Slide 1: Exchange filing cover letter: Investor Presentation Q1 FY26
Varroc Engineering Limited Regd. & Corp. Office L-4, MIDC, Industrial Area Tel + 91 240 6653700 email: varroc.info@varroc.com Waluj, Aurangabad 431 136, Fax + 91 240 2564540 www.varroc.com Maharashtra, India CIN: L28920MH1988PLC047335 VARROC/SE/INT/2025-26/60 August 7, 2025 To, The Manager- Listing
Slide 2: Presentation to Investors - Q1 FY26
Presentation to Investors - Q1 FY26 07th August 2025 1
Slide 3: Disclaimer
Disclaimer This presentation may include statements which may constitute forward-looking statements. All statements that address expectations or projections about the future, including, but not limited to, statements about the strategy for growth, business development, market position, expenditures,
Slide 4: About Us
About Us Varroc is a leading global auto technology company with a product portfolio covering a wide range of electrical, electronics, 08 6100+ Countries Employees lighting, polymer, metallic, after-market and advanced safety solutions 37 Operating Manufacturing Facilities REVENUE USD 954 MILLION BU
Slide 5: Vision, Mission and Values
VARROC Vision Mission Create safe, smart and sustainable future mobility Be the trendsetter in providing mobility solutions that solutions for everyone. offer the highest value for money to customers • Extend India Market leader position in 2W mobility, lighting, and driver assistance to the world •
Slide 6: Representation of Varroc
Representation of Varroc Promoter Share Holding Public Share Holding 75.0% 25.0% Varroc Engineering Limited VEL - Standalone Operations Overseas Subsidiaries India Subsidiaries’ ● IMES ITALY ● E-Mobility Solutions ● Varroc Connect (95%) ● Body System Solutions ● ITALY 2W Lighting ● Durovalves India
Slide 7: Update on Q1 FY26 Performance
Update on Q1 FY26 Performance 07th August 2025 1
Slide 8: Highlights for Q1 FY26
Highlights for Q1 FY26 1.Q1 FY26 Revenue at Rs. 20,276 million with a growth of 6.8% YoY, with India Operations registering a 7.2% growth 2. Q1 FY26 PBT (before exceptional and JV profits) at 4.1% vs. 2.8% in Q1 FY25; EBITDA at 9.5% vs 9.1% on YoY basis Net debt reduced by Rs.3,002 mn in Q1 FY26 and
Slide 9: Automotive Production in India
Automotive Production in India Units in million 5.86 5.85 5.90 • Automotive Industry witnessed moderate growth across all segments during Q1 on YoY basis : • 2W grew by 0.7% • 3W grew by 9.8% • PV grew by 3.4% • CV grew by 2.6% • On QoQ basis, due to seasonal impact we saw de-growth in almost all se
Slide 10: Consolidated Financials of Q1 FY26
Consolidated Financials of Q1 FY26 ₹ in Million Revenue Particulars Q1 FY26 Q1 FY25 YoY Q4 FY25 QoQ Revenue from operations 20,276 18,989 6.8% 20,992 -3.4% 20,992 18,989 20,276 EBITDA 1,919 1,724 2,134 EBITDA% 9.5% 9.1% 40 bps 10.2% (70 bps) PBT before JV and exceptional items 822 533 1,034 PBT befo
Slide 11: Consolidated Balance Sheet & Return Ratios
Consolidated Balance Sheet & Return Ratios ₹ in Millions 9,828 9,160 8,273 7,860 7,480 4,478 Net Debt Q4 FY24 Q1 FY25 Q2 FY25 Q3 FY25 Q4 FY25 Q1FY26 Rs. in Million 31st Mar 2024 30th Jun 2024 30th Sep 2024 31st Dec 2024 31st Mar 2025 30th Jun 2025 Net Debt 9,828 9,160 8,273 7,860 7,480 4,478 Equity
Slide 12: Revenue Breakdown for Q1 FY26
Revenue Breakdown for Q1 FY26 Business Unit Segment Lighting Solutions 3% 10% 18% Body Part Solutions 4% 25% ICE Powertrain 6% Emobility Solutions 2&3 Wheeler 4 Wheeler & Other HMI Connectivity 26% 34% Aftermarket 75% Others (Overseas) Geography Customer 13% India 45% Bajaj Outside India Non-Bajaj 5
Slide 13: Net New Annual Peak Revenue Win in Q1 FY26
Net New Annual Peak Revenue Win in Q1 FY26 (Annual Peak Revenue is Rs.2,905 million) Peak Annual revenue* in next 3 years from new SOP Revenue % win from 2&3W and 4W Players 13,800 13,000 11,800 12,000 33.3% 8,400 8,500 66.7% 3,800 3,800 3,800 FY26 FY27 FY28 2W&3W 4W&Others Peak Revenue end of FY25
Slide 14: Compounding Machine of Value
Volume growth on top of inflation Revenue recovery to pave way for profitable Growth growth Debt reduction, less capital-intensive investments and prudent capital deployment in organic + inorganic Sustainable improvement in contribution margins growth opportunities to ensure through economies of sca
Slide 15: Our Businesses
Our Businesses 07th Aug 2025 1
Slide 16: Powering India's Mobility: E-Mobility
Powering India’s Mobility: E-Mobility 2 FACILITIES - INDIA • Locally designed, developed and manufactured • Fully IoT enabled machines Motor • Complete vertical integration for Electronic Manufacturing Charger Battery & BMS 48V Motor Controller • Motor Dyno Testing System for testing 2W and Throttle
Slide 17: Powering India's Mobility: ICE Powertrain Solutions
Powering India’s Mobility: ICE Powertrain Solutions 5 FACILITIES - INDIA 2 FACILITIES - ITALY Engine Components • Products developed to meet stricter emission norms under BS VI Valves Transmission Component Crankpins & Balancer • Delivers high performance, cost-effective Designed for 30% longer Deli
Slide 18: Powering India's Mobility: Lighting Solutions
Powering India’s Mobility: Lighting Solutions 5 FACILITIES - INDIA 5 FACILITIES - GLOBALLY Visibility System • Varroc is delivering cutting-edge Visibility and Indication Systems for 2W, 3W, and 4W vehicles Headlamps Projector Modules • Our expertise spans LED, Matrix and Xenon Deliver 50% better il
Slide 19: Powering India's Mobility: HMI Solutions
Powering India’s Mobility: HMI Solutions 3 FACILITIES - INDIA Hardware Solutions • Varroc HMI solutions enhance rider control, connectivity, and safety with advanced instrument clusters, telematics, sensors, and switches. Digital Instrument Cluster Smart Telematics & Monitoring System Offer 40% brig
Slide 20: Powering India's Mobility: Body System Solutions
Powering India’s Mobility: Body System Solutions Exterior & Interior Molded Parts 14 FACILITIES - INDIA • Varroc offer end-to-end design, development, and Exterior Molded Components Tail Lamp Assembly Soft Door Trim Cockpit/ Dashboard Molded-in-color design offers a Integrated tailgate with lighting
Slide 21: Powering India's Mobility: Aftermarket
Powering India’s Mobility: Aftermarket EXPORTS TO Our Product Portfolio 30+ COUNTRIES PAN INDIA DISTRIBUTOR +310 Cities +720 Distributors East 765 West 12% 1,706 West 27% North Export 1,253 South Lighting Spare Parts 20% Export Electrical, Electronics, and Lighting products Includes forged component
Slide 22: Our Key Strengths
Our Key Strengths Strong Competitive Long Standing, Low-Cost Continuous Focus on Comprehensive Position in a Growing Customer Manufacturing R&D Capabilities Solution Provider Growing Market Relationships Footprint Enhancing Portfolio Segment • End-to-end services • Developing innovative, cost- • Str
Slide 23: Sustainability
Sustainability PERFORM@CHANGE
Slide 24: ESG Framework
ESG Framework At Varroc, our ESG & Sustainability vision is to co-create a sustainable value for our stakeholders through innovative research, engineering, & manufacturing of environmentally sustainable products for mobility sector through environment friendly operations aligning with our corporate
Slide 25: Commitment to Environment
Commitment to Environment RENEWABLE ENERGY GHG EMISSIONS ▪ 30% Renewable energy contributions. ▪ 110 Energy efficiency and Energy Commitment to increase to 50% in coming conservation projects/Kaizens implemented years. in FY23. ▪ We generated 52.7 Million units of renewable ▪ Approx. 5 Lakhs Electri
Slide 26: Varroc's Kham River Restoration Mission
Varroc’s Kham River Restoration Mission Our commitment to the Kham River Restoration Project reflects our ethos of blending sustainability, innovation, and community engagement to restore one of Chhatrapati Sambhajinagar’s most crucial water bodies and giving back to the city where we started. 1,24,
Slide 27: Commitment to Society
Commitment to Society Creating meaningful differences to the society through environmental and social welfare projects Kham River Nurturing Future Social Impact Restoration Sports Talent Programs • Kham River Eco Restoration Project was introduced • Varroc Vengsarkar Cricket Academy (VVCA) • Learn a
Slide 28: Thank You
THANK YOU PERFORM@CHANGE