Summary of Key Information:

Reporting Period: Quarter and Half Year ended September 30, 2026

Nature of Filing / Announcement: Unaudited Financial Results (Standalone and Consolidated)

Audit Opinion:

Qualified Opinion - Statutory auditors issued qualified conclusions on both standalone and consolidated financial results due to ongoing arbitration proceedings with TYC Parties regarding revenue recognition of ₹209.89 million (standalone) and ₹441.71 million (consolidated) from previous years.

Key Financial Highlights [₹ in Million]:

Standalone Results:

Quarter Ended September 30, 2026:

  • Revenue from Operations: ₹26,671.47 (Q2 FY26: ₹20,378.56)
  • Total Income: ₹26,812.51
  • EBITDA: Not explicitly disclosed
  • Net Profit: ₹1,187.76 (Q2 FY26: ₹676.54)
  • EPS: ₹7.77 (Q2 FY26: ₹4.43)
  • Other Equity: ₹22,419.09 (March 31, 2026: ₹20,498.62)
  • Cash and Cash Equivalents: ₹317.77
  • Debt: Short-term ₹3,421.23, Long-term ₹2,176.26, Total ₹5,597.49

Half Year Ended September 30, 2026:

  • Revenue from Operations: ₹50,306.42 (H1 FY26: ₹38,807.43)
  • Net Profit: ₹2,176.43 (H1 FY26: ₹1,542.82)
  • EPS: ₹14.24 (H1 FY26: ₹10.10)

Consolidated Results:

Quarter Ended September 30, 2026:

  • Revenue from Operations: ₹29,479.26 (Q2 FY26: ₹22,073.38)
  • Total Income: ₹29,518.26
  • Net Profit: ₹334.66 (Q2 FY26: ₹632.63)
  • EPS: ₹2.15 (Q2 FY26: ₹3.99)
  • Cash and Cash Equivalents: ₹1,236.24
  • Debt: Short-term ₹5,901.68, Long-term ₹2,176.26, Total ₹8,077.94

Half Year Ended September 30, 2026:

  • Revenue from Operations: ₹55,821.63 (H1 FY26: ₹42,348.89)
  • Net Profit: ₹1,111.69 (H1 FY26: ₹1,706.83)
  • EPS: ₹7.21 (H1 FY26: ₹10.87)

Segment-wise Performance [₹ in Million]:

Consolidated Segment Revenue (Q2 FY27):

  • Automotive: ₹28,708.89
  • Others: ₹770.37

Consolidated Segment Results (Q2 FY27):

  • Automotive: ₹1,100.15
  • Others: (₹45.94) loss

Corporate Actions:

Dividend:

  • Dividend paid during H1 FY27: ₹229.18 million
  • Face value per share: Re. 1/- each

Commercial Paper Issuances:

  • ₹500 million at 7.2% issued July 22, 2026, redeemed August 21, 2026
  • ₹500 million at 6.90% issued September 24, 2026, due for redemption December 23, 2026

Acquisition:

  • Subsequent to September 30, 2026, entered agreement to acquire 45% stake in Forsee Power India Private Limited for initial consideration of Eur 4.50 million, with right to acquire additional 6% stake and contingent consideration up to Eur 2.00 million

Other Significant Information:

Entities in Consolidation:

Subsidiaries: Durovalves India Private Limited; Varroc Connect Private Limited; Varroc European Holding B.V.; VarrocCorp Holding B.V.; Varroc Japan Co. Limited; Industria Meccanica e Stampaggio S.p.A., Italy; Varroc Italy S.p.A; Varroc Romania S.A.; Varroc Vietnam Co. Ltd.; Varroc Electronics Romania SRL; Varroc Poland s.p.z.o.o; Varroc Germany GmBH; Varroc Intelligent Driving Research and Development Centre (Changzhou) Co. Ltd.; Varroc (Thailand) Company Limited

Joint Ventures: Nuova CTS, Sri, Italy; Varroc Dell'Orto Private Limited

Accounting Policy:

No change in accounting policy affecting comparability disclosed

Forward-looking Guidance:

No specific forward-looking guidance or management outlook provided