Varroc Engineering Q2 Review - Bottoming Out, Play On Global Passenger Vehicles Recovery: Dolat Capital

BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy..Dolat Capital Report.Varroc Engineering Ltd. displayed a disappointing performance in Q2 FY22 dragged by weak performance of Varroc Lighting Systems. Revenue grew by 4% YoY, 36% increase in India business was offset by 13% decline in Varroc Lightings. The company recorded negative Ebitda dragged by weak performance of Varroc Lightings (severely impacted by semiconductor shortages and commodity inflation). Varroc Engineering's management expects semiconductor shortages issue to ease off gradually in ensuing quarters led to rebound in revenue and margin.We expect FY23 would be a strong year for passenger vehicles given strong waiting period and low inventory worldwide. As 65% revenue comes from the PV segment. Revival in volume of its key clients like Volkswagen, Tesla, FCA, Ford, Renault to stimulate earnings..Click on the attachment to read the full report:.DISCLAIMERThis report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BloombergQuint..Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

Varroc Engineering Q2 Review - Bottoming Out, Play On Global Passenger Vehicles Recovery: Dolat Capital

Varroc Engineering Q2 Review - Bottoming Out, Play On Global Passenger Vehicles Recovery: Dolat Capital

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