(1,321.39)	40.43	Turned loss	(9.33)	Loss widened
Net profit for the period	(1,353.33)	24.77	Turned loss	(5.88)	Loss widened
EPS, basic (₹)	(88.57)	1.62	Turned loss	(0.38)	Loss widened
Net margin (%)	-124.3	2.8		-0.6

Consolidated

Filed with BSE: 14 Nov 2022, 17:50 IST
Board meeting: 14 Nov 2022
Period: 01 Jul 2022 to 30 Sep 2022
Review status: Unaudited
Source: XBRL filing on BSE

Standalone

Filed with BSE: 14 Nov 2022, 17:50 IST
Board meeting: 14 Nov 2022
Period: 01 Jul 2022 to 30 Sep 2022
Review status: Unaudited
Source: XBRL filing on BSE