Varroc Engineering Ltd (BOM:541578)
₹ 518.3 -1.25 (-0.24%) Market Cap: 79.19 Bil Enterprise Value: 88.99 Bil PE Ratio: 14.93 PB Ratio: 4.91 GF Score: 77/100
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Varroc Engineering Ltd to Discuss Divestment of 4W Lighting Business in Europe & America and Outlook of its Continued Operations Call Transcript

Oct 07, 2022 / 06:30AM GMT
Release Date Price: ₹315.35 (-6.70%)
Operator

Good day, and welcome to the Varroc Engineering Conference Call. (Operator Instructions) Please note that this conference is being recorded.

I now hand the conference over to Mr. Tarang Jain, the Chairman and Managing Director. Thank you, and over to you, sir.

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

Thank you. Tarang Jain here. Good afternoon to everyone, and I would like to thank you all for joining the call of Varroc Engineering Limited. We're having this call to appraise (sic) [apprise] our stakeholders about the divestments of the 4-wheeler lighting business in Europe and America. We will also talk about how the continued business is progressing for the company.

Firstly, in respect of this divestment, I would like to highlight some important changes. The continuation of the Russia-Ukraine war leading to higher inflation, the consequent tightening by the central banks and the semiconductor supply shortages continue to impact both the supply and demand. This has resulted in lower

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