Varroc Engineering Ltd (BOM:541578)
₹ 519.55 2.3 (0.44%) Market Cap: 79.38 Bil Enterprise Value: 89.18 Bil PE Ratio: 14.97 PB Ratio: 4.92 GF Score: 77/100
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Q1 2022 Varroc Engineering Ltd Earnings Call Transcript

Aug 12, 2021 / 12:00PM GMT
Release Date Price: ₹320.15 (+0.98%)
Operator

Ladies and gentlemen, good day, and welcome to Varroc Engineering Limited Q1 FY '22 Results Conference Call. (Operator Instructions) Please note that this conference is being recorded.

Varroc Engineering Limited's management is represented by Mr. Tarang Jain, Chairman and Managing Director; along with Stephane Vedie, President and CEO, VLS business; T.R. Srinivasan, Group CFO; Arjun Jain, President and Head Electrical and Electronics business; and Nitin Kalani, Head of Treasury, FP&A and Investor Relations.

I now hand the conference over to Mr. Tarang Jain. Over to you, sir.

Tarang Jain
Varroc Engineering Limited - MD & Executive Non-Independent Chairman of the Board

Thank you. So good evening, everyone. I am Tarang Jain, and I would like to thank you for joining the Q1 FY '22 Earnings Call for Varroc Engineering Limited.

I will start with the India business. The first quarter of FY '22 witnessed country-wide lockdowns due to COVID-19 second wave. The Indian 2-wheeler production volumes in the quarter declined by 38% over

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