India's Varroc Engineering gains on quarterly profit rise

Varroc Engineering

07/08/2025 10:53

Aug 7 (Reuters) - ** Shares of Varroc Engineering VARE.NS rise 4.6% to 552 rupees

** Co posts a more than three-fold y/y rise in June-qtr consol net profit to 1.05 bln rupees  ($11.97 mln)

** Revenue from operations rise 6.7% y/y

** More than 848,019 shares change hands, 5.2x of 30-day avg

** VARE rated "hold" by 5 analysts on average; median target price is 587 rupees – data compiled by LSEG

** Stock down 6.1% YTD

($1 = 87.7010 Indian rupees)

 (Reporting by Rudra Pratap Singh in Bengaluru)

 ((rudrapratap.singh@thomsonreuters.com))