Varroc Engineering Q3 FY24 Results Live : profit rise by 1773.7% YOY
Varroc Engineering Q3 FY24 Results Live : Revenue increased by 9.78% YoY & profit increased by 1773.7% YoY
Varroc Engineering declared their Q3 FY24 results on 07 Feb, 2024. The topline increased by 9.78% & the profit increased by 1773.7% YoY. As compared to the previous quarter the revenue declined by 0.12% and the profit increased by 605.71%.
The Selling, general & administrative expenses rose by 2.11% q-o-q & increased by 13.3% Y-o-Y.
The operating income was down by 17.96% q-o-q & increased by 79.83% Y-o-Y.
The EPS is ₹25.05 for Q3 FY24 which increased by 1769.4% Y-o-Y.
Varroc Engineering has delivered -5.45% return in the last 1 week, 46.24% return in last 6 months and 0.1% YTD return.
Currently the Varroc Engineering has a market cap of ₹8475.83 Cr and 52wk high/low of ₹632 & ₹239.45 respectively.
As of 10 Feb, 2024 out of 5 analysts covering the company, 2 analysts have given Strong Sell rating, 2 analysts have given Buy rating &1 analyst has given Strong Buy rating.
Varroc Engineering Financials
| Period | Q3 FY24 | Q2 FY24 | Q-o-Q Growth | Q3 FY23 | Y-o-Y Growth |
|---|---|---|---|---|---|
| Total Revenue | 1884.59 | 1886.81 | -0.12% | 1716.77 | +9.78% |
| Selling/ General/ Admin Expenses Total | 207.09 | 202.82 | +2.11% | 182.78 | +13.3% |
| Depreciation/ Amortization | 89.27 | 84.89 | +5.17% | 81.88 | +9.03% |
| Total Operating Expense | 1800.76 | 1784.63 | +0.9% | 1670.15 | +7.82% |
| Operating Income | 83.83 | 102.18 | -17.96% | 46.62 | +79.83% |
| Net Income Before Taxes | 70.75 | 73.91 | -4.28% | 11.45 | +517.7% |
| Net Income | 382.69 | 54.23 | +605.71% | 20.42 | +1773.7% |
| Diluted Normalized EPS | 25.05 | 3.55 | +605.63% | 1.34 | +1769.4% |
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