Friday, July 25, 2025
  • PRESS RELEASE
  • ADVERTISE
  • CONTACT
Happy With Car
No Result
View All Result
  • HOME
  • AUTO NEWS
  • AUTOMATIIVE REVIEWS
  • NEW CARS
  • CAR MARKET
  • CAR BRANDS
  • TECHNOLOGY
  • INSURANCE
  • FINANCE
  • VIDEOS
Happy With Car
No Result
View All Result
Varroc Engineering Q4 FY23 PAT at INR 40 cr, Auto News, ET Auto

Varroc Engineering Q4 FY23 PAT at INR 40 cr, Auto News, ET Auto

by admin
May 24, 2023
in Auto News
0 0
0
Share on FacebookShare on Twitter


<p>Consolidated revenue from operations was INR 16,901 million in Q4 FY23, registering a growth of 2.3% on YoY basis. PAT was positive at INR 400 million in Q4 FY23 as against loss reported last year.</p>
Consolidated income from operations was INR 16,901 million in This fall FY23, registering a progress of two.3% on YoY foundation. PAT was optimistic at INR 400 million in This fall FY23 as in opposition to loss reported final yr.

Pune: Varroc Engineering Ltd. a world tier-I auto parts group, has introduced its outcomes for the quarter ended March 31, 2023. For the monetary yr 2022-23, consolidated income from continued operations was INR 68,631 million, registering a progress of 17.4% on YoY foundation. Revenue after tax for continued operations was at INR 388 million in FY23.

Consolidated income from operations was INR 16,901 million in This fall FY23, registering a progress of two.3% on YoY foundation. PAT was optimistic at INR 400 million in This fall FY23 as in opposition to loss reported final yr.

Tarang Jain, CMD, Varroc Engineering, stated, “Vehicle manufacturing in India throughout This fall FY23 grew on YoY foundation for a lot of the segments, on account of easing of semiconductor points and improved financial exercise. Nonetheless, the business section from which we generate round 70% income i.e. 2W, noticed de-growth of -3% as exports are impacted by geo-political points and home demand was impacted on account of decrease consumption in rural areas.”

The early indicators of enhance in rural consumption and powerful home economic system are anticipated to augur properly for a great FY24. In India, we proceed to have sturdy order wins for brand new enterprise in FY23 throughout enterprise items. Throughout FY23, lifetime income from new order wins is INR 51,782 million. Out of this, enterprise wins from 7 distinguished EV prospects is INR 17,968 million. The order books additionally replicate our effort to diversify as we see practically 56% of lifetime orders win from 4W and 44% from 2and 3-wheelers, he added.

  • Printed On Might 24, 2023 at 01:28 PM IST

Be a part of the neighborhood of 2M+ business professionals

Subscribe to our e-newsletter to get newest insights & evaluation.

Newsletter icon

Obtain ETAuto App

  • Get Realtime updates
  • Save your favorite articles


Scan to obtain App




Source link

Tags: AutoEngineeringFY23INRNewsPATVarroc

Related Posts

Auto industry sales satisfaction declines for the first time in eight years, J.D. Power finds
Auto News

Auto industry sales satisfaction declines for the first time in eight years, J.D. Power finds

July 25, 2025
The Acura TLX Ends Its Run After Nearly a Decade : Automotive Addicts
Auto News

The Acura TLX Ends Its Run After Nearly a Decade : Automotive Addicts

July 24, 2025
‘Completely Misses the Point:’ Germany Slams the EU’s Gas Car Rental Ban Idea
Auto News

‘Completely Misses the Point:’ Germany Slams the EU’s Gas Car Rental Ban Idea

July 23, 2025
Hero MotoCorp Unveils HF Deluxe Pro with Advanced Features at ₹73,550, ETAuto
Auto News

Hero MotoCorp Unveils HF Deluxe Pro with Advanced Features at ₹73,550, ETAuto

July 22, 2025
Market Insight: Forester to regenerate Subaru sales
Auto News

Market Insight: Forester to regenerate Subaru sales

July 21, 2025
BangShift.com FREE BRACKET RACE LIVESTREAM At The AUTOLAND DOOR CAR CHALLENGE – Saturday ,000
Auto News

BangShift.com FREE BRACKET RACE LIVESTREAM At The AUTOLAND DOOR CAR CHALLENGE – Saturday $20,000

July 20, 2025
Load More
Next Post
U.S. has ‘real concern’ about Tesla Autopilot driver interaction, ET Auto

U.S. has 'real concern' about Tesla Autopilot driver interaction, ET Auto

2024 Opel Corsa Facelift Debuts With Updated ICE And EV Models

2024 Opel Corsa Facelift Debuts With Updated ICE And EV Models

Categories

  • Auto News (3,422)
  • Automative Reviews (1,939)
  • Car Brands (2,065)
  • Insurance (3,446)
  • Market (1,609)
  • New Cars (2,166)
  • Technology (2,041)
  • Videos (2,142)
Happy With Car

Find the latest automotive news. Read car news from the auto industry including auto shows, latest vehicles, future cars and more.

Categories

  • Auto News
  • Automative Reviews
  • Car Brands
  • Insurance
  • Market
  • New Cars
  • Technology
  • Videos

Recent News

  • Woman Accused Of Evading Arrest With 3 Kids In Car
  • Tata Motors Revolutionizes Mobility with Innovative Software-Defined Vehicles, ETAuto
  • Jaunt prices Mini Moke EV for Aus
  • Home
  • Disclaimer
  • DMCA
  • Privacy Policy
  • Cookie Privacy Policy
  • Terms and Conditions
  • Contact

Copyright © 2020 Happy With Car

No Result
View All Result
  • HOME
  • AUTO NEWS
  • AUTOMATIIVE REVIEWS
  • NEW CARS
  • CAR MARKET
  • CAR BRANDS
  • TECHNOLOGY
  • INSURANCE
  • FINANCE
  • VIDEOS

Copyright © 2020 Happy With Car

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In