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Varroc Engineering trades higher on reporting 4% rise in Q2 consolidated net profit
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Varroc Engineering is currently trading at Rs. 506.05, up by 7.65 points or 1.53% from its previous closing of Rs. 498.40 on the BSE.
The scrip opened at Rs. 508.40 and has touched a high and low of Rs. 515.25 and Rs. 499.90 respectively. So far 4591 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 717.00 on 14-Jun-2024 and a 52 week low of Rs. 432.20 on 14-Mar-2024.
Last one week high and low of the scrip stood at Rs. 550.65 and Rs. 495.00 respectively. The current market cap of the company is Rs. 7785.23 crore.
The promoters holding in the company stood at 75.00%, while Institutions and Non-Institutions held 16.45% and 8.55% respectively.
Varroc Engineering has reported many fold jump in its net profit at Rs 47.14 crore for second quarter ended September 30, 2024 (Q2FY25) as compared to Rs 2.11 crore for the same quarter in the previous year. Total income of the company increased by 11.18% at Rs 1,253.13 crore for Q2FY25 as compared to Rs 1,127.08 crore for the corresponding quarter previous year.
On consolidated basis, the company has reported 3.73% rise in net profit at Rs 57.80 crore for Q2FY25 as compared to Rs 55.72 crore for the same quarter in the previous year. Total income of the company increased by 10.24% at Rs 2,087.46 crore for Q2FY25 as compared to Rs 1,893.55 crore for the corresponding quarter previous year.
